Gypsum Board Market Size & Share, Growth Opportunities, Competitive Landscape And Revenue Forecast By 2030

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Gypsum Board Market
Gypsum Board Market

Gypsum board, also known as drywall or plasterboard, is a widely used construction material for walls and ceilings. It is made of gypsum plaster sandwiched between two sheets of paper, and it is available in various sizes and thicknesses. Gypsum board is easy to install, lightweight, and fire-resistant, which makes it a popular choice for residential and commercial construction.

The global Gypsum Board Market is expected to grow significantly in the coming years. The growth of the construction industry, increasing demand for eco-friendly materials, and the rising use of gypsum board in interior decoration are some of the factors driving the growth of the gypsum board for market.

The global Gypsum Board Market is expected to reach USD 42.5 billion by 2030, growing at a CAGR of 6.5% during the forecast period (2021-2030).

By type, the market is segmented into regular gypsum board, moisture-resistant gypsum board, fire-resistant gypsum board, and others. The regular gypsum board segment dominated the market in 2020, accounting for the largest share. Regular gypsum board is widely used in residential and commercial construction for walls and ceilings. In terms of size, the global gypsum board for market was valued at USD 25.9 billion in 2020. The market is segmented by type, application, and region.

By application, the market is segmented into residential, commercial, and industrial. The residential segment dominated the market in 2020, accounting for the largest share. The increasing demand for affordable housing and the growth of the construction industry in developing countries are driving the demand for gypsum board in the residential segment.

The Building and Construction Plastics Market refers to the use of plastic materials in various applications within the construction industry, such as pipes, insulation, roofing, and windows.

By region, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific dominated the market in 2020, accounting for the largest share. The growth of the construction industry, increasing urbanization, and rising disposable income in the region are driving the demand for gypsum board.

The competitive landscape of the Gypsum Board Market is highly fragmented, with several players operating in the market. Some of the key players in the market include Saint-Gobain S.A., Etex Group, Knauf Gips KG, USG Corporation, National Gypsum Company, Georgia-Pacific LLC, LafargeHolcim Ltd, PABCO Gypsum, Continental Building Products, and American Gypsum Company.

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