Global Drywall and Gypsum Board Market – Overview
Real Estate industry never faces recession. Therefore, the markets for products and services relevant to the real estate industry are always strong. Market Research Future (MRFR) has published and released a research report about the global drywall and gypsum board market that foretells success for this market with 5.95% CAGR during the forecast period between 2017 and 2023.
This report analyzes the presence and strategies of several well-established and small players in this competitive market. Regarding, well-established players, the report observes collaborations, corporate acquisitions, expansion, partnerships, and product launches that benefit the market and help market players to retain and maintain their market position. Apart from competitive practices, the report also covers the substantial investment for research and development (R & D) by key players that can help them to score an edge over their competitors and attract more customers.
The global drywall and gypsum board market has been segmented on the basis of the end user, product, and region. Based on the end user, this market has been segmented into residential and non-residential. On the basis of end-user, the market has been segmented as residential and non-residential. Residential segment has the upper hand in the market. During the forecast period, it is expected to witness the highest growth. Factors contributing to the market growth in this segment include changing consumer lifestyle and increasing disposable income of consumers. Also, the rise in home improvement and renovation projects also fuel the demand of the market in residential applications. The non-residential sector is expected to contribute significantly during the forecast period with an increase in demand from the corporate offices, education, and hospitality being primary reasons.
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The product-based segmentation segments the market into ceiling board, pre-decorated board, wallboard, and others. Among these, wallboard segment commands the largest market share. During the forecast period, it is expected to retain its position in the market. Factors contributing to the market growth of wallboard include growing application of wallboard in the construction of shops, offices, and malls, along with its usage as wall partition system. The ceiling board segment has been anticipated to make a significant contribution to the market because the demand for ceiling boards from residential, and non-residential construction sectors is increasing.
The regional segmentation of the global drywall and gypsum board market segments the market into continent-based regional markets namely North America, Europe, Asia Pacific, and rest of the world (RoW). Among these, the largest regional market is in the Asia Pacific region. The primary market drivers in this region include the availability of ample raw material stocks and low-cost labor, economic growth in the region that are allowing for a greater requirement for commercial and institutional infrastructure spaces, and rapidly growing construction activities. Among all country-specific markets in this region, China is the leading market because favorable policies and tax exemptions issued by the Chinese government have lowered the high prices in the housing sector and various aspects of real estate which is delivering a positive impact on the market. After China, the most important country-specific markets in this region are India, Japan, and Singapore, followed by the rest of the Asia Pacific region. In the residential sector, growing population in China and India is creating demand for the construction of more houses in these countries.
North America is another major regional market. In this region too like many other most the regions in the world, the growing residential and non-residential construction activities are driving the market growth. The most important country-specific markets in this region are the United States of America (USA) and Canada. During the forecast period, Europe is expected to remain a significant market due to the growing popularity and use of drywall in residential construction in Europe. In this region, the country-specific markets are France, Germany, Italy, and the United Kingdom (UK). In the RoW segment, the biggest markets are the Middle East and South America regions, that are expected to make a significant contribution to the market, during the forecast period because the lifestyle of people is changing in these regions and over the years, the construction sector in these regions has also witnessed high growth.
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.
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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.
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- USG Zawawi Drywall LLC SFZ (Oman)
- Knauf Middle East (Dubai)
- Gypsemna Co. LLC (Dubai)
- Global Mining Co. LLC (Oman)
- Gulf Gypsum Co. (Qatar)
- National Gypsum Co. (U.S.),
- Etex Group (Belgium)
- Lafarge Group (France)
- Saint – Gobain Gyproc India Ltd (India)
- Taishan Gypsum Co. (China)
Latest Industry News
- A team from Washington State University has developed a unique building system made from low-value construction waste that is likely to reduce waste while creating affordable housing. A prototype structure features the drywall-based bricks. 9 JUL 2018
- Drywall gypsum board producer National Gypsum Company is set to invest $25 mn over the next five years in order to upgrade existing machinery and install new equipment as part of plans to restart its Wilmington, NC plant that closed in 2009. 8 MAY 2018
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