Gypsum Board Market - Global Industry Analysis 2024
Global Gypsum Board Market: Snapshot
Apart
from the productive properties of gypsum board, it is also employed as
an aesthetic building material, which is evident in the Harold Newman
Arena construction at the University of Jamestown in North Dakota.
Recently, the steeple segment of the arena was witnessed to become
colorful with the addition of gypsum board. The US$15.0 mn athletic
complex is set to drop curtains in August 2017.
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According
to the researchers, the global gypsum board market is prophesied to be
classified as per key parameters such as product and application. An
in-depth analysis of the market’s top segments is a great step to take
if a player wants to determine the lucrative and risk-bearing areas of
the industry.
The
report is a classic representation of a comprehensive and meticulous
study of the global gypsum board market. Players can look to take
confident strides in the international market with the help of this
industry guideline and make an enduring progress in their business.
Global Gypsum Board Market: Trends and Opportunities
The
global construction sector is envisaged to be a primary factor
propelling the demand for gypsum board as a preeminent building
material. Plywood, wood, brick, and other conventional construction
materials could be easily replaced with gypsum board over different
advantages such as sound attenuation, faster installation, and cost
effectiveness. End users of gypsum board are also expected to be allured
by other benefits such as enhanced mildew, mold, weather, and fire
resistance and grander finish. Businesses that deal with institutional,
commercial, and residential structures are predicted to swell the demand
for gypsum board in the building of partition systems, ceilings, and
walls.
Countries
importing the raw material gypsum for the production of gypsum board
could face the danger of price increase and be tied to local import
taxation regime. However, exporting countries are projected to encounter
a stable pricing scenario with price inflations materializing at a
gradual rate based on macroeconomic aspects. In the near future, the
shortage of crude gypsum could be dealt with as Oman and China expand
their capacities. The rising migration from rural to urban locations and
conventional buildings to innovative architectural structures is also
foreseen to raise the expectations of vendors operating in the global
gypsum board market.
Global Gypsum Board Market: Geographical Study
The
Asia Pacific gypsum board market is envisioned to expand rapidly, owing
to the speedy advancement in the construction sector of China and
ballooning population growth in other less developed nations. Housing
construction activities are frequenting at a high rate with a view to
satisfy the aggressive demand of the rising population in developing
nations. Besides this, certain properties of gypsum board such as easy
installation, cost effectiveness, and light weight could magnify its
employment in emerging nations.
The
constant rise in urbanization in countries such as Argentina, Mexico,
Malaysia, Thailand, and India is foretold to set the tone for the
worldwide gypsum board market. North America is another regional market
forecasted to showcase a telling growth on the back of profit-making
countries such as the U.S. There has been a significant rise in the
construction activities of commercial and residential buildings in the
U.S. As a result, North America is projected to take charge of a
perpetual demand for gypsum board, which is despite of the demand flop
in the last decade.
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Global Gypsum Board Market: Competitive Overview
The
prominent competitors operating in the world gypsum board market could
be Lafarge, Saint-Gobain Gyproc, Global Mining Company LLC, BPB India
Gypsum, and Etex Corp. The presence of umpteen small-scale vendors is
prognosticated to make the market fragmented. However, the nature of
fragmentation could differ on a regional level as per industry maturity
and production scenario.
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