plasterboard market share, Size Global Regional Analysis, Key Findings, Industry Demand
plasterboard market share
The plasterboard market will be valued at
USD22,633.80 Million by 2030, garnering a considerable growth rate from 2020 to
2027. reveals Market Research Future in an illustrated report on the
same market. The report includes drivers such as burgeoning building and
construction industries, and limited or no option for recycling of construction
material among the other. It has stressed on segments and provided an in-detail
analysis of segments for an effective prediction of the market in coming years.
Residential application across the globe is experiencing a surge as rising per
capita has also increased which is contributing the most in taking the market
forward. Furthermore, plasterboard’s insulation ability, moisture resistance,
and sound insulation are properties that is spurring the sale of plasterboard.
Segmentation:
The global plasterboard market can be segmented by
type, edge type, and application.
Type-wise, the plasterboard market can
be segmented into insulated, damp proof, moisture resistant, sound insulation,
fire resistant, and others. Fire resistant products are gaining traction, and
their sale is rapidly increasing.
Based on edge type, the plasterboard market can be
segmented into tapered, rounded, square edge, and others.
Based on application, the plasterboard market includes
residential and non-residential. Non-residential segment is currently drawing
in substantial revenue.
Regional Analysis:
Geographic analysis of the plasterboard market includes
namely North America, Europe, Asia Pacific, and Rest-of-the-World (RoW).
The plasterboard market was getting dominated by North
America so far, and the situation won’t change in coming years as well. The region
has cemented its place well in plasterboard market by earning handsome revenue.
Technological superiority and growing demand for eco-friendly construction
material are driving the regional market ahead.
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The APAC region is witnessing an unprecedented boost in
recent years. Plasterboard market in the region is all set to record the
fastest CAGR during the forecast period. India and China, two emerging
economies, are playing a crucial role in taking the region ahead. This can be
attributed to the international players who have shown considerable interest in
including the region within their territorial boundary. The market is getting
further thrust from booming industries across verticals. Governments are also
easing up norms in order to give new entrants access to the market and to
simplify the process of new product launch.
Market Insight:
The market has a lot of opportunities, and new entrants
can find it well-suited for their benefits. However, the competition is
intense, and plasterboards market is witnessing companies taking strategic
decisions such as a merger, collaboration and others for a better foothold.
This can also be considered as a means to better the prospect of the
plasterboard market. For instance, Knauf Insulation is planning to merge its
business with USG Corporation and Armstrong World Industries Pty Ltd to better
its prospect in Australian plasterboard market. Saint-Gobain, on the other
hand, is setting up its fourth gypsum-based plasterboard manufacturing unit in
India to expand its business portfolio.
The key players of global plasterboard market report
include Gyprock, Knauf Insulation, BGC Plasterboard, Beijing New Building
Material (Group) Co., Ltd., Boral Limited, Chiyoda UTE Co., Ltd., PT Siam-Indo
Gypsum Industry, Saint-Gobain, Lafarge, Etex, National Gypsum Company
Properties, LLC and Yoshino Gypsum Co., Ltd.
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