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Plasterboard Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence
• The global Plasterboard market size is expected to reach $30.96 Billion by 2028 growing at a CAGR of 4.96% from 2021 to 2028.
• North America dominated the market in 2021
• Asia Pacific is expected to grow at the highest CAGR from 2021 to 2028
As per the study initiated by Evolve Business Intelligence, The global Plasterboard market size is expected to reach $30.96 Billion by 2028 growing at a CAGR of 4.96% from 2021 to 2028. Plasterboard, also known as drywall or gypsum board, is a widely used building material composed of a core of gypsum (a mineral composed of calcium sulfate dihydrate) sandwiched between layers of paper or fiberglass. The gypsum core provides fire resistance, and soundproofing qualities, and contributes to the material's overall rigidity. Plasterboard is commonly employed as an interior wall and ceiling surfacing material in construction. It is known for its ease of installation and finishing, making it a popular choice for creating smooth and uniform surfaces in residential, commercial, and industrial buildings. Plasterboard is available in various thicknesses and sizes to accommodate different construction needs, and it is often used to create partitions, cover framing elements, and improve the acoustic and fire-resistant properties of interior spaces.
Report Description: https://evolvebi.com/report/plasterboard-market-analysis/
The Plasterboard market is primarily driven by the widespread use of this versatile building material in construction, driven by its ease of installation, cost-effectiveness, and the ability to create smooth and uniform interior surfaces. Plasterboard's popularity is also attributed to its fire-resistant and soundproofing properties, making it a preferred choice for creating safe and acoustically comfortable living and working environments.
Key Players
Some of the major Plasterboard Market players holding high market shares include Armstrong World Industries Inc., Etex Group, Saint-Gobain S.A., Gypsum Management and Supply, Inc., and USG Corporation. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Georgia Pacific LLC, Boral Limited, KNAUF Gips KG, Fletcher Building Limited, and National Gypsum Company.
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Segmental Analysis
Based on Type, the Plasterboard market is segmented into Standard, Fire-resistant, Sound-insulated, Moisture-resistant, Thermal, and Others. The dominance of the Standard segment in the Plasterboard market is attributed to its widespread use and broad applicability across a variety of construction projects. Standard plasterboard is characterized by its versatility, cost-effectiveness, and general suitability for common building applications.
Based on Form, the Plasterboard market is Tapered-edged, Square-edged, Others. The Plasterboard market's projected high CAGR in the Tapered-edged segment is attributed to the increasing demand for seamless and aesthetically pleasing interior finishes. Tapered-edged plasterboard is designed with tapered edges, facilitating smoother transitions between boards and reducing the need for extensive joint compound application during installation.
Based on End-User, the Plasterboard market is segmented into Residential, Non-residential, and Others. The Residential segment's dominance in the Plasterboard market is attributed to the extensive use of plasterboard in residential construction for creating interior walls and ceilings. Plasterboard is a preferred choice in residential applications due to its versatility, cost-effectiveness, and ease of installation. The material provides a smooth and uniform surface for painting or finishing, contributing to the aesthetic appeal of homes.
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
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