San Francisco, 21 December 2018: The Report Gypsum Board Market Analysis By Product (Wallboard, Ceiling & Pre-decorated
Board) By End-Use (Pre-Engineering Metal Buildings, Residential, Industrial,
Commercial, Institutional), And Segment Forecasts, 2018 - 2025
According to a report by Grand
View Research, Inc.; the global gypsum board market is projected to be valued at
USD 79.17 billion by 2025. Exponential rise in rural to urban migration coupled
with rapid economic growth in Asia Pacific and Gulf Cooperation Council (GCC)
countries is anticipated to drive the market. Moreover, tremendous development
in manufacturing and construction sectors can further propel market growth over
the forecast period (2014 to 2025).
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| Gypsum Board Market |
Rapid pace of
industrialization is driving construction activities in emerging economies.
This factor is projected to propel growth of the market for gypsum board. Rising
necessity to meet high demand for residential accommodation across urban areas
is expected to further fuel market
expansion in the forthcoming years. Rising investments in construction sector by
foreign corporations, companies, and governments can further stimulate the
demand. Moreover, increasing disposable income and standard of living is
projected to impel demand for better infrastructure. This factor is anticipated
to positively influence growth of market over the forecast period.
Access Research Report of Gypsum Board Market@ www.grandviewresearch.com/industry-analysis/gypsum-board-market
The worldwide gypsum board
market can be segregated on the basis of product, end-use, and region. Based on
product, the market can be categorized into ceiling, wallboard, pre-decorated
board, and others. In 2016, the wall board segment dominated with 54% market
share in terms of volume. This can be attributed to primary application of
wallboards as interior surfacing in buildings. These boards are available in
various sizes based on thickness. In addition, shifting from fiber board,
plywood, and hard board among other conventional materails in commercial and
residential buildings can stimulate the demand.
Ceiling board segment is
anticipated to expand at the fastest CAGR during the forecast period. The
ability of these materials to offer better sound and thermal insulation can
propel its demand. In addition, rising commercial and hotel construction
activities demanding ceiling panels can further fuel the growth over the
forecast period. Pre-decorated boards are used in construction projects due to
properties like easy installation and low maintenance. In addition, such boards
can also be used in commercial applications owing to stability and ability to
retain color to surfaces. This factor is projected to bode well for the segment
growth in near future.
Based on end-use, the market for
gypsum board can be classified into residential, industrial, commercial, institutional,
and pre-engineered metal buildings. In 2016, residential segment held the
dominant market share of 43% in terms of revenue. Rising focus on affordable housing
and boom in real estate sector coupled with government support can drive demand
for gypsum boards from GCC countries. In 2016, the segment witnessed around 18%
growth in the region.
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Pre-engineered metal buildings
are gaining popularity owing to low maintenance cost, and easy installation and
transportation. Continual technological advancements offering computerized
designs and custom-built solutions can boost growth of the segment over the
forecast period. In United States, around 60% of non-residential buildings are Pre-Engineered
Buildings (PEBs). The high performance materials have gained popularity in the
U.S. The demand for pre-engineered buildings in India is projected to witness nearly
25% growth rate over the forecast period, wherein this concept is relatively
new.
Regional segmentation includes
Europe, North America, Asia Pacific, Latin America, and Middle East &
Africa. Leading companies from North America and Europe are moving their
manufacturing capacities to other parts of the world with high potential
markets. For instance, availability of cheap labor and abundance of raw
materials is creating business opportunities in Asia Pacific.
In 2016, Asia Pacific held the
dominant market share of 44% in terms of volume. China produced more than 1.30
million metric tons of gypsum boards in 2016. Rising demand from commercial
construction sector can drive the regional demand. In India and Thailand, growing
need for housing construction in semi-urban and rural areas is projected to stimulate
regional market growth during the forecast period.
Middle East is predicted to witness
steady growth over the forecast period attributed to rising demand from Jordan,
Oman, and Qatar. In addition, focus on expansion of production capabilities in
emerging economies can further propel regional growth.
Some of the leading companies
operating in the gypsum board market are Knauf Dubai, Global Mining Company
LLC, Gypsemna, Lafarge, and Saint Gobain Gyproc. The market is fragmented in
nature attributed to functional imbalance across regional markets. Big
companies are adopting business strategies like mergers and acquisitions to
maintain their market position.
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Press Release of Gypsum Board Market@ www.grandviewresearch.com/press-release/global-gypsum-board-market
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 Information: www.grandviewresearch.com
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