Gypsum boards are light weight 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 2019-2024”, estimates that the market was worth US$ 22.4 Billion in 2018. The report further anticipates the market to reach a value of US$ 31.7 Billion by 2024, at a projected CAGR of 5.8% 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:
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