Global Plasterboard Market is segmented By Type (Standard Plasterboard, ire-Resistant Plasterboard, Moisture-Resistant Plasterboard, Thermal Plasterboard, Specialist boards, Sound-insulated Plasterboard, Impact-Resistant Plasterboard, Damp-Proof Plasterboard), By Form (Square-Edged, Tapered-Edged), By End User (Residential, Non-Residential), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Market Overview
A Report by DataM Intelligence estimates the Global Plasterboard market to grow at a high CAGR Of 7.1% during the forecast period 2024-2031. The competitive rivalry intensifies with Knauf, Fletcher Building Ltd.., Ayhaco Gypsum Products, and others operating in the market.
Plasterboard is a panel made of gypsum (calcium sulfate dihydrate), generally extruded between thick sheets of facer and backer paper, typically used in the construction of interior walls and ceilings. It is used for partitions and the lining of walls, ceilings, roofs, and floors. The properties of plasterboard can be modified to meet specific requirements such as fire resistance, moisture resistant, shock resistance, etc. Plasterboard is also known as Drywall, Wallboard, Sheet Rock, Gypsum Board, or Gypsum panel.
Market Summary
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Metrics |
Details |
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Market CAGR |
7.1% |
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Segments Covered |
By Type, By Form, By End User, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
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Fastest Growing Region |
North America |
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Largest Market Share |
Asia Pacific |
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Drivers & Restraints
Due to the rising population, the construction sector is witnessing high growth and the market for Plasterboards is increasing mainly because of its growing demand in the construction industry. There is a high preference for the use of plasterboards over traditional systems in the construction industry owing to its superior quality, low cost, versatility, and easy installation. Also, plasterboards are more eco-friendly as compared to traditional systems. Thus, the changing trends in the construction industry which are leading to the adoption of more cost-efficient, fast, durable, eco-friendly, and modern building techniques are boosting the demand for plasterboards.
In 2017, approximately 25 billion square feet of plasterboard products were sold in the United States. The usage of plasterboard, in the US, is becoming more
prevalent compared to traditional lath and plaster owing to its wide applications and cost-efficiency. The home-builders are facing the challenge of increasing building materials costs, which is driving the demand for plasterboard in the region.
Segmentation Analysis
The Global Plasterboard Market report segments the market by form, type, and end-use. Based on Form, the market can be segmented as Square-Edged and Tapered-Edged. Tapered edge boards are ideal for either joining or skimming, while the square-edged is generally used for textured finishes. The tapered-edged segment is anticipated to grow at a higher rate. It is because it is easy to use and can be easily installed as compared to square-edged plasterboard. The demand for the tapered-edged segment is high in developed regions like the U.S. Further, the type segment includes Standard Plasterboard, Fire-Resistant Plasterboard, Moisture-Resistant Plaster-board, Thermal Plasterboard, Specialist boards, sound-insulated Plasterboard, Impact-Resistant Plasterboard, and Damp-Proof Plasterboard. By End-use the report classifies the market as Residential and Non-Residential.
Geographical Growth
Based on geography, the market is segmented into - North America, South America, Asia-Pacific, Europe, and the Rest of the World. Asia-Pacific is the most dominant market for plaster-board and is expected to be the largest market during the forecast period. The high growth in the region can be attributed to the large population in the region which is leading to the development of the housing sector and rise in construction activities in countries like China and India.
The housing sector in India is currently booming. The housing sector in the country was about USD 126 billion in 2015, and it is estimated to reach USD 180 billion by 2020. Thus, the growth in the residential sector will boost the market for Plasterboard in the country.
