Global Gypsum Board Market By Product (Wallboard, Ceiling Board, Pre- decorated Boards, Exterior Wall, Interior Wall, Tile Base, Accent Wall, Movable Partition, Others), Application (Pre-engineered Metal Building, Residential, Industrial, Commercial, Institutional), Thickness (1/2 Thickness, 5/8 Thickness, Other), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Gypsum Board Market

Global gypsum board market is set to witness a substantial CAGR of 7.48% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Increasing demand from residential sector and growing prevalence for construction materials are the factor for the market growth.

Market Definition: Global Gypsum Board Market

Gypsum board is a panel composed of calcium sulfate dihydrate (gypsum), even without additives, usually compacted between thick facer sheets and back paper. They are mainly used for the construction of interior wall or ceiling. These plasters are mainly combines with foaming agents, fiber, plasticizers and others so they can decrease the flammability and water absorption. Wall boards, pre- decorated boards, exterior wall, movable partition among others are some of the common products of the gypsum board.

Market Drivers:

Increasing industrialization will accelerate the market growth
Rising spending by the government will also contribute as a factor for the market growth
Growth in residential real estate sector acts as a market driver
Increasing repair activities worldwide is another factor boosting the growth of this market

Market Restraints:

Complexity associated with the raw material supply will hamper the market growth
They are prone to water damage; this factor will also restrain the growth of the market in the forecast period