Global Gypsum Board Market to be Driven by Revival of the Construction Sectors in North America and Asia Pacific

Some of the factors such as increasing population, rapid industrialisation, rising disposable incomes, improving living standards and growing demand from the construction industry are currently stimulating the growth of the global gypsum board market

A recently released report by IMARC Group titled “Gypsum Board Market – Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue” provides a detailed insight into the global gypsum board market. Gypsum boards, also known as drywall, wallboard or plasterboard, are innocuous building material for walls, ceilings, cabins, partition systems, etc. Recyclable in nature, these boards are chiefly composed of gypsum (chemically known as calcium sulphate). The installation process of gypsum boards is quite easy, time-saving and ensures less wastage as they can be directly applied over wood, furring or even metal framing. Further, gypsum boards are equipped with fire-resistance capability and have a control over heat penetration which makes them different from plywood, hardboard and fibreboard. In addition, these boards do not emit any poisonous gas at high temperatures. Although gypsum boards cannot be used in moist locations like near wash basins and rest rooms, these boards are still preferred by buyers as they are cost effective, light-weight, durable, stable, sound proof, aesthetic in appearance and can hide framing imperfections. Moreover, the plain surface of these boards provide flexibility which helps in creating any ceiling shapes.

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The report cites several factors that are currently accelerating the global demand for gypsum boards. Rising population has led to an increase in the construction of new buildings. As a result, there is a growing demand for gypsum boards from the construction industry. Likewise, increasing disposable incomes along with the rising trends of safer and sustainable construction have enabled the end-users to spend more on renovations as well as new constructions. Other driving factors include growing urbanisation rates, large-scale industrialisation, improving living standards and growth in the construction industry. All these factors are likely to create a positive impact on the global market for gypsum boards. According to the report, the global gypsum board market is expected to grow at a CAGR of 6.4% during 2016-2021, reaching figures worth around US$ 28.3 Billion by 2021.

The report has segmented the global gypsum board market on the basis of major regions. Asia-Pacific currently represents the biggest market for gypsum boards accounting for 43% of the total global demand. Asia-Pacific is followed by North America, Western Europe, Eastern Europe, Africa/Middle East and Central and South America. The report has also covered some of the major players operating in this market which include BNBM Group, Saint Gobain, Knauf, Etex, USG Boral and Yoshino.

The report provides a techno-commercial roadmap for setting up a gypsum board manufacturing plant. The study, which has been done by one of the world’s leading research and advisory firms, covers all the requisite aspects of the global gypsum board market. This ranges from macro overview of the market to micro details of the industry performance, processing and manufacturing requirements, project cost, project funding, project economics including expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the gypsum board market in any manner.

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Sep 29, 2016

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