Insights into the Gypsum Board Market: Growth and Opportunities 2031
Gypsum Board Market Overview
The Global Gypsum Board Market is anticipated to expand at a CAGR of 6.5% from 2024 to 2031. Gypsum boards, also known as drywall, plasterboard, or wallboard, are utilized to create panels by pressing two thick sheets of paper made from gypsum plaster.
These boards are extensively used in partitions and linings between walls, ceilings, roofs, and floors. They provide numerous benefits such as thermal insulation, energy efficiency, and improved aesthetics, making them a popular construction material in residential and commercial sectors.
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Gypsum Board Market Trends
The market is driven by the increasing demand for thermal insulation in commercial offices, residential, and industrial projects due to rapid urbanization and industrialization. Gypsum boards help in energy saving by providing thermal insulation, thereby reducing air-conditioning load and electricity bills. The rising demand in the building and construction sector for thermal insulation and improved aesthetics of walls and ceilings is a significant market driver. Continuous product innovation and the launch of new products are also creating opportunities for market growth.
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Market Segmentation
By Type :Ceiling Board, Pre-decorated Board Wallboard, Others
By Product :Moisture Resistant Board, High Fire & Moisture Resistance, Plain Board, Paperless Gypsum Board, Aerated Gypsum Board, Mold Resistant Gypsum Board, Type X Gypsum Board, Sound-proof Gypsum Boards, Others
By Thickness :0-10 mm, 10-15 mm, 15-20 mm, 20-25 mm, Above 25 mm
By Shape :Square, Tapered, Beveled and Round edge, Rectangular, Others
By Application :Industrial, Residential, Commercial, Institutional
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Key Players are:
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USG Corporation
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Lafarge Holcim
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Cornerstone Building Brands
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National Gypsum
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Saint-Gobain
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Knauf
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Gulf Gypsum Co
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Kingspan Group plc
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Georgia Pacific
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Among others
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