The global Gypsum board Market is estimated to be valued at US$ 50.47 Billion In 2022 and is expected to exhibit a CAGR of 12.2% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Gypsum board, also known as drywall, is widely used as a construction material due to its advantages such as ease of installation, fire resistance, and sound insulation properties. The growing demand for sustainable construction materials, coupled with the increasing construction activities across residential, commercial, and industrial sectors, is driving the market growth. Gypsum boards are also preferred for their ability to provide a smooth surface finish and enhance the aesthetics of interiors. Additionally, the rising awareness about the environmental impacts of construction materials has led to the adoption of gypsum boards as they are recyclable and eco-friendly.
Market key trends:
One key trend in the Gypsum board market is the increasing adoption of lightweight gypsum boards. Lightweight gypsum boards offer advantages such as reduced transportation costs, easier handling, and installation. These boards are manufactured using lightweight additives and have a lower density compared to traditional gypsum boards. The demand for lightweight gypsum boards is driven by the need for efficient construction materials that can reduce overall construction time and costs. Moreover, lightweight gypsum boards are also preferred in projects with limited weight-bearing capacity, such as renovation and retrofitting. The trend of using lightweight gypsum boards is expected to continue growing, supported by technological advancements and the focus on sustainable construction practices.
PEST Analysis:
Political: In the Gypsum Board Market, political factors play a significant role in shaping the industry dynamics. Government regulations and policies regarding construction and building materials can impact the demand and supply of gypsum boards. Additionally, political stability and geopolitical factors can also influence the market, especially in regions where political unrest may hinder construction activities.
Economic: The economic factors influencing the gypsum board market include factors such as GDP growth, disposable income, interest rates, and inflation. Economic growth and urbanization drive the demand for housing and infrastructure, which in turn fuels the demand for gypsum boards. Furthermore, fluctuations in raw material prices, exchange rates, and the overall economic environment can impact the profitability and competitiveness of market players.
Social: Social factors play a crucial role in shaping the demand for gypsum boards. Changing lifestyles, increasing urbanization, and the growing trend towards sustainability and energy efficiency in construction practices are key social drivers for the market. The increasing awareness about the benefits of gypsum boards, such as fire resistance, sound insulation, and ease of installation, among consumers is also contributing to the market growth.
Technological: Technological advancements are significantly influencing the gypsum board market. Innovations in manufacturing processes, such as the development of lightweight gypsum boards and the use of recyclable materials, are enhancing the product quality and sustainability. Moreover, advancements in digitalization and information technology are enabling manufacturers to improve their operational efficiency and offer customized solutions to the customers.
Key Takeaways:
The global gypsum board market is expected to witness high growth, exhibiting a CAGR of 12.2% over the forecast period (2023-2030). This growth is primarily driven by the increasing demand for gypsum boards in the construction industry, mainly in residential and non-residential applications. The growing population, rapid urbanization, and infrastructural developments in emerging economies are fueling the demand for gypsum boards.
In terms of regional analysis, Asia Pacific is expected to be the fastest-growing and dominating region in the gypsum board market. The region's booming construction industry, driven by growing urbanization and government initiatives for affordable housing, is propelling the demand for gypsum boards. Moreover, the increasing disposable income and changing lifestyles in countries like China and India are further contributing to market growth in the region.
Key players operating in the gypsum board market include Saint-Gobain, United Mining Industries, Taishan Gypsum Co., Ltd., Knauf, Baier Group, Yoshino Gypsum Co., Ltd., Gulf Gypsum Board, Gypsemna, Georgia-Pacific Gypsum LLC, and Arcat, Inc., among others. These players focus on product innovations, strategic partnerships, and mergers and acquisitions to strengthen their market position and cater to the increasing demand for gypsum boards globally.
The Gypsum Board Market has observed unceasing growth in the past few years and has prospects to grow even further during the forecast period (2020-2027).
These insights help interested individuals or individuals to frame better business strategies and make informed decisions for superior profitability.
Moreover, the forecast aids venture or private players, in assessing the companies and taking the best available route to optimize their options.The report covers all the intricate details of the Gypsum Board market and how it has fared in the past.
Using historical data, an accurate forecast is derived in the report, which will be beneficial to all the users and entities interested in the Gypsum Board market.
Get a sample report with revised and up-to-date graphs @ https://www.reportsanddata.com/sample-enquiry-form/269 Key Participants of the Gypsum Board Market are:Saint-Gobain, Etex Corp, Knauf, USG, National Gypsum, Yoshino, BNBM, Jason In market segmentation by types of gypsum boards, the report covers-Gypsum Wall, Gypsum Ceiling, OthersIn market segmentation by applications of the gypsum board, the report covers the following uses-Residential, Commercial, Others Market segmentation of the Gypsum Board Industry based on Geographical Break-down: North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.For readers interested in the Gypsum Board Industry, this report will serve as an exhaustive database, giving the user a comprehensive outlook.
Customization of reports according to individual needs based on region, key participants, and type is available.For the consumer-driven market, sperate analysis can be included and customized with respect to age, gender, occupation, income level or education, etc.Consumer patterns* Purchasing patterns (comfort & convenience, economical, pride)* Purchasing behavior (seasonal, usage rate)* Lifestyle (health-conscious, family orientated, community active)* Outlooks (service, quality, risk, influence) Any Query or Discount?
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 expansion of the global market is primarily attributable to the growth of the construction sector.Hence, Global drywall & gypsum board market is expected to grow at 5.95% CAGR during the forecast period.Residential application of gypsum board is forecasted to have a major impact on the growth of the market in the forthcoming years.
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.Get Free Sample “ Gypsum Board Market Research Report – Forecast 2021” at: https://www.marketresearchfuture.com/sample_request/1374Competitive Analysis• 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.
)• Supress Products, LLC (U.S.)• Winstone Wallboards Limited (New Zealand)• Gyptec Iberica (Portugal)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).
The U.S. is anticipated to exhibit rapid developments over the next couple of years.
China is likely to drive the growth of the regional gypsum market in the upcoming years owing to rising investments and increasing infrastructural projects.Industry UpdatesMay 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 Global Gypsum Board Market report released by Reports and Data encompasses vital aspects of the Gypsum Board market and offers critical insights about the market size, share, global spread, trends, demands, and opportunities.
The report discusses in detail the competitive landscape of the market on both the regional and global scale.
Furthermore, it sheds light on the lucrative growth opportunities and investments to assist the readers and businesses in developing strategic expansion plans.
It also helps readers gain maximum return on their investments.The report is further attuned to the latest market scenario pertaining to the COVID-19 pandemic and its impact on the key segments of the Gypsum Board market.
The report analyzes the impact of the pandemic on the supply chain and demands of the market and offers key insights into market growth.
The report also addresses the challenges caused by the pandemic and offers insightful data on how to overcome the barriers.
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 2021Market Synopsis of Gypsum Board MarketThe 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.
