Gypsum Board Market - Forecast (2020 - 2025)
Gypsum boards, universally known as drywall, wall boards, plasterboard, gyprock or sheet rock are made up of calcined gypsum, water, paper for back and front parts of board, and a few additives. It has established immense scope of employment in the rapidly innovating and robustly growing construction industry. One of the prime aspects for its employment in commercial as well as residential infrastructures is epidemic inclination towards aesthetic appearance, which is a major catch for commercial avenues such as hotels and rental properties. As per the IndustryARC business intelligence report, the global gypsum board market is estimated to be growing at a CAGR of around 6% during the forecast period of 2019-2025 and its global market size was around $22 billion as of 2018.
The future stance of gypsum board market can be determined with the statistic that the hotel industry revenue, alone in the U.S was $208 billion in 2017, outpacing the preceding year by $10 billion[1]. This hospitality sector with a necessity for rapid infrastructural expansion to capitalize on increasing tourism employs gypsums boards owing to the easy installation and informal alterations it delivers along with economic and time efficiency. The market will divert a substantial share of revenue from contemporary plywood, hardboard, and fiberboard segments to its own domain owing to profitable constructive traits such as fire resistance, sound isolation, durability, economical and versatility.
Global Gypsum Board Market Research Scope:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Global Gypsum Board Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of boards in the Global Gypsum Board Market, and their specific applications in different phases of operations.
Gypsum Board Market Outlook:
Rapid Construction at Low Cost
The future stance of gypsum board market can be determined with the statistic that the hotel industry revenue, alone in the U.S was $208 billion in 2017, outpacing the preceding year by $10 billion[1]. This hospitality sector with a necessity for rapid infrastructural expansion to capitalize on increasing tourism employs gypsums boards owing to the easy installation and informal alterations it delivers along with economic and time efficiency. The market will divert a substantial share of revenue from contemporary plywood, hardboard, and fiberboard segments to its own domain owing to profitable constructive traits such as fire resistance, sound isolation, durability, economical and versatility.
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After an acute analysis of the gypsum board regional market aspects, the analyst of this report has evaluated the APAC region to be dominating with more than 35% of the global demand under its territory as of 2018. Such dominance can be attributed to the densely populated economies prevailing in this region such as India and China with a huge chunk of average-income population creating demand for rapid construction of housing at low-cost. Owing to this factor, which can be stated as a global rather than regional phenomenon, residential construction sector is leading the application segment with a CAGR of around 6% going through 2025.
Global Gypsum Board Market Growth Drivers:
After an acute analysis of the gypsum board regional market aspects, the analyst of this report has evaluated the APAC region to be dominating with more than 35% of the global demand under its territory as of 2018. Such dominance can be attributed to the densely populated economies prevailing in this region such as India and China with a huge chunk of average-income population creating demand for rapid construction of housing at low-cost. Owing to this factor, which can be stated as a global rather than regional phenomenon, residential construction sector is leading the application segment with a CAGR of around 6% going through 2025.
Global Gypsum Board Market Growth Drivers:
Infrastructural construction is not one-time investment, renovation and remodeling tailgate this sector. Thus, the gypsum board market has immense opportunities to capitalize on such resurfacing avenues. Time efficient, economical construction techniques and labor saving replacements are forecast to stroke the gypsum board market with abundant demand and establish it as a contemporary asset in the flourishing construction sector. Demand for better infrastructures at low cost are to support the future endeavors of gypsum board market.
Global Gypsum Board Market Challenges:
Even though the construction of dry wall is an amalgamation of industrial supplies with the working guide line by the modern tools, the most irrepressible inconsistency is delivered from the workers installing the frame to the final finishing. Training, supervision and quality control for the construction works are vital which the designer and the contractor need to correspondingly focus upon.
Global Gypsum Board Market Challenges:
Even though the construction of dry wall is an amalgamation of industrial supplies with the working guide line by the modern tools, the most irrepressible inconsistency is delivered from the workers installing the frame to the final finishing. Training, supervision and quality control for the construction works are vital which the designer and the contractor need to correspondingly focus upon.
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Global Gypsum Board Market Players Perspective:
Some of the key players profiled in this market research report are Lafarge, Saint-Gobain Gyproc, Global Mining Company LLC, BPB India Gypsum and USG Corporation.
The construction sector relevant to the real-estates, is ahead of the curve in terms of on-field innovations and technologies with gypsum boards being a classic example. The sheer affluence can be estimated by the fact that USG Corporation, a leading player in the industry, made $3.2 billion in 2107 through sales and has more than 1,000 registered trademarks worldwide along with over 2,400 active U.S. and international patents.
Global Gypsum Board Market Trends:
Global Gypsum Board Market Players Perspective:
Some of the key players profiled in this market research report are Lafarge, Saint-Gobain Gyproc, Global Mining Company LLC, BPB India Gypsum and USG Corporation.
The construction sector relevant to the real-estates, is ahead of the curve in terms of on-field innovations and technologies with gypsum boards being a classic example. The sheer affluence can be estimated by the fact that USG Corporation, a leading player in the industry, made $3.2 billion in 2107 through sales and has more than 1,000 registered trademarks worldwide along with over 2,400 active U.S. and international patents.
Global Gypsum Board Market Trends:
As per the Indian Population Census data (2011) India is home to 4.5 lakh houseless families[2]. To combat dreadful circumstances Indian Government has proposed a scheme since October 2018. Pradhan Mantri Awas Yojana (PMAY) is an initiative in which affordable housing will be provided to the urban poor with a target of building 20 million affordable houses by 31 March 2022. Such initiatives by governments towards economical and affordable housing is all set to stroke the gypsum board market with abundant demand.
In the recent years, Gypsum Association member companies are producing specialty products for targeting industrial application segment. Some of the products are exterior gypsum sheathing, abuse-resistant and impact-resistant gypsum panels, mold and moisture resistant panels and, gypsum shaftliner. Due to such immense credibility along with easy and fast installation compared to the traditional plasters, gypsum boards are employed globally in various heavy operational facilities.
In the recent years, Gypsum Association member companies are producing specialty products for targeting industrial application segment. Some of the products are exterior gypsum sheathing, abuse-resistant and impact-resistant gypsum panels, mold and moisture resistant panels and, gypsum shaftliner. Due to such immense credibility along with easy and fast installation compared to the traditional plasters, gypsum boards are employed globally in various heavy operational facilities.
Global Gypsum Board Market Research Scope:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Global Gypsum Board Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of boards in the Global Gypsum Board Market, and their specific applications in different phases of operations.
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