Plasterboard Market to Jump at 5.7% CAGR and Projected to US$ 23.85 Billion by 2021, Led by Architects and Engineers

Report aims at estimating market size & future growth potential of plasterboard market across different segments like type, form, end-use sector, & region. Growth of construction activities in region and population in China, Indonesia, and India are driving growth of Asia-Pacific plasterboard market.

The plasterboard market size estimated to grow from USD 18.07 Billion in 2016 to USD 23.85 Billion by 2021, at a CAGR of 5.7% from 2016 to 2021. Base year considered for study is 2015 & market size projected from 2016 to 2021. Plasterboard market is gaining momentum in modern construction industry due to factors like superior quality, low cost, & ease of installation of plasterboard.

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The standard plasterboard segment dominated the plasterboard market in 2015 and is projected to retain the leading position through 2021. Standard wallboard is the most commonly used plasterboard and comes in different sizes. This type of plasterboard is expected to witness a higher growth in the emerging Asia-Pacific, Latin American, and Middle Eastern& African regions than in the developed regions.

Target Audience of Plasterboard Market
• Gypsum manufacturers
• Plasterboard manufacturers
• Plasterboard traders/distributers/suppliers
• Manufacturers of raw materials
• Architects & engineers
• Regulatory bodies
• Research organizations
• Association and industry bodies
• Interior designers
• End consumers
• Market research and consulting firms

The plasterboard market has been segmented into two forms, namely, tapered-edged and square-edged. The tapered-edged plasterboard led the demand for plasterboard in 2015 and is projected to grow at a higher CAGR from 2016 to 2021. This growth can be attributed to the easy and quick installation of tapered-edged plasterboard. Developed countries have a higher demand for tapered-edged plasterboard compared to that of developing countries.

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The residential sector accounted for a larger share in plasterboard market; this is projected to grow at a higher rate between 2016 and 2021. Growth of residential construction across globe also creating growth opportunities for adoption of plasterboard. Residential segment an emerging market for plasterboard products, where it is used for construction of wall panels, ceilings, and partitions.

Breakdown of Primaries
• By Company Type: Tier 1 –35%,Tier2 –30%, and Tier 3 –35%
• By Designation: Director Level –65% and Manager Level–35%
• By Region: North America –25%,Europe –28%,Asia-Pacific –22%, Latin America–10%,and Middle East & Africa –15%

The global plasterboard market is dominated by major players of the plasterboard industry, which include Armstrong World Industries Inc. (U.S.), Etex Group (Belgium), Saint-Gobain S.A. (France), Gypsum Management and Supply, Inc. (U.S.), USG Corporation (U.S.), Georgia Pacific LLC (U.S.), Boral Limited (Australia), KNAUF Gips KG (Germany), Fletcher Building Limited (New Zealand), LafargeHolcim Ltd. (Switzerland), and National Gypsum Company (U.S.).

Connect for More Details for Discount and More Information “Plasterboard Market by Type (Standard, Fire-Resistant, Sound-insulated, Moisture-Resistant, Thermal, Specialist, Impact-Resistant), Form (Tapered-Edged and Square-Edged), End-Use Sector, and Region - Global Forecast to 2021” report @ http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=375742 .

Asia-Pacific region projected to register highest CAGR globally, between 2016 and 2021. China was largest market for plasterboard in Asia-Pacific region, in 2015. Chinese market projected to grow at highest CAGR during forecast period.

Primary objective of study to define, segment, & project global plasterboard market on basis of type, form, end-use sector, and region. Study also aims at strategically analyzing micro markets with respect to individual growth trends, future prospects, and their contribution to total market.

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