Gypsum Board Market Outlook To 2024: Key Product Categories (Ceiling Board, Wallboard, Pre-Decorated Board), Application (Residential, Commercial, Industrial, Corporate) Regional Segmentation, Competitive Dynamics, M&A Insights, Pricing Analysis, Segment Forecast And Conclusion

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The global gypsum board market was valued at $22.6 bn in 2016 and is forecast to grow at a steady CAGR of 8.2% between 2017 and 2024, culminating in 2024 global sales of $42.6 bn.

 

Industry at a Glance

 

Population expansion coupled with the growth of construction sector in emerging economies of Asia Pacific and Middle East is anticipated to foster gypsum board market growth over the forecast period. Lightweight material, effective fire resistance and sound attenuation are major benefits provided by gypsum board. Multifamily dwelling such as apartments, townhouses, and condominiums consider such characteristics at the time of construction

 

The shift of industrial manufacturing facilities towards Asia Pacific has driven industrial construction rapidly in countries such as China, India, Malaysia, Indonesia, and Vietnam. Indonesia’s infrastructure spending is anticipated to reach USD 165 bn, with corresponding government expenditure of around 7% per annum. Several construction firms have also received investment injections from the government and performed considerably well in terms of revenue.

 

They are widely referred to as drywall or plasterboard in different parts of the world. Strong residential construction recovery in North America coupled with improved living conditions is anticipated to impact market growth positively. The shift in preference towards safer and lighter construction material has stimulated its usage in retrofitting & renovation of old buildings.

 

Gypsum Board Market 2024

 

Pricing Analysis

 

“Optimal Price Point (OPP) for Gypsum Board Products”

 

Estimated Average Gypsum Board product cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.

 

Spike in gypsum price since last three years coupled with high switching cost is anticipated to shape up price trends for gypsum board over the forecast period. Capacity additions coupled with growing demand is also expected to play a key role in shaping price trends.

 

Product Outline

 

Wallboard emerged as the leading product segment and accounted for over 50% of the overall market share in 2016. They are extensively used as separation walls due to superior properties including easy erection, security, and adherence to building code requirements. It is being as a cheaper substitute to traditional lath and plaster products and finds application in shops, malls and offices.

 

Ceiling board is widely used in residential and commercial ceiling applications. Rising demand for curved ceilings and bulkheads along with increasing usage as a substitute for PVC is anticipated to boost product segment growth significantly. In terms of revenue, the product segment is anticipated to grow at a steady CAGR of over 10% from 2017 to 2024.

 

Application Insights

 

On the basis of application, the market has been segmented into residential, industrial, commercial, and corporate. Residential was the dominant application in 2016 and is expected to continue its dominance over the forecast period. Rising urban population coupled with higher income levels in developing regions is anticipated to drive application segment growth. Benefits such as mold & fire resistance, sound control. Benefits such as mold & fire resistance, fire protection and enhanced mildew resistance are expected to drive demand for residential applications further. Commercial segment is projected to grow at an estimated volume CAGR of over 5% from 2017 to 2024.

 

Regional Segmentation

 

Asia Pacific was the leading regional market in 2016 and is expected to grow at volume CAGR of above 6% from 2017 to 2024. Increasing construction spending in China has been the primary force behind regional market over the last five years. Industrial and commercial construction has outpaced residential segment in the country with the growth of industries such as chemicals, polymers, automotive and paints & coatings. Countries such as India, Indonesia, and Thailand have also witnessed the prolific growth of construction industry along with escalating government budgets and initiatives such as “Make in India’.

 

Europe market is expected to grow at a moderate pace owing to recovery of the housing sector in countries such as Germany, France, and Spain. North America is anticipated to grow at a steady rate driven by the recovery of construction industry coupled with strong demand for office space in the last two years.

 

Growth Drivers & Restraints

 

The shift in preference towards upgraded architectural designs and lightweight material in countries such as the U.S., China, India, Brazil and Russia has fueled gypsum board growth significantly. Pre-decorated and wallboard are being extensively used in modern age buildings and dwellings with growing urban population and development of suburban areas. Gypsum imports for gypsum board production from countries such as China and Oman are subject to risk of price hike as a result of local import taxation system. The scenario is anticipated to improve with significant capacity additions in gypsum capacity in Middle East region in order to keep up with ever-growing demand.

 

Top Players & Company Share

 

Key market participants operating in the global market include Etex Group, Knauf Dubai, Global Mining Company, Gypsemna, Saint-Gobain Gyproc, National Gypsum Company, Baier Group, UMI Company Ltd., Lafargeholcim Ltd, Beijing New Material Group, Yoshino Gypsum Co., Ltd., USG Corporation, Georgia Pacific LLC, Gulf Gypsum Company, and Beijing Tonglanhai Technology Co. Ltd.

 

Market Segmentation

 

  • Gypsum Board Market by Product (Volume, Million Square Meters; Revenue, USD Million)
    • Wallboard
    • Pre-Decorated Board
    • Ceiling Board
    • Other
  • Gypsum Board Market by Application (Volume, Million Square Meters; Revenue, USD Million)
    • Residential
    • Commercial
    • Industrial
    • Corporate
  • Gypsum Board Market by Region (Volume, Million Square Meters; Revenue, USD Million)
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Spain
      • Turkey
    • Asia Pacific
      • Japan
      • China
      • India
    • Latin America
      • Brazil
      • Mexico
      • Argentina
    • Middle East & Africa (MEA)
      • Saudi Arabia
      • UAE
      • Oman
      • Qatar
      • Iran
      • Jordan

Chapter 1 Methodology and Scope

  • Research Methodology
  • Research Scope & Assumptions
  • List of Data Sources

Chapter 2 Executive Summary

Chapter 3 Gypsum Board Overview

  • Market Ecosystem
  • Key Stakeholders
  • Industry Trends & Analysis

Chapter 4 Gypsum Board Industry Outlook

  • Market Overview
  • Market Segmentation
  • Market Size & Growth Prospects
  • Leading Brand Dynamics
  • Key Market Drivers
    • Increasing construction spending in Asia Pacific and Middle East
    • Rising urban population in emerging economies
  • Key Market Challenges/ Restraints
    • Volatile raw material prices
  • Major Trends &Issues
  • Penetration & Growth Prospects
  • Industry Analysis - Porter’s
  • Gypsum Board Market-PESTEL Analysis
  • Company Market Share/Heat Map Analysis

Chapter 5 Gypsum Board Market by Product (Million Square Meters, USD Million)

Gypsum Board Market Landscape by Product – 2016 & 2024
  • Wallboard
    • Market Landscape Analysis, 2014-2024
  • Pre-Decorated Board
    • Market Landscape Analysis, 2014-2024
  • Ceiling Board
    • Market Landscape Analysis, 2014-2024
  • Others
    • Market Landscape Analysis, 2014-2024

Chapter 6 Gypsum Board Market Outlook by Application (Million Square Meters, USD Million)

Gypsum Board Market Landscape by Application – 2016 & 2024
  • Residential
    • Market Landscape Analysis, 2014-2024
  • Commercial
    • Market Landscape Analysis, 2014-2024
  • Industrial
    • Market Landscape Analysis, 2014-2024
  • Corporate
    • Market Landscape Analysis, 2014-2024

Chapter 7 Gypsum Board Market Outlook by Region (Million Square Meters, USD Million)

Gypsum Board Market Landscape by Region – 2016 & 2024
  • North America Market Landscape Analysis, 2014-2024 (Kilo Million Square Meters, USD Mn)
    • U.S. Market Landscape Analysis, 2014-2024
    • Canada Market Landscape Analysis-2014-2024
  • Europe Market Landscape Analysis, 2014-2024 (Kilo Million Square Meters, USD Mn)
    • UK Market Landscape Analysis, 2014-2024
    • Germany Market Landscape Analysis, 2014-2024
    • France Market Landscape Analysis, 2014-2024
    • Italy Market Landscape Analysis, 2014-2024
    • Spain Market Landscape Analysis, 2014-2024
    • Turkey Market Landscape Analysis, 2014-2024
  • Latin America Market Landscape Analysis, 2014-2024 (Kilo Million Square Meters, USD Mn)
    • Brazil Market Landscape Analysis, 2014-2024
    • Mexico Market Landscape Analysis, 2014-2024
    • Argentina Market Landscape Analysis, 2014-2024
  • Asia Pacific Market Landscape Analysis, 2014-2024 (Kilo Million Square Meters, USD Mn)
    • Japan Market Landscape Analysis, 2014-2024
    • China Market Landscape Analysis, 2014-2024
    • India Market Landscape Analysis, 2014-2024
  • Middle East & Africa Market Landscape Analysis, 2014-2024 (Kilo Million Square Meters, USD Mn)
    • Saudi Arabia Market Landscape Analysis, 2014-2024
    • UAE Market Landscape Analysis, 2014-2024
    • Qatar Market Landscape Analysis, 2014-2024
    • Oman Market Landscape Analysis, 2014-2024
    • Iran Market Landscape Analysis, 2014-2024
    • Jordan Market Landscape Analysis, 2014-2024

Chapter 8 Pricing Analysis

Optimal Price Points (OPP), Indifference Price Points (IPP) and Range of Acceptable Prices (RAP) of leading brands and revenue estimation by Region- 2016
  • North America Pricing Analysis (OPP, IPP and RAP- 2016)
    • U.S. Pricing Analysis-2016
    • Canada Pricing Analysis-2016
  • Europe Pricing Analysis (OPP, IPP and RAP - 2016)
    • UK Pricing Analysis-2016
    • Germany Pricing Analysis-2016
    • France Pricing Analysis-2016
    • Italy Pricing Analysis-2016
    • Spain Pricing Analysis-2016
    • Turkey Pricing Analysis-2016
  • Latin America Pricing Analysis (OPP, IPP and RAP- 2016)
    • Brazil Pricing Analysis-2016
    • Mexico Pricing Analysis-2016
    • Argentina Pricing Analysis-2016
  • Asia Pacific Pricing Analysis (OPP, IPP and RAP- 2016)
    • Japan Pricing Analysis-2016
    • China Pricing Analysis-2016
    • India Pricing Analysis-2016
  • Middle East & Africa Pricing Analysis (OPP, IPP and RAP- 2016)
    • Saudi Arabia Pricing Analysis-2016
    • UAE Pricing Analysis-2016
    • Qatar Pricing Analysis-2016
    • Oman Pricing Analysis-2016
    • Iran Pricing Analysis-2016
    • Jordan Pricing Analysis-2016

Chapter 9 Competitive Landscape

  • Etex Group
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Knauf Dubai
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Global Mining Company
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Gypsemna
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Saint-Gobain Gyproc
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • National Gypsum Company
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Baier Company
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • UMI Company Ltd.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Lafargeholcim Ltd.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Beijing New Material Group
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Yoshino Gypsum Co. Ltd.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • USD Corporation
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Georgia Pacific LLC
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Gulf Gypsum Company
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Beijing Tonglanhai Technology Co. Ltd.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
List of Tables
  • TABLE 1 Gypsum Board Market - Industry Snapshot & Key Buying Criteria, 2014 - 2024
  • TABLE 2 Global Gypsum Board Market, 2014 – 2024 (Million Square Meters, USD Million)
  • TABLE 3 Global Gypsum Board Market by Product, 2014 – 2024 (Million Square Meters, USD Million)
  • TABLE 4 Global Gypsum Board Market by Application, 2014 – 2024 (Million Square Meters, USD Million)
  • TABLE 5 Global Gypsum Board Market by Region, 2014 – 2024 (Million Square Meters, USD Million)
  • TABLE 6 Gypsum Board Market - Key Market Driver Analysis
  • TABLE 7 Gypsum Board Market - Key Market Restraint/ Challenge Analysis
  • TABLE 8 Gypsum Board Market – Key Opportunity Analysis
  • TABLE 9 North America Gypsum Board Landscape Analysis, 2014-2024 (Million Square Meters, USD Million)
  • TABLE 10 U.S. Gypsum Board Market Landscape Analysis, 2014-2024 (Million Square Meters, USD Million)
  • TABLE 11 Canada Gypsum Board Market Landscape Analysis, 2014-2024 (Million Square Meters, USD Million)
  • TABLE 12Europe Gypsum Board Market Landscape Analysis, 2014-2024(Million Square Meters, USD Million)
  • TABLE 13 U.K Gypsum Board Market Landscape Analysis, 2014-2024 (Million Square Meters, USD Million)
  • TABLE 14 Germany Gypsum Board Market Landscape Analysis, 2014-2024 (Million Square Meters, USD Million)
  • TABLE 15 France Gypsum Board Market Landscape Analysis, 2014-2024 (Million Square Meters, USD Million)
  • TABLE 16 Italy Gypsum Board Market Landscape Analysis, 2014-2024 (Million Square Meters, USD Million)
  • TABLE 17 Spain Gypsum Board Market Landscape Analysis, 2014-2024 (Million Square Meters, USD Million)
  • TABLE 18 Turkey Gypsum Board Market Landscape Analysis, 2014-2024 (Million Square Meters, USD Million)
  • TABLE 19 Latin America Gypsum Board Market Landscape Analysis, 2014-2024 (Million Square Meters, USD Million)
  • TABLE 20 Brazil Gypsum Board Market Landscape Analysis, 2014-2024 (Million Square Meters, USD Million)
  • TABLE 21 Mexico Gypsum Board Market Landscape Analysis, 2014-2024 (Million Square Meters, USD Million)
  • TABLE 22 Argentina Gypsum Board Market Landscape Analysis, 2014-2024 (Million Square Meters, USD Million)
  • TABLE 23 Asia Pacific Gypsum Board Market Landscape Analysis, 2014-2024 (Million Square Meters, USD Million)
  • TABLE 24 Japan Gypsum Board Market Landscape Analysis, 2014-2024(Million Square Meters, USD Million)
  • TABLE 25 China Gypsum Board Market Landscape Analysis, 2014-2024 (Million Square Meters, USD Million)
  • TABLE 26 India Gypsum Board Market Landscape Analysis, 2014-2024 (Million Square Meters, USD Million)
  • TABLE 27 Middle East & Africa Gypsum Board Market Landscape Analysis, 2014-2024 (Million Square Meters, USD Million)
  • TABLE 28 Saudi Arabia Gypsum Board Market Landscape Analysis, 2014-2024(Million Square Meters, USD Million)
  • TABLE 29 UAE Gypsum Board Market Landscape Analysis, 2014-2024 (Million Square Meters, USD Million)
  • TABLE 30 Oman Gypsum Board Market Landscape Analysis, 2014-2024(Million Square Meters, USD Million)
  • TABLE 31 Qatar Gypsum Board Market Landscape Analysis, 2014-2024 (Million Square Meters, USD Million)
  • TABLE 32 Iran Gypsum Board Market Landscape Analysis, 2014-2024(Million Square Meters, USD Million)
  • TABLE 33 Jordan Gypsum Board Market Landscape Analysis, 2014-2024 (Million Square Meters, USD Million)
  • TABLE 34 North America Pricing Analysis
  • TABLE 35 North America Pricing Analysis (OPP, IPP and RAP- 2016)
  • TABLE 36 U.S. Pricing Analysis-2016
  • TABLE 37 Canada Pricing Analysis-2016
  • TABLE 38 Europe Pricing Analysis (OPP, IPP and RAP- 2016)
  • TABLE 39 U.K Pricing Analysis-2016
  • TABLE 40 Germany Pricing Analysis-2016
  • TABLE 41 France Pricing Analysis-2016
  • TABLE 42 Italy Pricing Analysis-2016
  • TABLE 43 Spain Pricing Analysis-2016
  • TABLE 44 Turkey Pricing Analysis-2016
  • TABLE 45 Latin America Pricing Analysis (OPP, IPP and RAP- 2016)
  • TABLE 46 Brazil Pricing Analysis-2016
  • TABLE 47 Mexico Pricing Analysis-2016
  • TABLE 48 Argentina Pricing Analysis-2016
  • TABLE 49 Asia Pacific Pricing Analysis (OPP, IPP and RAP- 2016)
  • TABLE 50 Japan Pricing Analysis-2016
  • TABLE 51 China Pricing Analysis-2016
  • TABLE 52 India Pricing Analysis-2016
  • TABLE 53 Middle East & Africa Pricing Analysis (OPP, IPP and RAP- 2016)
  • TABLE 54 Saudi Arabia Pricing Analysis-2016
  • TABLE 55 UAE Pricing Analysis-2016
  • TABLE 56 Qatar Pricing Analysis-2016
  • TABLE 57 Oman Pricing Analysis-2016
  • TABLE 58 Iran Pricing Analysis-2016
  • TABLE 59 Jordan Pricing Analysis-2016
List of Figures-
  • FIG. 1 Gypsum Board Market Segmentation
  • FIG. 2 Market Size & Growth Prospects
  • FIG. 3 Leading Brand Dynamics
  • FIG. 4 Penetration & Growth Prospects
  • FIG. 5 Industry Analysis – Porter’s
  • FIG. 6 Gypsum Board Market – PESTEL Analysis
  • FIG. 7 Gypsum Board Market Share by Product, 2016 & 2024
  • FIG. 8 Gypsum Board Market Share by Application, 2016 & 2024
  • FIG. 9 Gypsum Board Market Share by Region, 2016 & 2024

Key Insights Addressed:  

  • Defining market size from 2013 to 2015.
  • Estimating market growth till 2024 and consequence market forecast.
  • Identifying market drivers, restraints & future opportunities and allowing decision-maker with a range of possible outcomes and the probabilities that will occur for any choice of action.
  • Market segments and regions that will drive or lead market growth.
  • Defining Optimal Price Point (OPP) which will be accepted and recommended by maximum customers.
  • A bird’s-eye view of the competitive landscape and the key market players.
  • Key strategic growth driver adopted by market players. In-depth analysis of their strategies and implication on competition & growth.
    Key Findings:    
  • The global gypsum board market was valued at $22.6 bn in 2016 and is forecast to grow at a steady CAGR of 8.2% between 2017 and 2024, culminating in 2024 global sales of $42.6 bn.
  • The shift of industrial manufacturing facilities towards Asia Pacific has driven industrial construction rapidly in countries such as China, India, Malaysia, Indonesia, and Vietnam. Indonesia’s infrastructure spending is anticipated to reach USD 165 bn, with corresponding government expenditure of around 7% per annum.
  • Spike in gypsum price since last three years coupled with high switching cost is anticipated to shape up price trends for gypsum board over the forecast period. Capacity additions coupled with growing demand is also expected to play a key role in shaping price trends.
  • Rising demand for curved ceilings and bulkheads along with increasing usage as a substitute for PVC is anticipated to boost product segment growth significantly.
  • Key market participants operating in the global market include Etex Group, Knauf Dubai, Global Mining Company, Gypsemna, Saint-Gobain Gyproc, National Gypsum Company, Baier Group, UMI Company Ltd., Lafargeholcim Ltd, Beijing New Material Group, Yoshino Gypsum Co., Ltd., USG Corporation, Georgia Pacific LLC, Gulf Gypsum Company, and Beijing Tonglanhai Technology Co. Ltd.

Ameri Research implies a unique methodology of published information and primary research to bring key insights to customer decision making process. Our analytics model helps us to understand the structured and unstructured information from various sources. Key steps involves in the process are as below-

  1. Analyzing Published Information- Access to large pool of paid and unpaid published information via different sources and analyzing market trend.
  2. Setting Foundation- Input from analysis of secondary sources set our foundation to market analysis and helps in setting the scope for further research. Setting the scope involves Ameri Research proprietary statistical model, discussion with industry leaders, internal brainstorming, key discussion pointers from various forums etc.
  3. Need Gap Analysis- Defining the gap between our scope and availability of information.
  4. KOL Panel Discussion- Focused Group Discussion with a structured discussion guide to fine tune the gap and deriving the factors driving/restraining the market trend.
  5. Quantitative Research- Sampling large number of industry players, Education/Research Institutes, Government bodies, NGOs, Individual acclaimed researchers and conducting the primary interview with a structured questionnaire.
  6. Data Triangulation- We apply bottom-up demand approach or top-down estimation or a combined approach to triangulate the data points.
  7. Analyst Comment- Each of our analysts carries large pool of experience from domain perspective and add their value which is directional in nature
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Description

The global gypsum board market was valued at $22.6 bn in 2016 and is forecast to grow at a steady CAGR of 8.2% between 2017 and 2024, culminating in 2024 global sales of $42.6 bn.

 

Industry at a Glance

 

Population expansion coupled with the growth of construction sector in emerging economies of Asia Pacific and Middle East is anticipated to foster gypsum board market growth over the forecast period. Lightweight material, effective fire resistance and sound attenuation are major benefits provided by gypsum board. Multifamily dwelling such as apartments, townhouses, and condominiums consider such characteristics at the time of construction

 

The shift of industrial manufacturing facilities towards Asia Pacific has driven industrial construction rapidly in countries such as China, India, Malaysia, Indonesia, and Vietnam. Indonesia’s infrastructure spending is anticipated to reach USD 165 bn, with corresponding government expenditure of around 7% per annum. Several construction firms have also received investment injections from the government and performed considerably well in terms of revenue.

 

They are widely referred to as drywall or plasterboard in different parts of the world. Strong residential construction recovery in North America coupled with improved living conditions is anticipated to impact market growth positively. The shift in preference towards safer and lighter construction material has stimulated its usage in retrofitting & renovation of old buildings.

 

Gypsum Board Market 2024

 

Pricing Analysis

 

“Optimal Price Point (OPP) for Gypsum Board Products”

 

Estimated Average Gypsum Board product cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.

 

Spike in gypsum price since last three years coupled with high switching cost is anticipated to shape up price trends for gypsum board over the forecast period. Capacity additions coupled with growing demand is also expected to play a key role in shaping price trends.

 

Product Outline

 

Wallboard emerged as the leading product segment and accounted for over 50% of the overall market share in 2016. They are extensively used as separation walls due to superior properties including easy erection, security, and adherence to building code requirements. It is being as a cheaper substitute to traditional lath and plaster products and finds application in shops, malls and offices.

 

Ceiling board is widely used in residential and commercial ceiling applications. Rising demand for curved ceilings and bulkheads along with increasing usage as a substitute for PVC is anticipated to boost product segment growth significantly. In terms of revenue, the product segment is anticipated to grow at a steady CAGR of over 10% from 2017 to 2024.

 

Application Insights

 

On the basis of application, the market has been segmented into residential, industrial, commercial, and corporate. Residential was the dominant application in 2016 and is expected to continue its dominance over the forecast period. Rising urban population coupled with higher income levels in developing regions is anticipated to drive application segment growth. Benefits such as mold & fire resistance, sound control. Benefits such as mold & fire resistance, fire protection and enhanced mildew resistance are expected to drive demand for residential applications further. Commercial segment is projected to grow at an estimated volume CAGR of over 5% from 2017 to 2024.

 

Regional Segmentation

 

Asia Pacific was the leading regional market in 2016 and is expected to grow at volume CAGR of above 6% from 2017 to 2024. Increasing construction spending in China has been the primary force behind regional market over the last five years. Industrial and commercial construction has outpaced residential segment in the country with the growth of industries such as chemicals, polymers, automotive and paints & coatings. Countries such as India, Indonesia, and Thailand have also witnessed the prolific growth of construction industry along with escalating government budgets and initiatives such as “Make in India’.

 

Europe market is expected to grow at a moderate pace owing to recovery of the housing sector in countries such as Germany, France, and Spain. North America is anticipated to grow at a steady rate driven by the recovery of construction industry coupled with strong demand for office space in the last two years.

 

Growth Drivers & Restraints

 

The shift in preference towards upgraded architectural designs and lightweight material in countries such as the U.S., China, India, Brazil and Russia has fueled gypsum board growth significantly. Pre-decorated and wallboard are being extensively used in modern age buildings and dwellings with growing urban population and development of suburban areas. Gypsum imports for gypsum board production from countries such as China and Oman are subject to risk of price hike as a result of local import taxation system. The scenario is anticipated to improve with significant capacity additions in gypsum capacity in Middle East region in order to keep up with ever-growing demand.

 

Top Players & Company Share

 

Key market participants operating in the global market include Etex Group, Knauf Dubai, Global Mining Company, Gypsemna, Saint-Gobain Gyproc, National Gypsum Company, Baier Group, UMI Company Ltd., Lafargeholcim Ltd, Beijing New Material Group, Yoshino Gypsum Co., Ltd., USG Corporation, Georgia Pacific LLC, Gulf Gypsum Company, and Beijing Tonglanhai Technology Co. Ltd.

 

Market Segmentation

 

  • Gypsum Board Market by Product (Volume, Million Square Meters; Revenue, USD Million)
    • Wallboard
    • Pre-Decorated Board
    • Ceiling Board
    • Other
  • Gypsum Board Market by Application (Volume, Million Square Meters; Revenue, USD Million)
    • Residential
    • Commercial
    • Industrial
    • Corporate
  • Gypsum Board Market by Region (Volume, Million Square Meters; Revenue, USD Million)
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Spain
      • Turkey
    • Asia Pacific
      • Japan
      • China
      • India
    • Latin America
      • Brazil
      • Mexico
      • Argentina
    • Middle East & Africa (MEA)
      • Saudi Arabia
      • UAE
      • Oman
      • Qatar
      • Iran
      • Jordan

Additional information

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