Saudi Arabia Fiber Glass Plaster Mesh Market Research Report Forecast to 2030

The Saudi Arabia Fiber Glass Plaster Mesh market is expected to grow at a CAGR of 2.41% over the forecast duration of 2023-2030. Fiber Glass Plaster Mesh, also known as fiberglass tape or fiberglass drywall tape, is a type of reinforcing material used in the construction industry, especially in drywall applications. It is made of woven glass fibers that are coated with a special glue to increase durability and adhesive properties. The primary purpose of fiberglass mesh is to reinforce and strengthen joints and seams in drywall installations. By applying fiberglass mesh to joints and seams before applying grout (plaster or drywall mud), the mesh helps create a strong, continuous surface that reduces the likelihood of cracks and adds additional stability to the drywall structure. The mesh tape also helps prevent the grout from cracking as it dries and ensures a smooth, seamless finish. Fiberglass plaster mesh is widely used in both residential and commercial construction projects. It is an essential part of the drywall finishing process and plays a key role in ensuring the longevity and integrity of drywall installations.

However, a major factor restraining market growth for fiberglass plaster mesh is its High Initial Cost. The high initial cost of fiberglass plaster mesh can indeed be a potential restraining factor for its market growth in Saudi Arabia, as it may impact the adoption of the material by some segments of the construction industry. While a highly beneficial building material, fiberglass plaster mesh may require a higher initial investment compared to traditional alternatives. The high cost of fiberglass plaster mesh can be attributed to several factors, including the materials used, the manufacturing process, quality standards, and market demand.

Market Segmentation

Based on the Material Type, the Saudi Arabia Fiber Glass Plaster Mesh market has been segmented into Polyester, PVC, Styrene-butadiene, Aluminum and Others

Based on Application, the Saudi Arabia Fiber Glass Plaster Mesh market has been segmented into wall reinforcement, roofing acrylic insulation, marble slab reinforcement and others. In 2022, the Wall Reinforcement segment drove the Saudi Arabia Fiber Glass Plaster Mesh market by holding a substantial market share. It is projected to register a CAGR of 2.45% during the projected timeframe.

Major Players

Bico Industries, JSC "Polotsk - Steklovolokno", Masterplast Group, Valmiera Glass Group, Dr. Gunther Kast GmbH & Co., Sika AG, Saint-Gobain ADFORS, Mapei SpA, are the major companies in the market.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

1.1 SAUDI ARABIA FIBER GLASS PLASTER MESH MARKET, BY MATERIAL
1.2 SAUDI ARABIA FIBER GLASS PLASTER MESH MARKET, BY APPLICATION

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 TOP-DOWN & BOTTOM-UP APPROACH
3.6 FORECAST MODEL
3.7 LIST OF ASSUMPTIONS

4 MARKET DYNAMICS

4.1 OVERVIEW
4.2 DRIVERS
- 4.2.1 GROWING CONSTRUCTION INDUSTRY
- 4.2.2 INCREASE IN THE DEMAND FOR SUSTAINABLE AND NON-TOXIC FIBERGLASS PLASTER MESH DUE TO RISING ENVIRONMENTAL CONCERNS
4.3 RESTRAINTS
- 4.3.1 HIGH INITIAL COST
4.4 OPPORTUNITIES
- 4.4.1 GROWING URBANIZATION AND POPULATION GROWTH
4.5 CHALLENGES
- 4.5.1 STRINGENT GOVERNMENT REGULATIONS AND INCREASING AWARENESS ON THE ENVIRONMENTAL IMPACT OF PLASTIC PRODUCTS

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY CHAIN ANALYSIS
- 5.1.1 RAW MATERIALS
- 5.1.2 MANUFACTURERS
- 5.1.3 DISTRIBUTION AND SALES CHANNEL
  - 5.1.3.1 LIST OF CONSTRUCTION MATERIAL TRADERS
  - 5.1.3.2 LIST OF FIBER GLASS PLASTER MESH CONTRACTORS
- 5.1.4 END USERS
  - 5.1.4.1 LIST OF MANUFACTURERS OF EIFS SYSTEMS
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 THREAT OF SUBSTITUTES
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY
5.3 PRICING ANALYSIS, BY REGION FROM 2019 TO 2030 (USD/SQ METER)
5.4 IMPACT OF COVID-19 ON THE FIBERGLASS PLASTER MESH MARKET
- 5.4.1 IMPACT OF COVID-19 ON SUPPLY CHAIN OF FIBERGLASS PLASTER MESH MARKET
- 5.4.2 MAJOR GOVERNMENT POLICIES TO COUNTER THE PANDEMIC
- 5.4.3 QUALITATIVE ANALYSIS ON CHANGE IN DEMAND FROM END USERS

6 SAUDI ARABIA FIBER GLASS PLASTER MESH MARKET, BY MATERIAL

6.1 OVERVIEW
6.2 POLYESTER
6.3 PVC
6.4 STYRENE-BUTADIENE
6.5 ALUMINIUM
6.6 OTHERS

7 SAUDI ARABIA FIBER GLASS PLASTER MESH MARKET, BY APPLICATION

7.1 OVERVIEW
7.2 WALL REINFORCEMENT
- 7.2.1 EIFS
- 7.2.2 ETICS
7.3 ROOFING ACRYLIC INSULATION
7.4 MARBLE SLAB REINFORCEMENT
7.5 OTHERS

8 COMPETITIVE LANDSCAPE

8.1 COMPETITIVE OVERVIEW
8.2 SAUDI ARABIA MARKET GROWTH STRATERGY ANALYSIS
8.3 COMPETITIVE BENCHMARKING
8.4 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 8.4.1 PRODUCT LAUNCH/ PRODUCT DEVELOPMENT
- 8.4.2 ACQUISITION

9 COMPANY PROFILES

9.1 BICO INDUSTRIES S. A.
- 9.1.1 COMPANY OVERVIEW
- 9.1.2 FINANCIAL OVERVIEW
- 9.1.3 PRODUCTS OFFERED
- 9.1.4 KEY DEVELOPMENTS
- 9.1.5 SWOT ANALYSIS
- 9.1.6 KEY STRATEGIES
9.2 JSC"POLOTSK-STEKLOVOLOKNO"
- 9.2.1 COMPANY OVERVIEW
- 9.2.2 FINANCIAL OVERVIEW
- 9.2.3 PRODUCTS OFFERED
- 9.2.4 KEY DEVELOPMENTS
- 9.2.5 SWOT ANALYSIS
- 9.2.6 KEY STRATEGIES
9.3 MASTERPLAST GROUP
- 9.3.1 COMPANY OVERVIEW
- 9.3.2 FINANCIAL OVERVIEW
- 9.3.3 PRODUCTS OFFERED
- 9.3.4 KEY DEVELOPMENTS
- 9.3.5 SWOT ANALYSIS
- 9.3.6 KEY STRATEGIES
9.4 VALMIERA GLASS GROUP
- 9.4.1 COMPANY OVERVIEW
- 9.4.2 FINANCIAL OVERVIEW
- 9.4.3 PRODUCTS OFFERED
- 9.4.4 KEY DEVELOPMENTS
- 9.4.5 SWOT ANALYSIS
- 9.4.6 KEY STRATEGIES
9.5 DR. GUNTHER KAST GMBH & CO.
- 9.5.1 COMPANY OVERVIEW
- 9.5.2 FINANCIAL OVERVIEW
- 9.5.3 PRODUCTS OFFERED
- 9.5.4 KEY DEVELOPMENTS
- 9.5.5 SWOT ANALYSIS
- 9.5.6 KEY STRATEGIES
9.6 AL NASIR CONCRETE REPAIRS & TRADING W.L.L. (PALADIN)
- 9.6.1 FINANCIAL OVERVIEW
- 9.6.2 PRODUCTS OFFERED
- 9.6.3 KEY DEVELOPMENTS
- 9.6.4 SWOT ANALYSIS
- 9.6.5 KEY STRATEGIES
9.7 SIKA AG
- 9.7.1 COMPANY OVERVIEW
- 9.7.2 FINANCIAL OVERVIEW
- 9.7.3 PRODUCTS OFFERED
- 9.7.4 KEY DEVELOPMENTS
- 9.7.5 SWOT ANALYSIS
- 9.7.6 KEY STRATEGIES
9.8 SAINT-GOBAIN ADFORS
- 9.8.1 COMPANY OVERVIEW
- 9.8.2 FINANCIAL OVERVIEW
- 9.8.3 PRODUCTS OFFERED
- 9.8.4 KEY DEVELOPMENTS
- 9.8.5 SWOT ANALYSIS
- 9.8.6 KEY STRATEGIES
9.9 SAINT-GOBAIN GYPROC
- 9.9.1 COMPANY OVERVIEW
- 9.9.2 FINANCIAL OVERVIEW
- 9.9.3 PRODUCTS OFFERED
- 9.9.4 KEY DEVELOPMENTS
- 9.9.5 SWOT ANALYSIS
- 9.9.6 KEY STRATEGIES
9.10 MAPEI SPA
- 9.10.1 COMPANY OVERVIEW
- 9.10.2 FINANCIAL OVERVIEW
- 9.10.3 PRODUCTS OFFERED
- 9.10.4 KEY DEVELOPMENTS
- 9.10.5 SWOT ANALYSIS
- 9.10.6 KEY STRATEGIES

10 APPENDIX

10.1 REFERENCES
10.2 RELATED REPORTS

LIST OF TABLES

TABLE 1 LIST OF ASSUMPTIONS 22
TABLE 2 LIST OF CONSTRUCTION MATERIAL TRADERS 36
TABLE 3 LIST OF FIBER GLASS PLASTER MESH CONTRACTORS 36
TABLE 4 LIST OF MANUFACTURERS OF EIFS SYSTEMS 36
TABLE 5 FIBERGLASS PLASTER MESH MARKET, BY REGION (SAR/SQ METER), 2019-2030 39
TABLE 6 SAUDI ARABIA FIBER GLASS PLASTER MESH MARKET, BY MATERIAL, 2019-2030 (SAR THOUSAND) 41
TABLE 7 SAUDI ARABIA FIBER GLASS PLASTER MESH MARKET, BY MATERIAL, 2019-2030 (THOUSAND SQ METERS) 42
TABLE 8 SAUDI ARABIA FIBER GLASS PLASTER MESH MARKET, BY APPLICATION, 2019-2030 (SAR THOUSAND) 45
TABLE 9 SAUDI ARABIA FIBER GLASS PLASTER MESH MARKET, BY APPLICATION, 2019-2030 (THOUSAND SQ METERS) 46
TABLE 10 PRODUCT LAUNCH/PRODUCT DEVELOPMENT 50
TABLE 11 ACQUISTION 50
TABLE 12 BICO INDUSTRIES: PRODUCTS OFFERED 52
TABLE 13 BICO INDUSTRIES: KEY DEVELOPMENTS 53
TABLE 14 JSC"POLOTSK-STEKLOVOLOKNO": PRODUCTS OFFERED 55
TABLE 15 JSC"POLOTSK-STEKLOVOLOKNO": KEY DEVELOPMENTS 56
TABLE 16 MASTERPLAST GROUP: PRODUCTS OFFERED 60
TABLE 17 MASTERPLAST GROUP: KEY DEVELOPMENTS 61
TABLE 18 VALMIERA GLASS GROUP: PRODUCTS OFFERED 65
TABLE 19 DR. GUNTHER KAST GMBH & CO.: PRODUCTS OFFERED 67
TABLE 20 AL NASIR CONCRETE REPAIRS & TRADING W.L.L. (PALADIN): PRODUCTS OFFERED 70
TABLE 21 SIKA AG: PRODUCTS OFFERED 74
TABLE 22 SAINT-GOBAIN ADFORS: PRODUCTS OFFERED 77
TABLE 23 SAINT-GOBAIN ADFORS: KEY DEVELOPMENTS 78
TABLE 24 SAINT-GOBAIN GYPROC: PRODUCTS OFFERED 81
TABLE 25 MAPEI SPA: PRODUCTS OFFERED 84

LIST OF FIGURES

FIGURE 1 MARKET SYNOPSIS 12
FIGURE 2 SAUDI ARABIA FIBER GLASS PLASTER MESH MARKET ANALYSIS BY MATERAIL (SAR THOUSAND) 13
FIGURE 3 SAUDI ARABIA FIBER GLASS PLASTER MESH MARKET ANALYSIS BY APPLICATION (SAR THOUSAND) 14
FIGURE 4 FIBER GLASS PLASTER MESH MARKET: MARKET STRUCTURE 16
FIGURE 5 RESEARCH PROCESS OF MRFR 17
FIGURE 6 MARKET DYNAMICS: FIBERGLASS PLASTER MESH MARKET 24
FIGURE 7 CONSTRUCTION SECTOR GROWTH IN SAUDI ARABIA 26
FIGURE 8 DRIVERS: IMPACT ANALYSIS 27
FIGURE 9 RESTRAINT: IMPACT ANALYSIS 29
FIGURE 10 SAUDI ARABIA POPULATION GROWTH 32
FIGURE 11 SUPPLY CHAIN ANALYSIS: FIBERGLASS PLASTER MESH MARKET 34
FIGURE 12 PORTER'S FIVE FORCES ANALYSIS: FIBERGLASS PLASTER MESH MARKET 37
FIGURE 13 SAUDI ARABIA FIBER GLASS PLASTER MESH MARKET, BY MATERIAL, 2019-2030 (SAR THOUSAND) 41
FIGURE 14 SAUDI ARABIA FIBER GLASS PLASTER MESH MARKET, BY MATERIAL, 2019-2030 (THOUSAND SQ METERS) 42
FIGURE 15 SAUDI ARABIA FIBER GLASS PLASTER MESH MARKET, BY APPLICATION, 2019-2030 (SAR THOUSAND) 44
FIGURE 16 SAUDI ARABIA FIBER GLASS PLASTER MESH MARKET, BY APPLICATION, 2019-2030 (THOUSAND SQ METERS) 45
FIGURE 17 COMPETITIVE BENCHMARKING 49
FIGURE 18 BICO INDUSTRIES: FINANCIAL OVERVIEW SNAPSHOT 51
FIGURE 19 BICO INDUSTRIES: SWOT ANALYSIS 54
FIGURE 20 JSC"POLOTSK-STEKLOVOLOKNO": SWOT ANALYSIS 56
FIGURE 21 MASTERPLAST GROUP: FINANCIAL OVERVIEW SNAPSHOT 59
FIGURE 22 MASTERPLAST GROUP: SWOT ANALYSIS 62
FIGURE 23 VALMIERA GLASS GROUP: FINANCIAL OVERVIEW SNAPSHOT 64
FIGURE 24 VALMERIA GLASS GROUP: SWOT ANALYSIS 66
FIGURE 25 DR. GUNTHER KAST GMBH & CO.: SWOT ANALYSIS 68
FIGURE 26 AL NASIR CONCRETE REPAIRS & TRADING W.L.L. (PALADIN): SWOT ANALYSIS 71
FIGURE 27 SIKA AG: FINANCIAL OVERVIEW SNAPSHOT 73
FIGURE 28 SIKA AG: SWOT ANALYSIS 75
FIGURE 29 SAINT-GOBAIN ADFORS: FINANCIAL OVERVIEW SNAPSHOT 77
FIGURE 30 SAINT-GOBAIN ADFORS: SWOT ANALYSIS 79
FIGURE 31 SAINT-GOBAIN GYPROC: FINANCIAL OVERVIEW SNAPSHOT 80
FIGURE 32 SAINT-GOBAIN GYPROC: SWOT ANALYSIS 81
FIGURE 33 MAPEI SPA: FINANCIAL OVERVIEW SNAPSHOT 84
FIGURE 34 MAPEI SPA: SWOT ANALYSIS 85