The global gypsum board market size is anticipated to reach USD 100.73 billion by 2027, according to a new report by Radiant Insights, Inc. It is expected to exhibit a CAGR of 11.9% in terms of revenue, during the forecast period. Increasing utilization of gypsum boards in decorative and partitioning applications in residential constructions is anticipated to drive the market.
Rise in the construction industry is likely to provide growth opportunities to the market players. The demand for gypsum boards is driven by the residential sector, where the product is widely used in multi-family constructions for room partitioning. Durability and lightweight coupled with easy handling of the product are some of the factors anticipated to propel the demand.
Download Free Sample Report @ https://www.radiantinsights.com/research/gypsum-board-market/request-sample
Product availability in the form of wallboards, ceiling boards, and pre-decorated boards are the factors positively influencing the popularity of gypsum boards in construction applications. These boards are accepted in commercial, institutional, and industrial facilities for impact and mold resistance, exterior sheathing and shaft wall constructions. Moreover, the availability of decorative designs on the boards is likely to support the growth over the forecast period.
The U.S. Environmental Protection Agency (EPA) has approved the use of Flue Gas Desulphurization (FGD) Gypsum as a substitute to mined gypsum for the production of wallboards. A major proportion of the gypsum used in the wallboard production in FGS gypsum with low environmental impact and reduced mining operations to extract gypsum.
Further key findings from the report suggest:
• Gypsum wallboard is anticipated to expand at a CAGR of 11.6% over the projected period owing to wide utilization of the product in partitioning and decorative application majorly in multi-family residential constructions
• In 2019, residential application held the dominant market share of 47.2% and is likely to ascend at the highest CAGR over the forecast period on account of rising need for the construction of multi-family houses in Asia Pacific and North America
• In North America, the revenue for gypsum ceiling board stood at USD 3.85 billion in 2019 and is expected to witness growth over the forecast period, owing to its wide acceptance in the ceiling and decorative applications
• The U.S. gypsum board market is expected to realize gains at a CAGR of 10.6% from 2020 to 2027 due to presence of a well-established construction industry and acceptance of enhancing construction materials
• Saint-Gobain accounted for the major market share in the past with gypsum solutions offered under brands, such as Certainteed, British Gypsum, Gyproc, Rigips, and Placo
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/gypsum-board-market
Table of Contents
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Radiant Insights, Inc. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Gypsum Board Market Variables, Trends, & Scope
3.1. Penetration & Growth Prospect Mapping
3.2. Industry Value Chain Analysis
3.2.1. Raw Material Trends
3.2.2. Manufacturing Trends
3.2.3. Sales Channel Analysis
3.3. Technology Overview
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
Continued…
Read all Reports of this category @ https://www.radiantinsights.com/catalog/materials
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: [email protected]
Website: https://www.radiantinsights.com/
The Global Gypsum Board Market report released by Reports and Data encompasses vital aspects of the Gypsum Board market and offers critical insights about the market size, share, global spread, trends, demands, and opportunities.
The report discusses in detail the competitive landscape of the market on both the regional and global scale.
Furthermore, it sheds light on the lucrative growth opportunities and investments to assist the readers and businesses in developing strategic expansion plans.
It also helps readers gain maximum return on their investments.The report is further attuned to the latest market scenario pertaining to the COVID-19 pandemic and its impact on the key segments of the Gypsum Board market.
The report analyzes the impact of the pandemic on the supply chain and demands of the market and offers key insights into market growth.
The report also addresses the challenges caused by the pandemic and offers insightful data on how to overcome the barriers.
