Market Introduction
Drywall panels, commonly referred to 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, type x, and others. Growth of the construction & infrastructure industry and government initiatives in the UAE has significantly contributed to the growth of the drywall panels.
Market Overview and Dynamics
The Drywall Panels market in UAE is expected to grow from 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. UAE is witnessing high demand for drywall panels due to the rapid growth of the residential and non-residential construction activities in the region. Infrastructure development is the second largest sector after the oil industry in UAE and contributes heavily to the growth of the country’s GDP. In 2017, the total value of the 11,755 construction projects in the UAE had reached around USD 818.2 billion, accounting for 33% of the total value and a further 52% of all construction activities in the GCC region. In addition, the UAE has kicked off large-scale leisure projects, including new hotels, Dubai South, and Dubailand. These activities will significantly propel the demand for drywall panels in UAE. Furthermore, the government of UAE is looking to implement various infrastructure development plans, and government initiatives, including the Energy Strategy 2050, the Dubai Tourism Strategy, and the Sheikh Zayed Housing Program. Infrastructure projects are a significant part of the country’s economic expansion. All these government initiatives are presumed to fuel the drywall panels market. Introduction of innovative products like 3D panels by market players are also influencing the market growth. The utilization of modern 3d wall panels has been impressively changing the feeling of space in any room and further creates a new sight on the interior design of the bathroom, bedroom, and kitchen.
Key Market Segments
In terms of type, the regular segment in 2020, accounted for the largest share of the UAE Drywall Panels market. In 2020, by end-user, the non-residential segment held the largest market share.
Major Sources and Companies Listed
A few major primary and secondary sources referred to while preparing the report on the UAE Drywall Panels market are company websites, annual reports, financial reports, national government documents, and statistical database. Major companies listed in the report are Wasit General Trading LLC, Gypsemna, IKK Group, Mada Gypsum, TechnoMec, Knauf Gips KG, Gyproc, USG Boral, United Mining Industries, and Sadaf Gypsum Company.
Reasons to Buy Report
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 278.07 Million |
| Market Size by 2028 | US$ 419.35 Million |
| CAGR (2021 - 2028) | 5.5% |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
UAE
|
| Market leaders and key company profiles |
|
The UAE Drywall Panels Market is valued at US$ 278.07 Million in 2020, it is projected to reach US$ 419.35 Million by 2028.
As per our report UAE Drywall Panels Market, the market size is valued at US$ 278.07 Million in 2020, projecting it to reach US$ 419.35 Million by 2028. This translates to a CAGR of approximately 5.5% during the forecast period.
The UAE Drywall Panels Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the UAE Drywall Panels Market report:
The UAE Drywall Panels Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The UAE Drywall Panels Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the UAE Drywall Panels Market value chain can benefit from the information contained in a comprehensive market report.
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