Gypsum Board Market Research Report, Market Share, Size, Trends, Forecast and Analysis of Key players 2026
Gypsum Board Market Research Report, Market Share, Size, Trends, Forecast and Analysis of Key players 2026
Published by IMARC Services Private Limited
Posted on August 31, 2021
According to IMARC Group’s latest report, titled“Gypsum Board Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the gypsum board market reached a value US$ 24.4 Billion in 2020. Gypsum boards refer to lightweight construction materials which are widely installed in walls, ceilings, and partitions. They are adopted for interior and exterior applications across residential or non-residential sectors. Commonly known as drywall, wallboard, or plasterboard, gypsum boards are directly attached to wood and metal framing by screws, adhesives, nails, etc. These boards offer numerous benefits pertaining to versatility, convenience, sound control, quality, etc.
The expanding construction sector, along with the growing adoption of gypsum boards for both residential and commercial applications, is primarily driving the market growth. Furthermore, the rising number of remodeling and refurbishment activities for the existing infrastructures is also propelling the global market for gypsum boards. Additionally, the increasing demand for quality housing and better living conditions of the consumers are further augmenting the market growth. Rapid industrialization, coupled with the introduction of eco-friendly product variants, will continue to drive the global market for gypsum boards in the coming years. Looking forward, the global gypsum board market is expected to grow at a CAGR of 7.2% during the forecast period (2021-2026).
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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According to IMARC Group’s latest report, titled“Gypsum Board Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the gypsum board market reached a value US$ 24.4 Billion in 2020. Gypsum boards refer to lightweight construction materials which are widely installed in walls, ceilings, and partitions. They are adopted for interior and exterior applications across residential or non-residential sectors. Commonly known as drywall, wallboard, or plasterboard, gypsum boards are directly attached to wood and metal framing by screws, adhesives, nails, etc. These boards offer numerous benefits pertaining to versatility, convenience, sound control, quality, etc.
The expanding construction sector, along with the growing adoption of gypsum boards for both residential and commercial applications, is primarily driving the market growth. Furthermore, the rising number of remodeling and refurbishment activities for the existing infrastructures is also propelling the global market for gypsum boards. Additionally, the increasing demand for quality housing and better living conditions of the consumers are further augmenting the market growth. Rapid industrialization, coupled with the introduction of eco-friendly product variants, will continue to drive the global market for gypsum boards in the coming years. Looking forward, the global gypsum board market is expected to grow at a CAGR of 7.2% during the forecast period (2021-2026).
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.