Gypsum Board Market To Witness Grow At A CAGR Of 11.4% From 2014 to 2025: Grand View Research, Inc.
The global gypsum board market is expected to reach USD 79.17
billion by 2025, according to a new report by Grand View Research, Inc. Rapid
economic growth in Asia Pacific and GCC countries has led to tremendous
increase in migration of rural population to urban areas, thereby spurring
plasterboard demand for residential accommodation.
High purchasing and borrowing power, easy
availability of housing finances along with increasing number of dual income
families are some key factors driving construction industry growth. The Saudi
Arabian government has taken various measures in 2016 in order to address
affordable housing needs of middle income families. The ministry plans to
provide over 2,33,651 residential units through 187 housing projects in its
pipeline. These factors are positively influencing gypsum board market growth
across the region.
U.S. gypsum board market revenue by product, 2014 - 2025 (USD Million) |
Pre-decorated boards are gaining wide acceptance in
various construction projects owing to their low maintenance and easy
installation properties which makes them cost and time effective. Growing focus
towards environmentally sustainable green building construction materials,
which reduces overall overhead expenses has boosted industry growth.
Residential construction is anticipated to witness
high growth rate in India owing to various government’s initiatives including
Smart Cities, easing FDI norms, flexible housing loans and increasing
investment in urban infrastructure development. These factors are further
projected to augment gypsum board demand.
Full
Research Report On Global Gypsum Board Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/gypsum-board-market
www.grandviewresearch.com/industry-analysis/gypsum-board-market
Further
key findings from the study suggest:
- The global gypsum board demand exceeded 11.68
billion square meters in 2016 and is expected to grow at a CAGR of 6.1%
from 2017 to 2025
- Wallboard emerged as the dominant product
segment in 2016 owing to the increasing demand of cost and time effective
building materials in various green building projects
- Ceiling board is also increasingly being
preferred by architects since it facilitates a beautiful, homogenous
appearance along with a smooth finish without any visible joints
- Gypsum products holds the potential to replace
traditional building materials including wood, steel and glass owing to
its wide application scope
- Abundant mineral reserves in GCC
economies, including Iran has led to increased production in the region,
which has created ample growth opportunities for domestic as well as
international players
- Key players include Etex Group, Global Mining
Company LLC, Beijing New Building Material, Lafarge, Knauf Dubai,
Gypsemna, USG Zawawi LLC, Saint Gobain Gyproc and UMI Company Ltd.
among others
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has segmented the global gypsum board market on the
basis of product, end-use and region:
Gypsum
Board Product Outlook (Volume, Million Square Meters; Revenue, USD Million;
2014 - 2025)
- Wallboard
- Ceiling
board
- Pre-decorated
board
- Others
Gypsum
Board End-Use Outlook (Volume, Million Square Meters; Revenue, USD Million;
2014 - 2025)
- Pre-engineered
Metal Buildings
- Residential
- Industrial
- Commercial
- Institutional
Gypsum
Board Regional Outlook (Volume, Million Square Meters; Revenue, USD Million;
2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Asia
Pacific
- China
- India
- Japan
- Latin
America
- Brazil
- Mexico
- Middle
East & Africa
- Bahrain
- Kuwait
- Qatar
- Oman
- Saudi
Arabia
- UAE
- Jordan
- Iraq
- Iran
- Egypt
- Syria
- Turkey
- Libya
- Sudan
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-gypsum-board-market
www.grandviewresearch.com/press-release/global-gypsum-board-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More
Information: www.grandviewresearch.com
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