Drywall Building Plasters Market to reach a revenue of US$ 65 Bn at a CAGR of 5.4% from 2022 to 2027

Drywall Building Plasters Market 2022 to 2027

According to Persistence Market Research's most recent analysis, the global market for drywall and building plasters will grow at a CAGR of 5.4% from 2020 to 2027, generating US$ 65 billion in sales.

Drywall building plasters are widely used in modern construction and renovation projects. Drywall building plasters not only provide an effective insulation barrier, but also a great level of durability while remaining lightweight. This makes drywall building plasters the preferred choice for many projects involving wallboard installation.

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In recent years, there has been a surge in drywall building plasters usage due to technological advances that have made them easier to install and more cost-effective than traditional wet plastering processes. Drywall is also highly customizable, making it easy to create stylish and unique walls in any space.

The growing demand for drywall building plasters has resulted in an increase of players across the Drywall Building Plaster Market. Several big names like USG, Dryvit and National Gypsum have been dominating the industry for several years. However, small- and medium-sized players are gaining traction in the market due to their ability to deliver cost-effective solutions that meet customer needs.

Overall, the Drywall Building Plaster Market is expected to experience healthy growth in the coming years as more customers seek out affordable yet high-quality drywall solutions for their home improvement projects. With emerging technologies such as 3D printing and integrated systems for easier installation, drywall building plasters will continue to be a go-to option for those looking to add style and insulation to their walls.

Key Players- 

• Knauf Gips KG
• Compagnie de Saint-Gobain S.A.
• Etex S.A.
• USG Corporation
• Fermacell
• Gyptec Iberica
• Georgia-Pacific
• National Gypsum Properties, LLC
• USG Boral Building Products
• PABCO Building Products, LLC
• American Gypsum Company LLC and more

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Key Insights of the Report Include:

By product type, building plasters will continue to account for a higher value share of the market than drywall throughout the assessment period. On the other hand, drywall is expected to register a faster CAGR in terms of value. By 2017-end, the drywall segment is estimated to account for around 42.3% share of the overall market.
Application of drywall & building plaster in residential and hotels & restaurant construction is expected to remain robust in 2017 and beyond. These application segments are expected to account for a large percentage of the global market revenue.

Asia Pacific at the Forefront of Global Drywall & Building Plaster Market

The market in Asia Pacific is estimated to remain dominant over 2025, owing to several massive ongoing and upcoming construction projects in countries such as China and India. In addition, the region has been exhibiting a higher demand for drywall & building plasters than other regions, on account of its high growth rate & market size of the building construction market. Meanwhile, North America will continue to be the second largest market for drywall & building plaster over the forecast period. In Europe, factors such as increasing awareness about the product advantages and growing requirement of maintenance & repair activities are expected to fuel the demand for drywall & building plasters.

Region Coverage (Regional Production, Demand & Forecast by Countries etc.):

North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders 

Drywall Building Plasters Market Manufacturers 
Drywall Building Plasters Market Distributors/Traders/Wholesalers 
Drywall Building Plasters Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

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Key Questions Answered in This Report -

What is the Current Valuation of the Drywall Building Plasters Market?

What is the CAGR of the Drywall Building Plasters Market during the Forecast Period?

What is the Anticipated Size of the Drywall Building Plasters Market in 2032?

What Region is Most Lucrative for Drywall Building Plasters market?

Which Segment is the Highest Contributor in the Drywall Building Plasters market?

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