Gypsum Board Market Analysis, Landscape and Growth Prospects Till 2028

Gypsum Board Market - Overview

Gypsum board market size is predicted to grow with a CAGR of 11.6% by 2028.
Gypsum boards are light weight construction materials that are widely being used as walls, ceilings and for partitions in residential or non-residential structures. It provide sound control, versatility, quality, convenience and their non-combustible core makes them different from plywood, hardboard and fiberboard. Thus, they have become prevalent and are serving as a speedier alternative to traditional lath and plaster. The Global Gypsum Board Market is growing with the rapid pace; mainly due to the growing construction industry across the globe.
According to a recent study report published by the Market Research Future, The global market of gypsum board is booming and expected to gain prominence over the forecast period. The global gypsum board market is forecasted to demonstrate an exponential growth by 2028, surpassing its previous growth records in terms of value with a whooping, CAGR during the estimated period (2021- 2028).

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Currently, the gypsum board market is spurting mainly due to the increasing FDI in construction in emerging nations and supportive government regulations and policies. Governments across all regions are seen promoting and developing their construction & infrastructure sector. The emerging nations are particularly bringing various reforms and regulations to boost their infrastructure growth and real-estate market. This in turn pushed the construction industry, which ultimately led to the increased demand for gypsum board in construction. Additionally, growing focus towards environmentally sustainable green building construction materials, which reduces overall overhead expenses has boosted industry growth. However, fluctuating price of raw materials may restrict the growth of the market.

Gypsum Board Market - Competitive Analysis
Characterized by the presence of several well-established and small players, the global Market of Gypsum Board appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. These key players compete based upon pricing, and services. Vendors operating in the market strive to deliver the best quality products and services based on innovative technologies, and best practices. These Key Players make a substantial investment for R&D and to secure a guaranteed resource for the customers. Gypsum Board market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further.

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Industry News:
In November 2017, Australia's James Hardie is to buy Fermacell for Euro 473 million. The Australian company has entered into a definitive agreement to buy XI (DL) Holdings and its subsidiaries, including the gypsum fibreboard producer. The deal is expected to close in the first quarter 2018.
GMS Inc., a leading North American distributor of gypsum wallboard and suspended ceiling systems, announced today the acquisition of the Michigan-based ASI Building Products, LLC. a leading provider of ceilings and other quality building products serving the Eastern Michigan market
GMS Inc., a leading North American distributor of gypsum wallboard and suspended ceiling systems, announced today it has acquired substantially all of the operating assets of Washington Builder's Supply Company ("WBS") of Meadow Lands, PA.

Gypsum Board Market - Segmentation
Global Gypsum Board Market is segmented in to three key dynamics for an easy grasp and enhanced understanding.
On the basis of Type, the market has been segmented as Regular Gypsum Board and Type X Gypsum Board.
On the basis of Product, the market has been segmented as gypsum wallboard, and gypsum ceiling board. Gypsum wallboard accounts the largest market share and is expected to remain dominant over the forecast period mainly due to growing application of wallboard in the construction of shops, offices and malls, with its usage as wall partition system.
On the basis of Application, the market has been segmented as residential, institutional, commercial and others. Residential sector dominates the application segment of the market and is expected to grow at a highest CAGR during the forecast period. Rise in demand for gypsum board across the residential segment, attributed to changing consumer lifestyle and increased consumer disposable income.
On the basis of Regions, Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.

Gypsum Board Market - Regional Analysis
Asia Pacific region dominates the global gypsum board market. Rapidly growing construction activities in the region driving the demand of the market. China, Japan, India, and Singapore are the major market in Asia Pacific region. Economic growth in the region has allowed for a greater requirement of institutional and commercial infrastructure spaces. This fuels the growth of the market. Additionally, major players are targeting the Asia Pacific region mainly due to availability of low-cost labor and availability raw material stocks. Hence, production facilities are increasing at a decent rate. This also has the positive effect on the growth of the market.
North America is another major market for the gypsum board. Growing residential and non-residential construction activities in the region driving the growth of the market. U.S. is the largest contributor in global as well as North America Gypsum Board market.

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This release was published on openPR.