Hence, Global drywall & gypsum board market is expected to grow at 5.95% CAGR during the forecast period.
As per a detailed analysis by Market Research Future (MRFR), the global drywall & gypsum board market is predicted to register a CAGR of 5.95% during the forecast period (2017-2023). The surging construction activities across the globe are likely to contribute to the growth of the market. Gypsum boards are construction materials which are light in weight and are extensively used as ceilings, walls, and for partitions in residential as well as non-residential structures. Often termed as wallboard, drywall, or plasterboard, gypsum boards offer versatility, sound control, convenience, quality, and the presence of mom-combustible core differentiates them from hardboard, plywood, and fiberboard.
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Competitive Analysis
The upgrades in the mining of natural resources are further supporting market expansion advancement. The instabilities in global currency are predicted to become stable and consequently place a beneficial impact on the market. The upturn of investment into physical capital is estimated to underpin the market’s growth in the forecast period. The market is being distinguished by the instrumental forces that are applying an imposing influence. The improvement of substitute raw material resources is likely to further concentrate on the supply demands in the market. The progress in the efficacy of production facilities is buttressing the market’s growth pace in the coming years. Also, inventions in technology are anticipated to exercise a constructive inspiration on the enhancement of the market. The influence of governmental plans is stirring additional evolution of the market. The revivals carried out in the logistic chain are projected to produce favorable possibilities for progress in the coming period.
• Knauf Middle East (Dubai)
• USG Zawawi Drywall LLC SFZ (Oman)
• Global Mining Co. LLC (Oman)
• Gypsemna Co. LLC (Dubai)
• National Gypsum Co. (U.S.)
• Gulf Gypsum Co. (Qatar)
• Lafarge Group (France)
• Etex Group (Belgium)
• Taishan Gypsum Co. (China)
• Saint – Gobain Gyproc India Ltd (India)
• Kingspan Group Plc. (Ireland)
• Yoshino Gypsum Co., Ltd. (Japan.)
• Supress Products, LLC (U.S.)
• Winstone Wallboards Limited (New Zealand)
• Gyptec Iberica (Portugal)
Segmental Analysis
The segmental evaluation of the drywall & gypsum board market has been conducted on the basis of products, end-users, and regions. Based on the product, the drywall & gypsum board market has been segmented into wallboard, pre-decorated board, ceiling board, and others. Based on the end-user, the drywall & gypsum board market has been segmented into non-residential and residential. The regions included in the drywall & gypsum board market are Europe, North America, Asia Pacific, and Rest of the World.
Industry Updates
May 02, 2019: The Gold Bond brand SoundBreak XP Ceiling Board is the latest addition to National Gypsum’s PURPLE family of noise-reducing drywall products. The SoundBreak XP drywall units comprise two pieces of gypsum board which is covered in a specially-designed purple paper and is laminated with a viscoelastic polymer. The boards measure 3/4 inches thick, four feet wide, and features standard lengths of 8 to 10 feet.
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Regional Insights
Considering the global scenario, the drywall & gypsum board market span across regions namely, Asia Pacific, North America, Europe, and the Rest-of-the-World (RoW).
Considering the global scenario, Asia Pacific commands for the largest market share. The regional growth owes to the rapidly booming construction activities which trigger the demand for drywall & gypsum board. In this region, Japan, China, Singapore, and India are considered the major regions are promoting the market’s growth. The high economic growth in this region requires greater commercial and institutional infrastructure spaces which fuel the market’s growth. Moreover, prominent players are shifting their production facilities to cater to high potential markets in this region due to the availability of raw materials and low-cost labor. This has positively influenced the market growth in this region. China being one of the prominent regions, the Chinese government has issues favorable policies to reduce the proportion of down payment for second house loans, which has further helped in the recovery commercial housing market. This will enhance the market growth in the long run.
List of Tables
Table 1 Global Drywall & Gypsum Board Market: by Region, 2017-2023
Table 2 North America Drywall & Gypsum Board Market: by Country, 2017-2023
Table 3 Europe Drywall & Gypsum Board Market: by Country, 2017-2023
Table 4 Asia Pacific Drywall & Gypsum Board Market: by Country, 2017-2023
Table 5 Row Drywall & Gypsum Board Market: by Country, 2017-2023
Table 6 Global Drywall & Gypsum Board Market, by Product, by Regions, 2017-2023
Table 7 North America Drywall & Gypsum Board Market, by Product, by Country, 2017-2023
Table 8 Europe Drywall & Gypsum Board Market, by Product, by Country, 2017-2023
Table 9 Asia Pacific Drywall & Gypsum Board Market by Product, by Country, 2017-2023
Table 10 Row Drywall & Gypsum Board Market by Product, by Country, 2017-2023
Continued……..
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Drywall & Gypsum Board Market Share, by Product, 2016 (%)
Figure 9 Global Drywall & Gypsum Board Market, by Product, 2015-2023 (Usd Million)
Figure 10 Global Drywall & Gypsum Board Market Share, by End-user, 2016 (%)
Continued……
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