Global Gypsum Board Market Information by type (Regular Gypsum Board and Type X Gypsum Board), by applications (residential, institutional, commercial and others) and by product (gypsum wallboard and gypsum ceiling board) – Forecast to 2021
According to a recent study report published by the Market Research Future, The global Market of Gypsum Board is booming and expected to gain prominence over the forecast period. Globally, the market for Gypsum Board has been rising up owing to the augmented construction activity, particularly in rebuild and renovation, with its associated growth in plasterboard demand. Hence, the global market of Gypsum Board is forecasted to demonstrate a spectacular growth by 2021, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017– 2021).
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The global Gypsum board market has seen a phenomenal growth over the past few years and it has been expected that the global market would see a significant growth during the forecast period. This growth can be attributed to the growing market for application segment all across the globe. In this modern era, the technology has reformed in the construction sector where the demand for Gypsum board has attracted the manufacturers as well as contractors. Over the decade, the construction business is on its peak point and has created an ample amount of growth opportunities in the market. Emerging economies are increasing their spending particularly on infrastructure. Additionally, the rapid urbanization, growing residential sector, several benefits of Gypsum board are the major key driving factors. Geographically, APAC is expected to lead the global market followed by North America and Europe.
The rapid urbanization and increasing spending on construction section is one of the major driver as well as growing trend in the current market particularly in Asia-Pacific and Middle East and Africa. The demand for residential properties is these regions has increased immensely which has made the construction business very profitable however this aspects will help in expanding Gypsum board across the nations.
Global Gypsum Board Market – Competitive Analysis
Characterized by the presence of several well-established and small players, the global Market of Gypsum Board appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. Vendors are focusing on improving their market performance and are expanding by acquiring promising companies in the fast-growing markets like India, China, Indonesia, Brazil, and South Africa. Marketers employ a continuous improvement strategy to analyze and update products, implementing improvements and launching new technologies to meet the changing needs of consumer. The market is expected to witness the entry of several new players who are technologically advanced and will capture a major portion of fast moving market of Gypsum Board in the coming years.
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The leading market players in the global gypsum board market include
- American Gypsum
- National Gypsum
- Pabco Gypsum
- Knauf Dubai
- Etex Group
- Gulf Gypsum
- Taishan Gypsum
Global Gypsum Board Market – Segmentation
The Gypsum BoardMarket can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Type : Comprises Regular Gypsum Board and Type X Gypsum Board and others.
Segmentation By Applications : Comprises residential, institutional, commercial and others.
Segmentation By Product : Comprises Gypsum wallboard and Gypsum ceiling board and others.
Segmentation By Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
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Global Gypsum Board Market – Regional Analysis
The global Roasted Snackmarket is segmented into North America, Europe, APAC, and Rest of the World (RoW). In the US, most of the Gypsum consumed is used in wallboard. Same I the case for Western Europe, but for much of the world, the picture is quite different. Although growing speedily, in developing countries such as China and India, dry construction is still in its nascent stage. Alternatively, huge investments in infrastructure have led to booming markets in cement. Much of the developed world, such as southern Europe, is somewhere between the two extremes. Population growth is dramatic in many developing countries, particularly India and China, and represents a major driver in Gypsum consumption. Not only does large-scale industrialisation create a need for rapid improvements in infrastructure, but increasingly prosperous population demands higher-quality housing and better living conditions. On average, developing countries use large amounts of cement and much less plasterboard. That ratio tends to change with the maturity of the market as infrastructure spend declines and housing becomes more important. The global Gypsum board market is poised to reach to astronomical amounts in 2021, with a considerable CAGR during the forecasted period.
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