GYPSUM BOARD MARKET: DEVELOPMENT FACTORS AND TECHNOLOGY ANALYSIS


Market Outlook and Projections

The global gypsum board market is anticipated to reach a valuation of $53.68 billion by the close of 2026, driven by the surge in construction activities worldwide. According to a report by Fortune Business Insights, titled “Gypsum Board Market Size, Share & Industry Analysis, By Type (Standard Board, Type X, and Others), By Application (New Housing, New Commercial, and Rework & Remodel), and Regional Forecast, 2019-2026,” the market was valued at $39.91 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 3.82% from 2019 to 2026.

Key Industry Players

The report profiles several prominent companies in the gypsum board market, including:

  • Saint-Gobain
  • Knauf
  • USG Corporation
  • National Gypsum Company
  • Yoshino Gypsum Co. Ltd.
  • USG Boral
  • Eagle Materials Inc.
  • China National Building Material Co., Ltd.
  • Taishan Gypsum Co., Ltd.
  • Fletcher Building
  • Cabot Gypsum ULC

Market Overview

Gypsum boards, commonly used as drywall in various construction projects, are favored for their affordability, ease of installation, and resistance to water and fire. The market's expansion is supported by the presence of significant companies and a wide range of product options. With growing environmental awareness and an emphasis on recycling, the adoption of gypsum boards has increased. Additionally, the ongoing rise in construction and industrial activities is set to create substantial opportunities for market participants.

Factors Driving Growth

Increasing Mergers and Collaborations Among Companies

Many large corporations are expanding their customer base by acquiring smaller companies. For example, in November 2019, Saint-Gobain acquired Continental Building Products, a U.S.-based manufacturer of construction materials. This acquisition is expected to enhance Saint-Gobain’s gypsum product portfolio and significantly influence market growth in the forthcoming years.

View Related: -

https://www.fortunebusinessinsights.com/gypsum-board-market-102718

Regional Insights

Asia Pacific Dominates the Market

The report examines gypsum board market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Asia Pacific currently leads the market, driven by continuous construction activities and increasing industrialization in countries like India, China, and Japan. North America is also expected to see considerable growth, with the market valued at USD 16.21 billion in 2018 and projected to grow further.

Conclusion

The global gypsum board market share is poised for significant growth, driven by rising construction activities, industrialization, and strategic company mergers and acquisitions. With a strong presence in Asia Pacific and North America, key players are well-positioned to capitalize on these opportunities and enhance their market share.

Blog Related Insights: https://www.globenewswire.com/en/news-release/2021/10/19/2316493/0/en/Global-Gypsum-Board-Market-Size-Forecast-Till-2026-Fortune-Business-Insights.html


Created: 11/06/2024 08:27:43
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