Plasterboard Market Overview:
The plasterboard market will be valued at USD22,633.80 Million by 2030, garnering a considerable growth rate from 2020 to 2027, reveals Market Research Future in an illustrated report on the same market.
The report includes drivers such as burgeoning building and construction industries, and limited or no option for recycling construction materials among others. It has stressed segments and provided an in-detail analysis of segments for an effective prediction of the market in the coming years. Residential application across the globe is experiencing a surge as rising per capita has also increased which is contributing the most in taking the market forward. Furthermore, plasterboard’s insulation ability, moisture resistance, and sound insulation are properties that is spurring the sale of Plasterboard Market .
Segmentation:
The global plasterboard market can be segmented by type, edge type, and application.
Type-wise, the plasterboard market can be segmented into insulated, damp-proof, moisture-resistant, sound insulation, fire-resistant, and others. Fire resistant products are gaining traction, and their sale is rapidly increasing.
Based on edge type, the plasterboard market can be segmented into the tapered, rounded, square edge, and others.
Based on application, the plasterboard market includes residential and non-residential. The non-residential segment is currently drawing in substantial revenue.
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Regional Analysis:
Geographic analysis of the plasterboard market includes namely North America, Europe, Asia Pacific, and Rest-of-the-World (RoW).
The plasterboard market was getting dominated by North America so far, and the situation won’t change in coming years as well. The region has cemented its place well in plasterboard market by earning handsome revenue. Technological superiority and growing demand for eco-friendly construction material are driving the regional market ahead.
The APAC region is witnessing an unprecedented boost in recent years. The plasterboard market in the region is all set to record the fastest CAGR during the forecast period. India and China, two emerging economies, are playing a crucial role in taking the region ahead. This can be attributed to the international players who have shown considerable interest in including the region within their territorial boundary. The market is getting further thrust from booming industries across verticals. Governments are also easing up norms in order to give new entrants access to the market and to simplify the process of new product launches.
Market Insight:
The market has a lot of opportunities, and new entrants can find it well-suited for their benefits. However, the competition is intense, and the plasterboard market is witnessing companies taking strategic decisions such as a merger, collaboration, and others for a better foothold. This can also be considered as a means to better the prospect of the plasterboard market. For instance, Knauf Insulation is planning to merge its business with USG Corporation and Armstrong World Industries Pty Ltd to better its prospect in the Australian plasterboard market. Saint-Gobain, on the other hand, is setting up its fourth gypsum-based plasterboard manufacturing unit in India to expand its business portfolio.
The key players of the global plasterboard market report include Gyprock, Knauf Insulation, BGC Plasterboard, Beijing New Building Material (Group) Co., Ltd., Boral Limited, Chiyoda UTE Co., Ltd., PT Siam-Indo Gypsum Industry, Saint-Gobain, Lafarge, Etex, National Gypsum Company Properties, LLC and Yoshino Gypsum Co., Ltd.
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