Published by Coherent Market Insights
Posted on September 17, 2021
Gypsum board is a building material, which is used in walls, ceilings, and partitions of the buildings. These boards are manufactured by mixing gypsum with adequate amount of water and additives for forming a semi liquid mixture. Calcium sulphate is obtained from this mixture, which recrystallizes with time, thereby producing original rock state. These gypsum boards are widely used in the construction industry, owing to its light weight and easy adaptability to walls without beam structure.
The gypsum board market is expected to witness significant growth over the forecast period, owing to increasing awareness about the properties of the gypsum boards in terms of fire resistance capabilities and high thermal resistance. According to the Global Construction Perspectives and Oxford Economics, the global construction industry is expected to reach US$ 17.5 trillion by 2030, which is US$ 8 trillion rise from 2015. This growth of the construction industry is expected to drive growth of the gypsum board market. Moreover, growth of the market is expected to be driven by increase in disposable income, increasing spending of the consumers on home refurbishment activities, and improvement in standard of living.
Top Key Players in Gypsum Board market: Saint-Gobain, United Mining Industries, Taishan Gypsum Co., Ltd., Knauf, Baier Group, Yoshino Gypsum Co., Ltd., Gulf Gypsum Board, Gypsemna, Georgia-Pacific Gypsum LLC, and Arcat, Inc., among others.
Regional Analysis For Gypsum Board Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Gypsum Board market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
On the basis of product type, the wallboard segment is expected to hold a dominant position in the global gypsum board market, owing to its wide range of application in room interiors, surfaces, and room partitions. The wallboards are directly attached to the wooden or metal frames, which allows it to be a suitable substitute as compared to other traditional coverings and planks used in the construction industry.
On the basis of region, the market is segmented into North America, South America, Europe, Asia Pacific, and Middle East & Africa. Among regions, North America is expected to witness significant growth over the forecast period, owing to increasing construction activities within the region. For instance, according to the U.S. Department of Housing and Urban Development, in May 2019, the total number of new residential housing completions was 1,213,000, and 1,294,000 building permits were approved.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Gypsum Board market Global Analysis, Company Profile, Latest Innovations and Industry Expansion Strategies 2025 appeared first on Gatorledger.
Gypsum board is a building material, which is used in walls, ceilings, and partitions of the buildings. These boards are manufactured by mixing gypsum with adequate amount of water and additives for forming a semi liquid mixture. Calcium sulphate is obtained from this mixture, which recrystallizes with time, thereby producing original rock state. These gypsum boards are widely used in the construction industry, owing to its light weight and easy adaptability to walls without beam structure.
The gypsum board market is expected to witness significant growth over the forecast period, owing to increasing awareness about the properties of the gypsum boards in terms of fire resistance capabilities and high thermal resistance. According to the Global Construction Perspectives and Oxford Economics, the global construction industry is expected to reach US$ 17.5 trillion by 2030, which is US$ 8 trillion rise from 2015. This growth of the construction industry is expected to drive growth of the gypsum board market. Moreover, growth of the market is expected to be driven by increase in disposable income, increasing spending of the consumers on home refurbishment activities, and improvement in standard of living.
Top Key Players in Gypsum Board market: Saint-Gobain, United Mining Industries, Taishan Gypsum Co., Ltd., Knauf, Baier Group, Yoshino Gypsum Co., Ltd., Gulf Gypsum Board, Gypsemna, Georgia-Pacific Gypsum LLC, and Arcat, Inc., among others.
Regional Analysis For Gypsum Board Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Gypsum Board market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
On the basis of product type, the wallboard segment is expected to hold a dominant position in the global gypsum board market, owing to its wide range of application in room interiors, surfaces, and room partitions. The wallboards are directly attached to the wooden or metal frames, which allows it to be a suitable substitute as compared to other traditional coverings and planks used in the construction industry.
On the basis of region, the market is segmented into North America, South America, Europe, Asia Pacific, and Middle East & Africa. Among regions, North America is expected to witness significant growth over the forecast period, owing to increasing construction activities within the region. For instance, according to the U.S. Department of Housing and Urban Development, in May 2019, the total number of new residential housing completions was 1,213,000, and 1,294,000 building permits were approved.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Gypsum Board market Global Analysis, Company Profile, Latest Innovations and Industry Expansion Strategies 2025 appeared first on Gatorledger.
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