Posted on 04 Dec 2018
Gypsum board refers to a panel composed of gypsum which is chemically known as calcium sulphate dehydrate. It is a light-weight construction material designed for walls and ceilings of the interior or exterior of a residential or non-residential structure. Gypsum board has a control over heat penetration and does not emit any poisonous gas at high temperatures.
Despite the fact that it is not suitable for moist and wet locations (near wash basins and rest rooms), it is still known for its myriad qualities. Gypsum board is highly cost-effective, durable, stable, flexible, fire-resistant, aesthetic in appearance, recyclable in nature and easily cuts down noise transmission, thereby serving as an effective substitute to traditional lath and plaster. According to a new report by Expert Market Research, the global gypsum board market reached a value of US$ 24 Billion in 2018 and is further expected to reach US$ 34 Billion by 2024.
The demand for gypsum boards is associated with the growth of the construction sector, particularly the commercial and the housing sectors. As a result of rapidly increasing population, there has been a surge in the construction of new buildings where gypsum boards are considered of prime importance. Similarly, a rising trend of safer and sustainable construction coupled with a rise in disposable incomes have facilitated the end-users to expend more on renovations and remodelling of the building structure. Several other factors that are stimulating the growth of the global gypsum board market include growing urbanisation, industrialisation, improving living standards and high growth in residential real estate sector.
To request a sample copy or view summary of this report, click on the link: https://www.expertmarketresearch.com/request?type=report&id=37&flag=B
Key findings from the report:
Expert Market Research has analyzed the global gypsum board market according to product type, end-use, regions and major players:
Market breakup by Product Type
Market breakup by End-Use
Market breakup by Region
Expert Market Research (EMR) is a market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.
With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.
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