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The global gypsum board market reached a value of US$ 26.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 37.7 Billion by 2027, exhibiting a CAGR of 5.73% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
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.
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 global gypsum board market was valued at US$ 26.9 Billion in 2021.
We expect the global gypsum board market to exhibit a CAGR of 5.73% during 2022-2027.
The expanding construction sector, along with the rising demand for safer, environment-friendly, air
purifying, and sound-reducing gypsum boards, is primarily driving the global gypsum board market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across several nations resulting in temporary halt in numerous construction
activities, thereby negatively impacting the demand for gypsum board.
Based on the product type, the global gypsum board market has been segmented into wallboard,
ceiling board, pre-decorated board, and others. Among these, wallboard represents the largest
Based on the end use, the global gypsum board market can be bifurcated into residential, corporate,
commercial, and institutional. Currently, the residential sector accounts for the majority of the total
On a regional level, the market has been classified into North America, Asia Pacific, Western Europe,
Eastern Europe, Middle East and Africa, and Central and South America, where Asia Pacific currently
dominates the global market.
Some of the major players in the global gypsum board market include 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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