NEW YORK, Nov. 20, 2023 /PRNewswire/ -- The plasterboard market in APAC size is expected to grow by USD 3.63 billion between 2023 and 2028. However, the growth momentum of the market will progress at a CAGR of 8.11% during the forecast period. The market is segmented by Type (Square-edged and Tapered-edged) and End-user (Residential and Non-residential).
The rapid urbanization coupled with a rise in construction activities drives the market growth. The growing population leads to an upsurge in the construction of residential and commercial establishments. Thus, the rise in construction projects is expected to increase the demand for several products, which enhance the aesthetic appeal of the establishments, including plasterboard. The growth in the number of commercial and residential buildings, coupled with rapid urbanization drive growth of the market in APAC. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View a Free PDF Sample
Key Higlights:
- The report recognizes the following as some of the key players in the plasterboard market in APAC: ATISKAN STRUCTURE AND INDUSTRIAL GYPSUM PRODUCTS INDUSTRY. VE TIC. Inc., BGC Australia PTY Ltd., China National Building Material Co. Ltd., Chiyoda Ute Co. Ltd., CSR Ltd., Compagnie de Saint Gobain, Eagle Materials Inc., Etex NV, Fletcher Building Ltd., Gypelite India Pvt. Ltd., India GYPSUM PVT. LTD., Knauf Gypsum Pty Ltd., and Koch Industries Inc.
- Plasterboard Market in APAC is concentrated in nature.
- Market to observe 7.55% YOY growth in 2024.
Market Dynamics:
Trend
- The development of advanced plasterboard materials is an emerging market trend.
- The market players are constantly concentrating on enhancing the technologies and characteristics of products to improve customer satisfaction.
- Some of the major features of these products include superior breaking strength, crisp edges with cleaner cuts, and ease of lifting.
- Thus, its adoption is expected to increase for ceiling lining in residential establishments.
Challenge
- The volatility in raw material prices and the presence of various local players challenge the market growth.
- Knauf Gips, Compagnie de Saint-Gobain, and LafargeHolcim Ltd. (LafargeHolcim) are some of the major market players.
- They experience fluxes in profit margins owing to the volatility in raw material prices and the rising competition among global and local APAC plasterboard market players.
- Factors such as cost-driven end-users prefer reasonable-priced plasterboards rather than investing in costly products manufactured by the global market players.
The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing the report.
Keg Segments:
- The square-edged segment is significant during the forecast period. This is a plasterboard with square edges, which consists of sheets with uniform, straight borders. Furthermore, this kind of plasterboard ceiling option is frequently preferred due to the factor that joints are more flush, which decreases their visibility. They have various advantages over tapered edges, including being less expensive, simpler to install, and suitable for ceiling construction. Owing to such advantages, the growth of the square-edge plasterboard segment will observe positive growth. This, in turn, will boost the growth of the Asia Pacific - plasterboard market during the forecast period. Get a glance at the market contribution of the segments, Request a FREE Sample
The mica market size is estimated to grow at a CAGR of 3.15% between 2023 and 2027. The market size is forecast to increase by USD 97.85 million.
The gypsum board market is estimated to grow at a CAGR of 7.45% between 2022 and 2027. The size of the market is forecast to increase by USD 15,865.52 million.
Plasterboard Market In APAC Scope |
|
Report Coverage |
Details |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.11% |
Market growth 2024-2028 |
USD 3.63 billion |
Market structure |
Concentrated |
YoY growth 2022-2023 (%) |
7.55 |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Type
Market Segmentation by End-user
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
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Contacts
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SOURCE Technavio
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