Gypsum Board Market
The global gypsum board market has been flourishing continually. The market growth attributes to the extensive usages of gypsum wallboards in building & construction sectors worldwide. The construction industry is witnessing constant growth over the past few years, which is expected to continue further during the assessment period. Besides, emerging economies across the globe are increasing their spending, particularly on infrastructure.
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Moreover, the rapid urbanization & industrialization, alongside the growing residential sector worldwide, demonstrate significant growth opportunities for the market. According to Market Research Future (MRFR), the global gypsum board market is projected to garner exponential traction during the assessment period (2016-2021). Increasing residential construction activities and special economic zones (SEZs) predominantly drive market growth.
Additionally, increasing focus on green buildings to achieve energy efficiency and control the emissions substantiate the growth of the global gypsum board market. Also, growing uses of cost-effective and eco-friendly construction materials boosts the growth of the global drywall market. Gypsum boards, also known as plasterboard, wallboard, and gypsum drywall, are a common, inexpensive building material recognized for their fire-proofing qualities and ease of installation.
Gypsum boards provide excellent sound control, structural integrity, and fire resistance. These boards are easy to decorate and serve as a base for paint & wallpaper, paneling, textured finishes, decorative fabric, and vinyl wall coverings. With rising technology upgrades, gypsum boards are evolving rapidly, witnessing quality improvements such as fire-resistive, increased core strength, and reinforced water-resistance. These new materials are non-combustible, dimensionally stable, and warp/sag/buckle-resistant.
New product developments, such as glass-faced gypsum panels for non-fire rated residential interior application, especially in moisture-prone areas such as bathrooms, kitchens, laundry rooms, and basements, foster the market growth.
On the other hand, project execution criticalities and lack of workforce with the required technical competencies are the major factors predicted to impede the market growth. Nevertheless, technological advancements would support market growth, bringing about efficient manufacturing solutions throughout the review period. Also, sustainable, green practices to help get construction permits faster and inflations in traditional construction methods would push the market growth.
Global Gypsum Board – Segments
The report is segmented into four dynamics;
By Type : Regular Gypsum Board and Type X Gypsum Board.
By Applications: Residential, Institutional, Commercial, and others.
By Product : Gypsum Wallboard and Gypsum Ceiling Board.
By Regions : Asia Pacific, Americas, Europe, and the Rest-of-the-World.
Global Gypsum Board Market – Regional Analysis
The Asia Pacific region dominates the global gypsum board industry. The largest market share attributes to the rising uptake of drywall & ceiling boards in commercial and construction activities. Besides, the increasing demand for gypsum and the burgeoning construction industry in the region drive the growth of the market. The sub segment gypsum ceiling board demonstrates vast growth opportunities to expand further during the forecast period.
Moreover, the availability of raw materials, cost-completive labor force, and low market penetration of gypsum materials boost the regional market growth. Also, the vast advantages of scale efficiency and process effectiveness push the green envelope to the positive side. The APAC gypsum drywall market is projected to retain its dominance throughout the estimated period.
North America stands second in the global gypsum board market. Market growth attributes to the augmenting demand from commercial spaces due to the spurring rise in service sectors, such as IT, BFSI, and telecom. Additionally, the residential construction sector in the US contributes to the growth of the regional market. Technological advances in manufacturing techniques and materials boost market growth in the region. The North American plasterboard is expected to create substantial revenue growth over the assessment period.
Global Gypsum Board Market - Competitive Landscape
Highly competitive, the gypsum board market appears to be fragmented due to the presence of several well-established players. To gain a substantially large market share, these players incorporate strategic initiatives such as mergers & acquisitions, collaboration, product & technology launch, and expansion. These players try to bring novelty in their products, integrating with other technologies. These product solutions include roofing, boards & panels, and the roof that meet the entire spectrum of customer demand with single-point responsibility and responsiveness.
Players leading the global gypsum board market include Certainteed, American Gypsum, Georgia-Pacific, Pabco Gypsum, National Gypsum, Knauf Dubai, Gulf Gypsum, Etex Group, Taishan Gypsum, and Lafarge, among others.
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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