Dublin, July 22, 2019 (GLOBE NEWSWIRE) -- The "Gypsum Board Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.
The gypsum board market is estimated to witness a moderate growth during the forecast period, 2018-2023.
Asia-Pacific is expected to be the largest and fastest growing market for gypsum board during the forecast period, owing to the rapidly increasing construction activities in the region.
Major players include CGC, Gypsum Factory, LafargeHolcim, Saint-Gobain, VOLMA, and BGC Plasterboard, among others.
Rapid Growth of Construction Sector to Drive the Gypsum Board Market
Gypsum boards offer several advantages in the construction sector such as sound isolation, durability, fire resistance and ease of installation. Gypsum board serves as an excellent fire-resistive building material, mostly used in interior finishes. It also prevents the transfer of unwanted sounds to the adjoining areas in a building. Owing to such properties offered by gypsum boards, the demand for it has witnessed a growth in the past few years. With the rapid growth of construction sector, the demand for gypsum board is likely to grow, in turn driving the market during the forecast period.
Increasing Investments in the Construction Sector
There has been a rapid surge in the construction sector of developing economies including India, China, and Brazil. This has significantly increased the demand for gypsum board. Hence, with the increasing investments for the development of buildings, institutes, residential complexes, malls and hospitals, the demand for gypsum board is likely to rise in the coming years.
For instance, in December 2017, China's leading construction firm CCTEB announced partnership with realty company Tulip Infratech to develop infrastructure and real estate projects in India. Both the companies will jointly bid and develop projects in the country and target an order book of about INR 20,000 crore in the next 2-3.
Additionally, around 100 Smart Cities and 500 Atal Mission for Rejuvenation and Urban Transformation (AMRUT) Cities are expected to be developed by the government with an investment of INR 2 trillion in the next five years. Hence, with the increasing infrastructural investments, the demand for gypsum boards is expected to increase during the forecast period.
Asia-Pacific Expected to Witness the Fastest Growth in Gypsum Board Market
Asia-Pacific is expected to be the largest and fastest growing market for gypsum board during the forecast period, owing to the rapidly increasing construction activities in the region. Additionally, there has been a rise in demand for residential societies, offices, shopping complexes, and hospitals which has led to an increase in investments in the infrastructure sector.
For instance, in December 2017, China's leading construction firm CCTEB announced partnership with realty company Tulip Infratech to develop infrastructure and real estate projects in India. Both the companies will jointly bid and develop projects in the country and target an order book of about INR 20,000 crore in the next 2-3 years. Therefore, due to such factors, the demand for gypsum board is expected to rapidly grow in the region during the forecast period.
Major Market Developments
- Gebr. Knauf KG, the parent company of the German based Knauf Group, and USG Corp. (USG) announced a definitive agreement pursuant to which Knauf will acquire all of the outstanding shares of USG in a transaction valued at approximately $7 billion.
Key Topics Covered
1. Introduction
2. Executive Summary
3. Gypsum Board Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Analysis
4. Market Dynamics
4.1 Gypsum Board Market Drivers
4.1.1 Rapid Growth of Construction Sector in Emerging Economies of Asia-Pacific
4.1.2 Repair Activities in Developed Nations
4.2 Gypsum Board Market Restraints
4.2.1 Prone to Water Damage
4.3 Gypsum Board Market Opportunities
4.3.1 Increasing Investments in the Construction Sector
4.3.2 Rising Demand for Residential Buildings
5. Market Segmentation and Analysis
5.1 Gypsum Board Market By Type
5.1.1 Wall Board
5.1.2 Ceiling Board
5.1.3 Pre-Decorated Board
5.1.4 Others
5.2 Gypsum Board Market By Thickness
5.2.1 Inch
5.2.2 5/8-inch
5.2.3 Others
5.3 Gypsum Board Market By Application
5.3.1 Residential Sector
5.3.2 Institutional Sector
5.3.3 Industrial Sector
5.3.4 Commercial Sector
6. Regional Market Analysis (Market Size, Growth, and Forecast)
7. Gypsum Board Market Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis
7.3 Strategies Adopted by Leading Players
8. Gypsum Board Market Company Profiles
- American Gypsum
- BGC Plasterboard
- CGC Inc.
- China National Building Material Company Limited
- Chiyoda Ute Co. Ltd.
- Continental Building Products
- Everest Industries Limited
- Georgia-Pacific
- Global Gypsum Board Co LLC
- Gypsum Factory
- Jason plasterboard Co. Ltd.
- LafargeHolcim
- PABCO Building Products LLC
- Qatari Gypsum
- Saint-Gobain
- Shri Giriraj Trading Co.
- USG Zawawi Drywall LLC SFZ
- USG Corporation
- VANS Gypsum Pvt. Ltd.
- VOLMA
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