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Gypsum board, also known as drywall and plasterboard, refers to a panel made using a mixture of gypsum and water which is pressed between two sheets of thick paper and widely used as a construction material. The report further anticipates the market to reach a value of US$ 31.7 Billion by 2024, at a projected CAGR of 5.8% over the forecast period.
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3. Report DescriptionReport Description and Highlights
Global Gypsum Board Market Overview:
Gypsum board, also known as drywall and plasterboard, refers to a panel made using a mixture of
gypsum and water which is pressed between two sheets of thick paper and widely used as a
construction material. It is widely used in the construction industry for preparing walls, ceilings and
partition systems, particularly in the residential and commercial building projects. Gypsum board is
considered as a faster alternative to conventional plastering process. Some of the benefits of using a
gypsum board include durability, lightweight, cost-effectiveness, ease of installation, fire-resistance,
etc. A new research report by IMARC Group, titled “Gypsum Board Market: Global Industry Trends,
Share, Size, Growth, Opportunity and Forecast 2019-2024”, estimates that the market was worth US$
22.4 Billion in 2018. The report further anticipates the market to reach a value of US$ 31.7 Billion by
2024, at a projected CAGR of 5.8% over the forecast period.
Global Gypsum Board Market Drivers/Constraints:
• The production of gypsum board deteriorated consistently since the year 2008-2010 owing to
the downturn in the construction industry. Nevertheless, in the year 2011, the industry
started to recover gradually leading to a rise in the demand for gypsum boards across the
world.
4. Report DescriptionReport Description and Highlights
120.2
125.5 130.8 136.1 141.4 146.7 152.0 157.3
0
20
40
60
80
100
120
140
160
2011 2012 2013 2014 2015 2016 2017 2018
inBillionUS$
160.0 165.3 170.6 175.9 181.2 186.5
0
20
40
60
80
100
120
140
160
180
2019 2020 2021 2022 2023 2024
InBillionUS$
• In addition, rising disposable incomes, rapid urbanisation as well as growing awareness of
consumers about environment-friendly and safer construction materials have increased the
demand for gypsum boards in retrofitting and renovation of oil buildings.
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plant/requestsample
5. Report DescriptionReport Description and Highlights
• Some of the other factors that are propelling the growth of the global gypsum board market
include rising population, surging infrastructural developments, large-scale industrialisation,
favourable government initiatives and growing demand for quality housing and enhanced
living standards.
• However, there are several factors which are acting as a hindrance to the growth of the
market. While it is easy to apply plaster at any curvy spaces, applying gypsum board over
intricate surfaces can be a challenge.
Key Market Segmentation:
Market Segmentation by Product Type
• Wallboard
• Ceiling Board
• Pre-decorated Board
• Others
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6. Report Description
Report Description and Highlights
On the basis of type, wallboard represents the largest segment in the global gypsum board market as it
is predominantly used as an interior surfacing for buildings. Wallboard is followed by ceiling pre-
decorated board and others.
Market Segmentation by End-Use
• Residential
• Corporate
• Commercial
• Institutional
Based on end-use, the report finds that residential is currently the largest end-use sector of gypsum
board. This can be accredited to the increasing affordable housing projects worldwide. Residential is
followed by corporate, commercial and institutional.
Market Segmentation by Region
• Asia Pacific
• Europe
7. Report DescriptionReport Description and Highlights
• North America
• Middle East and Africa
• Latin America
On a geographical front, Asia Pacific enjoys a leading position in the market. Asia Pacific is followed by
North America, Western Europe, Eastern Europe, Middle East and Africa, and Central and South
America.
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players.
• BNBM Group
• Saint-Gobain
• Knauf
• Etex
• USG Boral
• Yoshino
8. Report DescriptionReport Description and Highlights
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Partial List of Clients
10. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients