Plasterboard Market - Global Industry Analysis

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Plasterboard is a panel made of gypsum (calcium sulfate dehydrate) generally pressed between a backer and a facer. Plasterboard is used to make interior walls and ceilings.

The global plasterboard market is anticipated to grow at a substantial rate within the forecast period. The growing demand from the non-residential end-user industries from emerging economies fuels the market growth. The increased use of plasterboard was widely observed both in residential and non-residential sectors in most of the regions. But major demand for the plasterboards is from the non-residential sector thus contributing to the global plasterboard market growth over the years to come. The prominent companies in the market are highly investing in product developments, evaluating their market share, and expanding product portfolio, which also the plasterboard market growth in the near future. Government rules and regulation regarding VOCs has created the need for the development of new and eco-friendly products of plasterboard. Fluctuating raw material prices of plasterboard may hinder the market in the coming years. Environmental concerns may act as a restraining factor to global plasterboard market growth. Nonetheless, product innovations and emerging market developments, especially in the Asia Pacific region are likely to open new avenues for the market during the years to come.

The global plasterboard market has been segmented on the basis of form, type, end-user industry, and region. On the basis of form, the plasterboard market is classified into square-edged and tapered-edged. Square-edged is the most dominant form, which accounted for a major market share in 2017 owing to its increased application in the construction sector.

Based on the type, the global plasterboard market is mainly divided into standard, fire resistant, sound insulated, moisture resistant, thermal, specialist, impact resistant, triple low end, and gas filled. In terms of value, fire resistant type is expected to grow at the highest CAGR in the forecast period owing to the increasing environmental concerns. Fire resistant was the leading type segment of the global plasterboard market in 2017. Based on end-user industries, the global plasterboard market is mainly segmented into residential and non-residential.

In terms of geographies, the plasterboard market has been studied for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2017, Asia Pacific was the largest market for plasterboard. This growth is mainly attributed to the rising demand for plasterboard from various countries such as China and India. Moreover, China is predicted to be the fastest growing market for plasterboard within the forecast period owing to the growing construction activities in the region. The Asia Pacific was followed by North America; the U.S. is anticipated to register the highest growth rate in the region. The market growth rate in Latin America and the Middle East and Africa is expected to stay higher in the next few years.

The major players of the global plasterboard market include Georgia Pacific LLC, Etex Group, Ayhaco Gypsum Products, Jason Plasterboard Co. Ltd., Gypsum Management, Saint-Gobain S.A., Supply, Inc., and Armstrong World Industries Inc. Other influencing players include National Gypsum, USG Corporation, Knauf Gips KG, Tanzania Gypsum Limited, Siniat Ltd., Atiskan Gypsum Products Co. Inc., Boral Ltd., Lafarge Holcim Ltd., and Fletcher Building Ltd., among others.