Posted on 13 Mar 2019
According to a new report by EMR titled, ‘Global Drywall Market Report and Forecast 2019-2024’, the global construction market is expected to reach a value of USD 15.5 trillion by 2030 which is further anticipated to bolster the global drywall market. Especially in North America, the construction industry is expected to grow at a CAGR of 4-5% in the upcoming years.
Drywall, also known as wallboard or plasterboard, comprises gypsum (a powdery grey or white sulfate mineral) between two paperboards. In comparison with other wall materials like plaster and solid wood, gypsum boards are non-combustible, cheaper and lighter. As a result, drywall is popular across the United States for constructing interior walls and ceilings of houses. Due to its lightweight and fire-resistant property, drywall adheres to specific construction requirements for building shopping complexes and hotels. Recently, educational institutes and hotels incorporate drywall in their premises as it provides soundproof facility along with durability. On the other hand, it is used in the residential sector to improve the aesthetic appeal and manage interior temperature through thermal insulation. They are also in demand due to their flexibility in creating and dividing spaces which enables quick and seamless interior customization options.
The rapid GDP growth in developing markets, such as Brazil, Mexico, Thailand, India and Indonesia, has led the construction industry to flourish which is one of the major growth-inducing factors of the market. In India, various policy initiatives are further increasing housing projects which, in turn, is providing a thrust to the drywall market. Some of them include the Benami Transactions Act and the Real Estate Act 2016. Moreover, the rising construction of commercial buildings and hotels on account of mounting tourist influx in numerous countries has increased the requirement for ceiling panels for aesthetic purposes. Progress in technology has also aided in computerizing different designs and offering tailor-made solutions to consumers according to their requirement.
To view the report summary and Table of Contents, click on: https://www.expertmarketresearch.com/reports/facade-market
Market Analysis by Types, Applications and Regions:
Key Findings of the Report:
Key Offerings of the Report:
The key players in the global drywall market include USG Corporation, American Gypsum Company, LLC, CertainTeed Corporation, National Gypsum, Georgia-Pacific LL, Chiyoda Ute Co., Ltd., BGC Partners, Inc., Continental Building Products, Inc., Eagle Materials Inc. and PABCO Gypsum. The report by EMR gives an intricate insight into the competitive landscape of the global drywall market including the recent developments amongst the key players like their market share, plant turnarounds, capacity expansions, and mergers and expansions.
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