Drywall & Gypsum Board Market Analysis, Segments, Key Players, Drivers, Trends, and Forecast 2017 to 2023 - Market Research Future

Market Research Future published a half-cooked research report on Global Drywall & Gypsum Board Market that contains the information from 2017 to 2023. Global Drywall & Gypsum Board market is expected to grow with the CAGR of approximately 5.95% from 2017 to 2023.

Taste the market data and market information presented through more than 85 market data tables and figures spread in 140 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Drywall & Gypsum Board Market Information from 2017 to 2023"

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Gypsum boards are light weight construction materials that are widely being used as walls, ceilings and for partitions in both, residential and non-residential structures. They are often called drywall, wallboard or plasterboard. It provides sound control, versatility, quality, convenience and their non-combustible core makes them different from plywood, hardboard and fiberboard. Thus, they have become prevalent and are serving as a faster alternative to traditional lath and plaster. Growing construction industry, across the globe is major factor driving the growth of the market. Moreover, the growing popularity of drywall in residential construction, drives the growth of the market. However, fluctuating price of raw materials, may restrict the growth of the market.

For the purpose of this study, the global drywall & gypsum board market has been divided based on products, end-users and regions. On the basis of product, wallboard accounts the largest market share, and is expected to remain dominant over the forecast period. Based on end-users, residential sector dominates the application segment of the market and is expected to grow at the highest CAGR during the forecast period.

Hence, the global drywall & gypsum board market is expected to grow at CAGR of 1.37% during the forecast period.

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Asia Pacific region dominates the global drywall & gypsum board market
Geographically, the global drywall & gypsum board market has been divided into four major regions such as North America, Europe, Asia Pacific and Rest of the World. Asia Pacific region, has accounted for the largest market share. Rapid growth in construction sector in Asia Pacific region, is the primary factor driving the growth of the market. The FDI inflows in construction in Asia Pacific region, has led to increased construction projects and real-estate development. This, along with FDI in retail, has pushed the number of retail outlets in the region. This induces the demand for modular construction in the region.

Additionally, major players are targeting the Asia Pacific region, mainly due to the availability of low-cost labor, and availability raw material stocks. Hence, production facilities are increasing at a decent rate. This also has a positive effect on the growth of the market. China, Japan, India, and Singapore are the major markets in Asia Pacific region.

North America is another major market for the drywall & gypsum board. U.S. is the largest contributor in global and North America Drywall & Gypsum Board market. Strong development in commercial and residential structures in the U.S., is anticipated to fuel the demand for market in the region. Increasing repair and rehabilitation activities of existing infrastructure, create huge potential demand for market in coming years. In rest of the world, Middle East region is expected to contribute, significantly, during the forecast period, mainly due to increasing construction spending and high economic growth.

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 USG Zawawi Drywall LLC SFZ (Oman)
 Knauf Middle East (Dubai)
 Gypsemna Co. LLC (Dubai)
 Global Mining Co. LLC (Oman)
 Gulf Gypsum Co. (Qatar)
 National Gypsum Co. (U.S.),
 Etex Group (Belgium)
 Lafarge Group (France)
 Saint - Gobain Gyproc India Ltd (India)
 Taishan Gypsum Co. (China)

This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global construction lift market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.

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