Market Size of Middle-East and Africa Gypsum Board Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Gypsum Board Market Analysis
The Middle-East and African gypsum board market is estimated to grow at a CAGR of over 5.5%, during the forecast period.
The COVID-19 pandemic had negatively affected the market. However, the market has now been estimated to have reached pre-pandemic levels.
- Rising construction activities in Saudi Arabia and booming tourism in the Middle Eastern countries are the major factors driving the market in the region.
- The growing awareness of energy efficiency policy toward Middle-Eastern region buildings is likely to act as an opportunity in the future.
- Gypsum boards are prone to water damage owing to their hygroscopic properties, therefore, this may act as a restraint for market growth.
- South Africa dominated the market across the region with the largest consumption share.
