ID: MRFR/CO/1444-HCR | February 2021 | Region: Global | 107 pages
Plasterboard Market overview
Plasterboard market is projected to be worth USD 36.21 Billion by 2027
This report contains all the information on the global plasterboard market research and market strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the global plasterboard market analysis and forecast to 2027 is also included in the report.
According to the reports, on the basis of region, the global plasterboard market is segmented into North America, Asia-pacific, Europe, and the rest of the world. North America region accounts for the largest plasterboard market share in the year 2018 and it is predicted to dominate the market by the end of the year 2025. The Asia-pacific region is predicted to witness significant growth during the forecast period. Developing countries such as India and China have seen magnificent growth recently in the global plasterboard market revenue due to the expansion of several international players around this region. Additionally, the increasing economy and rapid growth in industrialization are adding fuel to the growth of the plasterboard market.
The global plasterboard industry is highly competitive and fragmented due to the presence of several small and large active players in the regional market. The major key strategies of these players launching new advanced products, partnership & agreement, expansion, and acquisition to strenth their roots in the global market.
Major Key Players
Covid 19 Analysis
The outbreak of the global pandemic covid 19 is expected to bring different long-term and short-term consequences in the global construction industries and plaster industries. According to the reports of The Association General Contractor of America (AGC), there was disruption to ongoing works due to complete lockdown, and several projects were canceled, the pandemic has led to less demand for non-essential projects such as entertainment, offices, and sports facilities. Furthermost, the overall growth of the plasterboard sector is likely to be affected temporarily due to covid 19.
Saint-Gobain has announced an investment of about $25 million in its plasterboard plant in Fredrikstad, Norway with an aim to increase its production capacity by 40% and transform the same to make it the world’s first carbon-neutral plasterboard plant. This investment has been supported by the Norwegian Government Agency Enova. The new facility is predicted to be operational sometime in early 2023.
The involvement of high costs in launching new products and strict regulations of the government can be considered as a major challenge for the growth of the global plasterboard market.
Cumulative Growth Analysis
The global plasterboard market outlook is predicted to witness substantial growth due to its high demand in the Asia Pacific region along with that the emergence of environmentally friendly techniques of construction is also adding fuel to the growth of the global plasterboard market. Increasing modern retailing, increase in per capita income and employment opportunities, rising demand for new construction projects are some of the other major factors that are influencing the growth of this market.
Value Chain Analysis
According to the latest research report,, the global plasterboard market is segmented on the basis of form, type, end-user industry, and region. Based on form, the global plasterboard market is further segmented into square-edged and tapered-edged. The tapered-edged segment is predicted to register the highest CAGR due to its easy maintenance and low cost of installation. On the basis of type, the global plasterboard market is segmented into damp-proof plasterboard, fire-resistant plasterboard, impact-resistant plasterboard, insulated plasterboard, moisture-resistant plasterboard, sound-insulated plasterboard, standard plasterboard, and thermal plasterboard. The fire resistance segment is likely to hold the maximum plasterboard share in the global plasterboard market due to rising concerns about safety and stringent government regulation to safe construction of shopping malls and offices.
On the basis of end-users, the global plasterboard market has been further distributed into residential and non-residential. The non-residential segment is expected to hold a higher share as compared to the residential share due to its quick and easy installation and flexible architecture.
The market is segmented on the basis of the form, type, end-user industry, and region. The global plasterboard market is expected to witness decent growth during the forecast period.
Based on the propulsion types, the market is segmented into residential and non-residential
Plasterboard is building material which is widely used to make interior wall and ceilings on the majority of commercial building and residential buildings today. These plasterboards are made up of gypsum core covered on both sides by massive paper. It creates a smooth finish around the widest ceiling or walls, and after painting the wall appears seamless.
The global market for plasterboard is expected to witness substantial growth in the last few years due to the rise in demand for plasterboard in the construction industry and from the end-user industries. There are several other factors including the growth of the construction industry, several, initiatives of the government for an eco–friendly environment, and no availability of recycling construction materials, these are major driving factors of global plasterboard market growth. An increase in preferences of dry techniques of construction as compared to wet construction methods is adding fuel to the overall growth of the global market. Furthermost, stringent regulations of governments of emerging countries to rise the real-estate industries and their infrastructure is leading towards the growth of the construction industries and ultimately the plasterboard industry as well. The increased numbers of construction projects in several developing countries are likely to create several opportunities for the major key player’s in the market to strengthen their roots in the global plasterboard market.
According to the latest research report, the global plasterboard market is projected to be worth USD 36.21 Billion by 2027, registering a CAGR of 5.9% during the forecast period (2021 - 2027), The market was valued at USD 22.58 billion in 2020.
|Market Size||2027: USD 36.21 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Form, Type|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Armstrong World Industries Inc. (US), Etex Group (Belgium), Saint-Gobain SA (France), Gypsum Management and Supply, Inc. (the US), USG Corporation (US), Georgia Pacific LLC (US), Boral Limited (Australia), KNAUF Gips KG (Germany), Fletcher Building Limited (New Zealand), LafargeHolcim Ltd (Switzerland), and National Gypsum Company (US), Associated Tube Group (Canada), EVRAZ PLC (Russia), Marmon/Keystone Canada Inc. (US), Sandvik AB (Sweden), Tenaris SA (US), WELDED TUBE OF CANADA CORP. (US), and Welded Tubes, Inc. (US)|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The global Plasterboard Market is projected to be worth USD 36.21 Billion by 2027
The global Plasterboard market CAGR would be 5.9% during the forecast period of 2020-2027.
The global plasterboard market is highly driven by the rising preferences for durable and low-cost materials of construction. The rising popularity of plasterboards due to their easy installation among the end-users is adding fuel to the growth of the global plasterboard market. The increasing preference for sustainable methods of construction over traditional methods by the companies will further favor the global plasterboard market