Global Gypsum Board Market Research Report
Gypsum board is used for ceilings. Market Research Future (MRFR) has published and released a research report on the global gypsum board market that predicts growth for this market during the forecast period that would end in 2021.
Observing the market structure, this report measures the future growth potential of the market. It gauges the strategies of the key players in the market and aids the competitive developments like new product developments, joint ventures, mergers & acquisitions, research and developments (R&D) in the market.
The major factor driving the global gypsum board market growth is increasing the use of technology in the construction sector. The second factor contributing to the market growth include growing demand for gypsum board among the manufacturers as well as contractors. Other factors contributing to the market growth include infrastructure development in the emerging economies, growing residential sector, rapid urbanization, and several benefits of gypsum board.
The global market can be segmented into application, product, type, and lastly, region. The application-based segmentation segments this market into commercial, industrial, residential, and others. Based on product, the market has been segmented into gypsum wallboard and gypsum ceiling board. By type, the market has been segmented into regular gypsum board and Type X gypsum board.
The regional segmentation of the global gypsum board market segments the market into regional markets known as Europe, North America, Asia Pacific, and rest of the world (RoW). The Asia Pacific region the biggest regional market because due to the growing population and increasing industrialization, the demand for the construction of both residential areas as well as commercial establishments is increasing. In terms of population, China and India can be the most important country-specific markets. Japan is another powerful economy that is a technologically advanced country.
North America is the second largest regional market because of the established real estate sector here and the presence of important market players in this region. Technological advancement in the construction sector is also supporting market growth in this region. The powerful economies in this region that can contribute maximum revenue to the market are the United States of America (USA) and Canada.
In Europe, the market is growing primarily due to the same reasons as North America. In this region, the important economies that have the potential to emerge as powerful country-specific markets are France, Germany, and the United Kingdom (UK).
In the RoW segment, the countries of the Middle East can be a potential market because in countries like United Arab Emirates (UAE), the purchasing power of people is high and real estate is a big business there. Therefore, some key market players are also based in the UAE. However, the Middle East is not as big market as North America because, in terms of technology, it is not as advanced as North America is.
The key players in the global gypsum board market include American Gypsum (USA), CertainTeed (USA), Etex Group (Belgium), Georgia-Pacific (USA), Gulf Gypsum (UAE), Knauf Dubai (UAE), Lafarge (France), National Gypsum (USA), Pabco Gypsum (USA), and Taishan Gypsum (China).
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