Global Gypsum Board Market Expected to Reach USD 1,150 Million by 2026

13-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Gypsum Board Market By Type(Wallboard, Ceiling Board, Movable Partition, Tile Base),  Application (Residential, Industrial, Commercial): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global gypsum board market in 2019 was above USD 800 million. The market is expected to grow above a CAGR of 9% and is anticipated to reach over USD 1,150 million by 2026.

The gypsum board is generally known as wallboard, plasterboard or drywall. It is used in the form of panels are made by gypsum plaster which is pressed by two thick paper sheets. The gypsum board is used as partitions and linings of ceilings, floors, walls, and roofs. Gypsum boards are low cost and easy for installation. Gypsum boards are readily available material. They are fire-resistant and provide smooth finishing. They are durable and lightweight. These convenient characteristics make it an attractive construction material. They are primarily used as an interior surfacing for buildings. Gypsum boards are manufactured in a variety of thicknesses with regular and fire-resistant core materials. The material holds significant potential to replace other conventional building materials including plywood, hard and fiberboard in various residential, commercial and institutional structures owing to their exceptional inherent characteristics.

Browse the full “Gypsum Board Market By Type(Wallboard, Ceiling Board, Movable Partition, Tile Base),  Application (Residential, Industrial, Commercial): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/gypsum-board-market-by-typewallboard-ceiling-board-movable-736

The rapidly growing construction industry is expected to increase demand for gypsum board. Increasing expenditure on residential and non-residential buildings is projected to further drive industry growth. Gypsum board offers a variety of design and textures which increases its application construction. In recent years, the demand for wallboards and ceiling are increasing due to improvement in commercial and residential buildings. Increasing government expenditure in real estate, growing demand for high-class residential homes and increasing urban migration in developed countries are driving the market growth. However, fluctuation in the pricing of raw materials imported from other countries, in terms of tax would restrain the gypsum boards market in the future years. Additionally, gypsum mining regulations may hinder the market growth in the future years. On the other hand, demand for gypsum board has increased in recent years as it offers various features. Construction activities including skyscrapers, shipping ports, shopping malls, airports, and commercial offices will boost the implementation of the gypsum board and can bring lucrative opportunities in the industry.

By type segment, the market is divided into wallboard, ceiling board, movable partition, and tile base. Among these, the wallboard category-held the market with a share of more than 35%, in 2019 and it is expected to grow over the forecast period owing to its use in an interior surfacing of building.

By application segment, the market is divided into residential, industrial, and commercial. In these, the residential category-headed the market in 2019with a share of above 40%, owing to increasing demand for high-class residential homes.

By geography, the Asia Pacific region dominated the market in 2019 attributed to growing construction projects in these regions.

Report Scope

Top key players operating in the market are Panel Rey, USG Mexico, American Gypsum Board, National Gypsum, Beijing New Building Material (Group) Co., Ltd., PABCO Gypsum, Etex Group, Saint-Gobain, TaishanGypsum Board Co., Ltd., Knauf, Baier Group Gypsum Board Decorative Building Materials Department, Yoshino Gypsum Board Co., Ltd., Gypsemna, Georgia-Pacific, Gypsum Board LLC, and others.

This report segments the Gypsum Board market as follows:

Global Gypsum Board Market: By Type Segmentation Analysis

• wallboard
• Ceiling Board
• Movable Partition
• Tile Base

Global Gypsum Board Market: By Application Segmentation Analysis

• Residential
• Industrial
• Commercial

Global Gypsum Board Market: Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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