Plasterboard Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Form (Square-edged and Tapered), Type (Damp-proof Plasterboard, Fire-resistant Plasterboard, Impact-resistant Plasterboard, Insulated Plasterboard, Moisture-resistant Plasterboard, Sound-insulated Plasterboard, Standard Plasterboard, and Thermal Plasterboard), End-user Industry (Residential and Non-residential), and Geography (Asia-Pacific, North America, Europe, South America and Middle East & Africa).

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

Greater Than 5 %

Major Players:

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Market Overview

The market for plasterboard is anticipated to register a CAGR of more than 5%, during the forecast period. The demand for plasterboards has witnessed an increase from the construction sector, owing to superior quality, low cost, and ease of installation. Plasterboard is essentially an inner layer of gypsum that is sandwiched between two outer layers of lining paper, with various additives added to the gypsum layer, while varying the additives, weight, and strength of the lining paper. The finished board offers different properties, such as insulation to sound and heat, impact resistance, and resistance to moisture accumulation in bathrooms and kitchens.

  • Strong demand for dry construction methods, over wet methods, and rising demand for fire-resistant construction materials are augmenting the growth of the market.
  • Lack of awareness among residential end users and low availability of plasterboard waste disposal plants are likely to hinder the market growth.
  • Emerging lightweight plasterboards are projected to act as an opportunity for the market, in the future.

Scope of the Report

The plasterboard market report includes:

Form
Square-edge
Tapered
Type
Damp-roof Plasterboard
Fire-resistant Plasterboard
Impact-resistant Plasterboard
Insulated Plasterboard
Moisture-resistant Plasterboard
Sound-resistant Plasterboard
Standard Plasterboard
Thermal Plasterboard
End-user Industry
Residential
Non-residential
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
NORDIC Countries
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Increasing Demand from the Residential Industry

  • The increasing middle-class population, coupled with their increasing disposable income, has facilitated the expansion in the middle-class housing segment, thereby increasing the use of plasterboard, during the forecast period.
  • Despite the higher demand, there is still a significant undersupply to meet the demand for housing, globally. This is presenting a major opportunity for investors and developers to embrace alternative methods of construction and new partnerships, in order to bring forward development.
  • The highest growth is expected to be registered in the Asia-Pacific region, due to the expanding housing construction market in China and India. Asia-Pacific has the largest low-cost housing construction segment, which is led by China, India, and the Southeast Asian countries.
  • In India, the government initiated a project called ‘Housing for All by 2022’, which is expected to immensely drive the low-cost residential construction segment in the country, throughout the forecast period.
  • Owing to the increasing middle-class population and residential buildings construction, coupled with government initiatives and investments, the demand for plasterboard in the residential sector, across all the regions, is expected to increase during the forecast period.

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China to Dominate the Asia-Pacific Region

  • In Asia-Pacific, China is the largest economy, in terms of GDP. The growth in the country remains high, but it is gradually diminishing, as the population is aging and the economy is rebalancing from investment to consumption, manufacturing to services, and external to internal demand.
  • China’s construction industry developed rapidly, due to the central government’s push for infrastructure investment, to sustain economic growth.
  • Despite the volatile growth in the real estate sector, the significant development of rail and road infrastructure by the Chinese government, to withstand the growing industrial and service sectors, has resulted in a significant growth of the Chinese construction industry in the recent years. As the construction industry is dominated by state-owned enterprises, the increased government spending is boosting the industry in the country.
  • Moreover, in order to contain the growing greenhouse gas predicaments in the country’s major cities, the country’s national climate commitment calls for 50% of all new buildings, constructed by 2020, to be certified as green buildings, while its 13th Five-year Plan prioritizes building efficiency. Following these commitments, the country’s green building sector is expected to increase from 5% to 28%, by 2030, representing a USD 12.9 trillion investment opportunity.
  • Overall, the market studied is projected to increase at high rates, owing to the rapid growth of the construction industry in the country.

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Competitive Landscape

The global plasterboard market is consolidated among the top players, with the top five players accounting for a major chunk of the market. Key players in the plasterboard market include Armstrong World Industries Inc., Etex Group, Georgia Pacific LLC, Gypsum Management and Supply Inc., LafargeHolcim, and Saint-Gobain SA, among others.

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Strong Demand for Dry Construction Methods over Wet Methods

      2. 4.1.2 Ease of Installation and Replacement

      3. 4.1.3 Demand for Fire-resistant Construction Materials

    2. 4.2 Restraints

      1. 4.2.1 Lack of Awareness among Residential End Users

      2. 4.2.2 Lack of Availability of Plasterboard Waste Disposal Plants

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Form

      1. 5.1.1 Square-edge

      2. 5.1.2 Tapered

    2. 5.2 Type

      1. 5.2.1 Damp-roof Plasterboard

      2. 5.2.2 Fire-resistant Plasterboard

      3. 5.2.3 Impact-resistant Plasterboard

      4. 5.2.4 Insulated Plasterboard

      5. 5.2.5 Moisture-resistant Plasterboard

      6. 5.2.6 Sound-resistant Plasterboard

      7. 5.2.7 Standard Plasterboard

      8. 5.2.8 Thermal Plasterboard

    3. 5.3 End-user Industry

      1. 5.3.1 Residential

      2. 5.3.2 Non-residential

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 ASEAN Countries

        6. 5.4.1.6 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 Italy

        4. 5.4.3.4 France

        5. 5.4.3.5 NORDIC Countries

        6. 5.4.3.6 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East & Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Armstrong World Industries Inc.

      2. 6.4.2 Atiskan Gypsum Products Co. Inc.

      3. 6.4.3 Ayhaco Gypsum Products

      4. 6.4.4 Etex Group

      5. 6.4.5 Fletcher Building

      6. 6.4.6 Georgia Pacific Gypsum LLC

      7. 6.4.7 Gyprock

      8. 6.4.8 Gypsemna

      9. 6.4.9 GMS Inc.

      10. 6.4.10 Gyptec Iberica

      11. 6.4.11 Jason Plasterboard Co. Ltd

      12. 6.4.12 LafargeHolcim

      13. 6.4.13 Mada Gypsum

      14. 6.4.14 National Gypsum

      15. 6.4.15 ECPlaza Network Inc.

      16. 6.4.16 USG Boral

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Emerging Lightweight Plasterboards

    2. 7.2 Other Opportunities

** Subject to Availability

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