Global Drywall Market Expected To Grow At A 5.4% Annually Over 2016-2020

Date: 2016-11-08

The growing building constructions remain as the key drive factor to fuel the growth for the drywall market, rebounds in building construction spending after a period of declines in both North America and Western Europe will be the primary drivers of demand. Growing sales in the Africa/Mideast region, where drywall continues to gain popularity over more traditional building techniques and materials, will also contribute to demand gains. According to research, global drywall expected to grow at a 5.4% annually over 2016-2020.

On the basis of geography, almost three-fourths of new drywall demand generated between 2013 and 2018 will be due to China and the US. Drywall sales in the US are forecast to advance nearly eight percent annually during this period as the housing market recovers. 

In China, demand for drywall is expected to post more than seven percent annual growth during this time, bolstered by significant gains in both residential and nonresidential construction spending. Drywall is also projected to be used more frequently in residential applications in China, as it gains popularity over traditional building materials.

In terms of application, drywall is used more often in nonresidential applications in developing areas, and expansion in these markets will boost overall demand in nonresidential building applications.

Construction firms in many countries are projected to gradually increase their usage of drywall-based construction techniques at the expense of wet construction methods, which require more building plaster per unit. A portion of these losses, however, will be offset by growing use of building plaster as joint compound during drywall installation.

Drywall market share by region as following:

dry-wall

Read Full Report: http://www.gosreports.com/global-dry-wall-market-research-report-2016/

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 510-400-8520
Web: www.gosreports.com
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