Drywall and Building Plaster Market Will Continue to Grow by 2021

Drywalls are panels made of gypsum plaster pressed between thick sheets of paper. Drywalls are used for interior walls and ceilings in residential and non-residential buildings as a quicker alternative to traditional plaster and lath.

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Increasing demand from rising construction activities in the U.S. and China is expected to drive demand for drywall and building plaster. After the economic turndown between 2008 to 2011 in the U.S. and Europe, the market is expected to revive in both the regions. There is a significant increase in repair and maintenance of residential building activities in the U.S. and Western Europe which in turn is expected to turn into demand for drywall and building plaster.

The drywall and building construction market can be segmented into two key end-user segments, viz., residential construction and non-residential construction. Globally, residential construction segment is projected to register faster growth owing to increased demand for housing in urban areas across all regions. Non-residential construction activities are also increasing at an above average rate in emerging BRICS nations as well as in Middle East and Africa.

Demand from North America, especially the U.S. and Western Europe are projected to grow at high rate. Asia Pacific, Eastern Europe, Latin America, Middle East and Africa are projected to show above average demand growth on account of increased residential construction activities. Drywall use is expected to increase in residential construction owing to its rising popularity. However, building plasters segment is expected to lose share due to slower construction process and higher expense on wet construction methods.

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Some of the major manufacturers in the blowing agents market include BNBM (China), USG (US), Saint- Gobain (France), Knauf (Germany) and Etex (Belgium). These players account for near about half of the global drywall and building plaster market supply.

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