The global Gypsum Board Market estimated to grow at a CAGR of 11.4% and reach $79.17 billion by 2025. Growing intake of the product in the segment of residential real estate is the fundamental reason motivating the development of the industry. The fiscal repossession after the year 2012, together with growing employment and credit rate for housing secured loan is likely to trigger the subdivision of construction in U.S.A. As stated by demographics of the business, demand is likely to be motivated by multifamily homes instead of single-family houses because the duty on student loan is likely to hamper the sales of the single-family houses.
The demand for better-quality substructure amenities in the sectors of commercial and housing owing to speedy industrial development, improved stages of earnings, better-quality standard of living and increasing populace is expected to motivate the demand more. The manufacturing cost of the gypsum board is extremely reliant on the obtainability of raw materials and the cost of the transport. Restricted source of raw material has directed to high price of the finish products. Therefore, a number of companies from Europe and North America are re locating their manufacturing plants to Asia Pacific.
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The EPA of U.S.A. has assessed and accepted the usage of Flue Gas Desulphurization [FGD] Gypsum. This is a derivative of coal-fired power generation industry and is a replacement for an extracted gypsum in the production of wallboard. Nearly half of the gypsum utilized in the manufacturing of wallboard is Flue Gas Desulphurization [FGD] gypsum and is projected to aid decreasing the levels of conservational pollution by way of decreasing mining for gaining raw material.
Some of the key facts from the report:
• Growing production of gypsum in the nations like Turkey and Russia, together with greater demand for commercial and residential buildings is likely to enhance the development of the market of gypsum board.
• By means of capacity, the scope of the global market is expected to extent 19,588 million square meters by the completion of 2025 and is likely to observe a CAGR of 6.3% above the period of forecast.
• By means of income, India is likely to be the speedily developing nation. It will grow at a CAGR of 15.6% above the period of forecast.
Some of the important companies for gypsum board market are USG Zawawi LLC, Knauf Dubai, Globa, Beijing Tonglanhai Technology Co. Ltd., Lafarge, Mining Company LLC, Etex Group, and Beijing New Building Material. Additionally, notable companies are Arcat, Inc., Gypsemna, Yoshino Gypsum Co., Ltd., Taishan Gypsum Co., Ltd., Saint Gobain, Georgia-Pacific Gypsum LLC, Gulf Gypsum Board, Baier Group Gypsum Decorative Building Materials Department, United Mining Industries, Etex Group, Pabco Gypsum, American Gypsum, National Gypsum, and CertainTeed.
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Gypsum Board Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 – 2025)
• Ceiling Board
• Pre-decorated Boards
Gypsum Board Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 – 2025)
• Pre-engineered Metal Building
Gypsum Board Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 – 2025)
• North America
• Asia Pacific
• South Korea
• Latin America
• Middle East & Africa
• Saudi Arabia
Related Reports of This Category Available at Million Insights: https://www.millioninsights.com/industry/advanced-materials
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