24th
December 2018 - Global
Gypsum Board Market is segmented on the basis of product type, application, and
region. Gypsum is a mineral found in sedimentary rock formations in a
crystalline form known as calcium sulfate dehydrate. One hundred pounds of gypsum
rock contains approximately 21 pounds of chemically combined water. Gypsum rock
is mined and transported to the manufacturing facility.
“Gypsum board” comes across as the generic name for a group of panel
products comprising a non-combustible core, composed primarily of gypsum, along
with a paper surfacing on the back, face, and long edges. Gypsum board is
amongst the several building materials covered by the umbrella term “gypsum
panel products”. All gypsum panel products do contain gypsum cores. However,
they could be faced with a plethora of different materials, inclusive of paper
and fiberglass mats.
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Gypsum board is often referred to as drywall, plasterboard, or wallboard.
It does differ from the other panel-type building products, such as plywood, fiberboard,
and hardboard owing to its noncombustible core and paper facers. When fastener
heads and joints are covered with a joint compound system, gypsum wall board
does create a continuous surface suitable for most types of interior
decoration. Gypsum Board Market is classified, by product type into Wallboard,
Ceiling Board, Pre-decorated Board, and others.
Wallboard product segment accounted for the largest market share of the
Gypsum Board Market and is expected to remain dominant over the forecast period.
This is due to its application in the construction of shops, offices and malls,
with its usage as wall partition system. Wallboard progressively has come to be
recognized as a better alternative to traditional plank and plaster products
and is making movements across residential and commercial construction equally.
The ceiling board segment is expected to register increased demand from
residential, institutional and commercial construction sectors. The product is
used as a better substitute to other ceiling panel materials such as PVC.
Pre-decorated boards are gaining grip as an internal substitute for wallboard
products due to their flexibility. These boards have decorative surfaces either
painted or printed consequently. The products ease of assembly and scope for
customization according to end-users is also a major factor driving
pre-decorated boards growth.
Gypsum Board Market is classified, by application into Residential,
Corporate, Commercial, and Institutional. Residential sector accounted for the
largest market share of the Gypsum Board Market and is expected to remain
dominant over the forecast period. Drywall products have traditionally found
usage across residents before their arrival in non-residential construction
applications. The application segments growth is driven by the recovery of
residential real estate sector in the U.S. and large-scale residential projects
being applied across developing countries in Asia and Latin America.
Commercial construction segment is expected to grow gradually over the
forecast period. This is due to awareness of infrastructure developers in
western markets regarding drywall products aesthetic and technical advantages
compared to conventional building materials. Gypsum Board Market is segmented,
geographically into North America, Europe (Eastern Europe, Western Europe),
Asia Pacific, Latin America, Middle East and Africa.
Asia Pacific accounted for the maximum market share of the total volume,
with growth to be driven by a positive outlook on construction sector in China,
India, Vietnam, Thailand, Malaysia and Indonesia. Economic growth in the region
has allowed for a greater requirement of institutional and commercial
infrastructure spaces. Central and South America and the Middle East &
Africa is growing at significant rate over the forecast period. These regions
are characterized by increasing construction spending and high economic growth.
The Middle East region’s growth is influenced by commercial and
residential infrastructure sectors. Tourism infrastructure and high growth of
services industry in UAE, Oman, Qatar, and Saudi Arabia shall be the prime
driving factors over the future. Gypsum Board Industry key players are, Knauf
Dubai, Lafarge, USG-Zawawi LLC, Gypsemna, Etex Group, Global Mining Company
LLC, Gulf Gypsum Co., Saint-Gobain Gyproc and Taishan Gypsum Co.
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