As per this study the Global Gypsum Board Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%. By volume, the market was estimated XX billion square meters in 2019 and is expected to reach XX billion square meters by 2026 with a CAGR of XX%.
Gypsum board is the building material used in the construction of interior and exterior wall, ceiling, and partitions. It is alternatively known as drywall, wallboard, grprock, gypsum panel or plasterboard. It consists of gypsum plaster layer that is sandwiched between the two paper layers. Advantages of gypsum board are fire resistance, sound isolation, easy installation, versatility and durable.
The rising investment in the construction sector is driving the market growth. Rising adoption of gypsum boards for decorative purpose owing to lightweight, fire resistance, the durable building material is fueling the growth of gypsum board market. Moreover, rise in disposable income, improvement in living standard and increase spending on home refurbishment to enhance room décor is also contributing significantly in the market growth. On the other hand, fluctuating raw material prices is likely to restrain the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of gypsum board.
The broad gypsum board market has been sub-grouped into product type and end-use. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product Type
- Wall Board
- Ceiling Board
- Pre-Decorated Boards
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for gypsum board in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Gypsum Board Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the gypsum board market include BNBM Group, Etex, Knauf, Saint-Gobain, USG Boral and Yoshino among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.