Gypsum Boards and Gypsum Plaster Market Research Report includes Analysis on Market Size, Share and Growth rate at 9.3% CAGR Forecasted from 2024 to 2031
The "Gypsum Boards and Gypsum Plaster Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Gypsum Boards and Gypsum Plaster market is expected to grow annually by 9.3% (CAGR 2024 - 2031).
This entire report is of 173 pages.
Gypsum Boards and Gypsum Plaster Introduction and its Market Analysis
Gypsum boards and gypsum plaster are versatile building materials widely used in construction for their fire resistance, sound insulation, and easy installation properties. The market is driven by the booming construction sector, increasing demand for eco-friendly and sustainable building materials, and technological advancements in product offerings. Major players in the market include BNBM, Saint-Gobain, Etex Corp, Knauf, USG, National Gypsum, Boral, Yoshino, Baier, Jason, K Lakshmi Cement, Mohta Cement, THRAKON, Walplast, Trimurti, and MagicPlas. The report highlights key trends, market opportunities, and recommendations for companies to capitalize on the growing demand for gypsum products.
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The global market for Gypsum Boards and Gypsum Plaster is experiencing significant growth, driven by the increasing demand for affordable and durable building materials in the construction industry. The market is segmented into Gypsum Board and Gypsum Plaster types, with applications in Residential, Commercial, Industrial, and Other sectors.
Regulatory and legal factors specific to market conditions include building codes and standards that require the use of fire-resistant and soundproof materials like gypsum boards in certain construction projects. Additionally, environmental regulations aimed at reducing carbon emissions have led to the increased use of gypsum as a sustainable building material.
Overall, the market for Gypsum Boards and Gypsum Plaster is expected to continue growing as construction activities rise globally and the focus on sustainable building practices increases. Manufacturers and suppliers in this market are likely to benefit from these trends as they continue to innovate and develop new products to meet the changing needs of the construction industry.
Top Featured Companies Dominating the Global Gypsum Boards and Gypsum Plaster Market
The global gypsum boards and gypsum plaster market is highly competitive with key players such as BNBM, Saint-Gobain, Etex Corp, Knauf, USG, National Gypsum, Boral, Yoshino, Baier, Jason, K Lakshmi Cement, Mohta Cement, THRAKON, Walplast, Trimurti, and MagicPlas. These companies are actively involved in the production and distribution of gypsum boards and gypsum plaster products.
BNBM is a leading player in the gypsum boards market and has a strong presence in the Asia-Pacific region. Saint-Gobain, a French multinational corporation, offers a wide range of gypsum products including plasterboards. Etex Corp, a Belgian company, is known for its innovative solutions in the construction industry. Knauf, a German family-owned company, is one of the largest manufacturers of gypsum-based products globally.
These companies contribute to the growth of the gypsum boards and gypsum plaster market by investing in research and development, expanding their product portfolio, and entering new markets. They also focus on sustainability and environmental considerations in their manufacturing processes.
Some of the companies like USG, Saint-Gobain, and Knauf have reported significant sales revenue in the past few years. In 2020, USG Corporation reported sales revenue of approximately $ billion, while Saint-Gobain reported revenue of around $42.39 billion in the same year. Knauf's sales revenue was estimated at $11.2 billion in 2020.
Overall, companies operating in the gypsum boards and gypsum plaster market play a crucial role in driving innovation, meeting customer needs, and expanding the market for these products globally. Their contributions help in the overall growth and development of the industry.
- BNBM
- Saint-Gobain
- Etex Corp
- Knauf
- USG
- National Gypsum
- Boral
- Yoshino
- Baier
- Jason
- K Lakshmi Cement
- Mohta Cement
- THRAKON
- Walplast
- Trimurti
- MagicPlas
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Gypsum Boards and Gypsum Plaster Market Analysis, by Type:
- Gypsum Board
- Gypsum Plaster
There are different types of gypsum boards such as regular, moisture-resistant, fire-resistant, and impact-resistant boards. Gypsum plaster is also available as base-coat and finish-coat plasters. These various types cater to different construction needs, making them versatile and in demand for various projects. Their ease of installation, durability, fire-resistant properties, and ability to create smooth finishes make them popular choices in the construction industry. The diverse range of options provided by gypsum boards and plasters helps in boosting the demand for these products in the market.
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Gypsum Boards and Gypsum Plaster Market Analysis, by Application:
- Residential
- Commercial
- Industrial
- Other
Gypsum boards and gypsum plaster are widely used in residential, commercial, industrial, and other applications for interior wall and ceiling finishing. In residential settings, gypsum boards are commonly used for drywall construction and gypsum plaster for smooth wall finishes. In commercial and industrial buildings, they are used for fire resistance, soundproofing, and moisture control. The fastest growing application segment in terms of revenue is in the commercial sector, specifically in offices, retail spaces, and hospitality establishments where there is a high demand for modern, cost-effective building materials that offer both aesthetics and functionality.
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Gypsum Boards and Gypsum Plaster Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The growth of the Gypsum Boards and Gypsum Plaster market in different regions is as follows:
- North America: United States and Canada are expected to dominate the market, with a market share percentage valuation of 35%
- Europe: Germany, France, ., Italy, and Russia are expected to have a market share of 25%
- Asia-Pacific: China, Japan, South Korea, India, Australia, Indonesia, Thailand, and Malaysia are expected to have a market share of 30%
- Latin America: Mexico, Brazil, Argentina, and Colombia are expected to have a market share of 5%
- Middle East & Africa: Turkey, Saudi Arabia, UAE, and Korea are expected to have a market share of 5%.
Overall, Asia-Pacific is expected to dominate the Gypsum Boards and Gypsum Plaster market, with a market share of 30%.
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