Plasterboard Market is estimated to touch USD 22930 million by 2022

Plasterboard Market Analysis Size, Growth rate and Overview:

Plasterboard Market was valued at USD xx million in 2017 and is expected to reach almost USD 22930 million by the end of 2022, growing at a CAGR of around xx% over the predicted period.

Plasterboardare used mainly in the construction of residential and commercial frames such as interior wall panels or roof coverings, which gives the structures different properties, such as reducing the transmission of noise on the walls and respecting the environment and the accumulation of moisture in the baths and additives have added the final product to the drywall. With rapid urbanization throughout the world, especially in emerging economies, there is an exponential growth in the construction sector, which supports the growth of the global plasterboardmarket during the forecast period.

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Plasterboard Market Key Drivers, Challenges, and Opportunities:

The market is motivated mainly by the growing preference of consumers for construction materials that are economical and sustainable. Because drywall is easy to install, it is gaining popularity among end users as it accelerates the construction process. The report also found that companies are increasingly choosing to adopt sustainable construction methods, which would make it even easier to update during the forecast period. Conversely, environmental concerns around the world are a major factor that can hamper the growth of the drywall market. According to his analyst, the increase in investment in research and development of environmentally friendly and high-performanceplasterboardpanels will open new opportunities in the near future.

Currently, the non-residential sector is much more sensitive to demand than the residential sector and benefits from its advantages, such as its easy installation that allows for quick construction, easier repair and flexible architecture often favoured for building those constructions. With respect to the type of product, the maximum demand corresponds to the fire-resistant segment, reflecting the growing security concerns and government regulations related to the security of the construction of offices and shopping centres.

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Plasterboard Market – Regional Presence:

Currently Asia Pacific, with emerging economies such as China and India, wherein industrialization is at an all-time peak, contributing the maximum demand for plasterboard, and will remain the most prominent regional market over the course of next few years. The demand from North America is expected to expand at second best CAGR during the forecast period of 2016 to 2023.

Some of the Key Players Profiled in this Plasterboard Market Report are:

Georgia Pacific LLC, Etex Group, Ayhaco Plasterboard Products, Jason Plasterboard Co. Ltd., Plasterboard Management, Saint-Gobain S.A., Supply, Inc., Armstrong World Industries Inc., USG Corporation, National Plasterboard, Knauf Gips KG, Siniat Ltd., among others.

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