Gypsum Board Market Size & Share, Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Gypsum Board Market


The global Gypsum Board market size is projected to reach US$ 88.35 billion by 2026, from US$ 46.23 billion in 2020, at a CAGR of 11.4% during 2021-2026. Rising demand from residential real estate sector and increasing consumer spending capacity for construction materials are expected to drive the market. Emerging economies, such as Brazil, China, India, Mexico, Russia, and South Africa, have shown tremendous demand for construction materials due to a rise in income levels. This is also likely to contribute to the market growth.

Growing population and rapid industrialization have surged the demand for better infrastructure facilities in residential as well as commercial and institutional sectors. China, U.S., and Iran are the major gypsum producers, among which China alone amounts for over half of the global production. Gypsum board manufacturing cost largely depends upon the location of manufacturing unit as to ascertain raw material availability, final product supply, and distribution costs.

Various socio-economic factors, such as skilled labor availability, political environment, regulatory landscape, and labor laws and safety policies, also contribute towards the overall output of the manufacturing unit. Wallboard, ceiling, and pre-decorated boards are the three major types of gypsum boards. Other types, such as plaster base, sheathing, and lath are also gaining importance owing to their ability to enhance aesthetic appeal of the architectural designs.

Increasing spending by the governments and private real estate firms in residential construction, due to rising urban migration in developing nations and growing number of high-rise residential buildings in emerging markets, is also expected to contribute to the market growth in future.

Market Segmentation, Outlook & Viewpoint: Global Gypsum Board Market

Product Market Segmentation & Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)

  
Wallboard
  
Ceiling Board
  
Pre-decorated Boards
  
Others

Application Market Segmentation & Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)

  
Pre-engineered Metal Building
  
Residential
  
Industrial
  
Commercial
  
Institutional

Key Players, Recent Developments & Regional Insights: Global Gypsum Board Market

Wallboard is highly used in construction applications and the segment accounted for more than 50% of overall volume of gypsum boards manufactured in the world. It is used in making interior walls, surfacing, and partitions of shops, offices, and malls. It is also used as a speedier alternative to traditional lath and plaster.
Gypsum ceiling products are suitable for the applications wherein normal fire, structural, and acoustic levels are specified. Pre-decorated product types do not require any further treatment and can be used directly in construction due to which these products have gained wide acceptance across the globe. Pre-decorated board is expected to witness significant growth over the forecasted period owing to increasing demand in regions such as the U.S., U.K. and Germany.

Other products, such as plaster base, sheathing, and lath are also gaining high prominence across residential and commercial construction owing to their ability to increase aesthetic appeal of the architectural designs. Increasing demand for sustainable construction in North America and Europe is expected to drive the demand for these products over the forecast years.

Application Insights

Residential sector led the market and accounting for more than 45% of the total consumption in all the segments. Rising urban population coupled with increasing per capita disposable income will remain the key driver for the segment growth. U.S., U.K., China, India, Brazil, and Saudi Arabia are anticipated to witnessing increased spending on residential constructions. This is also expected to drive product demand in residential sector over the forecast period.

Strong industrial sector growth in emerging regions of Asia Pacific, Middle East, and Latin America are expected to boost pre-engineered metal building and commercial segments over the forecasted period. Increasing demand for office space is expected to propel the product demand further. Residential is followed by pre-engineered metal building application segment.

Regional Insights

Asia Pacific accounts for more than 40% of the product consumption in the world. The region has high product demand from residential and pre-engineered metal building construction applications. Favorable business environment coupled with strong economic growth has fueled investments in construction sector in countries, such as China, India, Vietnam, Thailand, and Indonesia. China is one of the major producers of gypsum and is expected to boost the market growth in Asia Pacific.

North America is expected to lose its market share to some extent with growing awareness for sustainable construction and use of advanced technology with renewable materials. However countries, such as Russia and Turkey, have high production and it will grow over the forecasted period. Manufacturers from North America and Europe are planning to shift their manufacturing facilities to APAC to tap lucrative opportunities in emerging economies.

Middle Eastern countries, such as Saudi Arabia, Qatar, and Oman, are attracting new investments from foreign companies, which is creating extensive need for new infrastructure thereby, positively affecting the gypsum board market in this region. Overall population growth and rapid urbanization has increased the demand for household units. This is also expected to remain major driving factor.

Gypsum Board Market Share Insights

Over the past few years, industry has witnessed significant expansion in China, Oman, and U.S. This indicates greater level of competition among companies to capture more share. Larger manufacturers are focusing on mergers and acquisition of small- and medium-sized companies to consolidate their position. Gypsum board production is largely influenced by transportation, cost of machinery, and raw material. Hence the sector is expected to experience threat from forward integrating companies that were previously involved in gypsum mining and production.
In infrastructure sector, rising awareness among residential developers regarding sustainable construction, i.e., reducing energy utilization of the household by means of better thermal insulation, is expected to drive the growth in future. Some of the companies in this market are Beijing New Building Material, Beijing Tonglanhai Technology Co. Ltd., Etex Group, Globa; Mining Company LLC, Knauf Dubai, Lafarge, USG Zawawi LLC and more.

Key Insights Covered: Global Gypsum Board Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Gypsum Board industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Gypsum Board industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Gypsum Board industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Gypsum Board industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Gypsum Board industry.

Research Methodology: Global Gypsum Board Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other