Sunday, August 14, 2022

Email id: support@kenresearch.com, Contact Us : +91-9015378249

Home Manufacturing And Construction Rise in Investment in Construction Sector Expected to Drive Global Gypsum Boards...

Rise in Investment in Construction Sector Expected to Drive Global Gypsum Boards and Gypsum Plaster Market: Ken Research

Gypsum boards, also known as wallboards or plasterboards, directly attached to wooden or metal framing by using any convenient method. It consist of a non-combustible core, and employed as an aesthetic building material. It serves as an excellent fire-resistive building material, commonly used in interior finishes. It also prevents the transfer of undesirable sounds to the adjoining areas in a building. It is generally used for decorative purposes, owing to their availability in various textures, shapes and sizes, their cost-effectiveness and flexibility. The gypsum boards market offers light weight, fire resistant, durable, and sound control products that are extensively used for partitions, ceilings and walls in both, interiors and exterior of a building.

Gypsum plaster is a building white cementing material made by complete or partial dehydration of the mineral gypsum, usually with special retarders or hardeners added. It provides impact resistance & protection against moisture, fire, and vapors.  The key advantages are included no shrinkage cracks, high productivity, no curing time required, quick setting time and smooth finish etc.

According to study, “Global Gypsum Boards and Gypsum Plaster Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global gypsum boards and gypsum plaster market are China National Building Material Company Limited, BGC Plasterboard, Everest Industries Limited, CGC Inc., Jason plasterboard Co. Ltd., Chiyoda Ute Co. Ltd., Shri Giriraj Trading Co., Continental Building Products, USG Zawawi Drywall LLC SFZ, Georgia-Pacific, PABCO Building Products LLC, Global Gypsum Board Co LLC, VANS Gypsum Pvt. Ltd., Gypsum Factory, USG Corporation, LafargeHolcim, Saint-Gobain, Qatari Gypsum, VOLMA.

Based on product type, gypsum boards and gypsum plaster market is segmented into gypsum plaster and gypsum board. Gypsum plaster segment is further sub-segmented into manually applied plaster, finishes, machine-applied plaster, and others. Gypsum board segment includes wall board, pre-decorated boards, ceiling board and others. Wall boards segment is estimated to exhibit substantial growth rate due to their wide application area during the forecast period. Based on thickness, market is segmented into 1/2-inch, 5/8 inch and others. In addition, based on application, market is segmented into institutional sector, residential sector and others. The residential segment is estimated to witness higher CAGR because of rise in urban population and enhanced purchasing power during the forecast period.

The gypsum boards and gypsum plaster market is driven by rise in development in the construction sector, followed by rise in disposable income, growth in technological advancements, increase in demand for improved infrastructural facilities in both commercial and residential sectors, rapid industrialization and rise in adoption of gypsum boards as significant building materials.  However, prone to water damage and fluctuation in the import pricing of raw materials may impact the market. Moreover, rise in awareness of consumers about environment-friendly & safer construction materials is a key opportunity for market. Furthermore, change in lifestyle of people has resulted in increasing preferences towards complicated & new ceiling designs coupled with high strength, high ductility, fire proofing and other properties are major trend for market.

Based on geography, the Asian-Pacific is a leading region in global gypsum boards and gypsum plaster market owing to rise in demand for improved housing construction and improved living standards in the region. The North-American and European regions are estimated to witness higher growth rate due to upsurge in urbanization coupled with migration towards urban regions over the forecast period. In upcoming years, it is anticipated that future of the market will be optimistic as a result of rise in expenditure in the residential construction sector during the forecast period.

For More Information, Click on the Link Below:-

Global Gypsum Boards and Gypsum Plaster Market

Related Reports:-

Gypsum Boards and Gypsum Plaster Market Research: Global Status & Forecast by Geography, Type & Application (2015-2025)

Global Gypsum Boards and Gypsum Plaster Market Status and Future Forecast 2015-2024

Contact Us:    

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91 9015378249

RELATED ARTICLES

Global Densimeter Market Driven by the Increased Adoption of Industrial Automation and Smart Factories: Ken Research

Buy Now Market Overview Densimeters also known as density meters are characterized as the scientific estimating instruments that are utilized to decide the density of fluids...

Global DC Brushless Fans Market Driven by Increasing Urbanization in Emerging Economies: Ken Research

Buy Now Market Overview A DC Brushless Fan utilizes brushless DC engines (BLDC Engine) that have a cross example plan of four super durable magnets mounted...

Global Fire Safety Systems Market Propelled by the Integration of Advanced Technologies: Ken Research

Buy Now Market Overview The Fire Safety Systems is the standardized products installed in the building for detecting the fire outbreak. The framework distinguishes and quenches...

Most Popular

North America Probiotics Food and Cosmetics Market Outlook to 2017-2027: Ken Research

Buy Now Probiotics Food and Cosmetics Market Definition and Overview Probiotics are live microorganisms that are known for inhibiting several health benefits when taken in adequate...

Qatar Blood Gas Analyzer, POC Immunoassay Analyzer and Transcutaneous Monitors Market, Revenue, Sales, Industry Forecast: Ken Research

Buy Now How Blood Gas Analyzer, POC Immunoassay Analyzer and Transcutaneous Monitors Market is Positioned in Qatar? The Diagnostic Medical Device Market in Qatar has seen...

Asia Pacific Virtual Reality Market Future Outlook to 2027: Ken Research

Buy Now Virtual Reality Market Definition and Overview As a technological paradigm, Virtual Reality equips its users with a computer-generated three-dimensional (3D) environment. The user can...

Global 5G in Healthcare Market Growth is driven by Adoption of Advanced Technologies: Ken Research

Buy Now 5G, the fifth generation of cellular wireless technology, has the potential to deliver the massive connection power and fast speeds that can assist...