The global plasterboard market size is projected to expand at a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the emergence of environment friendly building materials and technologies, as well as the increasing demand for new and renovated construction projects.
Plasterboard is mostly an internal layer of gypsum sandwiched between two external covering papers. Various additives are added to the gypsum layer and the additives weight and strength of the covering paper are changed at the same time. Extrude between thick liners and paper backings that are often used in interior walls and ceilings.
It is used for partitions and wall cladding, ceilings, and floors. The performance of drywall can be modified according to specific requirements, such as fire resistance, moisture resistance, and impact resistance. The cladding that gives the frame various properties, such as in bathrooms and kitchens, depends on various additives added to the finished gypsum board.
Depending on the application, drywall offers different panel sizes and thicknesses. Drywall is used to create partitions and siding, including indoor ceilings, floors, and walls supports the plaster of Paris between the thick slabs. It is used to maintain the building's resistance to fire, fungus, and other conditions.
One of the main driving forces for the growth of the gypsum board market is the acceleration of industrialization and urbanization, and the customer base uses durable and resistant materials for construction.
The Covid-19 pandemic affected the demand and supply of global plasterboard market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing disposable income and rising demand for luxury houses is projected to boost the market during the forecast period.
- Rapid growth of the construction industry is major factors fueling the market in the coming years.
- Growing concerns for eco-friendly products and safe bio-based products for construction is anticipated to drive the market during the forecast period.
- Lack of adoption of plasterboard and preference for traditional methods by end-users due to water contact and need for replacement of plasterboards is projected to restrict the market growth.
- Lack of awareness among end-users about the recyclability and lack of availability of high quality eco-friendly plasterboard act as major challenges that can hamper the market growth during the forecast period.
- R&D investment and development of eco-friendly and high performance plasterboard is expected to offer significant opportunities for the market players.
Scope of Plasterboard Market Report
The report on the global plasterboard market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes
|
Details
|
|
Report Title
|
Plasterboard Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
|
Base Year
|
2020
|
|
Historic Data
|
2018–2019
|
|
Forecast Period
|
2021–2028
|
|
Segmentation
|
Form (Square-edge and Tapered), Types (Damp-proof Plasterboard, Fire-resistant Plasterboard, Impact-resistant Plasterboard, Insulated Plasterboard, Moisture-resistant Plasterboard, Sound-insulated Plasterboard, Standard Plasterboard, and Thermal Plasterboard), and End Users (Residential and Non-residential)
|
|
Regional Scope
|
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
|
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
|
Key Players Covered in the Report
|
National Gypsum Services Company; Georgia-Pacific Company; Etex Company; AWI Licensing LLC; and Saint-Gobain
|
Plasterboard Market Segment Insights
The tapered segment is projected to hold a major market share
On the basis of forms, the plasterboard market is bifurcated into square-edge and tapered.
The tapered segment is expected to hold a key share of the market during the forecast period owing to clean and short set up of tapered plasterboard. Developed countries have a high demand for tapered-edged plasterboard as compared to that of developing countries. Tapered facet plasterboard is generally used for partitions and capabilities a narrower facet profile, making it appropriate for jointing or skimming.
The standard plasterboard segment is expected to expand at a rapid pace
Based on types, the plasterboard market is divided into fire-resistant plasterboard, moisture-resistant plasterboard, impact-resistant plasterboard, damp-proof plasterboard, insulated plasterboard, sound-insulated plasterboard, standard plasterboard, and thermal plasterboard.
The standard plasterboard segment is expected to hold a key share of the market during the forecast period. Increasing number of new residential and non-residential buildings, and low price of standard plasterboard, which is also known as the maximum due to its flexibility and plasticity the market for plasterboard is growing. Gypsum board is easy to shape. It is easy to assemble gypsum board of any design and they are lightweight and safe to use, reducing the risk of injury.
The residential segment is anticipated to expand at a significant CAGR
In terms of applications, the plasterboard market is bifurcated into residential and non-residential.
The residential segment is expected to hold a key share of the market during the forecast period owing to growing middle-class population and rising disposable income. Due to the expansion of the real estate market in China and India, the Asia-Pacific region is expected to experience the utmost growth.
The Asia-Pacific region has the main low-cost housing segment, led by China, India and Southeast Asian countries. Due to the increasing middle class and housing construction, as well as government initiatives and investments, it is expected that the demand for plasterboard in residential construction to increase during the forecast period.
Asia Pacific is anticipated to dominate the market
On the basis of regions, the plasterboard market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.
Asia Pacific is anticipated to dominate the market during the forecast period. China is the economy with the largest gross domestic product. The country’s growth rate is still very high, but as the population ages and the economy shifts from investment to consumption, from production to services, and from abroad to domestic, the growth rate is gradually decreasing.
The cost of construction products is expected to increase by about 14%. Despite unstable growth of the real estate industry, the Chinese government has substantially expanded railway and highway infrastructure in response to growing service industries. The government also launched the 2014-2020 China reconstruction projects to provide social housing for migrants and expand existing urban facilities in large cities. It is estimated that the affordability of affordable housing in India may increase by about 70% during forecast period.
Segments
The global plasterboard market has been segmented on the basis of
Forms
Types
- Damp-proof Plasterboard
- Fire-resistant Plasterboard
- Impact-resistant Plasterboard
- Insulated Plasterboard
- Moisture-resistant Plasterboard
- Sound-insulated Plasterboard
- Standard Plasterboard
- Thermal Plasterboard
End Users
- Residential
- Non-residential
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the plasterboard market include National Gypsum Services Company; Georgia-Pacific Company; Etex Company; AWI Licensing LLC; and Saint-Gobain
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
Request For Customization
Enquiry Before Buying
Speak With Analyst
