Plasterboard Market - Growth Drivers, Opportunities and Forecast Analysis to 2025

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Plasterboard Market – Market Overview

Plasterboard is basically an inner layer of gypsum sandwiched between two outer layers of lining paper including various additives in the gypsum layer and varying the weight and strength of the lining paper, will give the finished board different properties.

One of the most widely-used product in constructing ceiling and wall interiors is plasterboard, also known as gypsum board. Plasterboard has also been known to be the most versatile materials because of its flexibility and its plasticity. Plasterboard is easy to be shaped or moulded to any design. It is a lightweight product which is known for safe, dry & clean construction, easy to transport and to install. This type of construction allows developers to speed up the construction process, contributing to cost effectiveness while providing high quality standard for construction.

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The plasterboard industry has positive outlook due to elevating growth in the construction industries. Rising per capita income and rising trends of safe and sustainable construction are improving the demand for standard, fire-resistant, sound-resistant, and moisture-resistant plasterboards. The market is mainly driven by the demand from the parent industry which in this case is construction. Growth in modern retailing, rise in consumer income & employment, and increase in demand for new construction projects are some of the factors influencing the growth of the plasterboard market. On the other hand, lack of awareness among the end-users of the residential sector, along with lack of availability of plasterboard waste disposable plants, is likely to restrain the market growth in the future.

This report is segmented on the basis of type, edge type, application, and region. The fire-resistant segment, by type, is projected to be the fastest-growing in the plasterboard market during the forecast period. The gradual shift of building contractors and consumers toward cost efficient, eco-friendly, and modern building techniques is creating growth opportunities for the plasterboard market. On the basis of edge type, it is segmented into tapered, rounded, square-edge and others. Moreover, by application, Non-residential sector to gain maximum traction during the forecast period. Geographically, North America has dominated the plasterboard market. Asia-Pacific is expected to become fastest growing market for plasterboard. Emerging countries like China and India has recently seen a significant growth in the plasterboard market due to the expansion of various international player across the region.

Accrediting the colossal growth the Plasterboard market is witnessing currently and the potential the market is demonstrating to accrue pervasively further in the years to come; the Market Research Future has recently published  a meticulous study report giving out the complete market insight up till 2023. This report on global plasterboard market is a quantitative and qualitative analysis of the factors that are expected to influence the demand over the course of next few years. The report also highlights some of the trends of the market that may help the buyers plot their strategic expansion plans on in order to tap new available opportunities. According to research, continuing with the trends the global plasterboard market is projected to perceive an outstanding growth by 2023 registering a striking CAGR during the anticipated period (2017 – 2023). 

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https://www.marketresearchfuture.com/reports/plasterboard-market-1976

Key Players:

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 are some of the prominent players at the forefront of competition in the global Plasterboard market and are profiled in MRFR Analysis.

Plasterboard Market – Competitive Analysis

Plasterboard Market appears to be highly fragmented and competitive owning to the presence of numerous large and small players active in regional market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position. 

Industry/ Innovation/ Related News:

October 2013, Boral Limited and USG Corporation, entered into strategic joint venture to create a world-leading building business (plasterboard & ceilings). The transaction is a major step forward for Boral and our vision is to create a world-leading interior linings business in Asia, Australasia and the Middle East.

May 21, 2017, USG Boral will build a new plasterboard plant at an estimated cost of Rs 300 crore in South India.

Plasterboard Market – Segments

For the convenience of the report and enhanced understanding; The Plasterboard Market is segmented in to 4key dynamics

Segmentation by Type- Insulated, Damp Proof, Moisture Resistant, Sound Insulation, Fire resistant, and Others

Segmentation by Edge Type- Tapered, Rounded, Square-Edge, Others

Segmentation by Application- Residential and Non-Residential

Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Plasterboard Market – Regional Analysis

The global plasterboard market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America is dominating the market followed by Europe. Asia Pacific is expected to grow the market in the forecasted period. The growth of construction activities in the region as well as population in China, Indonesia, and India are driving the growth of the Asia-Pacific plasterboard market.

 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

 

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