Global Drywall and Gypsum Board Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Drywall and Gypsum Board Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global drywall and gypsum board market report has been segmented on the basis of product type, application, and region.
Drywall and Gypsum Board Market: Overview
Drywall and gypsum boards are panel products commonly known as wallboard, sheetrock, and plasterboard, used in building construction of interior walls and ceilings. These panel products serve as an excellent fire-resistive building material by offering several advantages such as sound isolation, durability, and ease of installation.
Drywall and Gypsum Board Market: Dynamics
Increasing acceptance of drywall and gypsum board as an alternative to plywood, hardboard and fiberboard owing to its unique properties such as lightweight nature, convenient to carry nature, non-combustible core, and long durability, are some of the major factors expected to propel growth of the global market over the forecast period. Moreover, increasing focus on R&D activities associated with cost reduction in the installation and innovation in products in order to improve the aesthetics of buildings is anticipated to bolster demand for the target product. In addition, rise in focus on environmentally sustainable green building construction materials to reduce carbon emissions rate, increasing infrastructural investments, along with government initiatives and policies to promote energy efficient and sustainable development in developed as well as developing economies are also expected to support growth of the target market.
In March 2018, China National Building Material began gypsum wallboard plant project in East Africa (Tanzania). The project is a part of its contribution in the government’s ‘One bet, one road’ strategy.
Drywall and Gypsum Board Market: Segment Analysis
Global drywall and gypsum market is segmented on the basis of product type, end-use, and geography.
By product type, the global market is segmented into wallboard, ceiling board, and pre-decorated board. Wallboard segment is expected to hold significant share in the market over the forecast period owing to growing application of wallboard in the construction of shops, offices, and malls.
By end-use, the global market is segmented into residential and non-residential. Non-residential segment is expected to grow at a significant rate in the global market.
Drywall and Gypsum Board Market: Regional Analysis
North America contributes major share in terms of revenue in the global drywell and gypsum board market and expected to register a moderate growth rate over the forecast period owing to rapidly growing construction activities and remodeling and restructuring of homes in the region. The Asia Pacific drywall and gypsum board market is expected to grow at a significant rate over the forecast period with the easy availability of raw material and low-cost labor coupled with greater requirement for commercial and institutional infrastructure projects. Moreover, rapid industrialization, increasing disposable Income, and rising spending power of the people has enforced to increase residential construction projects in the region. In addition, Significant investments in the infrastructural sector and partnership between the government and the private companies in developing economies are some of the major factors expected to drive growth of the target market in the Asia Pacific. The Europe accounts for moderate revenue share in the global market and is expected to witness considerable growth over the long run.
Global Drywall and Gypsum Board Market Segmentation:
Segmentation by Product Type:
- Ceiling Board
- Pre-decorated Board
Segmentation by End-user:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- USG Zawawi Drywall LLC SFZ
- Knauf Middle East
- Gypsemna Co. LLC
- National Gypsum Co.
- Etex Group
- Lafarge Group
- Saint - Gobain Gyproc India Ltd
- Taishan Gypsum Co.
- Yoshino Gypsum Co., Ltd.
- Kingspan Group plc.
- Winstone Wallboards Limited
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