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Plasterboard is a superior quality product with high heat and impact resistance, and sound insulation properties. In addition to this, plasterboards are easy to install and the cost of installation is low. Hence, the product is anticipated to witness a significant demand for residential construction applications in the forecast period. Moreover, the increasing inclination of consumers towards home furnishing and home designing, owing to the rising standards of living is likely to provide impetus to the market in the forecast period. Furthermore, the rising demand for plasterboard in commercial construction projects owing to its cost-effectiveness is expected to aid the market in the forecast period.
The leading market players are increasingly investing in research and development activities to provide consumers with innovative building solutions. In June 2019, Armstrong World Industries, Inc. (NYSE: AWI) announced the introduction of ACOUSTIBuilt™ seamless acoustic ceilings, which will provide the look of a drywall but will give the performance like an acoustic ceiling.
Geographically, Europe accounts for a significant share in the market owing to the rising government investments in multi-housing projects in Switzerland, France, and various other countries. In addition to this, the rapid development of commercial infrastructure in metropolitan cities is anticipated to boost the demand for plasterboard in the forecast period.
Market Breakup by Form, Product Type, End-User, and Region:
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The major players in the global plasterboard market are Armstrong World Industries, Inc., Atiskan Gypsum Products Co. Inc., Fletcher Building Limited, USG Boral Limited, and Georgia Pacific LLC, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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