Gypsum boards, also known as wallboards or
plasterboards, directly attached to wooden or metal framing by using any
convenient method. It consist of a non-combustible core, and employed as an
aesthetic building material. It serves as an excellent fire-resistive building
material, commonly used in interior finishes. It also prevents the transfer of
undesirable sounds to the adjoining areas in a building. It is generally used
for decorative purposes, owing to their availability in various textures,
shapes and sizes, their cost-effectiveness and flexibility. The gypsum boards
market offers light weight, fire resistant, durable, and sound control products
that are extensively used for partitions, ceilings and walls in both, interiors
and exterior of a building.
Gypsum plaster is a building white cementing
material made by complete or partial dehydration of the mineral gypsum, usually
with special retarders or hardeners added. It provides impact resistance &
protection against moisture, fire, and vapors.
The key advantages are included no shrinkage cracks, high productivity,
no curing time required, quick setting time and smooth finish etc.
According to study, “Global
Gypsum Boards and Gypsum Plaster Market Status (2015-2019) and Forecast
(2020-2024) by Region, Product Type & End-Use” the key companies operating
in the global gypsum boards and gypsum plaster market are China National
Building Material Company Limited, BGC Plasterboard, Everest Industries
Limited, CGC Inc., Jason plasterboard Co. Ltd., Chiyoda Ute Co. Ltd., Shri
Giriraj Trading Co., Continental Building Products, USG Zawawi Drywall LLC SFZ,
Georgia-Pacific, PABCO Building Products LLC, Global Gypsum Board Co LLC, VANS
Gypsum Pvt. Ltd., Gypsum Factory, USG Corporation, LafargeHolcim, Saint-Gobain,
Qatari Gypsum, VOLMA.
Based on product type, gypsum boards and
gypsum plaster market is segmented into gypsum plaster and gypsum board. Gypsum
plaster segment is further sub-segmented into manually applied plaster,
finishes, machine-applied plaster, and others. Gypsum board segment includes
wall board, pre-decorated boards, ceiling board and others. Wall boards segment
is estimated to exhibit substantial growth rate due to their wide application
area during the forecast period. Based on thickness, market is segmented into
1/2-inch, 5/8 inch and others. In addition, based on application, market is
segmented into institutional sector, residential sector and others. The
residential segment is estimated to witness higher CAGR because of rise in
urban population and enhanced purchasing power during the forecast period.
The gypsum boards and gypsum plaster market is
driven by rise in development in the construction sector, followed by rise in
disposable income, growth in technological advancements, increase in demand for
improved infrastructural facilities in both commercial and residential sectors,
rapid industrialization and rise in adoption of gypsum boards as significant
building materials. However, prone to
water damage and fluctuation in the import pricing of raw materials may impact
the market. Moreover, rise in awareness of consumers about environment-friendly
& safer construction materials is a key opportunity for market.
Furthermore, change in lifestyle of people has resulted in increasing
preferences towards complicated & new ceiling designs coupled with high
strength, high ductility, fire proofing and other properties are major trend
for market.
Based on geography, the Asian-Pacific is a
leading region in global gypsum boards and gypsum plaster market owing to rise
in demand for improved housing construction and improved living standards in
the region. The North-American and European regions are estimated to witness
higher growth rate due to upsurge in urbanization coupled with migration
towards urban regions over the forecast period. In upcoming years, it is
anticipated that future of the market will be optimistic as a result of rise in
expenditure in the residential construction sector during the forecast period.
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