Drywall & Gypsum Board Market 2023: Trends and Growth, Segmentation and Key Comp

Posted by Market Research Future on November 30th, 2018

Market Synopsis of Global Drywall & Gypsum Board Market

Geographically, the global drywall & gypsum board market has been divided into four major regions of North America, Europe, Asia Pacific and Rest of the World. Asia Pacific region, has accounted for the largest market share, in 2016, followed by Europe and North America. Rapidly growing construction activities in the region drive the demand of the market. China, Japan, India, and Singapore are the major markets in Asia Pacific. Economic growth in the region has allowed for a greater requirement of institutional and commercial infrastructure spaces. This fuels the growth of the market. Key players across the globe are gradually shifting their production facilities to cater to high potential markets in Asia Pacific, mainly due to the availability of low-cost labor and ample raw material stocks. This has the positive influence on the growth of the market. China is one of the leading markets in the Asia Pacific region. The Chinese Government issued several favorable policies for lowering the proportion of down payment for second house loans and exempting of sales tax for ordinary housing, which helped the recovery of commercial housing market. This will influence the growth of the market, positively.

North America is another major market for the drywall & gypsum board. Growing residential and non-residential construction activities, drive the growth of the market. The use of drywall in residential construction in Europe, is expected to increase due to its rising popularity. In rest of the world, Middle East & South America regions are expected to contribute, significantly, during the forecast period, mainly due to changing lifestyle and high growth in construction sector.

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Global Drywall & Gypsum Board Market Segmentation:

For the purpose of this study, the global drywall & gypsum board market has been segmented on the basis of products, end-users, and regions. On the basis of product, the market has been segmented as wallboard, ceiling board, pre-decorated board, and others. Among the product, Wallboard accounts for the largest market share, and is expected to remain dominant over the forecast period, mainly due to growing application of wallboard in the construction of shops, offices and malls, with its usage as wall partition system. The ceiling board segment is expected to contribute, significantly, during the forecast period, mainly due to increased demand from residential, and non-residential construction sectors.

On the basis of end-user, the market has been segmented as residential and non-residential. Residential dominates the application segment of the market, and is expected to grow at the highest CAGR during the forecast period. Rise in demand for drywall & gypsum board across the residential segment, attributed to changing consumer lifestyle and increased consumer disposable income. Moreover, rise in home improvement and renovation projects also fuel the demand of the market in residential applications. Non-residential sector is expected to contribute significantly during the forecast period mainly due to increase in demand from the hospitality, corporate offices, and education.

Characterized by the presence of several well-established and small players, the global market for drywall & gypsum board appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch to gain competitive advantage in this market, and to maintain their market position. These key players compete based upon pricing, and services. Vendors operating in the market strive to deliver the best quality products and services based on innovative technologies, and best practices. These key Players make a substantial investment for R&D and to secure a guaranteed resource for the customers.

Hence, global drywall & gypsum board market is expected to grow at ~ 5.95% CAGR during the forecast period.

The prominent players in the drywall & gypsum board market include USG Zawawi Drywall LLC SFZ (Oman), Knauf Middle East (Dubai), Gypsemna Co. LLC (Dubai), Global Mining Co. LLC (Oman), Gulf Gypsum Co.  (Qatar), National Gypsum Co. (U.S.), Etex Group (Belgium), Lafarge Group (France), Saint - Gobain Gyproc India Ltd (India), Taishan Gypsum Co. (China), Yoshino Gypsum Co., Ltd. (Japan.)., Kingspan Group plc. (Ireland), Winstone Wallboards Limited (New Zealand), Supress Products, LLC (U.S.), and Gyptec Iberica (Portugal).

The report for Global Drywall & Gypsum Board Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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