Global Plasterboard Market is predicted to reach USD 23.27 billion at a CAGR of 5.90% during the forecast period

Pune, India,  December, 2017/MRFR Press Release/- Market Research Future Published a Half Cooked Research “Global Plasterboard Market Research Report - Forecast to 2030” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2030.    


Market Research Future (MRFR) has published a cooked research report on the “Global Plasterboard Market” that contains information from 2023 to 2032. The Global Plasterboard Market is estimated to register a CAGR of 5.90% during the forecast period of 2023 to 2032.


MRFR recognizes the following companies as the key players in the Global Plasterboard Market— Armstrong World Industries Inc., Etex Group, Saint-Gobain SA, Gypsum Management and Supply Inc., USG Corporation, Georgia Pacific LLC, Boral Limited, KNAUF Gips KG, and Fletcher Building Limited.


Market Highlights


The Global Plasterboard Market is accounted to register a CAGR of 5.90% during the forecast period and is estimated to reach USD 23.27 Billion by 2032.


The Global Plasterboard Market refers to the worldwide demand, supply, production, distribution, and consumption of plasterboard, which is also known as drywall or gypsum board. Plasterboard is a building material used in construction and interior design for creating walls, ceilings, and partitions.


The global plasterboard market is influenced by factors such as urbanization, population growth, housing demand, infrastructural development, renovation and remodeling activities, and environmental regulations. Market research and analysis of the global plasterboard market involve studying factors like market size, growth projections, demand and supply patterns, competitive landscape, regulatory environment, and emerging trends in design and construction methods.


Segment Analysis


The Global Plasterboard Market has been segmented based on form, type and end use.


On the basis of form, the market is segmented into Square-Edged and Tapered-Edged. The square-edged segment dominated the market due to its versatility in installation, cost-effectiveness, familiarity with the industry, and compatibility with various finishing techniques. 


Based on type, the market has been segmented into Fire-Resistant Plasterboard, Impact-Resistant Plasterboard and Insulated Plasterboard. The fire-resistant plasterboard segment dominated the market due to the increasing focus on fire safety regulations and the need for reliable fire protection in buildings.


Based on end use, the market has been segmented into Residential and Non-Residential. The residential segment dominated the market due to the continuous demand for housing, its versatility and aesthetics, its thermal and acoustic insulation properties, suitability for renovation projects, and cost-effectiveness in residential construction.


Regional Analysis


The Global Plasterboard Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Plasterboard Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Plasterboard Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Global Plasterboard Market comprises of Middle East, Africa, and Latin America.


The North American plasterboard market is mature, with a focus on renovation and remodeling activities in addition to new construction. Increasing adoption of eco-friendly and lightweight gypsum board, as well as advanced acoustic and fire-resistant products.


Europe is a significant consumer of plasterboard, with a mix of new construction and renovation projects. It drive’s High-quality construction standards, focus on energy-efficient buildings, and strict fire safety regulations contribute to plasterboard demand.


The Asia-Pacific region experiences rapid urbanization and infrastructural development, resulting in substantial plasterboard demand. Adoption of cost-effective and lightweight plasterboard solutions, increased focus on earthquake-resistant construction methods. Maintaining quality standards, addressing environmental concerns related to gypsum mining.


Furthermore, the rest of the world's Global Plasterboard Market is divided into the Middle East, Africa, and Latin America. Latin America witnesses a mix of residential and commercial construction projects. Adoption of modern construction methods, growing awareness of fire safety and acoustic insulation.


Key Findings of the Study



  • The Global Plasterboard Market is expected to reach USD 23.27 Billion by 2032, at a CAGR of 5.90% during the forecast period.

  • The Asia-Pacific region experiences rapid urbanization and infrastructural development, resulting in substantial plasterboard demand. Adoption of cost-effective and lightweight plasterboard solutions, increased focus on earthquake-resistant construction methods. Maintaining quality standards, addressing environmental concerns related to gypsum mining.

  • Based on type, the market has been segmented into Fire-Resistant Plasterboard holding the largest market in 2022.

  • Armstrong World Industries Inc., Etex Group, Saint-Gobain SA, Gypsum Management and Supply Inc., USG Corporation, Georgia Pacific LLC, Boral Limited, KNAUF Gips KG, and Fletcher Building Limited.


 


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Report details
Base Year 2017
Companies Covered 15
Pages 107
Certified Global Research Member
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