Inquire Before Buying
Speak to an Analyst
Request Brochure
IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.
Read More- Home
- |
- Press Release
- |
- Global Gypsum Board Market
Global Gypsum Board Market to Reach US$ 39.7 Billion by 2028, Bolstered by the Growth of the Construction Sector
May 30, 2022
| Chemical & Materials
The latest report by IMARC Group, titled “Gypsum Board Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” finds that the global gypsum board market reached a value of US$ 28.6 Billion in 2022. Gypsum board, also known as drywall, wallboard, or plasterboard, is a lightweight construction material utilized in the construction industry in walls, ceilings, or partitions for the interior or exterior of various structures. It is be attached to wood framing as well as existing surfaces with the help of screws, nails, and adhesives. It is also used to reduce mildew, increase fire resistance, and lower water absorption. Recently, the demand for gypsum board has escalated as it offers enhanced versatility, quality, sound control, and non-combustible core compared to conventional plastering process.
Global Gypsum Board Market Trends:
The market is primarily driven by the increasing demand for gypsum boards in construction and remodeling activities across commercial and housing sectors. It is employed as covering material for interior walls and ceilings and as a tile backer in limited wetting areas such as bathroom, water closet, basement, kitchen, laundry, and utility rooms. Besides this, with the growing environmental concerns, gypsum board is widely used as it is a recyclable, green building material that aids in sustainable and low-cost construction. Furthermore, governments across these countries are extensively investing in infrastructural development, thereby propelling the demand for gypsum boards. In addition to this, the expansion of the real estate sector owing to rising urban migration is influencing the market growth. Moreover, manufacturers have launched innovative products, such as air-purifying and sound-reducing gypsum boards, which contain a viscoelastic polymer middle layer between two specially formulated thin layers. On account of these factors, the market is expected to reach a value of US$ 39.7 Billion by 2028, growing at a CAGR of 5.6% during 2023-2028.
Market Summary:
- Based on the type, the market has been segmented into wallboard, ceiling, pre-decorated, and other types of boards. At present, wallboard is the most widely used product across the globe.
- On the basis of the end use, the market has been classified into residential, corporate, commercial, and institutional sectors. Among these, the residential sector dominates the market.
- Region-wise, Asia Pacific holds the leading position in the market. Other major regions include North America, Western Europe, Eastern Europe, Middle East and Africa, and Central and South America.
- The competitive landscape of the market has been examined, with some of the key players being Beijing New Building Materials Public Limited Company, Compagnie de Saint-Gobain S.A., Etex NV, Knauf Gips KG and Yoshino Gypsum Co. Ltd.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
Benefits of Customization
Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization
Get in Touch With Us
UNITED STATES
Phone: +1-631-791-1145
INDIA
Phone: +91-120-433-0800
UNITED KINGDOM
Phone: +44-753-713-2163
Email: sales@imarcgroup.com
Client Testimonials
The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required
Read More
We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra
Read More
Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.
Read More.webp)
We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.
Read More
The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.
Read More
The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.
Read More
My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.
Read More
I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.
Read More.webp){kind=logo}
We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.
Read More
IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.
Read More