Drywall & Gypsum Board Market 2020 With Top Countries Data, Opportunities by Regions

 Drywall & Gypsum Board Market

According to Market Research Future (MRFR), the global drywall & gypsum board market is estimated to grow at 5.95% CAGR from 2022 to 2030 (forecast period). The study discusses and examines the effects of the COVID-19 outbreak on the global drywall & gypsum board market, including opportunities and threats, drivers, and risks.

Drywall and gypsum boards are panel products, usually known as wallboards, sheetrock, and plasterboard, used to construct interior walls and ceilings. These panel products serve as excellent fire-resistant building material by offering several advantages such as sound isolation, durability, and ease of installation.

Get a Free Sample PDF Brochure @

https://www.marketresearchfuture.com/sample_request/5280

Key Players

The prominent participants in the drywall & gypsum board market include USG Zawawi Drywall LLC SFZ (Oman), Knauf Middle East (Dubai), Gypsemna Co. LLC (Dubai), Global Mining Co. LLC (Oman), Gulf Gypsum Co. (Qatar), Etex Group (Belgium), Lafarge Group (France), Saint - Gobain Gyproc India Ltd (India), National Gypsum Co. (U.S.), Taishan Gypsum Co. (China), Yoshino Gypsum Co., Ltd. (Japan.)., Kingspan Group plc. (Ireland), Winstone Wallboards Limited (New Zealand), Supress Products, LLC (U.S.), and Gyptec Iberica (Portugal).

Market Dynamics

Increased acceptance of drywall and gypsum board as an alternative to plywood, hardboard, and fiberboard due to its unique properties such as lightweight, convenient to transport, non-combustible core, and long durability are some of the key factors predicted to fuel the growth of the global market over the forecast period. In addition, a growing emphasis on R&D activities related to the cost reduction of installation and product innovation in order to improve the aesthetics of buildings is expected to increase the demand for the target product.

In addition, an increase in the emphasis on environmentally friendly green building materials to minimize carbon emissions, growing investment in infrastructure, and government measures and policies to encourage energy-efficient and sustainable development in both developed and emerging economies are also expected to help market growth.

Speak to our Analysts @ https://www.marketresearchfuture.com/ask_for_schedule_call/5280

 

Market Segmentation

For this study, the global drywall & gypsum board market has been segmented based on products and end-users. 

Based on the product, the market has been segmented into wallboard, ceiling board, pre-decorated board, and others. Wallboard holds the largest market share of the product and is estimated to remain dominant over the forecast period, mainly due to the increasing use of wallboard in the construction of shops, offices, and malls, using it as a wall partition system. The ceiling board segment is anticipated to significantly contribute during the forecast period, primarily due to high demand from residential and non-residential construction sectors.

Based on end-user, the market has been segmented as residential and non-residential. Residential leads the application segment and is projected to rise at the highest CAGR during the forecast period. Growing demand for drywall & gypsum board across the residential segment attributed to evolving customer preferences and increased consumer disposable income. In addition, increased home improvement and renovation projects also drive the demand for residential applications. The non-residential sector is expected to contribute significantly during the forecast period, mainly due to increased demand from hospitality, corporate offices, and education.

Access Full Report Details @ https://www.marketresearchfuture.com/reports/drywall-and-gypsum-board-market-5280

 

 

Regional Analysis

Region-wise, the global drywall & gypsum board market has been segmented into North America, Asia Pacific, Europe, and the rest of the world.

The Asia Pacific region captured the largest market share, followed by Europe and North America in 2016. The demand for the market is driven by steadily growing construction activities in the region. China, Japan, India, and Singapore are the largest markets in the Asia Pacific. Economic growth in the region has made institutional and commercial infrastructure spaces more important. This encourages the development of the market. Key players worldwide are increasingly shifting their production facilities to high potential markets in the Asia Pacific, primarily due to the availability of low-cost labor and adequate stocks of raw materials. This has a positive impact on the growth of the market. China is one of the largest markets in the Asia Pacific region. The Chinese Government has issued a variety of favorable policies to minimize the share of the down payment for second-house loans and exclude sales tax for ordinary housing, which has helped to revive the commercial housing market. This will have a positive effect on the growth of the market.

North America is another significant market for drywall & gypsum boards. Expanding residential and non-residential construction activities are driving the growth of the industry. The use of drywall in residential construction in Europe is expected to rise due to its growing popularity. In the rest of the world, the Middle East and South American regions are projected to make a major contribution during the forecast period, mainly due to evolving lifestyles and high growth in the construction sector.

 

 

About Market Research Future:

 

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

 

Market Research Future®

 

99 Hudson Street,5Th Floor

 

New York, New York 10013

 

United States of America

 

Phone:

 

+1 628 258 0071(US)

 

+44 2035 002 764(UK)

 

Email: sales@marketresearchfuture.com

 

 

Comments

Post a Comment

Popular posts from this blog

Cobots on the Rise: Collaborative Robots Powered by Artificial Intelligence

Image
  The integration of Artificial Intelligence (AI) in the manufacturing sector has brought about a transformative paradigm shift, revolutionizing traditional processes and ushering in the era of Industry 4.0. Artificial intelligence in manufacturing market has witnessed substantial growth, driven by the increasing demand for efficiency, precision, and automation across diverse manufacturing industries. One of the key drivers propelling the growth of AI in manufacturing is the pursuit of operational excellence. Manufacturers are leveraging AI technologies, including machine learning, computer vision, and robotics, to optimize production processes, enhance productivity, and reduce operational costs. AI-powered predictive analytics, for instance, allows manufacturers to anticipate equipment failures and schedule maintenance proactively, minimizing downtime and maximizing overall equipment effectiveness (OEE). Quality control is another critical area where AI is making significant inro...
Read more

Global Aged Care Market: Industry Analysis & Forecast 2020-2026, By Services, Assistive Devices and Region.

  Global Aged Care Market size was valued at USD 705.29 billion in 2019 and is expected to reach US $ xx billion by 2026, at a CAGR of xx% during a forecast period. Overcoming decades, pressures on the demand-side of the aged care market are expected to accentuate to improve service interfaces within and between aged care and other systems including acute care and disability services. The report covers the current estimated and forecasted data for the Global Aged Care Market on a global and regional level. The report provides an in-depth analysis of the Global Aged Care Market for the period 2019 – 2026, wherein 2019 is the base year and the period from 2020 to 2026 is the forecast period. Data for 2016- 2018 has been included as historical information. The study provides a detailed perspective on market growth, throughout the above forecast period in terms of revenue estimates (in US$ Bn), across the different geographies, which include North America (NA), Europe (EU), Asia Pacif...
Read more

Ceramic Tiles Market overview Research on Present State & Future Growth Prospects to 2030

  Ceramic Tiles Market Ceramic tiles are covering materials for roofs, walls, and floors and made of sand and other natural products. These tiles are molded to a customized shape by heating it in a kiln. They are durable and used for aesthetic appeal in various environments. The global ceramic tiles market report by Market Research Future (MRFR) provides a comprehensive analysis of various growth engines and hurdles to be faced by the industry for the period of 2017 to 2023 (forecast period). The COVID-19 pandemic and its implications are explored in detail in the report. Market Scope The global  ceramic tiles market  is slated to expand at an ascending pace during the forecast period. Increasing investments in infrastructural projects and utilization of ceramic tiles due to their durability can fare well for the market. This is facilitated by rapid urbanization and industrialization. Sustainability initiatives and aim for lowering carbon emissions can drive the demand fo...
Read more