Global GCC Building Material Market By Market Segmentation (Material Type, Construction Type, Region), Industry Size, Key Players, Trends, Opportunity Assessment, Demand, SWOT Analysis, Forecast Period 2017-2030

Global GCC Building Material Market Outlook 

GCC building material market will be majorly driven by the economic and demographic needs, initiatives associated with the Saudi Vision 2030, Abu Dhabi Economic Vision 2030, Dubai Plan 2021, and Qatar National Vision 2030, as well as international tourism associated projects and the assurance from governments towards infrastructure investment. All these initiatives and positive trends will fuel the growth of GCC building materials market. Major growth is observed in sectors such as transportation construction industry, energy and power, which have large scale investments. Further, there are noteworthy affordable housing necessities across the region, and more explicitly in Saudi Arabia, Kuwait, and Bahrain, where housing schemes are being planned to build a large number of new units. Additionally, the regional projects pipeline appears rock-solid with over USD 2.0 trillion of projects at present in the planning stage, representing there is still a need and demand. Construction, the largest sector with more than USD 1.0 trillion of new projects in the pipeline, is followed by transport with USD 447 billion, and power with USD 224 billion.

Goldstein Market Intelligence analyst forecast GCC building material market is likely to thrive with the emergence of new technologies and new construction projects. Further, the building material market is expected to expand at a CAGR of 5.2% through the forecast period (2017-2030) as the new market players and new construction projects in the region will boost the growth of GCC building material.

GCC Building Material Market Segmentation

By Material Type

• Iron and steel
• Aluminium and Articles
• Wood and articles of wood
• Glass and Glassware
• Stone, Plaster, cement etc

Based on types of material type, Iron and steel acquired the lion share of more than 38% of GCC building material market. Further, growing construction projects in Middles East, particularly in GCC region coupled with partnership of construction companies with construction material manufacturers the market is likely to grow at significant pace over the forecast period.

By Construction Type

• Residential Construction
• Industrial Construction
• Commercial Construction
• Infrastructure

By Geography

• Kingdom of Saudi Arabia (KSA) {Market Share (%), Market Size (USD Billion)} Heavy East Building Material Market
• United Arab Emirates (UAE) {Market Share (%), Market Size (USD Billion)} Heavy East Building Material Market
• Qatar {Market Share (%), Market Size (USD Billion)} Heavy East Building Material Market
• Oman {Market Share (%), Market Size (USD Billion)} Heavy East Building Material Market
• Kuwait {Market Share (%), Market Size (USD Billion)} Heavy East Building Material Market
• Bahrain {Market Share (%), Market Size (USD Billion)} Heavy East Building Material Market

Based on geography, Saudi Arabia dominated the GCC building material market with about 34% market. Further, growing aluminum manufacturing base in GCC will expand its position in global construction material market across the globe. 

Covered In This GCC Building Material Market Report                

The report covers the present ground scenario and the future growth prospects of the Building Material for 2017-2030 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in all major regions. GCC Building Material Market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.

GCC Building Material Market Outlook 2017-2030, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the GCC Building Material Market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “GCC Building Material Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

Key Market Players

Our GCC Building Material Market Report comprises of the following companies as the key players:

• Dextra Group
•  SABIC
•  AlKifah Holding Company
•  Zamil Steel Holding Co. Ltd.
•  MASDAR Building Materials
•  LafargeHolcim
•  Saint-Gobain
•  Alba - Aluminium Bahrain
•  Emirates Global Aluminium.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key Questions Answered In This GCC Building Material Market Report

• What is the total market size by 2030 and what would be the expected growth rate of market?
• What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

Reasons to buy this market study

• Facilitate decision-making based on strong historic and forecast data for building material market
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• Position yourself to gain the maximum advantage of the building material market’s growth potential
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• Respond to your competitors’ business structure, strategy and prospects
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