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.
However, growth of this market is expected to be restrained by the limited shelf life of the gypsum boards and restrictions on storage conditions, as the board retains dampness resulting in soft walls and ceilings.
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.
Key players operating in the global gypsum board market include 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.
On the basis of product type, the global gypsum board market is segmented into:
On the basis of category, the global gypsum board market is segmented into:
On the basis of application, the global gypsum board market is segmented into:
On the basis of region, the global gypsum board market is segmented into: