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Middle East Fiber Cement Board Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Type and End User

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    Report

  • 124 Pages
  • April 2022
  • Region: Middle East
  • The Insight Partners
  • ID: 5598034
UP TO OFF until Jun 30th 2024
The Middle East fiber cement board market is expected to grow from US$ 215.85 million in 2021 to US$ 314.91 million by 2028. It is expected to grow at a CAGR of 5.5% from 2021 to 2028.



Fiber cement boards are composite materials made from cement, sand, and cellulose fibers. The fiber cement boards are termite, water, and fire-resistant, making them an ideal material in the construction industry.

Based on application, the Middle East fiber cement board market is segmented into residential and non-residential. In 2020, the non-residential segment held the largest share in the Middle East fiber cement board market. Further, the non-residential segment is also expected to be the fastest-growing segment in the Middle East fiber cement board market during the forecast period. Due to its durability and excellent weather-resistant properties, it is increasingly used for external wall cladding for commercial construction projects. The fiber cement boards also require low maintenance and can be painted and textured to fit into the commercial spaces of buildings.

The Middle East fiber cement board market is segmented into Saudi Arabia, UAE, Kuwait, Qatar, Iraq, Bahrain, Turkey, Jordan, Syria, and the rest of the Middle East. The increase in construction activities in the residential and non-residential sectors and the rising level of support provided to the construction industry by the government of various countries in the Middle East are driving the demand for construction materials, including fiber cement boards. The increasing uptake of innovative eco-friendly materials in the Middle East construction industry and the presence of government standards and initiatives for developing smart buildings are driving the demand for fiber cement boards in the Middle East.

The chemicals & materials industry faced unprecedented challenges due to the COVID-19 pandemic. The shortage of raw materials and labor, shutdown of factories, and other operational difficulties associated with COVID-19 safety protocols adversely affected the Middle East fiber cement board market. The lockdown measures disturbed the supply chains and production of fiber cement boards.

COVID-19 greatly affected construction projects under development in countries, such as the UAE and Saudi Arabia. However, the successful implementation of large-scale vaccination drives eased the tension in current business scenarios, leading to a rise in business activities. The economies are reviving their operations, and the demand for fiber cement boards is expected to rise globally in the coming years. The Dubai Development Authority (DDA) took various steps to mitigate the impact of COVID-19 on the construction sector. In the Kingdom of Saudi Arabia, Saudi Vision 2030 and mega-projects promoted the construction industry despite the critical scenario that has a positive impact on the fiber cement board market.

Tepe Betopan A.Ş., SAINT GOBAIN S.A., Hume Cemboard Industries Sdn Bhd, IKK Group, ACFA Building Solution, Danube Group, United Mining Industries, Cladme, Qatar International Trading Co. LTD, and MADA GYPSUM are leading players in the Middle East fiber cement board market. These companies are adopting strategies, such as mergers and acquisitions and product launches, expanding their geographic presence and consumer base.

The Middle East fiber cement board market has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. Participants of this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers - along with external consultants, including valuation experts, research analysts, and key opinion leaders - specializing in the Middle East fiber cement board market.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation
1.3.1 Middle East Fiber Cement Board Market, by Type
1.3.2 Middle East Fiber Cement Board Market, by End User
1.3.3 Middle East Fiber Cement Board Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Middle East Fiber Cement Board Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Middle East Fiber Cement Board Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Use of Fiber Cement Boards in Residential Sector in Middle East
5.1.2 Superiority of Fiber Cement Boards
5.2 Market Restraints
5.2.1 High Cost of Installation
5.3 Market Opportunities
5.3.1 Growing Construction Activities in Saudi Arabia under Vision 2030
5.4 Future Trends
5.4.1 Adopting Eco-Friendly Construction Materials
5.5 Impact Analysis of Drivers and Restraints
6. Middle East Fiber Cement Board - Market Analysis
6.1 Middle East Market Overview
6.2 Middle East Fiber Cement Board Market - Revenue and Forecast To 2028 (USD Million)
6.3 Middle East Fiber Cement Board Market - Volume and Forecast To 2028 (US$ Million)
6.4 Market Positioning - Key Market Players
7. Middle East Fiber Cement Board Market Analysis - By Type
7.1 Overview
7.2 Middle East Fiber Cement Board Market Breakdown, by Type, 2020 & 2028
7.3 Low Density Fiberboard
7.3.1 Overview
7.3.2 Low Density Fiberboard: Fiber Cement Board Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Medium Density Fiberboard
7.4.1 Overview
7.4.2 Medium Density Fiberboard: Fiber Cement Board Market - Revenue and Forecast to 2028 (US$ Million)
7.5 High Density Fiberboard
7.5.1 Overview
7.5.2 High Density Fiberboard: Fiber Cement Board Market - Revenue and Forecast to 2028 (US$ Million)
8. Middle East Fiber Cement Board Market Analysis - By End User
8.1 Overview
8.2 Middle East Fiber Cement Board Market Breakdown, by End User, 2020 & 2028
8.3 Residential
8.3.1 Overview
8.3.2 Residential: Fiber Cement Board Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Non-Residential
8.4.1 Overview
8.4.2 Non-Residential: Fiber Cement Board Market - Revenue and Forecast to 2028 (US$ Million)
9. Middle East Fiber Cement Board Market - Country Analysis
9.1 Middle East: Fiber Cement Board Market
9.1.1 Middle East: Fiber Cement Board Market, by Key Country
9.1.1.1 Saudi Arabia: Fiber Cement Board Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Saudi Arabia: Fiber Cement Board Market, by Type
9.1.1.1.2 Saudi Arabia: Fiber Cement Board Market, by End User
9.1.1.2 UAE: Fiber Cement Board Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 UAE: Fiber Cement Board Market, by Type
9.1.1.2.2 UAE: Fiber Cement Board Market, by End User
9.1.1.3 Iraq: Fiber Cement Board Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Iraq: Fiber Cement Board Market, by Type
9.1.1.3.2 Iraq: Fiber Cement Board Market, by End User
9.1.1.4 Turkey: Fiber Cement Board Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Turkey: Fiber Cement Board Market, by Type
9.1.1.4.2 Turkey: Fiber Cement Board Market, by End User
9.1.1.5 Kuwait: Fiber Cement Board Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Kuwait: Fiber Cement Board Market, by Type
9.1.1.5.2 Kuwait: Fiber Cement Board Market, by End User
9.1.1.6 Qatar: Fiber Cement Board Market - Revenue and Forecast to 2028 (USD Million)
9.1.1.6.1 Qatar: Fiber Cement Board Market, by Type
9.1.1.6.2 Qatar: Fiber Cement Board Market, by End User
9.1.1.7 Jordan: Fiber Cement Board Market - Revenue and Forecast to 2028 (USD Million)
9.1.1.7.1 Jordan: Fiber Cement Board Market, by Type
9.1.1.7.2 Jordan: Fiber Cement Board Market, by End User
9.1.1.8 Syria: Fiber Cement Board Market - Revenue and Forecast to 2028 (USD Million)
9.1.1.8.1 Syria: Fiber Cement Board Market, by Type
9.1.1.8.2 Syria: Fiber Cement Board Market, by End User
9.1.1.9 Bahrain: Fiber Cement Board Market - Revenue and Forecast to 2028 (USD Million)
9.1.1.9.1 Bahrain: Fiber Cement Board Market, by Type
9.1.1.9.2 Bahrain: Fiber Cement Board Market, by End User
9.1.1.10 Rest of Middle East: Fiber Cement Board Market - Revenue and Forecast to 2028 (USD Million)
9.1.1.10.1 Rest of Middle East: Fiber Cement Board Market, by Type
9.1.1.10.2 Rest of Middle East: Fiber Cement Board Market, by End User
10. Impact of COVID-19
10.1 Middle East: Impact Assessment of COVID-19 Pandemic

11. Company Profiles
11.1 Tepe Betopan A.S.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 SAINT GOBAIN S.A.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Hume Cemboard Industries Sdn Bhd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 IKK Group
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 ACFA Building Solution
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Danube Group
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 United Mining Industries
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Cladme
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Qatar International Trading Co. Ltd.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 MADA GYPSUM
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About the Analyst
12.2 Word Index
List of Tables
Table 1. Middle East Fiber Cement Board Market -Revenue and Forecast to 2028 (USD Million)
Table 2. Middle East Fiber Cement Board Market -Volume and Forecast to 2028 (Thousand Square Meters)
Table 3. Saudi Arabia Middle East Fiber Cement Board Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 4. Saudi Arabia Middle East Fiber Cement Board Market, by Type -Volume and Forecast to 2028 (Thousand Square Meters)
Table 5. Saudi Arabia Middle East Fiber Cement Board Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 6. Saudi Arabia Middle East Fiber Cement Board Market, by End User - Volume and Forecast to 2028 (Thousand Square Meters)
Table 7. UAE Middle East Fiber Cement Board Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 8. UAE Middle East Fiber Cement Board Market, by Type - Volume and Forecast to 2028 (Thousand Square Meters)
Table 9. UAE Middle East Fiber Cement Board Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 10. UAE Middle East Fiber Cement Board Market, by End User - Volume and Forecast to 2028 (Thousand Square Meters)
Table 11. Iraq Middle East Fiber Cement Board Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 12. Iraq Middle East Fiber Cement Board Market, by Type - Volume and Forecast to 2028 (Thousand Square Meters)
Table 13. Iraq Middle East Fiber Cement Board Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 14. Iraq Middle East Fiber Cement Board Market, by End User - Volume and Forecast to 2028 (Thousand Square Meters)
Table 15. Turkey Middle East Fiber Cement Board Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 16. Turkey Middle East Fiber Cement Board Market, by Type - Volume and Forecast to 2028 (Thousand Square Meters)
Table 17. Turkey Middle East Fiber Cement Board Market, by End User -Revenue and Forecast to 2028 (USD Million)
Table 18. Turkey Middle East Fiber Cement Board Market, by End User - Volume and Forecast to 2028 (Thousand Square Meters)
Table 19. Kuwait Middle East Fiber Cement Board Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 20. Kuwait Middle East Fiber Cement Board Market, by Type - Volume and Forecast to 2028 (Thousand Square Meters)
Table 21. Kuwait Middle East Fiber Cement Board Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 22. Kuwait Middle East Fiber Cement Board Market, by End User - Volume and Forecast to 2028 (Thousand Square Meters)
Table 23. Qatar Fiber Cement Board Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 24. Qatar Fiber Cement Board Market, by Type - Volume and Forecast to 2028 (Thousand Square Meters)
Table 25. Qatar Fiber Cement Board Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 26. Qatar Fiber Cement Board Market, by End User - Volume and Forecast to 2028 (Thousand Square Meters)
Table 27. Jordan Fiber Cement Board Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 28. Jordan Fiber Cement Board Market, by Type - Volume and Forecast to 2028 (Thousand Square Meters)
Table 29. Jordan Fiber Cement Board Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 30. Jordan Fiber Cement Board Market, by End User - Volume and Forecast to 2028 (Thousand Square Meters)
Table 31. Syria Fiber Cement Board Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 32. Syria Fiber Cement Board Market, by Type - Volume and Forecast to 2028 (Thousand Square Meters)
Table 33. Syria Fiber Cement Board Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 34. Syria Fiber Cement Board Market, by End User - Volume and Forecast to 2028 (Thousand Square Meters)
Table 35. Bahrain Fiber Cement Board Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 36. Bahrain Fiber Cement Board Market, by Type - Volume and Forecast to 2028 (Thousand Square Meters)
Table 37. Bahrain Fiber Cement Board Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 38. Bahrain Fiber Cement Board Market, by End User - Volume and Forecast to 2028 (Thousand Square Meters)
Table 39. Rest of Middle East Fiber Cement Board Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 40. Rest of Middle East Fiber Cement Board Market, by Type - Volume and Forecast to 2028 (Thousand Square Meters)
Table 41. Rest of Middle East Fiber Cement Board Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 42. Rest of Middle East Fiber Cement Board Market, by End User - Volume and Forecast to 2028 (Thousand Square Meters)
Table 43. List of Abbreviation
List of Figures
Figure 1. Middle East Fiber Cement Board Market Segmentation
Figure 2. Middle East Fiber Cement Board Market Segmentation - By Country
Figure 3. Middle East Fiber Cement Board Market Overview
Figure 4. Middle East Fiber Cement Board Market, By Type
Figure 5. Middle East Fiber Cement Board Market, by Country
Figure 6. Middle East Fiber Cement Board Market, Industry Landscape
Figure 7. Porter's Five Forces Analysis
Figure 8. Ecosystem: Middle East Fiber Cement Board Market
Figure 9. Expert Opinion
Figure 10. Middle East Fiber Cement Board Market Impact Analysis of Drivers and Restraints
Figure 11. Middle East Fiber Cement Board Market - Revenue and Forecast to 2028 (USD Million)
Figure 12. Middle East Fiber Cement Board Market - Volume and Forecast to 2028 (Thousand Square Meters)
Figure 13. Middle East Fiber Cement Board Market Breakdown, by Type, 2020 & 2028
Figure 14. Low Density Fiberboard: Fiber Cement Board Market - Revenue and Forecast to 2028 (US$ Million)
Figure 15. Medium Density Fiberboard: Fiber Cement Board Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. High Density Fiberboard: Fiber Cement Board Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. Middle East Fiber Cement Board Market Breakdown, by End User, 2020 & 2028
Figure 18. Residential: Fiber Cement Board Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. Non-Residential: Fiber Cement Board Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. Middle East : Fiber Cement Board Market Revenue Share, by Key Country (2020 and 2028)
Figure 21. Saudi Arabia: Fiber Cement Board Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. UAE: Fiber Cement Board Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. Iraq: Fiber Cement Board Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. Turkey: Fiber Cement Board Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. Kuwait: Fiber Cement Board Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. Qatar: Fiber Cement Board Market - Revenue and Forecast to 2028 (USD Million)
Figure 27. Jordan: Fiber Cement Board Market - Revenue and Forecast to 2028 (USD Million)
Figure 28. Syria: Fiber Cement Board Market - Revenue and Forecast to 2028 (USD Million)
Figure 29. Bahrain: Fiber Cement Board Market - Revenue and Forecast to 2028 (USD Million)
Figure 30. Rest of Middle East: Fiber Cement Board Market - Revenue and Forecast to 2028 (USD Million)
Figure 31. Impact of COVID-19 Pandemic on the Middle East Fiber Cement Board Market

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Tepe Betopan A.Ş.
  • SAINT GOBAIN S.A.
  • Hume Cemboard Industries Sdn Bhd
  • IKK Group
  • ACFA Building Solution
  • Danube Group
  • United Mining Industries
  • Cladme
  • Qatar International Trading Co. LTD
  • MADA GYPSUM

Table Information