Gypsum board market predicts Asia-Pacific’s urban housing boom to boost future revenue
The Gypsum Board Market has experienced a fairly strong run during the last decade because of the tremendous growth in manufacturing and construction projects, especially in high annual growth nations like Mexico, India, etc. Gypsum products have also enjoyed a great degree of investment from governments and private companies.
Gypsum board can be described as a particular type of board which contains gypsum at its core and faces the paper. It is also known as drywall and is widely considered to be the premier material for the construction of walls, partition systems, etc. Gypsum ceiling is popularly used for the construction of residential and commercial buildings with the intention of creating a monolithic surface.
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Scope & Regional Forecast of the Gypsum Board Market:
In this manner, drywall finishing allows a joint and a fastener head to be enclosed within an overall joint treatment network. One of the major advantages that drywall sheets have over fiberboard and plywood is their strong ability to resist fire. The usage of this material also provides other benefits like superior control over sound, better quality and convenience.
The primary growth driver of the Gypsum Board Market, for a long time, has been the rapidly expanding construction sector. Residential and commercial structures of the future are expected to raise the demand even further in the form of walls, partition systems, etc. Gypsum exporters are boosted by the fact that the price of related products is relatively stable and any fluctuations are expected to take place gradually.
The ramping of production capacity in Oman and China is expected to take care of any shortages in other countries. The movement of global population from rural to urban areas and the requirement for radically different architectural designs are also expected to boost future demand. The expansion of housing activities in Asia-Pacific is expected to elevate the demand for gypsum products significantly during the forecast period.
Segmentations & Key Players Involved in the Gypsum Board Market:
According to IndustryARC findings, the Gypsum Board Market can be broken down into various segmentations on the basis of –
Product: Ceiling & Pre-decorated Board, Wall-board.
End-Use: Pre-Engineering Metal Buildings, Residential, Industrial, Commercial, Institutional.
Geography: North America, Europe, Asia-Pacific and Rest of the World.
Some of the key players involved in the Gypsum Board Market according to IndustryARC are as follows:
Global Mining Company LLC
BPB India Gypsum