GCC Exterior Sheathing Market

GCC Exterior Sheathing Market Overview:

The GCC exterior sheathing market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. Exterior sheathing is a protective material that shields the exterior of a building against harsh weather elements, such as wind and water. It is manufactured using wood, cement, fiberboard, thermo-brace, and glass mats to improve the strength of the frame structure and enhance the building's thermal resistance. It is a board or panel material commonly used to cover walls, floors, and roofs. It offers additional structural support, ultraviolet (UV) protection, and sheer strength and rigidity while preventing bending and twisting. It serves as a radiation barrier, improves insulation, and provides a stable nailing base for the siding wall. As a result, exterior sheathing is gaining immense traction across the GCC countries due to the standardization of building and construction activities.

The GCC exterior sheathing market is primarily driven by the increasing need for housing and rapid urbanization. Moreover, the rising use of energy-efficient and green building materials, such as exterior sheathings made from foam and wood fiber panels, to meet the energy code requirements cost-effectively is positively influencing the market growth. Additionally, there has been a rise in the demand for eco-friendly materials in the construction industry due to the growing environmental concerns among the masses and the surging need to reduce carbon footprint. In line with this, the shifting focus toward sustainable development has augmented product demand. In addition, the rising public and private investments in remodeling and infrastructure development projects represent another major growth-inducing factor. Moreover, numerous technological advancements in the construction sector, including automated installation and production processes, coupled with the introduction of efficient construction technologies, have accelerated the product adoption rate. Besides this, the surging adoption of sheathing materials due to the easy product availability via online and offline retail distribution channels is contributing to the market growth. Other factors, including rapid growth in the construction industry, numerous product innovations, and ongoing research and development (R&D) activities, are also anticipated to drive the market further.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC exterior sheathing market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC exterior sheathing market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC exterior sheathing market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC exterior sheathing market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC exterior sheathing market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC exterior sheathing market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC exterior sheathing market industry. Furthermore, the value chain analysis of the GCC exterior sheathing market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

GCC Exterior Sheathing Market Segment Insights:

The GCC exterior sheathing market has been analysed as followed:

By Sheathing Type:

• Structural Exterior Sheathing
• Non-Structural Exterior Sheathing

By Product Type:

• OSB (Oriented-Strand Board)
• Plywood
• Particle Board
• Medium Density Fibreboard (MDF)
• Others

By Application:

• Wall
• Roof
• Others

By Product End Use Sector:

• Residential
• Commercial
• Industrial
• Institutional

By Country:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC Exterior Sheathing Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customisation:

The GCC exterior sheathing market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs