THE PLASTERBOARD MARKET WILL BE VALUED AT USD 36.21 BILLION BY 2027, GARNERING A CONSIDERABLE GROWTH RATE FROM 2020 TO 2027
According to the research conducted by Market Research Future Reports (MRFR), the construction industry is gaining momentum, which is estimated to drive the global plasterboard market 2022. Besides, the growing demand from the end-user sector is another crucial factor leading to market expansion. Further, there are various initiatives taken by the government of various countries to enhance their infrastructure and real-estate sectors which directly augments the market. Moreover, the increasing preference of consumers for dry construction methods over wet construction methods is further likely to augment the market. Besides, the increasing concern towards the protection of the environment is further projected to enhance market strength.
The worldwide plasterboard market can be segmented on the grounds of end-user industry, form, type, and region.
On the basis of end-user industry, the worldwide plasterboard market can be distinguished into residential and non-residential.
On the basis of form, the worldwide plasterboard market can be distinguished into square-edged and tapered-edged.
On the basis of type, the worldwide plasterboard market can be distinguished into fire-resistant plasterboard, damp-proof plasterboard, impact-resistant plasterboard, moisture-resistant plasterboard, insulated plasterboard, sound-insulated plasterboard, thermal plasterboard, and standard plasterboard.
On the basis of region, the worldwide plasterboard market can be distinguished into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
The global market for plasterboard market is predicted to grow significantly during the assessment period. Regions such as North America, Europe, Asia-Pacific, and the Rest of the World (RoW) have been evaluated thoroughly. As per the study, the worldwide market is speculated to be dominated by North America. North America held the largest market share in 2018. It has been speculated that North America will retain the position till 2025.
On the other hand, the APAC region is predicted to magnify at the swiftest speed during the assessment period. The region is witnessing a rise in industrialization, urbanization which is likely to propel the market significantly. Besides, the regional market is strengthening at a fast pace. Further, the presence of developing countries like India and China are projected to play a crucial role in developing the market.
However, the market is estimated to show a downfall due to the disruption of COVID-19. Several regions were under the observation of lockdown, which brought an impact on daily operations. The halt caused brought a significant impact on the market, thereby trembling the global market.
The renowned organization of the global plasterboard marker size are Etex Group (Belgium), Armstrong World Industries Inc. (US), Saint-Gobain SA (France), USG Corporation (US), Gypsum Management and Supply, Inc. (the US), Georgia Pacific LLC (US), KNAUF Gips KG (Germany), Boral Limited (Australia), Fletcher Building Limited (New Zealand), National Gypsum Company (US), LafargeHolcim Ltd (Switzerland), Associated Tube Group (Canada), Marmon/Keystone Canada Inc. (US), EVRAZ PLC (Russia), Sandvik AB (Sweden), WELDED TUBE OF CANADA CORP. (US), Welded Tubes, Inc. (US), Tenaris SA (US).
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