A report on “Drywall & Building Plaster Market” has been appended into the market research report database of Reports and Insights, in recent times, that promises to offer a complete analysis to its readers on the growth forecasts and development prospects of the market, together with the potential business opportunities in the industry. The study, which emphasizes the most recent business dynamics, trends, growth drivers and opportunities that are impacting the market growth, also comprises the market size and the compounded average growth rate (CAGR) for the projected period 2022 and 2030. The report on “Drywall & Building Plaster Market” also incorporates an in-depth assessment on both the macro- and micro-environmental factors that are likely to impact the market growth over the forecast period. In addition to that, analytical tools such as Porter’s five forces analysis and PESTEL analysis are utilized to reckon and gather the factors that are playing the role of the driving force for the growth of the market.
The global drywall & building plaster market in 2022 is estimated for more than US$ 83.2 Mn and expected to reach a value of US$ 126.4 Mn by 2030 with a significant CAGR of 5.4%.
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Drywall & Building Plaster Introduction
Drywall, also known as wallboard, gypsum board, or plasterboard, is a panel manufactured from calcium sulfate dihydrate (gypsum), with or without additives; and is normally pressed in between a facer and a backer, which is thick sheets of paper. These drywalls a widely used to make ceilings and interior walls. On the other hand, a plaster is a mixture of fiber, plasticizer, foaming agent and other additives that focuses on lowering the water absorption, reducing mildew problems and improves the fire resistance property.
Drywall & Building Plaster Market Dynamics
The increasing count of the population across the globe is further increasing the demand for living spaces and privacy among the residents. This has resulted in the elevating demand for drywall and building plasters in building and construction market. In addition, the factors like increasing disposable income and growing demand for interior designing of the residential properties, hotels, educational institutes, etc. are also responsible for fuelling the growth of this market. However, drywalls are delicate in nature and hence they have a risk of being damaged, which is the major concerning factor that hampers the growth of this market.
The global drywall & building plaster market is expected to increase at a significant CAGR over the forecast period owing to the increasing urbanization and growing building and construction industries, globally. The market is also fueled by the increasing need for fire-resistant, shock-proof and sound-proof walls. However, the lack of skilled manpower for the installation may obstruct the growth of drywall and build plaster market.
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Drywall & Building Plaster Market Segmentation
The global drywall & building plaster market is segmented on the basis of product type, application, and region.
On the basis of product type, the global drywall & building plaster market can be segmented into drywall and building plaster. The building plaster segment is further fragmented into gypsum, lime, and cement. On the basis of therapeutic application, the global drywall & building plaster market can be segmented into residential, wholesale & retail buildings, offices, academic & educational buildings, hotels & restaurants and others.
Drywall & Building Plaster Market Key Players
Global drywall & building plaster market is mainly dominated by American Gypsum Company LLC, Compagnie de Saint-Gobain S.A., Etex S.A., Fermacell, Georgia-Pacific, Gyptec Iberica, Knauf Gips KG, National Gypsum Properties, LLC, PABCO Building Products, LLC, ROCKWOOL International A/S, USG Boral Building Products and USG Corporation.
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