The Global Plasterboard Market is forecast to reach USD 32.31 Billion by 2027, according to a new report by Reports and Data. The increasing residential construction activities across the globe, coupled with the rising population and changing lifestyles are propelling the growth of the market. Rapid urbanization and industrialization will also drive the demand for plasterboard during the forecast period. Construction Industry is a booming industry and is expected to remain so with the continuation of the development process, especially in the developing countries.
The flourishing construction market in developing countries like Brazil, Mexico, India, and others, induces the growth of the market. Various government and non-government initiatives are further increasing residential construction projects which, in turn, is providing a thrust to the market. Moreover, the booming travel and tourism industry which has led to the rising commercial construction, has increased the demand for plasterboards for aesthetic purposes. Technological developments have also aided in computerizing different designs and offering tailor-made solutions to consumers according to their need.
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As a result of steady revenue growth over the past few years, the manufacturing and construction industry is expected to achieve a robust annual revenue growth rate between 2021 and 2028. In addition to the rapidly growing construction industry, rapid urbanization and industrialization, and technological advancements in manufacturing techniques, this can also be attributed to these factors. Green construction and energy efficient buildings have become increasingly popular in recent years as awareness of environmental impact and carbon emissions has increased. Over the forecast period, key factors are expected to boost global market growth, including the rapid growth of global populations, changing lifestyle preferences, the increasing demand for smart buildings, an increase in renovation and reconstruction activities, and an increase in eco-friendly construction activities. Other factors that will contribute to market growth in the future include an increase in disposable income, government schemes, and investments by private organizations.
Some of the Leading Market Players Are Listed Below:
- Atiskan Gypsum Products Co. Inc.,
- Armstrong World Industries Inc.,
- Etex Group,
- Ayhaco Gypsum Products,
- Georgia Pacific LLC,
- Fletcher Building Ltd,
- Gypsum Management and Supply Inc.,
- Gyptec Iberica,
- Jason Plasterboard Co. Ltd,
- LafargeHolcim Ltd,
- Mada Gypsum Company
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The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as license agreements, partnerships, merger and acquisitions, collaborations, RD investments, and joint ventures to gain robust footing in the market.
Product Type Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)
- Thermal Resistant
Edge Type Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)
End-User Industry Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)
The Global Plasterboard Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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