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Market Research Report
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1072158

Middle East and Africa Building & Construction Sheets Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Published: | Mordor Intelligence Pvt Ltd | 120 Pages | Delivery time: 2-3 business days

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Middle East and Africa Building & Construction Sheets Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
Published: April 28, 2022
Mordor Intelligence Pvt Ltd
Content info: 120 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents

Middle East and Africa buildings and construction sheets market is anticipated to grow at a CAGR of approximately 3% during forecast period (2022 to 2027).

The COVID-19 pandemic has had a significant impact on the construction sector. Yet, on the upside, construction holds much potential to stimulate recovery, and in turn, recovery measures can support the sector's transformation towards sustainability and digitalization. Tripartite cooperation and social dialogue, together with international labour standards, are key to promote a human-centred recovery of the construction sector from the crisis.

Building & construction sheets are used for the designing of buildings whcih fulfil spatial, environmental and visual requirements. The choice of materials and manner they are put together to form building elements such as walls, roofs, and floor. Increasing polymer and metal sheet use in building application enhances demand expansion. The use of sheets of metal and polymer in roofing, sound & water proofing and HVAC applications is expected to fuel sheet demand in Middle East.

Key Market Trends

Construction Activity Plays a Significant Role in Construction Sheets Market

Following volatile global markets throughout 2020, 2021 was expected to be a year of economic recovery. Construction activity is a key market indicator for economic revival, MEED Projects recorded a rebound to the overall MENA project awards value in 2021 of USD 156 billion. KSA represented the highest value of awarded projects for 2021 with a recorded USD 41.3 billion. A remarkable result considering ongoing challenges driven by the pandemic.

Infrastructure recorded a strong performance of project awards across MENA during 2021 with Egypt awarding USD 6.9 billion, USD 3 billion in KSA and USD 973 million in the UAE. Within the construction project awards, the residential sector was consistently the busiest market across Egypt, KSA and UAE. The highest performing construction sectors in terms of total value awarded are identified in the graphs on the following page, respectively.

Saudi Arabia Dominates the Construction Market in MENA Countries

Saudi Arabia is working towards their established Vision 2030 programme, supported by the continuation of the Kingdom's associated giga projects. Projects like NEOM, The Red Sea Project, and AMAALA are expected to provide new opportunities to own property on the West Coast. In parallel, creating jobs in construction and development, employment opportunities within the hospitality sector and investment in infrastructure and renewable energy. Vision 2030 aims to create a better quality of life alongside a diversified economy that emphasises sustainability, education and hydrocarbon facilities.

The planned projects across the Kingdom highlight the effort towards economic, social and cultural diversification, aligned with the 2022 budget announcement with an investment focus on the education, healthcare and social development sectors. In Q4 2021, KSA was one of five countries to submit their bid to host EXPO 2030 in the capital city, Riyadh.

Competitive Landscape

Middle East and Africa buildings and construction sheets market is highly fragmented with no player holding a significant share to influence the market. Some of the key players in the Middle East and Africa market include Al Shafar Steel Engineering, Corrugated Sheet Ltd, Palram Industries Ltd, Safintra Rwanda Ltd and Ampa Plastics Group Pvt Ltd.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Product Code: 72608

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Technological Innovations in Building and Construction Sheets
  • 4.3 Industry value chain/supply chain analysis
  • 4.4 Impact of government regulations and initiatives in Building and Construction Sheets Industry
  • 4.5 Impact of COVID-19 on the market

5 MARKET DYNAMICS

  • 5.1 Market Drivers
  • 5.2 Market Restraints
  • 5.3 Market Opportunities
  • 5.4 Industry Attractiveness - Porter's Five Forces Analysis
    • 5.4.1 Bargaining Power of Suppliers
    • 5.4.2 Bargaining Power of Consumers
    • 5.4.3 Threat of New Entrants
    • 5.4.4 Threat of Substitutes
    • 5.4.5 Intensity of Competitive Rivalry

6 MARKET SEGMENTATION

  • 6.1 By Material
    • 6.1.1 Bitumen
    • 6.1.2 Rubber
    • 6.1.3 Metal
    • 6.1.4 Polymer
  • 6.2 By End User
    • 6.2.1 Residential
    • 6.2.2 Commercial
    • 6.2.3 Industrial
  • 6.3 By Country
    • 6.3.1 Saudi Arabia
    • 6.3.2 UAE
    • 6.3.3 Iran
    • 6.3.4 South Africa
    • 6.3.5 Rest of MEA

7 COMPETITIVE LANDSCAPE

  • 7.1 Company profiles
    • 7.1.1 Al Shafar Steel Engineering
    • 7.1.2 Corrugated Shhet Ltd
    • 7.1.3 Palram Industries Ltd
    • 7.1.4 Safintra Rwanda Ltd
    • 7.1.5 Ampa Plastics Group Pvt Ltd
    • 7.1.6 Youngman
    • 7.1.7 Gautruss Pty Ltd
    • 7.1.8 Clotan Steel
    • 7.1.9 Algoa Steel & roofing
    • 7.1.10 Kirby International*

8 RECENT DEVELOPMENTS

9 APPENDIX

10 DISCLAIMER