1. Historical Market Size (2019): USD 24 Billion
2. Forecast CAGR (2020-2025): 5.5%
3. Forecast Market Size (2025): USD 33 Billion
Request a free sample copy in PDF or view report [email protected] https://www.expertmarketresearch.com/reports/gypsum-board-market/requestsample
The ability of the product to have creative designs and textures on its surface and the tendency towards improvements in the construction industry is expected to increase the application of gypsum board. The rise in public spending and demand for high-quality housing are expected to result in the growth of the industry, especially propelled by the increased urban migration in major economies. The growing investments in infrastructural development in developing economies and the rising residential sector globally is expected to drive the global gypsum board industry growth. The growing renovation activities in developed regions are also expected to propel the growth of the market further.
Explore full report with table of [email protected] https://www.expertmarketresearch.com/reports/gypsum-board-market
Industry Definition and Major Segments
Gypsum board is a panel primarily made of calcium sulphate dihydrate and is usually mounted on the outside walls and ceilings or on the interior walls and ceilings of a residential or non-residential structure. It is also known as wallboard, drywall, or plasterboard. It helps in managing sound penetration and is flexible, durable, and comfortable.
Based on product type, the market is divided:
2. Ceiling Board
3. Pre-Decorated Board
By end-use, the industry can be segmented into:
Regionally, the market can be segmented into:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
The construction sector is primarily leading the industry growth. The Asia Pacific construction market, especially, is rising rapidly in the emerging economies. The Hong Kong municipal authorities have introduced a range of initiatives to promote the construction of affordable housing. In their revised budget of 2018-19, the authorities have estimated a capital expense of HKD 23,923 million in construction in order to create more affordable apartments, an increase of 7% over the previous year’s estimate. The government has also launched the China New Urbanization project 2014-2020 to provide migrants with social housing and to extend the current urban facilities in main cities. Similarly, India’s construction sector is rising tremendously, with urban development projects and new construction activities, including bridges, barrages, highways, railways (underground), urban infrastructure, buildings, and others.
Key Market Players
The major players in the market are Beijing New Building Material (Group) Co., Ltd., Saint-Gobain, Knauf Gips KG, and USG BORAL., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
South Africa Gypsum Plaster Market: https://www.expertmarketresearch.com/reports/south-africa-gypsum-plaster-market
Limestone Market: https://www.expertmarketresearch.com/reports/limestone-market
Concrete Superplasticiser Market: https://www.expertmarketresearch.com/reports/concrete-superplasticiser-market
Green Cement Market: https://www.expertmarketresearch.com/reports/green-cement-market
Exterior Sheathing Market: https://www.expertmarketresearch.com/reports/exterior-sheathing-market
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish-speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.