Plasterboard Market

Date: 2016-05

Plasterboard, also known as dry wall is the common type used to streak stud dividing, ceilings and used in dry lining. Plasterboard is nothing but a layer of hard-bitten plaster crammed between two sheets of paper. Plasterboard is a widely used building material, which can be defined as a thin unbending board, in the form of a coating of gypsum core compressed between two thick sheets of recycled paper, utilized for making and covering walls and ceilings.

Plasterboards are usually accessible in two forms of edges, which include, tapered-edged and square-edged. These edges serve disparate purposes in the construction of walls and ceilings. The setting up process for these forms of plasterboards differs from each other as well as the conduct given to the boards after installation. All types of plasterboards are available in these forms. The plasterboard industry has an optimistic outlook due to elevating growth in the construction industries. Rising per capita income and rising trends of safe and sustainable construction are improving the demand for standard, fire-resistant, impact-resistant, sound-resistant, and moisture-resistant plasterboards. The market is mainly driven by the demand from the parent industry which in this case is construction. The rising population has created a need for construction of new buildings. High disposable income has enabled the end users to spend more on new constructions. Another important reason is the altering attitude of residential consumers has, which has eventually given a lift to the plasterboard industry.

The market has expanded owing to the developments in the building construction industry. The demand for plasterboard products is growing at a noteworthy pace and is probable to grow at an even higher rate in the near future. The global market for plasterboard is estimated to be $XX billion in 2015. The global market for Plasterboard market is estimated to grow at a CAGR of XX% and is forecast to reach $XX billion by 2021.

American market for plasterboards was the second fastest growing market in 2015, which was mainly driven by increasing competition, aggressive pricing, and rising consumer spending. On the contrary, Asia-Pacific dominated the plasterboard market in 2015 and is estimated to become the fastest-growing market for plasterboards. The Asia-Pacific region formed the largest market for plasterboards, in terms of volume, having accounted for $XX billion sq. meters in 2015. America formed the second-largest market, with the share of XX%. The Asia-Pacific region is projected to be the fastest-growing market for plasterboards from 2016 to 2021.

Consumer preference in emerging economies such as China, India, Brazil, and South Africa are gradually changing from conventional building structures to new and innovative infrastructure. The rapid influx of rural population to urban areas in developing countries has also been an important reason for the rise in the construction industry. The plasterboard market in Europe and America is estimated to expand at a sluggish rate due to subdued economic conditions in Europe and maturity in America. Latin America is anticipated to exhibit strong growth in the near future. This can be attributed to construction activities achieving momentum due to global sports events such as the FIFA World Cup and Olympics. Furthermore, strong economic growth is one of the major factors driving the demand for plasterboard in the region.

Some of the major manufacturers of plasterboards are:
Saint-Gobain S.A. (France)
Etex Group (Belgium)
Georgia Pacific LLC (U.S.)
USG Corporation (U.S.)
Armstrong World Industries, Inc. (U.S.)
Fletcher Building Limited (New Zealand) to name among a few others.

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