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.
Companies Mentioned
Bico Industries
JSC "Polotsk — Steklovolokno"
Masterplast Group
Valmiera Glass Group
Dr. Gunther Kast GmbH & Co.
Sika AG
Saint-Gobain ADFORS
Mapei SpA,
- 1 Executive Summary 10
- 1.1 Saudi Arabia Fiber Glass Plaster Mesh Market, By Material 13
- 1.2 Saudi Arabia Fiber Glass Plaster Mesh Market, By Application 14
- 2 Market Introduction 15
- 2.1 Definition 15
- 2.2 Scope Of The Study 15
- 2.3 Research Objective 15
- 2.4 Market Structure 16
- 3 Research Methodology 17
- 3.1 Research Process 17
- 3.2 Primary Research 18
- 3.3 Secondary Research 19
- 3.4 Market Size Estimation 19
- 3.5 Top-down & Bottom-up Approach 20
- 3.6 Forecast Model 21
- 3.7 List Of Assumptions 22
- 4 Market Dynamics 23
- 4.1 Overview 23
- 4.2 Drivers 24
- 4.2.1 Growing Construction Industry 24
- 4.2.2 Increase In The Demand For Sustainable And Non-toxic Fiberglass Plaster Mesh Due To Rising Environmental Concerns 26
- 4.3 Restraints 28
- 4.3.1 High Initial Cost 28
- 4.4 Opportunities 30
- 4.4.1 Growing Urbanization And Population Growth 30
- 4.5 Challenges 32
- 4.5.1 Stringent Government Regulations And Increasing Awareness On The Environmental Impact Of Plastic Products 32
- 5 Market Factor Analysis 34
- 5.1 Supply Chain Analysis 34
- 5.1.1 Raw Materials 34
- 5.1.2 Manufacturers 35
- 5.1.3 Distribution And Sales Channel 35
- 5.1.3.1 List Of Construction Material Traders 36
- 5.1.3.2 List Of Fiber Glass Plaster Mesh Contractors 36
- 5.1.4 End Users 36
- 5.1.4.1 List Of Manufacturers Of Eifs Systems 36
- 5.2 Porter's Five Forces Model 37
- 5.2.1 Threat Of New Entrants 37
- 5.2.2 Bargaining Power Of Suppliers 38
- 5.2.3 Threat Of Substitutes 38
- 5.2.4 Bargaining Power Of Buyers 38
- 5.2.5 Intensity Of Rivalry 38
- 5.3 Pricing Analysis, By Region From 2019 To 2030 (Usd/Sq Meter) 39
- 5.4 Impact Of Covid-19 On The Fiberglass Plaster Mesh Market 39
- 5.4.1 Impact Of Covid-19 On Supply Chain Of Fiberglass Plaster Mesh Market 39
- 5.4.2 Major Government Policies To Counter The Pandemic 39
- 5.4.3 Qualitative Analysis On Change In Demand From End Users 40
- 6 Saudi Arabia Fiber Glass Plaster Mesh Market, By Material 41
- 6.1 Overview 41
- 6.2 Polyester 42
- 6.3 Pvc 43
- 6.4 Styrene-butadiene 43
- 6.5 Aluminium 43
- 6.6 Others 43
- 7 Saudi Arabia Fiber Glass Plaster Mesh Market, By Application 44
- 7.1 Overview 44
- 7.2 Wall Reinforcement 46
- 7.2.1 Eifs 46
- 7.2.2 Etics 47
- 7.3 Roofing Acrylic Insulation 47
- 7.4 Marble Slab Reinforcement 47
- 7.5 Others 47
- 8 Competitive Landscape 48
- 8.1 Competitive Overview 48
- 8.2 Saudi Arabia Market Growth Stratergy Analysis 48
- 8.3 Competitive Benchmarking 49
- 8.4 Key Developments & Growth Strategies 50
- 8.4.1 Product Launch/ Product Development 50
- 8.4.2 Acquisition 50
- 9 Company Profiles 51
- 9.1 Bico Industries S. A. 51
- 9.1.1 Company Overview 51
- 9.1.2 Financial Overview 51
- 9.1.3 Products Offered 52
- 9.1.4 Key Developments 53
- 9.1.5 Swot Analysis 54
- 9.1.6 Key Strategies 54
- 9.2 Jsc Polotsk-steklovolokno 55
- 9.2.1 Company Overview 55
- 9.2.2 Financial Overview 55
- 9.2.3 Products Offered 55
- 9.2.4 Key Developments 56
- 9.2.5 Swot Analysis 56
- 9.2.6 Key Strategies 57
- 9.3 Masterplast Group 58
- 9.3.1 Company Overview 58
- 9.3.2 Financial Overview 59
- 9.3.3 Products Offered 60
- 9.3.4 Key Developments 61
- 9.3.5 Swot Analysis 62
- 9.3.6 Key Strategies 62
- 9.4 Valmiera Glass Group 63
- 9.4.1 Company Overview 63
- 9.4.2 Financial Overview 64
- 9.4.3 Products Offered 65
- 9.4.4 Key Developments 65
- 9.4.5 Swot Analysis 66
- 9.4.6 Key Strategies 66
- 9.5 Dr. Günther Kast Gmbh & Co. 67
- 9.5.1 Company Overview 67
- 9.5.2 Financial Overview 67
- 9.5.3 Products Offered 67
- 9.5.4 Key Developments 68
- 9.5.5 Swot Analysis 68
- 9.5.6 Key Strategies 69
- 9.6 Al Nasir Concrete Repairs & Trading W.L.L. (Paladin) 70
- 9.6.1 Financial Overview 70
- 9.6.2 Products Offered 70
- 9.6.3 Key Developments 70
- 9.6.4 Swot Analysis 71
- 9.6.5 Key Strategies 71
- 9.7 Sika Ag 72
- 9.7.1 Company Overview 72
- 9.7.2 Financial Overview 73
- 9.7.3 Products Offered 74
- 9.7.4 Key Developments 74
- 9.7.5 Swot Analysis 75
- 9.7.6 Key Strategies 75
- 9.8 Saint-gobain Adfors 76
- 9.8.1 Company Overview 76
- 9.8.2 Financial Overview 77
- 9.8.3 Products Offered 77
- 9.8.4 Key Developments 78
- 9.8.5 Swot Analysis 79
- 9.8.6 Key Strategies 79
- 9.9 Saint-gobain Gyproc 80
- 9.9.1 Company Overview 80
- 9.9.2 Financial Overview 80
- 9.9.3 Products Offered 81
- 9.9.4 Key Developments 81
- 9.9.5 Swot Analysis 81
- 9.9.6 Key Strategies 82
- 9.10 Mapei Spa 83
- 9.10.1 Company Overview 83
- 9.10.2 Financial Overview 84
- 9.10.3 Products Offered 84
- 9.10.4 Key Developments 85
- 9.10.5 Swot Analysis 85
- 9.10.6 Key Strategies 85
- 10 Appendix 86
- 10.1 References 86
- 10.2 Related Reports 87
- 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. Günther 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. Günther 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
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