Global Drywall and Gypsum Board Market – Overview
The Global Drywall and Gypsum Board Market is growing with the moderate pace; chiefly due to the upsurge in the global foreign direct investment (FDI) inflows. The Global Drywall and Gypsum Board Market is booming and expected to gain eminence over the forecast period. The market is forecasted to establish a decent growth by 2023, exceeding its previous growth records in with a remarkable CAGR during the anticipated period.
The recent trend in the construction industry shows a substantial rise in the residential construction, and industrial construction expansion. This recent trend has induced the demand in the Drywall and Gypsum Board Industry by deviating into a fresh application of drywall and gypsum board rather than just meeting the commercial needs. Furthermore the infrastructural development in growing countries of India, Myanmar, and Indonesia has fuelled the market growth.
The market is expected to continue with the similar trends during the forecast period. The major driving factors are accumulative FDI in construction in Asia-Pacific region, and supportive government regulations to boost construction and infrastructure development. The FDI inflows in Asia-pacific region has led to more construction projects and real-estate development. This is backed by the FDI in retail which has further pushed the number of retail outlets in the region. This has induced the demand for drywall and gypsum board in the region.
The governments have been endorsing their construction sector to bring development in the country. The emerging nations are particularly bringing several reforms to lift their infrastructure growth and also the real-estate market. Such growth is expected to augment the market growth of Drywall and Gypsum Board.
Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/5280
Global Drywall and Gypsum Board Market – Competitive Analysis
The market for Drywall and Gypsum has witnessed competition not only from the bigger players in the global market but also from regional and country level players. The small and mid-sized players have observed intense competition from the global players especially in the Asia Pacific market.
In March 2018, China National Building Material began gypsum wallboard plant project in Tanzania. The project is a part of its contribution in the government’s ‘One bet, one road’ strategy.
In 2018, Novotroitsk Soda Plant started the production of gypsum at its unit in Volga district in the Orenburg region. An investment of USD 39.3 million, was made in the plant. The plant is expected to produce 143,000 t annually when it touches full production capacity by 2021. It is also expected to also create 165 jobs when operational.
In March 2018, Lafarge Canada transforms the old Kamloops cement plant to agricultural gypsum producing unit. Lafarge Canada filed an application under the Environmental Management Act to release emissions from gypsum granulator at its plant at Kamloops. The company is expected to produce agricultural gypsum and dry pumice for concrete applications on the site.
In 2018, USG rejected an offer made by Knauf (Germany) to buy all of its shares for USD 42 per share in cash or around USD 5.9 billion in total. USG, however described the offer as ‘not required’ and also that the offer undervalued the company.
Global Drywall and Gypsum Board Market – Segments
Global Drywall and Gypsum Board Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.
Segmentation by Product: Comprises – Wallboard, Ceiling Board, Pre-Decorated Board, and Others
Segmentation by End-user: Comprises – Residential and Non-residential
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Global Drywall and Gypsum Board Market – Regional Analysis
The Asia-Pacific region dominated the Global Drywall and Gypsum Board Market in 2016. It is also predicted to be the fastest growing region for the Drywall and Gypsum Board. Rising urbanization, rapid industrialization, and advancement in spending capacity are the factors driving the growth of the market in Asia-Pacific region. China is one of the leading markets in the Asia-Pacific region. Growing industrialization and increased population, fuel the demand of residential construction.
Moreover, the issuing of constructive policies by the Chinese government helped in lowering the proportion of down payment for second house loans. This has helped the recovery of commercial hand residential construction market. This was backed by the rising demand for environment friendly & sustainable construction and various type of government support. This has fuelled the demand of Drywall and Gypsum Board Market in the region.
Get Complete Report @ https://www.marketresearchfuture.com/reports/drywall-and-gypsum-board-market-5280
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Company Name: Market Research Future
Contact Person: Akash Anand
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune –