Rise in Middle-Class Population in UAE and Surge in Infrastructure Project to Escalate UAE Drywall Panels Market Growth

According to our latest market study on “UAE Drywall Panels Market Forecast to 2028 – COVID-19 Impact and Analysis – Type (Regular, Moisture-Resistant, Plaster Baseboard, Paperless, Type X, and Others); and Application (Residential, and Non-Residential ),”the market was valued at US$  278.07 million in 2020 and is projected to reach US$ 419.35 million by 2028; it is expected to grow at a CAGR of 5.5% from 2021 to 2028.The report highlights key factors driving the market growth and prominent players along with their developments in the market.

No interior construction project can be complete without installing drywalls. Commonly referred as wallboard, this lightweight panel comes in different types and sizes and can be attached easily to studs to create walls. Drywall is basically a flat panel produced of gypsum plaster sandwiched mainly in between two sheets of thick paper. It also adheres to metal and wood studs utilizing nails or screws. Various types of drywall panels are available in the UAE market, and some of them are regular, moisture-resistant, plaster baseboard, paperless, and Type X. Growth of the construction & infrastructure industry and government initiatives in the UAE has significantly contributed to the growth of the drywall panels market in the UAE.

Cost effectiveness makes drywall panels an affordable option for every homeowner. The panels are easy to install, repair, and replace. They are significantly preferred by the middle-class population. As of 2020, the population of the UAE was ~9.89 million. Also, the country has the highest migration rate, which depicts the large number of immigrant population. The emerging middle-class population in the UAE has significantly boosted the construction industry growth. In 2017, the ongoing construction projects in the UAE were 11,755 with the value of US$ 818.2 billion that accounted for around 33% of the total value in the GCC countries. Homeowners and commercial investors are inclined toward the use of drywall panels for décor as this is the best fit to their economical and modern designs. Moreover, the panels are emerging as the latest green building technology with superior performance, which is suitable for the range of commercial and residential construction projects. Hence, the increasing middle-class population and booming construction in the UAE bolster the growth of the UAE drywall panels market.

Wasit General Trading LLC, Gypsemna, IKK Group, Mada Gypsum, TechnoMec, Knauf Gips KG, Gyproc, USG Boral, United Mining Industries, and Sadaf Gypsum Company are among the well-established players in the UAE Drywall Panels market.

Impact of COVID-19 Pandemic on UAE Drywall Panels Market

The COVID-19 outbreak pandemic has adversely affected economies and industries in various countries due to travel bans, lockdowns, and business shutdowns. The chemical & materials industry is one of the significant industries suffering severe disruptions, such as supply chain breaks, technology event cancellations, and office shutdowns. The UAE is the one of the most affected countries in the Middle East & Africa due to the outbreak. Air transportation is an important source of revenue for the UAE. As per a 2019 report from the International Air Transport Association, air transportation accounted for US$19.3 billion, or around 5% of the UAE’s GDP in 2019. The outbreak has distorted operational efficiency and disrupted the value chains due to the sudden shutdown of national and international boundaries, which led to revenue loss and damage. The shutdown of various manufacturing plants and factories, government lockdowns, and quarantine measures in the UAE have restricted the supply chain and negatively impacted the manufacturing activities, delivery schedules, and the sales of various raw materials and goods. Although, the construction sector was exempt from restrictions, the aforementioned factors have resulted in the shortages of labor and raw materials, which, in turn, delayed the completion of construction projects. Construction companies are facing liquidity crisis due to the high debts and low cash reserves. However, the authorities in the region have announced several measures and changes to be implemented in order to ease the impact of the Covid-19 pandemic on the construction sector.

UAE Drywall Panels Market, 2020

The report includes the segmentation of the UAE Drywall Panels market as follows:

UAE Drywall Panels Market, by Type

• Regular
• Moisture-Resistant
• Plaster Baseboard
• Paperless
• Type X
• Others

UAE Drywall Panels Market, by End-User

• Residential
• Non-Residential