Gypsum board is more advantageous among plywood, hardboard, and fiberboard as it is more resistant to fire, and therefore the market for the same is gaining traction from the builders and manufacturers these days. Gypsum board is defined as drywall, and is a combination of calcium sulfate dihydrate (gypsum) with or without additives. It is also renowned with other names such as plasterboard, wallboard, sheetrock, gyprock, and gypsum panel.
Foaming agents play a vital role in gypsum board as they reduce the density, drying times of plasterboard. On the other hand, they also increase thermal insulation and soundproofing. Additionally, these agents improve the production capacity and processing line speed of gypsum board. This board is widely used in as a building material for wall, as a ceiling board, pre-decorated board, single-layer gypsum board and also as a partition system in the residential, institutional, and commercial constructions. According to the Gypsum Association, more than 97% of the U.S. residential and non-residential constructions use gypsum board which is contributing to the growth of gypsum board in this country.
The latest report from IndustyARC evaluates that the global gypsum board market size was around $22 billion in 2018. And, its value is estimated to grow at a CAGR of around 6% during the forecast period 2019-2025. The report is titled: “Gypsum Board Market: By Type (Gypsum Wall Board, Gypsum Ceiling Board, Decorative Boards); By Installation (Purpose, Methods, Tools); By Application (Residential, Commercial Industrial Buildings); & By Geography – Forecast (2019-2025).”
The research analysts state that the residential application segment held a major share in the gypsum board market in 2018 and is projected to grow at a CAGR of 6% over the forecast period 2019-2025. Most of the residential constructions rely on the innovative gypsum products such as gypsum boards, panels, finish compounds, and accessories for green and sustainable designs are influencing the growth of gypsum board in the residential applications. APAC region holds the largest share which accounts for more than 35% among other regions in the gypsum board market for the year 2018. Growing green building programs such as Leadership in Energy and Environmental Design, increasing construction activities and presence of major gypsum board manufacturers in India are impacting the growth of gypsum board in this region and retain the same to be dominant through to 2025
Global Gypsum Board Market Companies: Recent Developments
Lafarge, Saint-Gobain Gyproc, Global Mining Company LLC, BPB India Gypsum are the key players in the gypsum board market.
- Saint-Gobain Gyproc:
- It provides plasterboard solution with five brand names such as Gyproc, Place, Rigips, British Gypsum and Certainteed in 67 countries. Recent development of Saint Gobain Gyproc is “Gyproc ceiling plasterboard” which is mainly used in ceiling systems.
- Knauf Nigeria:
- In 2018, Knauf Nigeria launched a new product Knauf Gypsum Board 9.5 mm to meet the rising requirements of increasing constructions. It is a versatile, strong and durable innovative product of this company.
Gypsum boards are the modern solutions which are widely used in sophisticated interiors everywhere. The increasing number of construction activities in Asian countries especially in India and China are attributing for the growth of long-lasting and energy efficient gypsum board market in the near future
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Country Wise Report:
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