As per the report presented by Market Research Future (MRFR), the global gypsum board market is expected to exhibit moderate growth over the forecast period. The market is anticipated to reach a decent valuation over 2021. The expansion of the global market is primarily attributable to the growth of the construction sector.
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Residential application of gypsum board is forecasted to have a major impact on the growth of the market in the forthcoming years. These boards are extensively used for decoration. Easy installation fireproof properties are expected to drive the growth of the gypsum board market in the foreseeable future. Other factors such as population explosion, rapid industrialization, etc. are likely to benefit the expansion of the market. On the flip side, price volatility of raw materials and prone to water damage factors are poised to check the expansion of the market in the upcoming years.
Competitive Dashboard:
Some of the key players with a fair share in the market share analysis are –
- American Gypsum
- Georgia-Pacific
- Certainteed
- National Gypsum
- Knauf Dubai
- Pabco Gypsum
- Etex Group
- Taishan Gypsum
- Gulf Gypsum
- Lafarge
Market Segmentation:
By type, the global gypsum board market has been segmented into regular gypsum board and type x gypsum board.
By applications, the gypsum board market has been segmented into residential, institutional, commercial and others.
By product, the global gypsum board market has been segmented into gypsum wallboard and gypsum ceiling board.
Regional Analysis:
The geographical assessment of the global gypsum board market spans across North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). North America is expected to have a substantial share in the global market owing to revamp activities being undertaken in the construction industry of the region. The U.S. is anticipated to exhibit rapid developments over the next couple of years. Asia Pacific signifies strong developmental opportunities. The elevation in the standard of living and rising disposable income has led to an increase in economic activities in the construction sector. It is further forecasted to have a favorable impact on the growth of the gypsum board market in the years to come. China is likely to drive the growth of the regional gypsum market in the upcoming years owing to rising investments and increasing infrastructural projects.
Study Objectives of Gypsum Board Market
- To provide detailed analysis of the market structure along with forecast for the next 5 years of various segments and sub-segments of the Global Gypsum Board Market
- To provide insights about factors affecting the market growth
- To analyze the Global Gypsum Board Market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (ROW)
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by types, products and application.
- To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Gypsum Board Market
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