DUBLIN, Nov. 16, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/4snr4p/plasterboard) has announced the addition of the "Plasterboard Market by Type, Form, Application & Geography - Global Forecast to 2020" report to their offering.
The global market for plasterboards is projected to grow at a CAGR of 5.65% from 2015, to reach $25.13 billion by 2020.
The plasterboard market has expanded owing to the developments in the building construction industry. The demand for plasterboard products is growing at a significant pace and is projected to grow at an even higher rate in the near future. With the rising population and increased incomes of people, the building construction industry is booming, and consequentially, so is the plasterboard market. The plasterboard market can be classified into two main categories based on application: residential and non-residential.
The market for plasterboards is observed to be matured in developing economies, such as Europe and North America. The reason behind this is the rapid growth in the construction sector. The Asia-Pacific region formed the largest market for plasterboards, in terms of volume, having accounted for 4.81 billion sq. mt. in 2014. North America formed the second-largest market, with the share of 29%. The Asia-Pacific region is projected to be the fastest-growing market for plasterboards from 2015 to 2020.
The market for plasterboards is driven by the demand from the construction industry. The rising population has encouraged construction of new buildings. High disposable income has enabled the end users to spend more on new constructions. Most importantly, the changing mindset of residential consumers has given a boost to the plasterboard industry.
Plasterboards are commonly available in two different forms of edges, namely, tapered-edged and square-edged. These edges serve different purposes in the construction of walls and ceilings. The installation process for these different forms of plasterboards differs from each other as well as the treatment done to the boards after installation. All types of plasterboards are available in these forms.
The global plasterboard market is marked with intense competition due to the presence of a large number of both, big and small firms. New product launches, mergers & acquisitions, and partnerships and expansions are the key strategies adopted by market players to ensure their growth in the market. Companies such as Saint-Gobain S.A. (France), USG Corporation (U.S.), Etex Group (Belgium), Armstrong World Industries, Inc. (U.S.), Georgia Pacific LLC (U.S.), Fletcher Building Limited (New Zealand) are some of the prominent companies in the plasterboard market, comprising 85% of the total market share.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Plasterboard Market, By Form
8 Plasterboard Market, By Product Type
9 Plasterboard Market, By End User
10 Plasterboard Market, By Region
11 Competitive Landscape
12 Company Profiles
- Armstrong World Industries, Inc.
- Boral Limited
- Etex Group
- Fletcher Building Limited
- Georgia Pacific LLC
- Gypsum Management and Supply, Inc.
- Kanuf GIPS KG
- National Gypsum Company
- Saint- Gobain S.A.
- USG Corpotation
For more information visit http://www.researchandmarkets.com/research/4snr4p/plasterboard
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SOURCE Research and Markets