Market Size of Plasterboard Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Plasterboard Market Analysis
During the time frame of the forecast, the global plasterboard market is expected to grow at a CAGR of more than 5%.
The outbreak of COVID-19 impacted plasterboard market growth in 2020 due to slowed construction industry growth. Because the income of a relatively large part of society was affected, it had a negative effect on the liquidity of money, which in turn had a negative effect on the performance of the construction sector. Also, problems with getting raw materials and workers were some of the biggest things that slowed down construction in 2020.But the increase in building projects after the pandemic has made more people want plasterboard.
- Most of the growth in the plasterboard industry can be attributed to the rise in residential construction and the need for more fire-resistant building materials.
- Lack of awareness among residential end-users and a lack of places to get rid of waste plasterboard are likely to slow the growth of the market.
- In the future, it is expected that new lightweight plasterboards will give the market a chance to grow.
- Asia-Pacific was the biggest market for plasterboard because the building industry in developing countries like China, India, and Indonesia was growing so quickly.
