As per the report presented by Market Research Future (MRFR), the global gypsum board market is expected to exhibit moderate growth over the forecast period. The market is anticipated to reach a decent valuation over 2021. The expansion of the global market is primarily attributable to the growth of the construction sector.
Hence, Global drywall & gypsum board market is expected to grow at 5.95% CAGR during the forecast period.
Residential application of gypsum board is forecasted to have a major impact on the growth of the market in the forthcoming years. These boards are extensively used for decoration. Easy installation fireproof properties are expected to drive the growth of the gypsum board market in the foreseeable future. Other factors such as population explosion, rapid industrialization, etc. are likely to benefit the expansion of the market. On the flip side, price volatility of raw materials and prone to water damage factors are poised to check the expansion of the market in the upcoming years.
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Competitive Analysis
• USG Zawawi Drywall LLC SFZ (Oman)
• Global Mining Co. LLC (Oman)
• Gypsemna Co. LLC (Dubai)
• National Gypsum Co. (U.S.)
• Gulf Gypsum Co. (Qatar)
• Lafarge Group (France)
• Etex Group (Belgium)
• Taishan Gypsum Co. (China)
• Saint – Gobain Gyproc India Ltd (India)
• Kingspan Group Plc. (Ireland)
• Yoshino Gypsum Co., Ltd. (Japan.)
• Supress Products, LLC (U.S.)
• Winstone Wallboards Limited (New Zealand)
• Gyptec Iberica (Portugal)
Market Segmentation:
By type, the global gypsum board market has been segmented into regular gypsum board and type x gypsum board.
By applications, the gypsum board market has been segmented into residential, institutional, commercial and others.
By product, the global gypsum board market has been segmented into gypsum wallboard and gypsum ceiling board.
Regional Analysis:
The geographical assessment of the global gypsum board market spans across North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). North America is expected to have a substantial share in the global market owing to revamp activities being undertaken in the construction industry of the region. The U.S. is anticipated to exhibit rapid developments over the next couple of years. Asia Pacific signifies strong developmental opportunities. The elevation in the standard of living and rising disposable income has led to an increase in economic activities in the construction sector. It is further forecasted to have a favorable impact on the growth of the gypsum board market in the years to come. China is likely to drive the growth of the regional gypsum market in the upcoming years owing to rising investments and increasing infrastructural projects.
Industry Updates
May 02, 2019: The Gold Bond brand SoundBreak XP Ceiling Board is the latest addition to National Gypsum’s PURPLE family of noise-reducing drywall products. The SoundBreak XP drywall units comprise two pieces of gypsum board which is covered in a specially-designed purple paper and is laminated with a viscoelastic polymer. The boards measure 3/4 inches thick, four feet wide, and features standard lengths of 8 to 10 feet.
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