The global gypsum board market size is expected to reach USD 109.95 billion by 2028 registering a CAGR of 11.8%, according to a new report by Grand View Research Inc. Increasing utilization of gypsum boards in decorative and partitioning applications in residential constructions is anticipated to drive the market over the forecast period. Rise in the construction industry across the globe is likely to provide growth opportunities to the market. The product demand is also driven by the residential sector, wherein, it is widely used for room partitioning.
These
products are available in the form of wallboards, ceiling boards, pre-decorated
boards, etc., which also boosts their demand in the construction application.
Moreover, high durability and low weight of the product coupled with easy handling
measures have propelled its demand in commercial, institutional, and industrial
facilities for impact & mold resistance, exterior sheathing, and shaft wall
constructions. Moreover, the availability of decorative designs on the boards
is likely to support the growth over the forecast period. The U.S.
Environmental Protection Agency (EPA) has approved the use of Flue Gas
Desulphurization (FGD) Gypsum as a substitute to mined gypsum for the
production of wallboards.
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Gypsum Board
Market Report Highlights
- The wallboard
segment led the global market in 2020 and will expand at a steady CAGR
over the projected period owing to the wide utilization of wallboards in
partitioning and decorative applications, majorly in multi-family
residential constructions
- In 2020, the
residential application segment dominated the global market with a share
of over 47% and is projected to ascend at the fastest CAGR over the
forecast period
- The
residential application segment growth can be attributed to the rising
need for the construction of multi-family houses in regions, such as Asia
Pacific and North America
- North America
accounted for the largest market share of over 42% in 2020 on account of
the well-established construction industry and quick adoption of advanced
construction materials
- Saint-Gobain
was the leading market player with gypsum solutions offered under brands,
such as CertainTeed, British Gypsum, Gyproc, Rigips, and Placo
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Gypsum Board
Market Segmentation
Grand View Research has
segmented the global gypsum board market on the basis of product, application,
and region:
Gypsum Board
Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 -
2028)
- Wallboard
- Ceiling Board
- Pre-decorated Board
- Others
Gypsum Board
Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017
- 2028)
- Pre-engineered Buildings
- Residential
- Industrial
- Commercial
- Institutional
Gypsum Board
Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 -
2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Central & South America
- Brazil
- Middle East & Africa
- Bahrain
- Kuwait
- Qatar
- Oman
- Saudi Arabia
- UAE
- Jordan
- Iraq
- Iran
- Egypt
- Syria
- Turkey
- Libya
- Sudan
List of Key
Players of Gypsum Board Market
- Saint-Gobain Gyproc
- Knauf Gips KG
- Gulf Gypsum Co.
- USG Corp.
- National Gypsum Company
- LafargeHolcim Ltd.
- Georgia-Pacific LLC
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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