Drywall & Gypsum Board Market : Increasing Demand, Emerging Trends, Growth Opportunities and Future Scope – MRFR
Sep 29, 2022
The Drywall & gypsum board market is expected to grow at a global market CAGR of 5.95% during the forecast period of 2021-2028.
The industry of the drywall and gypsum board has been seeing a good yet reliable market because of different factors that would showcase the present market with incredible growth opportunities in the construction industry which is then further followed by the huge degree of the increase in the popularity of these items which is likely to help the market propel in the scenario of the international market. Also, there has been a fall in the down payment proportion for the second housing loan as there is quite an increase in the people’s disposable income. Further the fact that states the sales tax exemption for ordinary housing can help the market to grow and also function with an amazing market scale.
The key market players and the government at the global level both are now collaborating at the international scale for helping the market grow and also expand as per the production which seems to have been formulated during the forecast timeline.
The market value of the drywall and gypsum board is one of those areas that got badly affected due to the pandemic crises. But as there are some regular emergence of the market issues and restraints being witnessed, the focus is made to cover those restraints and then enhance the overall value during the forecast timeline. The drywall and gypsum board market trends are seeing a good rise in the global market investment and funding option which further would help in expanding the portfolio of the product and cover all the losses which seem to have been incurred by the trends of the market during the pandemic outbreak that occurred in 2020.
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Ceiling board segment: The market for drywall & gypsum board is segmented into-
- Non-residential construction
Application Segment: The market for drywall & gypsum board is segmented into-
- Wall partition system
- Construction of shops
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At the global level, the market for drywall & gypsum board is showing good growth simply because of its division done in the major different regions which are Europe, North America, Asia Pacific and the rest of the World. Presently, the region of Asia pacific seems to have accounted for the huge market share because of its iconic forecast timeline which was till 2019 followed by other regions such as North America and Europe. The increased construction activities degree is also another reason that has been driving the market. Also, the Chinese government seems to have already issued differently favourable policies to reduce the down payment proportion for the second house loans and also the sales tax exemption.
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 wallboard at the end of the forecast timeline is likely to hold a huge market share and stay dominant till 2028, as per the forecast.
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