Global Plasterboard Market Share | 2022 - 2028 | Technology & Application | Share to Massive Grwoth up to USD 30923.61 Million By 2028 | Exhibit a CAGR of 5.2%: Zion Market Research
NEW YORK, April 20, 2022 /PRNewswire/ -- As per Zion Market Research study, the global plasterboard market was worth around USD 22813.70 million in 2021 and is estimated to grow to about USD 30923.61 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.2 percent over the forecast period. The report analyzes the Plasterboard market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Plasterboard market.
Key Industry Insights & Finding of the Plasterboard Market Reports:
- As per the analysis shared by our research analyst, the Plasterboard Market is expected to grow annually at a CAGR of around 5.2% (2022-2028).
- Through the primary research, it was established that the Plasterboard Market was valued approximately USD 22813.70 Million in 2021 and is projected to reach to roughly USD 30923.61 Million by 2028.
- The Asia Pacific region leads the global Plasterboard market and is expected to maintain this stance over the forecast period.
Zion Market Research published the latest report titled as "Plasterboard Market By Type (Standard, Fire-Resistant, Sound-Insulated, Moisture-Resistant, Thermal, Specialist, Impact-Resistant, Triple Low-E, Gas-Filled), By Form (Tapered-Edged, Square-Edged), By End-Use Sector (Residential, Non-Residential), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028." into their research database.
Plasterboard Market: Overview
Plasterboard is used in multiple construction applications such as noise reduction and in the ceiling lining to improve the quality of the construction. These Plasterboards come in different form factors that is of different sizes and shapes and hence can be used in multiple application due to their flexibility.
Increasing urbanization and industrialization have propelled the demand for infrastructure across the world and hence this will majorly drive the Plasterboard market potential over the forecast period. Rising demand for better solutions in the construction industry will also majorly influence the Plasterboard market potential and is expected to see steady growth over the forecast period.
However, the high cost of production of these plasterboards is expected to have a hindering effect on the global Plasterboard market potential. Also, stringent government norms for construction are also anticipated to have a negative impact on the Plasterboard market potential through 2028.
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Industry Dynamics:
Plasterboard Market: Growth Dynamics
Increasing demand for Infrastructure Development
Urbanization and industrialization have led to a substantial increase in demand for infrastructure across the world and this trend is anticipated to boost the Plasterboard market potential in the long run. Increasing use of Plasterboard in construction activity will help the market grow at a steady pace over the forecast period and increasing demand for advanced plasterboards is also expected to act in favor of Plasterboard market growth. High demand from India and China is expected to be recorded owing to rising construction activity in these countries.
Plasterboard Market: Restraints
High cost of Production
Plasterboard are observed to have high production and manufacturing costs and this is expected to restrain its adoption in multiple applications. Especially from the emerging economies where the spending potential is very low, the Plasterboard market will experience a lapse in growth. This will affect the overall Plasterboard market growth and slow it down substantially. Another factor that restrains market growth is stringent government mandates regarding the use of Plasterboard in construction and these make it hard for Plasterboard companies to introduce standard products and hence resulting in hindering Plasterboard market potential.
Plasterboard Market: Segmentation
The global Plasterboard market is segregated based on type, form, end use sector, and region.
By Type, the market is divided into Standard, Fire-resistant, Sound-insulated, Moisture-resistant, Thermal, Specialist, Impact-resistant, Triple low-e, and gas-filled. The fire resistant and moisture resistant segments are expected to see high demand in industrial applications to reduce the maintenance costs and enhance the productivity of infrastructure.
By end use sector, the Plasterboard market is segmented into residential and non-residential. The non residential sector is expected to see high demand owing to rising industrialization across the globe which has increased construction activity in this sector and this trend is expected to be prominent over the forecast period as well.
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Recent Developments
- In October 2021 – Bullfix announced the launch of its new plasterboard that is a new and faster fixing solution for the construction industry.
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List of Key Players of Plasterboard Market:
- Armstrong World Industries Inc. (U.S.)
- Etex Group (Belgium)
- Saint-Gobain S.A. (France)
- Gypsum Management and Supply Inc. (U.S.)
- USG Corporation (U.S.)
- Georgia Pacific LLC (U.S.)
- Boral Limited (Australia)
- KNAUF Gips KG (Germany)
- Fletcher Building Limited (New Zealand)
- LafargeHolcim Ltd. (Switzerland)
- National Gypsum Company (U.S.).
- Mada Gypsum Company (Saudi Arabia)
- Beijing New Building Material Group (China)
- Gypsemna (UAE)
- Gyprock (Australia)
- Siniat Ltd (U.K.)
- Ayhaco Gypsum Products (UAE)
- Ahlstrom Corporation (Finland)
- Tai Shah Gypsum Co. (China)
- Yoshino Gypsum Co.Ltd. (Japan)
- Tanzania Gypsum Limited (Tanzania)
- Atiskan Gypsum Products Co Inc. (Turkey)
- Jason Plasterboard Co. Ltd. (China)
- Gyptec Iberica (Portugal).
Key questions answered in this report:
- What are the growth rate forecast and market size for Plasterboard Market?
- What are the key driving factors propelling the Plasterboard Market forward?
- What are the most important companies in the Plasterboard Market Industry?
- What segments does the Plasterboard Market cover?
- How can I receive a free copy of the Plasterboard Market sample report and company profiles?
Report Scope:
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Regional Dominance:
The Asia Pacific region leads the global Plasterboard market and is expected to maintain this stance over the forecast period as well owing to high infrastructural development in this region. Rapid urbanization and industrialization have led to a massive increase in construction activity in this region and are influencing the Plasterboard market potential in this region through 2028. The emerging economies of China and India owing to rising demand for infrastructure development will see high potential for Plasterboard market growth over the forecast period.
The market for Plasterboard in North America will also account for a substantial share and the United States is expected to be the most prominent market in this region owing to high residential construction activity.
Global Plasterboard Market is segmented as follows:
Plasterboard Market: By Type Outlook (2022-2028)
- Standard
- Fire-resistant
- Sound-insulated
- Moisture-resistant
- Thermal
- Specialist
- Impact-resistant
- Triple low-e, gas-filled
Plasterboard Market: By Form Outlook (2022-2028)
- Tapered-edged
- Square-edged
Plasterboard Market: By End-Use Sector Outlook (2022-2028)
- Residential
- Non-residential
Plasterboard Market: By Region Outlook (2022-2028)
North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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