Gypsum Board Market Analysis
As per the report presented by Market Research Future (MRFR), the global gypsum board market share is expected to exhibit moderate growth over the forecast period. The market is anticipated to reach a decent valuation over 2021. The expansion of the global market is primarily attributable to the growth of the construction sector.
Developing economies resonate strong opportunities for growth owing to an exponential rise in construction and infrastructural projects. According to the report, key country-level gypsum board markets would be Brazil, India, China, Mexico, etc. The construction industry in developing nations is projected to attract massive investments from foreign dignitaries and organizations. This, in turn, is prognosticated to augment the gypsum board market over the next couple of years.
Residential application of gypsum board is forecasted to have a major impact on the growth of the market in the forthcoming years. These boards are extensively used for decoration. Easy installation fireproof properties are expected to drive the growth of the gypsum board market in the foreseeable future. Other factors such as population explosion, rapid industrialization, etc. are likely to benefit the expansion of the market. On the flip side, price volatility of raw materials and prone to water damage factors are poised to check the expansion of the market in the upcoming years.
Market Segmentation:
By type, the global gypsum board market has been segmented into regular gypsum board and type x gypsum board.
By applications, the gypsum board market has been segmented into residential, institutional, commercial and others.
By product, the global gypsum board market has been segmented into gypsum wallboard and gypsum ceiling board.
Regional Analysis:
The geographical assessment of the global gypsum board market spans across North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). North America is expected to have a substantial share in the global market owing to revamp activities being undertaken in the construction industry of the region. The U.S. is anticipated to exhibit rapid developments over the next couple of years. Asia Pacific signifies strong developmental opportunities. The elevation in the standard of living and rising disposable income has led to an increase in economic activities in the construction sector. It is further forecasted to have a favorable impact on the growth of the gypsum board market in the years to come. China is likely to drive the growth of the regional gypsum market in the upcoming years owing to rising investments and increasing infrastructural projects.
Competitive Dashboard:
Some of the key players with a fair share in the market share analysis are American Gypsum, Georgia-Pacific, Certainteed, National Gypsum, Knauf Dubai, Pabco Gypsum, Etex Group, Taishan Gypsum, Gulf Gypsum, and Lafarge.
Industry News:
In February 2019, Travancore Titanium Products Ltd, the leading manufacturer of anatase grade titanium dioxide in India, has announced the launch of five products for diversification. These new products include white gypsum, iron oxide, bricks, road-marking paint, and interlocking tiles.
In December 2018, Swedish filtration technology company, NovaTek AB, Flowrox Oy, has announced the launch of its Flowrox Ceramic Disc Filter and Flowrox Filter Press. NovaTek filters are found to be used in power plants in the separation of gypsum.
In September 2018, Nornickel, a Russian nickel and palladium mining and smelting company, has unveiled its Sulphur Project at its copper plant. The project is expected to facilitate the capturing of Sulphur dioxide as well as byproducts such as gypsum and Sulphur.
In February 2018, Dubai Municipality has announced the introduction of a conformity service Dubai Central Laboratory for gypsum boards. Certification will be done based on BS EN 520 and ASTM C1396 standards.