Global Gypsum Board Market – Overview
According to a recent study report published by the Market Research Future, The global Market of Gypsum Board is booming and expected to gain prominence over the forecast period. Globally, the market for Gypsum Board has been rising up owing to the augmented construction activity, particularly in rebuild and renovation, with its associated growth in plasterboard demand. Hence, the global market of Gypsum Board is forecasted to demonstrate a spectacular growth by 2021, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017– 2021).
The global Gypsum board market has seen a phenomenal growth over the past few years and it has been expected that the global market would see a significant growth during the forecast period. This growth can be attributed to the growing market for application segment all across the globe. In this modern era, the technology has reformed in the construction sector where the demand for Gypsum board has attracted the manufacturers as well as contractors. Over the decade, the construction business is on its peak point and has created an ample amount of growth opportunities in the market. Emerging economies are increasing their spending particularly on infrastructure. Additionally, the rapid urbanization, growing residential sector, several benefits of Gypsum board are the major key driving factors. Geographically, APAC is expected to lead the global market followed by North America and Europe.
American Gypsum, Certainteed, Georgia-Pacific, National Gypsum, Pabco Gypsum, Knauf Dubai, Etex Group, Gulf Gypsum, Taishan Gypsum, Lafarge are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Gypsum Board market.
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Global Gypsum Board Market – Competitive Analysis
Characterized by the presence of several well-established and small players, the global Market of Gypsum Board appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. Vendors are focusing on improving their market performance and are expanding by acquiring promising companies in the fast-growing markets like India, China, Indonesia, Brazil, and South Africa. Marketers employ a continuous improvement strategy to analyze and update products, implementing improvements and launching new technologies to meet the changing needs of consumer. The market is expected to witness the entry of several new players who are technologically advanced and will capture a major portion of fast moving market of Gypsum Board in the coming years.
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said, “The rapid urbanization and increasing spending on construction section is one of the major driver as well as growing trend in the current market particularly in Asia-Pacific and Middle East and Africa. The demand for residential properties is these regions has increased immensely which has made the construction business very profitable however this aspects will help in expanding gypsum board across the nations.”
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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