Gypsum Board Market Insights - 2023, Growth Prospects, Top Key Players with Competitive Outlook and Expansions - Saint-Gobain, United Mining Industries

Market Overview:

Gypsum board, also known as drywall or plasterboard, is a building material used to construct interior walls and ceilings. It is widely used in residential and commercial construction for interior partitioning of walls and ceilings. Gypsum board panels come in different sizes such as 4 ft x 8 ft, 4 ft x 9 ft, and 4 ft x 12 ft and thicknesses ranging from 1/2 inch to 1 inch depending on the application.

Market Dynamics:

Growing construction industry worldwide and recovery in residential construction post-COVID are the key factors driving the growth of the gypsum board market. The construction industry has witnessed robust growth over the past few years, especially in emerging economies of Asia Pacific and Middle East Africa regions. Rapid urbanization accompanied by rising population and disposable income has increased demand for residential and commercial buildings. According to estimates, the global construction industry grew by over 3% annually between 2015-2019. Additionally, rising renovations and remodeling activities of old buildings further support the market growth. However, volatility in raw material prices remains a challenging factor. Fluctuations in prices of gypsum, paper, and additives negatively impact the manufacturing costs.

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Major market players included in this report are:

★ Saint-Gobain
★ United Mining Industries
★ Taishan Gypsum Co., Ltd.,
★ Knauf
★ Baier Group
★ Yoshino Gypsum Co., Ltd.,
★ Gulf Gypsum Board
★ Gypsemna
★ Georgia-Pacific Gypsum LLC
★ Arcat Inc.
★ among others.

*Disclaimer: Major Players are sorted in no particular order.

Detailed Segmentation:

On the basis of product type,
✦ Wallboard
✦ Ceiling Board
✦ Interior Wall
✦ Exterior Wall
✦ Tile Base
✦ Accent Wall
✦ Movable Partition

On the basis of category,
✦ Regular Gypsum Board
✦ Type X Gypsum Board

On the basis of application,
✦ Residential
✦ Commercial
✦ Institutional
✦ Others

Regional Analysis:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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✤ Expansion of Construction Industry is Driving the Demand for Gypsum Board

The construction industry has seen significant growth over the past few years globally. Both residential as well as non-residential construction activities such as buildings for offices, malls, hospitals etc have increased substantially. Gypsum boards find wide application in interior construction of walls and ceilings in these structures. They are preferred over traditional construction materials like bricks due to benefits like light weight, fire resistance, sound proofing and easy installation. The growth in the construction sector has directly translated to higher demand for gypsum boards. Various factors fueling construction industry expansion are urbanization, growing housing needs, increasing investments in infrastructure projects and commercial real estate. As construction activities are projected to rise further in the coming years, the gypsum board market will continue getting a major boost from this growth driver.

✤ Increase in Renovation and Remodeling Projects is augmenting Gypsum Board Consumption

Alongside new construction, renovation and remodeling of existing properties is another key activity propelling gypsum board usage. As disposable incomes rise, homeowners are increasingly undertaking interior renovation works to enhance looks, functionality and space utilization of their homes. Commercial properties also require periodic refurbishments. Gypsum boards offer an affordable and hassle-free solution for wall partition changes, ceiling upgrades and other remodeling requirements. The renovation and remodeling industry has been thriving particularly in developed markets and is rising in developing economies as well. This sector growth presents ample opportunities to gypsum board manufacturers to increase sales volumes.

✤ Economic Slowdown is a Major Challenge for the Gypsum Board Market

A key restraint for the gypsum board market is the risk of an economic slowdown. The growth prospects of the construction industry are closely tied to the overall macroeconomic performance and growth outlook of countries. Any downturn in the economy can negatively impact infrastructure spending, commercial and residential property investments which forms a major chunk of construction activities. A slump in construction leads to reduced demand from this key end-use segment. The gypsum board market faced difficulties during the global economic recession of late 2000s. Similarly, signs of weakness in major economies currently pose a threat. A recession can significantly hamper industry volume growth and profitability of gypsum board producers.

✤ Rising Adoption of Green Building Materials Offers New Avenues

With growing environmental consciousness, the construction sector is shifting towards more sustainable practices. There is a rising focus on using building materials that have lower embodied energy and carbon footprint over their entire life cycle. Gypsum being a natural mineral has an inherent advantage compared to synthetic alternatives on the sustainability aspect. Manufacturers promoting their gypsum boards as green building materials can leverage this opportunity. Emphasizing credentials like recycled content, zero waste manufacturing and GREENGUARD certifications can help gain market share. Extensive R&D is also underway to develop gypsum formulations with enhanced insulating abilities to substitute conventional thermal insulation materials. This presents a growth pathway for gypsum boards in green construction.

✤ High Demand for Specialized and Value-Added Gypsum Board Variants

A major trend gaining momentum in the gypsum board market is the rising demand for specialized and value-added variants beyond standard wallboards. Requirements from builders and end-users are evolving towards gypsum boards with unique characteristics to serve very specific application needs. Examples include moisture resistant boards for high humidity areas, sound-proof boards, fire-rated boards certified for up to 2 hours, boards with antimicrobial additives and smooth surfaced boards for ultra-premium interior fittings. Manufacturers focusing on innovation and new product development have been able to successfully tap into premium market segments. This specialization and value-addition is poised to remain a key market trend.

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Key Questions Answered in the Report:

1. What are the growth opportunities for the new entrants in the global Gypsum Board industry?
2. Who are the leading players functioning in the global Gypsum Board marketplace?
3. What are the key strategies participants are likely to adopt to increase their share in the global Gypsum Board industry?
4. What is the competitive situation in the global Gypsum Board market?
5. What are the emerging trends that may influence the Gypsum Board market growth?
6. Which product type segment will exhibit high CAGR in the future?
7. Which application segment will grab a handsome share in the global Gypsum Board industry?
8. Which region is lucrative for the manufacturers?

Some of the Major Points of TOC cover:

Chapter 1: Techniques & Scope

1.1 Definition and forecast parameters
1.2 Methodology and forecast parameters
1.3 Information Sources

Chapter 2: Latest Trends Summary

2.1 Regional trends
2.2 Product trends
2.3 End-use trends
2.4 Business trends

Chapter 3: Gypsum Board Industry Insights

3.1 Industry fragmentation
3.2 Industry landscape
3.3 Vendor matrix
3.4 Technological and Innovative Landscape

Chapter 4: Gypsum Board Market, By Region

Chapter 5: Company Profiles

5.1 Company Overview
5.2 Financial elements
5.3 Product Landscape
5.4 SWOT Analysis
5.5 Systematic Outlook

Chapter 6: Assumptions and Acronyms

Chapter 7: Research Methodology

Chapter 8: Contact (Continue . . .)

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