Gypsum boards are lightweight construction materials that are widely being used as walls, ceilings and for partitions in interiors or exteriors of residential or non-residential structures. They are often called drywall, wallboard or plasterboard and can be directly attached to wood and metal framing or existing surfaces using screws, nails or adhesives. Gypsum boards provide sound control, versatility, quality, convenience and their non-combustible core makes them different from plywood, hardboard and fiberboard. Thus, they have become prevalent and are serving as a speedier alternative to traditional lath and plaster. A new research report by IMARC Group, titled “Gypsum Board Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, estimates that the market was worth US$ 23.7 Billion in 2019. The report further anticipates the market to reach a value of US$ 32.9 Billion by 2025, at a projected CAGR of 5.6% over the forecast period.
The demand for gypsum boards is directly related to the growth of the construction sector, especially the commercial and the housing sectors. Currently, the Asia Pacific represents the world’s largest market for gypsum boards followed by North America and Europe. Factors like-strong recovery in building construction spending in both developed and emerging markets, increasing demand for quality housing and better living conditions, large scale industrialization, and supporting government policies in major markets are expected to drive this market in the short and medium terms.
This report provides a deep insight into the global gypsum board industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a gypsum board manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the gypsum board industry in any manner.
The following are the key questions answered by this report:
The global gypsum board market was worth US$ 23.7 Billion in 2019.
The global gypsum board market exhibited a CAGR of 5.80% during 2014-2019.
The growing awareness regarding environment-friendly and safer construction materials has escalated the demand for gypsum boards in retrofitting and renovation applications. A gradual transition from traditional to innovative architectural designs has also encouraged end-users to shift toward gypsum boards.
The introduction of durable panels with improved sag resistance represents one of the significant market trends. Besides this, manufacturers have launched innovative products, such as air-purifying and sound-reducing gypsum boards, containing a viscoelastic polymer middle layer between two specially formulated thin layers.
Due to the outbreak of the coronavirus disease (COVID-19), construction activities across the world have come to a halt. This has created a negative impact on the demand for gypsum boards.
The global gypsum board market is expected to reach US$ 32.9 Billion by 2025.
Based on the product type, the market has been categorized into wall, ceiling, pre-decorated and other boards. At present, wallboards are the most widely used type of gypsum board across the globe.
On the basis of the end use, the residential sector currently dominates the market, followed by the corporate, commercial and institutional sectors.
Region-wise, Asia Pacific holds the leading position in the market. Other major markets are North America, Western Europe, Eastern Europe, Middle East and Africa, Central and South America.
The leading key players operative in the industry are Beijing New Building Material (BNBM) Group Co., Ltd., Compagnie de Saint-Gobain S.A., Knauf Gips KG, Etex SA/NV, USG Boral Products Pty Limited and Yoshino Gypsum Co. Ltd.
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