The global plasterboard market is predicted to grow at a promising 5.5% CAGR over the assessment period (2016-2022). Plasterboards also known as wallboard, drywall, gypsum board or gyprock is a widely utilized building material. It is mostly used in commercial and residential frame construction as a ceiling lining or internal wall boards, giving the frames various properties namely eco-friendliness, reducing noise transmission effectively across the walls and accumulation of moisture in kitchens and bathrooms. This depends on the different additives that are added to the ultimate plasterboard product. Plasterboards possess good acoustic and thermal insulating properties and is also fire-resistant in nature. It is not ideal for use especially in wet areas. The various types of plasterboards include flexible plasterboards that is used on curved surfaces, acoustic plasterboard that is used in home theatres, water-resistant plasterboard that is used in laundry rooms, bathrooms, kitchen and fire-resistant plasterboard that is used in fire hazard areas.
There are plentiful factors that is boosting the growth of the plasterboard market. These factors as per the Market Research Future (MRFR) report include rising consumer preference for durable and low-cost construction materials, easy installation, rapid urbanization, growing government focus on the development initiatives for encouraging infrastructural development in non-residential and residential sectors, accessibility of sufficient raw materials, and development of innovative products. The additional factors include increase in construction and building industries, increased prevalence of smart buildings, convenience in the use of plasterboard, low weight content and durability and limitations in the capability of recycling construction material. On the contrary, environmental concerns coupled with dearth of recycling plants that create difficulties in the use and disposal of plasterboard are factors that may hinder the growth of the plasterboard market.
MRFR report provides an extensive segmental analysis of the plasterboard market on the basis of type, edge type and application.
Based on type, it is segmented into fire resistant, sound insulation, damp proof, moisture resistant, insulated and others. Of these, the fire-resistant segment will have the largest share in the market over the assessment period.
Based on edge type, the plasterboard market is segmented into square-edge, rounded and others.
Based on application, it is segmented into non-residential and residential. Of these, the non-residential segment will dominate the market over the assessment period owing to the different benefits that it offers such as allows flexible architecture, helps in repair and easy installation that results in quick construction.
By region, the plasterboard market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Rest of the World. Of these, North America will sway the market over the assessment period owing to technological superiority, handsome revenue and burgeoning need for construction material that is eco-friendly. The plasterboard market in the APAC region is predicted to grow at the fastest pace over the assessment period. Emerging countries namely India and China have witnessed a notable growth owing to expansion of numerous international players here. Besides, increasing construction activities especially in developing economies, rising economy, rapid industrialization and increasing investments made in the construction sector are propelling the market growth in this region.
The global plasterboard market is fragmented and competitive. It has enough opportunities and new entrants will find it ideal for their benefits. The competition in this market is intense and the key players are adopting various strategies to have a better foothold such as mergers, acquisitions, collaborations and others.
Leading players profiled in the plasterboard market include Yoshino Gypsum Co., Ltd, LLC, National Gypsum Company Properties, Etex, Lafarge, Saint-Gobain, PT Siam-Indo Gypsum Industry, Chiyoda UTE Co., Ltd., Boral Limited, Beijing New Building Material (Group) Co., Ltd, BGC Plasterboard, Knauf Insulation, Gyprock, and others.
April 2019- Saint-Gobain has recently acquired KNAUF Mexico, the leading manufacturer and distributor of plasterboard. This acquisition will mark the entry of Saint-Gobain into the Mexican plasterboard market thereby rounding out its present plasterboard offering for ceilings and buildings.