The global Plasterboard Market size was USD 24,380 Million in 2022 and is expected to reach USD 41,189.5 Million in 2032, and register a rapid revenue CAGR of 6% during the forecast period. Increasing construction activities, rising urbanization, and rapid expansion in the building construction industry are major factors driving market revenue growth. Plasterboards are becoming increasingly popular in both commercial and residential construction due to their affordability, lightweight, and ease of installation.
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Top Leading Players in The Global Plasterboard Market Are:
Atiskan Gypsum Products Co. Inc., Armstrong World Industries Inc., Etex Group, Ayhaco Gypsum Products, Georgia Pacific LLC, Fletcher Building Ltd, Gypsemna, Gyprock, Gypsum Management and Supply Inc., Gyptec Iberica, Jason Plasterboard Co. Ltd, LafargeHolcim Ltd, Mada Gypsum Company, National Gypsum Company, Saint-Gobain SA, Siniat Ltd, Tanzania Gypsum Limited, and USG Corporation Boral Ltd, among others.
Further key findings from the report suggest:
- Among the edge types, square-edge accounts for the largest market share of ~25% in the year 2019. The tapered-edge segment is forecasted to witness a CAGR of 6.1% during the forecast period. Tapered-edge boards are ideal for either jointing or skimming, while the square-edge boards are generally used for textured finishes. Both square and tapered-edged boards are very common among consumers and are easily available in the market.
- The fire-resistant products are anticipated to witness the highest growth rate of 6.4% during the forecast period. Type X fire-resistant plasterboards are specially treated with additives to improve its fire-resistive qualities. The paper on the exterior of the board burns slowly and does not contribute to fire spread. Also, the board has a non-combustible core that contains chemically combined water in calcium sulfate, comes out as steam when affected by the fire.
- The Asia Pacific region held the largest market share of ~31% in the year 2019 and is anticipated to witness the highest CAGR of 6.2% during the forecast period. High construction infrastructure spending in emerging economies, including China and India, are majorly escalating the demand for plasterboard.
- Moreover, the growing transportation and tourism industry in the region has led to an increased demand for warehouses, hotels, restaurants, and others, which positively impacts the market growth.
Segments covered in the report:
Product Type Outlook (Volume, Kilo Tons and Revenue, USD Million; 2017-2027)
- Moisture-resistant
- Sound-insulated
- Fire-resistant
- Thermal
- Impact-resistant
- Others
Edge type Outlook (Volume, Kilo Tons and Revenue, USD Million; 2017-2027)
- Square
- Tapered
- Round
- Beveled
- Others
End-User Outlook (Volume, Kilo Tons and Revenue, USD Million; 2017-2027)
- Industrial
- Commercial
- Residential
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Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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