Worldwide Gypsum Board Market Trend 2018-2021: Key Findings, Future Demand, Regional Analysis, Key Players Update and Future Prospects

Worldwide Gypsum Board Market Trend
Gypsum Board Market Information by type (Regular Gypsum Board and Type X Gypsum Board), applications (residential, institutional, commercial and others) and product (gypsum wallboard and gypsum ceiling board) – Forecast to 2021

Market Overview:

The future of the construction industry holds good opportunities in residential, non-residential, and infrastructure applications. Increasing housing activities and growing infrastructure projects due to increasing urbanization and growing population are the major drivers for the growth of this market. Availability of innovative construction solutions that are durable and require low maintenance is expected to impact the market favorably. The increase in the new construction start-ups in the recent years is leading to the increase in demand for the overall gypsum board market. Moreover, increase in home improvement and renovation projects is creating huge opportunities for the growth of the global gypsum board market. The changing consumer preferences and increase in disposable income of consumers are leading to an increasing adoption of innovative building solutions. Development of hassle-free installation techniques and the growing demand for environmentally sustainable products is also expected to generate growth opportunities for the gypsum board market.

Dry construction includes the use of dry materials, such as gypsum board, wallboard, metal supports, stone wool, and plywood, for construction instead of bricks, concrete, or plaster. It also offers numerous advantages over wet construction practices, such as ease of installation, reduction in construction time, better thermal and sound insulation, moisture resistance, and fire safety. These dry construction materials installed on metal structures for interior and exterior wall purposes and reduces the construction time up to 50%. Furthermore, several environmental and energy saving benefits provided by dry construction are motivating builders and homebuyers to adopt them.

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Type X gypsum board is a type of gypsum board wherein the core is reinforced by adding fibers in order to increase the strength and incorporating fire resistance properties. Increasing FDI in construction in Asia-Pacific region, supportive government regulations and policies, increasing number of construction projects, and preference to dry construction methods are expected to have a positive impact on the Type X gypsum board market. However the market growth is hampered by fluctuating raw material prices, and unavailability of skilled labor.

Accrediting the colossal growth the Gypsum board 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 2021. This report on global gypsum board 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 gypsum board market is projected to perceive an outstanding growth by 2021 registering a striking CAGR during the anticipated period (2017 – 2021).

Competitive Analysis:

Gypsum board 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.

American Gypsum, Certainteed, Georgia-Pacific, National Gypsum, Pabco Gypsum, Knauf Dubai, Etex Group, Gulf Gypsum, Taishan Gypsum, Lafarge and others are some of the prominent players at the forefront of competition in the global Gypsum board market and are profiled in MRFR Analysis.

Industry/ Innovation/ Related News:

In 2015: Saint Gobain Gyproc, the gypsum business unit of Saint-Gobain Group of France, will set up a new manufacturing plant in India with an investment of 400 crore.

June 28, 2017: Saint-Gobain India Pvt. Ltd – Gyproc business launches Habito, an innovative solution in the gypsum board space.

In February 2018, Georgia-Pacific Gypsum has announced the new DensDeck Prime Roof Board which has EONIC Technology. This new roof board has the ability to offer enhanced protection to roof against water.

Market Segments:

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

Segmentation by Type- Regular Gypsum Board and Type X Gypsum Board

Segmentation by product – Gypsum wallboard and Gypsum ceiling board

Segmentation by Application- Residential, Institutional, Commercial and Others

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

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Regional Analysis:

The global gypsum board market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Asia Pacific is dominating the market followed by North America and Europe. 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 gypsum board market.

China is one of the leading markets in the Asia-Pacific region. Growing industrialization and increased population, fuel the demand of residential houses. Moreover, the Chinese government issued several favorable policies for lowering the proportion of down payment for second house loans and exempting of sales tax for ordinary housing, which helped the recovery of commercial housing market. Additionally, the rising demand for eco-friendly & sustainable construction and government support, fuel the demand of prefabricated modules in the high-rise buildings market in the region.

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