Plasterboard Market
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Market Overview: The booming plasterboard market has seen phenomenal growth over the past few years and is expected to garner significant accruals over the recent future. The burgeoning construction industry drives the demand for plasterboard, witnessing augmented rebuild, and renovation activities. Moreover, technological advancements are escalating the market on further heights, reforming the construction sector, and attracting manufacturers as well as contractors. According to Market Research Future (MRFR), the global plasterboard market is poised to touch a valuation of USD 29.7 BN by 2025. In its recently published study report, AMRFR also asserts that the market would register a CAGR over 5.5% throughout the forecast period (2019 – 2025). The increase in demand from end-user industries driven by the increasing popularity of paperboards is a key driving force behind the growth of the market.
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Regional Analysis: The North American region would retain its dominance over the global paperboard market throughout the forecast period, accounting for the largest market share. Growing construction projects contribute to regional market growth, hugely. Furthermore, considerable advancements in technology foster market growth in the region, offering the material highdurability, cost efficiency, and maintenance-free properties. Displaying a moderate demand, the North American paperboard market is expected to create a substantial revenue pocket throughout the assessment period. The Asia Pacific region takes the second lead in the global plasterboard market. Factors such as the rapidly growing construction activities in the region drive the demand in the market. APAC countries, such as China, Singapore, Japan, and India, account for the major paperboard markets in the region. Recently, due to the expansion of various international players across the region, emerging countries such as China and India have witnessed significant growth in the plasterboard market. Additionally, improving economic conditions and rapid growth in industrialization are extensively contributing to the regional market growth.
Industry/ Innovation/ Related News: April 24, 2019 ---- Knauf Gips KG (Germany), a multinational company, well known for drywall gypsum boards, announced the completion of the acquisition of USG Corporation (United States Gypsum Corporation), an American manufacturer of construction gypsum materials including drywall & joint compound and paperboards and the largest distributor of wallboard. The addition of USG positions Knauf as a global leader in the building materials industry. The acquisition would enable Knauf to meet customers’ needs by leveraging two highly complementary businesses, product portfolios, and global footprints.
Competitive Analysis: Players leading the global plasterboard market include Etex Group (Belgium), Armstrong World Industries Inc. (US), SaintGobain SA (France), USG Corporation (US), Gypsum Management and Supply, Inc. (US), Georgia Pacific LLC (US), KNAUF Gips KG (Germany), Boral Limited (Australia), Fletcher Building Limited (New Zealand), National Gypsum Company (US), LafargeHolcim Ltd (Switzerland), Associated Tube Group (Canada), Marmon/Keystone Canada Inc. (US), EVRAZ PLC (Russia), Sandvik AB(Sweden), Tenaris SA (US), Welded Tubes, Inc. (US), and Welded Tube Of Canada Corp. (US), among others.
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