Global Gypsum Board Market Sector: Types, Applications, Market Player Strategies, Regional Growth Insights, and Future Projections (2024 - 2031)
The "Gypsum Board Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Gypsum Board market is expected to grow annually by 5.00% (CAGR 2024 - 2031).
This entire report is of 143 pages.
Gypsum Board Introduction and its Market Analysis
The global Gypsum Board market research report highlights a favorable market condition driven by increasing construction activities worldwide. Gypsum Board is a building material used for walls and ceilings, favored for its durability and fire resistance. Major factors contributing to revenue growth include urbanization, renovation projects, and regulatory requirements for sustainable construction. Key players in the market include BNBM, Saint-Gobain, Etex Corp, Knauf, USG, National Gypsum, Boral, Yoshino, Baier, and Jason. The report's main findings suggest a promising future for the Gypsum Board market, with recommendations emphasizing innovation and market expansion strategies for sustained growth.
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The global Gypsum Board market is experiencing steady growth, with increasing demand for Regular, Moisture Resistant, and Fire Resistant types across Residential, Commercial, Industrial, and Other applications. The market is driven by the construction industry's need for durable and versatile building materials. Regulatory and legal factors specific to market conditions include stringent building codes and standards, environmental regulations, and safety guidelines. Manufacturers in the Gypsum Board market must adhere to these regulations to ensure product quality and safety. As the market continues to expand, companies must stay current with regulatory changes and adapt their production processes accordingly. Overall, the outlook for the Gypsum Board market remains positive, with opportunities for growth in various sectors and regions.
Top Featured Companies Dominating the Global Gypsum Board Market
The global gypsum board market is highly competitive with key players such as BNBM, Saint-Gobain, Etex Corp, Knauf, USG, National Gypsum, Boral, Yoshino, Baier, and Jason. These companies offer a wide range of gypsum board products catering to various applications such as residential, commercial, and industrial construction.
BNBM is one of the leading manufacturers of gypsum board globally, with a strong presence in the Asia Pacific region. Saint-Gobain, a French multinational corporation, is another key player in the market with a focus on high-performance building materials. Etex Corp, Knauf, USG, and National Gypsum are also major players in the market, offering a wide range of gypsum board products for different applications.
Boral, Yoshino, Baier, and Jason are also significant players in the market, contributing to the growth of the gypsum board market through their innovative products and strategic partnerships. These companies have been investing in research and development to introduce new products and technologies that cater to the evolving needs of the construction industry.
In terms of sales revenue, Saint-Gobain reported sales of approximately €42 billion in 2020, making it one of the largest players in the gypsum board market. Knauf also reported strong revenue figures, with sales exceeding €8 billion in 2020. National Gypsum and USG also reported significant sales revenue, contributing to the overall growth of the gypsum board market.
Overall, these key players in the gypsum board market play a crucial role in driving market growth through their product innovation, strategic partnerships, and strong distribution networks. Their investments in research and development help in introducing new products and technologies that meet the changing demands of the construction industry, contributing to the overall expansion of the gypsum board market globally.
- BNBM
- Saint-Gobain
- Etex Corp
- Knauf
- USG
- National Gypsum
- Boral
- Yoshino
- Baier
- Jason
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Gypsum Board Market Analysis, by Type:
- Regular
- Moisture Resistant
- Fire Resistant
Regular gypsum board is ideal for use in general interior wall and ceiling applications. Moisture resistant gypsum board has additives that make it more resistant to moisture, making it suitable for areas with high humidity such as bathrooms and kitchens. Fire resistant gypsum board has glass fibers and other additives that give it greater fire resistance, making it essential for areas where fire safety is a concern. The availability of these specialized types of gypsum board has significantly boosted demand in the market as they offer solutions for various construction needs, making them popular choices for contractors and homeowners.
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Gypsum Board Market Analysis, by Application:
- Residential
- Commercial
- Industrial
- Others
Gypsum board is widely used in residential, commercial, industrial, and other applications for interior walls and ceilings. In residential buildings, gypsum board is commonly used for constructing walls and ceilings. In commercial buildings, it is used for partition walls and as a fire-resistant barrier. In industrial settings, gypsum board is utilized for soundproofing and thermal insulation. Other applications include hospitals, schools, and hotels. The fastest growing application segment in terms of revenue is the commercial sector, driven by the increasing demand for office spaces and commercial buildings in urban areas.
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Gypsum Board Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The gypsum board market is expected to witness significant growth in regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In North America, the United States and Canada are projected to dominate the market, while in Europe, Germany and France are expected to lead the market. In Asia-Pacific, countries like China, Japan, and India are likely to capture a significant market share. Latin America is expected to see growth in Mexico, Brazil, Argentina, and Colombia. In the Middle East & Africa, Turkey, Saudi Arabia, UAE, and Korea are anticipated to drive market growth. The market share percentage valuation is estimated to vary across regions, with North America and Europe expected to hold a significant share of the global gypsum board market.
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