openPR Logo
Press release

Saudi Arabia Premix Plaster Market size is projected to reach $3.4 billion by 2027

03-10-2021 02:36 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Report Ocean

According to a new report published by Report Ocean, titled, “Saudi Arabia Premix Plaster Market by Binding Material and End-User: Opportunity Analysis and Industry Forecast, 2020–2027”,

The Saudi Arabia premix plaster market was valued at $2.3 billion in 2019, and is projected to reach $3.4 billion by 2027, growing at a CAGR of 6.6% from 2020 to 2027.

GET SAMPLE PAGES @ https://www.reportocean.com/industry-verticals/sample-request?report_id=AMR1499

Premix plaster is used on building material surface to hold bricks or stones together in internal or external plastering. However, some of the plasters, such as lime and gypsum-based plasters, are only used for internal plastering. The application of premix plaster can reduce labor cost of mixing and processing on construction site. Moreover, it does not require materials like sand, aggregates, cement, and water, which further reduces the cost of finding new vendors.

The demand for premix plaster is driven by new construction projects and modernization of existing infrastructure. Premix plaster is widely preferred for large projects to reduce the manpower requirement and storage space for sand, cement, and aggregates. However, premix plaster requires effective transportation between construction site and batching plant, which requires huge amount of capital investment.

Based on binding material, cement-based premix plaster garnered significant market share. This is attributed to growth in demand for exterior, interior, and ceiling application. In addition, cement-based premix plaster is more effective in heavy constructions, owing to high density compared to lime and gypsum-based plasters.

Based on end user, the residential end user is expected to witness significant market growth. This is attributed to rise in foreign direct investment in various social and urban development projects. Initiatives taken by the government including tax concession, low cost of sites is expected to create new opportunities in the market.

Major players have adopted product launch and agreements to sustain the intense market competition. The key players profiled in the report include Saudi Readymix, Saudi vetonit co. Ltd., Unibeton Ready Mix, Saint-Gobain Weber Middle East, Conmix Ltd., and Don Construction Products ltd.

COVID-19 scenario analysis

The Saudi Arabia premix plaster market had immediate impact of COVID-19 breakdown. The industry has been persistently challenged by huge number of labor shortage.
In addition, contractors are expected to witness significant challenges, owing to operational uncertainties. Nation wise lockdown and social distancing norms negatively impacted transportation sector, which is vital for premix plaster service. Furthermore, restrictions on cross border import, disrupted the Saudi Arabia premix plaster supply chain.
The delay in upstream and downstream activities led to increase in inventory carrying cost, which further impacted overall project cost.
Moreover, discretionary spending on non-essential home items is pressurized for last six to eight months, which further restricted the demand for plastering services.
However, implementation of IoT and automation may improve the market scenario reducing the need of labors wherever possible.
Key findings of the study

Lime based premix plaster market is projected to grow at the highest CAGR of approximately 6.8%, in terms of revenue, during the forecast period.
By end user, the commercial segment is anticipated to grow with a CAGR of 6.7%, in terms of revenue, during the forecast period.
The residential end user dominated the market with around 55% revenue shares in 2019.

READ FULL REPORT @ https://www.reportocean.com/industry-verticals/sample-request?report_id=AMR1499

Get in Touch with Us:
Report Ocean
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, IIIinois 60611 – UNITED STATES
Tel: +1 888 212 3539 (US – TOLL FREE)
Website: https://www.reportocean.com/

We are the best market research reports provider in the industry. Report Ocean believe in providing the quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is “one-stop solution” for individuals, organizations, and industries that are looking for innovative market research reports.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Saudi Arabia Premix Plaster Market size is projected to reach $3.4 billion by 2027 here

News-ID: 2254576 • Views:

More Releases from Report Ocean

Japan Internet Advertising Market CAGR of 24.9%, Behind the Scenes Techniques for Deep Understanding of Consumer Behavior
Japan Internet Advertising Market CAGR of 24.9%, Behind the Scenes Techniques fo …
The Japan Internet Advertising Market has demonstrated remarkable growth, reaching a valuation of USD 29.49 Billion in 2021. With the digital landscape continually evolving, it is forecasted to soar to an impressive USD 112.04 Billion by 2027. This surge represents an anticipated compound annual growth rate (CAGR) of 24.9% over the projected period, highlighting the dynamic and rapidly expanding nature of the digital advertising sector in Japan. Internet Advertising are set
Location Analytics Market Through the Looking Glass Techniques for a Profound Understanding of Consumer Behavior
Location Analytics Market Through the Looking Glass Techniques for a Profound Un …
This comprehensive market research report offers an in-depth analysis of the global location analytics market from 2019 to 2026. Valued at USD 10,813.6 million in 2019, the market is forecasted to surge to USD 29,878.5 million by 2026, demonstrating a robust Compound Annual Growth Rate (CAGR) of 15.6% throughout the projection period. This report delves into the key drivers, restraints, opportunities, and challenges that are shaping the market, providing stakeholders
Affiliate Marketing Platform Market Eyes Wide Open Maximizing the Value of Observational Research in Consumer Behavior
Affiliate Marketing Platform Market Eyes Wide Open Maximizing the Value of Obser …
The Global Affiliate Marketing Platform Market, valued at USD 19,217.4 million in 2021, is projected to witness significant growth over the next decade, reaching an estimated value of USD 36,902.1 million by 2030. This report provides an in-depth analysis of the market dynamics, growth drivers, challenges, and opportunities that will influence the affiliate marketing landscape over the forecast period of 2021-2030. With a Compound Annual Growth Rate (CAGR) of 7.7%,
Global Clear Brine Fluids Market Growth Forecast and Trends (2022-2030)
Global Clear Brine Fluids Market Growth Forecast and Trends (2022-2030)
The global clear brine fluids market was valued at US$ 0.95 billion in 2021. It is anticipated to experience growth, reaching a valuation of US$ 1.39 billion by 2030. This growth trajectory translates to a compound annual growth rate (CAGR) of 3.1% during the forecast period from 2022 to 2030. Clear brine fluids, crucial in the oil and gas industry for drilling and completion processes, are poised for increased demand,

All 5 Releases


More Releases for Saudi

Saudi Wakala Offers Efficient and Reliable Saudi Visa Stamping Services
Saudi Wakala, a renowned agency specializing in Saudi visa stamping services, is proud to announce its commitment to providing swift and reliable visa processing for travelers to Saudi Arabia. Located in New Delhi, Saudi Wakala has established itself as a trusted partner for individuals and businesses requiring efficient visa stamping services. Efficient Visa Processing Understanding the complexities and time-sensitivity associated with visa stamping, Saudi Wakala offers a streamlined process managed by an
saudi construction company,TOP saudi arabia construction companies list,civil co …
Abdul Ali Al-Ajmi Company Advanced Support Company Al Ashbelya Engineering Al-Dour Engineering Contracting Est. https://www.gdwatches.cn/ Free engineering construction consultation Email:nolan@wholsale9.com Alfanar Arabian Tile Co. Ltd. (ARTIC) Assad Said for Contracting Co Ltd Automated Buildings Company Bazy Trading and Contracting Bin Dayel Contracting Cercon City Cement Company Dar Al Majd EG & G Middle East East Consulting Engineering Center El Seif Engineering Contracting Company El Seif Engineering Contracting Company Engineering Development Co for Contracting FCC Company https://www.gdwatches.cn/ Free engineering construction consultation Email:nolan@wholsale9.com Jones Engineering Group Masar Consulting Engineer Meinhardt Arabia Mohammed M. Al Rashid Co. (MARCO) Qureshi Telecom Contracting &
Saudi Arabia Agriculture Market, Saudi Arabia Agriculture Industry, Saudi Arabia …
Saudi Arabia Agriculture is focussed on the spread of dates, dairy farm merchandise, eggs, fish, poultry, vegetables, and flowers to markets round the creation because it has attained its own potency within the production of such merchandise. The private sector additionally plays a role within the nation's agriculture, because the government offers long-term interest-free loans and inexpensive water, fuel, electricity, and duty-free imports of raw materials and machinery. Over the past
Saudi Arabia Pharmaceutical Market | pharmaceutical companies in saudi arabia, p …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Saudi Arabia Pharmaceutical Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. The report examines Saudi Arabia pharmaceutical market for the period 2016–2026. The primary
Saudi Arabia Airport Privatization Sector Saudi Arabia Airport Sales Report 2022
For Report Sample Contact: neeraj@kuickresearch.com or +91-11-47067990 Report Table of Contents Saudi Arabia Aviation Industry Overview Privatization in Saudi Arabia Saudi Arabia Civil Aviation Regulatory Authority 3.1 General Authority of Civil Aviation (GACA) 3.2 International Air Transport Association Saudi
Saudi Arabia Mutual Fund Sector Saudi Arabia Mutual Fund Sales Report 2022
For Report Sample Contact: neeraj@kuickresearch.com or +91-11-47067990 Report Table of Contents 1. Saudi Arabia Financial Sector Overview 2. Saudi Arabia Stock Market and Exchange Overview 3. Saudi Arabia Mutual Fund Market Overview 4. Saudi Arabia Mutual Fund Program and Managers 4.1 Fund Managers and Companies 4.2 Types of Mutual Funds 5. Saudi Arabia Mutual Fund Asset Allocation 5.1 Market Overview 5.2 Mutual Fund Market Indicators