Market Size of Asia-Pacific Gypsum Board Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.29 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Gypsum Board Market Analysis
The Asia-Pacific Gypsum Board Market size is expected to grow from 15.06 billion square meters in 2023 to 20.42 billion Square Meters by 2028, at a CAGR of 6.29% during the forecast period (2023-2028).
The COVID-19 outbreak negatively impacted the market in 2020. With the COVID-19 pandemic's beginning, construction work stopped in the region, especially in major construction hubs like China and India. However, the market is projected to grow positively in the forecast period due to global construction sector growth.
- The primary factor driving the market studied is the increasing demand from the residential sector, owing to the new residential construction and repair activities in developing economies.
- On the flip side, the inability to perform in water is expected to hinder market growth.
- Increasing investment in the infrastructure sector is likely act as an opportunity during the forceast period.
- The residential segment dominated the market by application and is expected to continue doing so in the forecast period.
