Gypsum Board Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Russia, Spain China, India, Japan, South Korea, Malaysia, Thailand, Australia, Brazil, South Africa, Saudi Arabia, UAE), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI3979
Gypsum Board Market size statistics is likely to witness a significant gain owing to growing industrialisation and population resulting in residential space demand. This board is majorly utilised in construction industry owing to persuading attributes including versatility, ease of installation, fire resistance, isolation, durability and economical which should accelerate industry growth.
Gypsum board is a panel made from calcium sulphate dihydrate which is extruded between thick sheets of facer & backer paper majorly utilized for interior walls and ceilings construction. The plaster present between thick sheet is a mixture of fibre, plasticizer, ground gypsum crystal, foaming agent, EDTA & starch that decreases mildew, increases fire resistance and lower water absorption. This board finds major applications in sectors including residential, institutional, industrial and commercial construction which should promote industry growth.
Gypsum board market size from wall board type may experience robust growth in the projected time frame. Rising wallboard demand for applications including interior walls, surfacing and shop, offices & malls partitions owing to faster installation properties compared to traditional plaster & lath should propel industry growth. Rising government infrastructure development including institutions, schools and hospitals should accelerate product demand.
Gypsum board market size from ceiling board type may witness a steady demand over forecast period owing to rising interior decoration demand. Growing product utilisation owing to persuading characteristics including enhancing aesthetics value, low maintenance cost and lightweight should propel industry growth. Shifting consumer preference towards gypsum board over PVC due to superior impact strength and thermal insulation is likely to promote product demand.
Gypsum board market size from commercial sector may experience appreciable growth in the projected time frame. Rising commercial spaces demand due to growing service and manufacturing sector supported by rapid globalisation and vast consumer base should propel product demand. Increasing gypsum board demand in commercial space construction for office partition and interior decoration should propel industry growth.
Global real estate market may surpass USD 4 trillion by 2025 owing to rising migration and working population. Rising real estate demand has led to increasing residential infrastructure development and remodelling activities, thus driving gypsum board market growth.
Extreme or continuous exposure to moisture and high temperature make it unsuitable for installation in areas including bathrooms and kitchens due to product deterioration, thus hampering product demand. Fluctuating raw material cost due to rising import tariffs should hinder industry profitability thus affecting gypsum board market price trends.
North America, led by Mexico, Canada and the U.S. gypsum board market size is anticipated to rise significantly in the projected time period. Increasing employment and access to easy financial assistance should accelerate construction industry, thus propelling product demand. Rising multifamily buildings demand owing to shifting consumer preferences towards lower housing expenses should promote product demand.
Europe, driven by UK, Spain, Italy, France and Germany gypsum board market may observe steady gains. Supportive government initiative including Construction 2020 action plan aiming to improve investment security for renovation, human capital, resource efficiency and internal construction market should promote European construction sector, thus driving regional gypsum board market growth.
Asia pacific, led by Australia, South Korea, Japan, India and China gypsum board market is anticipated to experience significant growth owing to rising government infrastructural investments. Supportive government initiatives including China New Urbanisation Project 2014-2020 aiming to provide social housing for migrants and existing urban facilities expansion should stimulate gypsum board industry growth. Rising construction activities in India owing to government initiatives including Housing For All by 2022 along with 100% FDI in construction sector should promote regional market growth.
Gypsum board market share is moderately fragmented. The key industry participants operating in the market includes Pabco Gypsum, Taishan Gypsum Certainteed, Georgia-Pacific, National Gypsum, Etex Group, American Gypsum, Gulf Gypsum, Knauf Dubai and Lafarge.
Companies are predominantly focusing on acquisitions, mergers, innovation and increasing production capacities to cater worldwide product demand. In 2018, Saint-Gobain’s Gyproc India established its fourth Gypsum board manufacturing plant in Gujarat, India. Through this capacity expansion, the company will be able to increase its production capacity to 83 million square meters, thus attaining strong market position in India.
In 2019, Knauf launched its latest product named Knauf Fino. This product is categorized as lightweight gypsum C7 / 20/2 for construction as per UNE-EN 13279-1 standard. This product offers superior performance, faster recovery time, high yield and excellent finishing, thus increasing company market share.
Initiatives along with competitive pricing will support increase in market share over projected time frame. Manufacturers are predominantly investing in research for developing innovative products for obtaining sustainability, reducing environmental degradation and overall construction costs. U.S. EPA approval of utilisation of Flue Gas Desulphurisation (FGD) Gypsum which is a coproduct of coal fired power plant as an alternative to mined gypsum for manufacturing wall board should result lower environmental degradation and sustainability. Such product innovations and development should promote industry growth.
Gypsum Board Market, By Product, 2014-2025 (Million Square Metre) (USD Million)
- Ceiling Board
- Wall Board
- Pre decorated Board
Gypsum Board Market, By Application, 2014-2025 (Million Square Metre) (USD Million)
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- American Gypsum
- Pabco Gypsum
- Knauf Dubai
- Etex Group
- Gulf Gypsum
- Taishan Gypsum
- National Gypsum
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