Press release
Gypsum Board Market Growth Projection | Future Trends, Key Players, Size, Share and Forecast by 2032
The Gypsum Board market is expected to grow significantly in terms of volume during the forecast period. The increased demand from the ceramic industry, development of the nuclear power plants, and upsurge in the use of surface coating are expected to drive the market in the upcoming years. The development of the ceramic industry and accelerated use of tiles and granites in many counties drive the market growth.
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COVID-19 impact analysis
The outbreak of the COVID-19 across the globe has severely affected the gypsum board market to a notable extent.
The growth for the construction industry has declined drastically as a result of economic downfall caused by the global pandemic. Since the major the construction industry is the major consumer of gypsum board, it has impacted the growth of the gypsum board market.
Moreover, the nationwide lockdown caused disruptions and irregularities in the construction activities due to dearth of labor. This, in turn, has a severe impact on the demand of gypsum board in the global market.
Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
Gypsum boards present numerous advantages over traditional building materials like wood, brick, and cement. These benefits include improved sound attenuation, resistance to corrosion in challenging climates, and exceptional strength. The ongoing global trend of rapid urbanization is contributing to the expansion of the construction sector, with a notable increase in the use of gypsum boards.
Due to its noncombustible nature, gypsum board is inherently fire-resistant and contributes to thermal insulation in buildings. Its cost-effectiveness and ease of installation further drive its demand on a global scale. Additionally, gypsum boards provide an appealing aesthetic finish to structures, leading to increased demand in construction projects. As a result, gypsum boards are gaining popularity in both residential and commercial applications.
The global market for gypsum boards is propelled by factors such as low maintenance costs and the inherent durability of this material. These characteristics contribute to the sustained growth of the market worldwide.
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Gypsum Board Market Report Highlights:
► By Type:
Ceiling Board
Wall Board
Pre-decorated Board
► By Thickness:
½ inch
5/8 inch
Other Thickness
► By Application:
Residential Sector
Institutional Sector
Commercial Sector
Industrial Sector
Key benefits of the report
This study presents the analytical depiction of the global gypsum board industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global gypsum board market share.
The current market is quantitatively analyzed to highlight the global gypsum board market growth scenario.
Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
Key Players in the Gypsum Board Market:
► American Gypsum
► Etex Group
► Taishan Gypsum Certainteed
► Knauf
► National Gypsum
► Georgia Pacific
► USG Corporation
► Pabco Gypsum
► Saint-Gobain Gyproc
► Gulf Gypsum Co
► Lafarge Holcim
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