According to IMARC Group’s latest report, titled “Gypsum Board Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global gypsum board market size reached 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.
Gypsum boards represent the lightweight construction materials that are widely being used as ceilings, walls, and for partitions in the exteriors or interiors of residential or non-residential structures. They are often referred to as drywall, wallboard, or plasterboard and can be directly attached to metal and wood framing or existing surfaces using nails, screws, or adhesives. Gypsum boards provide versatility, quality, sound control, and convenience, and their non-combustible core makes them different from hardboard, plywood, and fiberboard. As a result, these construction materials find widespread applications as a speedier alternative to traditional plaster and lath.
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Global Gypsum Board Market Trends:
The expanding construction industry across the globe, the escalating demand for quality housing and more suitable living conditions, and the emerging trend of large-scale industrialization are among the primary factors driving the gypsum board market. Besides this, the elevating product requirement as a covering material for interior ceilings and walls and as a tile backer in limited wetting areas, such as the water closet, basement, bathroom, kitchen, laundry, and utility rooms, is further augmenting the market growth. Moreover, the growing popularity of gypsum board in sustainable and low-cost construction, as it is a recyclable, green building material, owing to the rising environmental concerns, is also catalyzing the global market. Apart from this, the launch of several policies by the government bodies to promote infrastructural development across countries is acting as another significant growth-inducing factor. Furthermore, the leading manufacturers have launched innovative products, such as air-purifying and sound-reducing construction materials that contain a viscoelastic polymer middle layer between two specially formulated thin layers, which is expected to bolster the gypsum board market in the coming years.
Gypsum Board Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the gypsum board market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Beijing New Building Material (BNBM) Group Corporation Limited
- Compagnie de Saint-Gobain S.A
- Knauf Gips KG
- Etex SA/NV
- USG Boral Products Pty Limited
- Yoshino Gypsum Corporation Limited
Key Market Segmentation:
The report has segmented the gypsum board market on the basis of type, end-use and region.
Breakup by type:
- wallboard
- ceiling
- pre-decorated
Breakup by region:
- residential
- corporate
- commercial
- institutional sectors
Breakup by Region:
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
- Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, South Africa and Others)
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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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