Gypsum Board Market 2022 | Size, Share, Price Trend, Industry Overview and Forecast to 2027

According to IMARC Group's latest report, titled "Gypsum Board Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global gypsum board market size reached US$ 26.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 37.7 Billion by 2027, exhibiting a CAGR of 5.73% during 2022-2027.

Year Considered to Estimate the Market Size:
Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027

Gypsum Board Market Overview:

Gypsum boards refer to lightweight construction materials that are widely used as walls, ceilings, and for partitions in interiors or exteriors of residential or non-residential structures. They are usually called drywall, wallboard, and plasterboard and can be directly attached to wood and metal framing or existing surfaces by using screws, nails, adhesives, etc. In line with this, gypsum boards provide sound control, versatility, quality, convenience, etc., and their non-combustible core makes them different from plywood, hardboard, and fiberboard. Consequently, they serve as a speedier alternative to traditional lath and plaster.

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Global Gypsum Board Market Trends:

The increasing number of construction and remodeling activities across commercial and housing sectors is among the key factors stimulating the gypsum board market. Furthermore, the rising investments by government bodies across countries in infrastructural development projects are positively influencing the global market. Apart from this, the widespread adoption of gypsum boards as covering material for interior walls and ceilings and as a tile backer in limited wetting areas, such as the bathroom, water closet, basement, kitchen, laundry, utility rooms, etc., is acting as another significant growth-inducing factor. Moreover, they are also used as a recyclable and green building material that aids in sustainable and low-cost construction, on account of the growing consumer environmental concerns, which is propelling the market growth. Besides this, the expanding real estate sector is further catalyzing the global market. Additionally, the introduction of air-purifying and sound-reducing variants, which contain a viscoelastic polymer middle layer between two specially formulated thin layers, is expected to fuel the gypsum board market over the forecasted period.

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Gypsum Board Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the gypsum board market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Beijing New Building Material (BNBM) Group Corporation Limited
• Compagnie de Saint-Gobain S.A
• Knauf Gips KG
• Etex SA/NV
• USG Boral Products Pty Limited
• Yoshino Gypsum Corporation Limited

Key Market Segmentation:

The report has segmented the gypsum board market on the basis of type, end-use and region.

Breakup by type:

• wallboard
• ceiling
• pre-decorated

Breakup by region:

• residential
• corporate
• commercial
• institutional sectors

Breakup by Region:

• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
• Middle East and Africa (Turkey, Saudi Arabia, Iran, United Arab Emirates, South Africa and Others)

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Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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This release was published on openPR.