Global Plasterboard Market: Overview
Plasterboard is usually used in commercial and residential frame applications such as ceiling lining and internal wall board. It also offers various advantages such as eco-friendliness, noise control and moisture accumulation in kitchens and bathrooms depending on additives added in the final plasterboard. Plasterboards are available in a variety of thickness and sheet sizes depending on desired application. Acoustic plasterboards are helpful in restricting sound where plasterboards reduce energy loss from the wall of buildings.
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Global Plasterboard Market: Growth Factors
Plasterboard market is anticipated to show healthy growth in the near future owing to an exponential rise of construction industry coupled with emerging economies. Some prominent companies are highly investing in recent developments, evaluating their market share and expanding product portfolio, which in turn fuels the global plasterboard market. Some market players plot their strategic expansion plans to tap new growth opportunities, influencing the global market in future. Rapid urbanization and changing consumer preferences for durable and low-cost construction materials contribute to the growth of the global plasterboard market. They are gaining popularity among end-users as they are easily installed and speed up the construction process. Major companies are preferring sustainable construction methods further boosting the global plasterboard market growth. Moreover, increased spending on R&D of eco-friendly and high-performance plasterboard is anticipated to open new opportunities in the years to come. However, environmental concerns may hinder the global plasterboard market growth to some extent.
Global Plasterboard Market: Segmentation
The global plasterboard market is segmented based on form as square-edged and tapered-edged. Based on the type, the global market is categorized as triple low-end, gas-filled, thermal, standard, impact-resistant, sound-insulated, specialist, fire-resistant, and moisture-resistant. On the basis of end-users, the global plasterboard market is fragmented as non-residential buildings and residential buildings. The non-residential segment is dominating globally, as it allows flexible architecture, easy installation, quick construction, and repair. Geographically, the global market is classified as North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa.
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Global Plasterboard Market: Regional Analysis
Asia Pacific is the leading region for plasterboard. Developing economies such as India and China where industrialization is at peak accounted for the high demand for plasterboard. They are expected to be the most prominent regions in the next few years. Increasing population and rising disposal income may contribute to further market growth in future. North America is the second largest region expanding at a significant rate and is projected to continue this growth in the near future due to growing government projects and easy financial assistance by the government and private institutes.
Global Plasterboard Market: Competitive Players
Some of the major players in the global plasterboard market are Georgia Pacific LLC, Etex Group, Ayhaco Gypsum Products, Jason Plasterboard Co. Ltd, Gypsum Management, Saint-Gobain S.A., Supply, Inc. and Armstrong World Industries Inc. Other influencing players include National Gypsum, USG Corporation, KNAUF Gips KG, Tanzania Gypsum Limited, Siniat Ltd., Atiskan Gypsum Products Co Inc., Boral Ltd., Lafarge Holcim Ltd., and Fletcher Building Ltd.
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Global Plasterboard Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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