The most recent published by Reports & Insights termed as “Drywall & Building Plaster Market: Opportunity Analysis and Future Assessment 2022-2030” provides exclusive information about the market, covering in-depth data about future market opportunities and prospects along with the possible challenges. It further mentions recent trends and impact of various factors which affects the growth of Drywall & Building Plaster Market. Moreover, the report also thoroughly states about the leading players competing in the market for the interest of its readers.
The global drywall & building plaster market in 2020 is estimated for more than US$ 83.2 Mn and expected to reach a value of US$ 126.4 Mn by 2028 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 Regional Overview & Analysis
On the basis of region, the global drywall & building plaster market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. Asia Pacific drywall & building plaster market is expected to be the most dominating market throughout the forecast period. The ongoing and upcoming building and construction projects in the developing countries like India and China is fueling the growth of this market in Asia Pacific region. In addition, the need for improvement of the aesthetic appeal of the buildings coupled with the interior heat management via thermal insulation provided by the false ceiling another factor boosting the growth of global drywall & building plaster market.
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The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give better opportunity for the customers to put their effort.
A research report on the drywall & building plaster market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that supports market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
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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