Commercial Sector to Witness Growth in Global Gypsum Board Market through 2024
Increasing investment in
construction sector, rapid industrialization coupled with supporting government
policies to drive global gypsum board market through 2024
According to
TechSci Research report, “Global Gypsum
Board Market By Type, By Thickness, By Application, By Region, Competition,
Forecast & Opportunities, 2024”, global gypsum board market
is expected to grow at a CAGR of close to 6% during the forecast period on
account of its increasing demand in the construction sector. Gypsum boards are witnessing
adoption in the construction and infrastructure industry on account of its
quality, versatility, non-combustible core and its exceptional feature of
providing sound control. With
rising population across the globe, the demand for commercial and domestic
building constructions is also increasing, which is fuelling demand for the construction
of buildings and repair activities. However, high cost of
machinery, raw material, other substitute products and improper transportation
facilities, are likely to hamper the growth of gypsum board market during the forecast
period.
Browse market data Tables and Figures spread through 110 Pages and an in-depth TOC on " Global Gypsum Board
Market"
https://www.techsciresearch.com/report/gypsum-board-market/4059.html
Global
gypsum board market is segmented based on type, thickness, application, region
and company. Based on type, the market can be segmented into wall boards,
ceiling boards and pre-decorated boards and others. In 2018, wall boards
represent the largest segment of global gypsum board market followed by
pre-decorated boards, however, pre-decorated
boards are expected to witness the highest growth until 2024. Based on
application, the market can be categorized into residential sector,
institutional sector, industrial sector and commercial sector. In 2018, residential
sector was the dominant end-user segment in global gypsum board market. This
can be attributed to the increasing affordable housing projects worldwide.
Residential sector is followed by commercial and institutional sectors.
Commercial sector is estimated to witness growth opportunities during forecast
period. Increasing acoustic and thermal insulation requirement for commercial
structures such as theaters, malls, shops and food centers are expected to be
the primary driver for the growth of the market during the forecast period.
American
Gypsum, BGC (Australia) Pty Ltd, USG Corporation (KNAUF), Beijing New Building
Material Public Limited Company (BNBM Group), Chiyoda Ute Co. Ltd, Continental
Building Products, Georgia-Pacific LLC, Global Gypsum Board Co. LLC (Gypcore),
Jason Plasterboard (Jiaxing) Co. Ltd, PABCO Building Products LLC, Osman Group,
Saint-Gobain, among others are some of the leading players operating in global gypsum
board market. Companies operating in the market are using organic strategies
such as product launches, mergers and collaborations to boost their share.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4059
Customers can also request for 10% free
customization on this report.
“Asia-Pacific is expected
to be the largest as well as the fastest growing market for gypsum board during
the forecast period, owing to the rapidly increasing construction activities in
the region. Moreover, increasing construction spending coupled with strong
demand for institutional buildings in economies such as China, India, among
others is further expected to drive Asia-Pacific gypsum market over the next
few years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“Global Gypsum Board Market By Type, By
Thickness, By Application, By Region, Competition, Forecast & Opportunities,
2024” has evaluated the future growth
potential of global gypsum board market and provides statistics & information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities in global
gypsum board market.
About TechSci Research
TechSci
Research is a leading global market research firm publishing premium market
research reports. Serving 700 global clients with more than 600 premium market
research studies, TechSci Research is serving clients across 11 different
industrial verticals. TechSci Research specializes in research-based consulting
assignments in high growth and emerging markets, leading technologies and niche
applications. Our workforce of more than 100 fulltime Analysts and Consultants
employing innovative research solutions and tracking global and country
specific high growth markets helps TechSci clients to lead rather than follow
market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]