According to the Goldstein Market Intelligence, the building material market is expected to expand at a CAGR of 5.2% through the forecast period (2017-2030).
The spread of coronavirus also had adverse effects due to the widespread shutdowns .Most projects in GCC Countries have been opened due to the COVID-19 outbreak. A wide variety of building materials are imported from COVID-19 affected countries as they shut down factories to stop the epidemic.
In GCC nearly 20% of the construction material is imported from China. Some of the construction companies take 80% of their construction material from China. There is an escalation of costs due to delay in procurement. Construction firms are in a dilemma after the lockdown and work from home.
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GCC Building Material Market Segmentation
By Material Type
o Iron and steel
o Aluminium and Articles
o Wood and articles of wood
o Glass and Glassware
o Stone, Plaster, cement etc
Based on types of material type, Iron and steel acquired the lion share of more than 38% of GCC building material market. Further, growing construction projects in Middles East, particularly in GCC region coupled with partnership of construction companies with construction material manufacturers the market is likely to grow at significant pace over the forecast period.
By Construction Type
o Residential Construction
o Industrial Construction
o Commercial Construction
o Infrastructure
By Geography
o Kingdom of Saudi Arabia (KSA) {Market Share (%), Market Size (USD Billion)} Heavy East Building Material Market
o United Arab Emirates (UAE) {Market Share (%), Market Size (USD Billion)} Heavy East Building Material Market
o Qatar {Market Share (%), Market Size (USD Billion)} Heavy East Building Material Market
o Oman {Market Share (%), Market Size (USD Billion)} Heavy East Building Material Market
o Kuwait {Market Share (%), Market Size (USD Billion)} Heavy East Building Material Market
o Bahrain {Market Share (%), Market Size (USD Billion)} Heavy East Building Material Market

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Covered in this Global GCC Building Material Market Report are
“Global GCC Building Material Market Forecast 2030” by Goldstein Market Intelligence contains detailed overview of Global GCC Building Material Market terms of market segmentation by analysis basis, therapy type and geography. The Report highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities, and investments. The in-depth analysis Global GCC Building Material Market report will help the clients to assess their business strategies as per the competitive environment in the market space.

Key Market Players
• Dextra Group
• SABIC
• AlKifah Holding Company
• Zamil Steel Holding Co. Ltd.
• MASDAR Building Materials
• LafargeHolcim
• Saint-Gobain
• Alba - Aluminium Bahrain
• Emirates Global Aluminium.

Further, Global GCC Building Material Market Report encompasses the major trends & opportunities, market dynamics and other growth factors of the Global GCC Building Material Market Research also comprises of key challenges, risk analysis, BPS analysis, SWOT Analysis and Market Attractiveness. The report also highlights the expert analysis to provide a complete overview of the market including the PESTLE analysis of each region and country.

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