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Global Building Products Market is projected to Reflect 5.2% CAGR Throughout 2025
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Global Building Products (Including Drywall) Market: Forecast
The global building products market is poised to reflect a moderate CAGR of 5.2% during the period of forecast. It is expected to reach a value of around US$ 49 Bn by the end of 2025 from a value of US$ 33.16 Bn in 2017. The global drywall market is anticipated to register a steady growth rate and exhibit a CAGR of 4.2% during the period of forecast, to reflect a value of US$ 27 Bn by the end of 2025 from a value of US$ 18 Bn in 2017.
Global Building Products (Including Drywall) Market: Segmental Analysis
Global plaster building products market is poised to grow at a CAGR of 5.3% throughout the forecast period to reflect a value of about US$ 37 Bn by the end of 2025. Gypsum building plasters sub segment is expected to contribute to the growth of the plaster building products market by reflecting a higher CAGR of 5.9% followed by cement sub segment, which holds significant market share by revenue. The gypsum segment has the highest market share thus witnessing dominance.
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Global skim coats building products market is expected to reach a value of US$ 2.9 Bn by the end of 2025 with a CAGR of 6.5% during the forecast period. The polymer sub segment is poised to reflect the highest growth rate to reach a CAGR of 7.3% followed by gypsum and cement throughout the forecast period. Lime sub segment is poised to witness sluggish growth throughout the forecast period.
Global filling compound building products market is expected to reflect a volume CAGR of 5.2%. The polymer sub segment is expected to reflect a volume CAGR of 5.7%, and is expected to be the fastest growing segment in terms of both value and volume.
Global render building products market is poised to reach a value of about US$ 8.6 Bn by the end of 2025, with a high CAGR of 5.8% throughout the forecast period. The cement sub segment is expected to be the fastest growing in the render building products market to reflect a CAGR of 6.1% during the period 2017-2025, followed by the polymer sub segment.
Residential segment by end user is poised to be the fastest growing segment, reflecting a CAGR of 5.7% during the forecast period and reaching a market value of about US$ 24 Bn by the end of 2025, thus dominating the market.
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Asia Pacific is the fastest growing region, also dominating the global market with respect to market share. The APAC region is poised to reflect a higher growth rate to register a CAGR of 6.2% during the forecast period. The region dominates the global market with an estimated market value of about US$ 24 Bn by the end of 2025.
Global Building Products (Including Drywall) Market: Competitive Landscape
Persistence Market Research has analyzed all key tier companies involved in the global building products (including drywall) market. Companies such as Akzo Nobel N.V., PPG Industries, Inc., Sto SE & Co. KGaA, USG Corporation, Compagnie de Saint-Gobain, China National Building Company Limited, Rockwool International A/S, Ardex, Knauf Gips KG, Kerakoll Group, PCI Group, Parex Group SA, Mapei S.p.A, PABCO Building Products, LLC, Etex S.A., Baumit GmbH, Toupret, Caparol, JUB Group and Ceresit are featured in the report.
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Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.
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