GCC Exterior Sheathing Market to Reach US$ 119.5 Million by 2027

The latest research study by IMARC Group "GCC Exterior Sheathing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" The GCC exterior sheathing market size reached US$ 81.6 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 119.5 Million by 2027, exhibiting a growth rate (CAGR) of 6.49% during 2022-2027.

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GCC Exterior Sheathing Market Outlook:

Exterior sheathing is a covering sheet used to cover the floor, walls, roofs, and ceilings of buildings. It provides strength to the structure and weather resistance to the building. It consists of boards and panels of plywood, timber, gypsum, marble, and oriented strand board. It is installed for decorative purposes and to make the building look charming. It adds the structural integrity of framing in wooden buildings and provides compressive and tensile stress, which helps protect against seismic waves. Exterior sheathing helps to protect the commercial or residential building from entering water into the wall structure.

GCC Exterior Sheathing Market Demand:

The market in GCC is primarily driven by the increasing demand for a wide range of applications such as industrial, commercial, residential, and institutional. In line with this, significant growth in the construction industry is positively influencing the market. Furthermore, the rising infrastructure development activities and rapid urbanization are catalyzing the market. Apart from this, the growing application of insulating materials, such as wood panels and foam, offers numerous opportunities for market expansion. Moreover, the escalating focus on developing more efficient building technologies, such as automated production and installation, is propelling the market.

Besides, due to the increasing environmental concerns, builders are shifting their preference towards green construction materials to ensure sustainability, favoring the exterior sheathing market growth. Additionally, the widespread utilization of these materials to improve energy efficiency and cost savings is expected to provide a boost to the market.

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Key Market Segmentation:

Breakup by Sheathing Type:

• Structural Exterior Sheathing
• Non-Structural Exterior Sheathing

Breakup by Product Type:

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

Breakup by Application:

• Wall
• Roof
• Others

Breakup by End Use Sector:

• Residential
• Commercial
• Industrial
• Institutional

Breakup by Country:

• Saudi Arabia
• UAE
• Qatar
• Oman
• Kuwait
• Bahrain

Competitive Landscape:

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

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