PUNE, India, January 19, 2017 /PRNewswire/ --
The report "Plasterboard Market by Type (Standard, Fire-Resistant, Sound-insulated, Moisture-Resistant, Thermal, Specialist, Impact-Resistant), Form (Tapered-Edged and Square-Edged), End-Use Sector, and Region - Global Forecast to 2021" published by MarketsandMarkets, the market size is estimated to grow from USD 18.07 Billion in 2016 to USD 23.85 Billion by 2021, at a CAGR of 5.7% between 2016 and 2021.
Browse 163 market data Tables and 47 Figures spread through 201 Pages and in-depth TOC on "Plasterboard Market"
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The global Plasterboard Market is projected to witness significant growth in the next few years due to the increase in consumer preferences for low cost, durable, and easily installable construction materials. Rise in construction activities in emerging economies and increase in inclination toward sustainable construction methods are creating growth opportunities for the Plasterboard Market.
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Non-residential sector to gain maximum traction during the forecast period
The non-residential sector is projected to grow at a comparatively higher CAGR during the forecast period. The growth can be attributed to the booming building construction industry in the Asia-Pacific, Latin American, and Middle Eastern & African regions where plasterboard is used as a key material for the construction of non-residential buildings. Additionally, characteristics such as easy installation & damage repair, quick construction, and flexible architecture have made plasterboard the preferred choice in the construction of non-residential buildings.
Fire-resistant segment projected to be the fastest-growing during the forecast period
On the basis of type, the fire-resistant segment is projected to grow at the highest CAGR from 2016 to 2021. This growth can be attributed to the new commercial constructions such as shopping centers and corporate offices as well as government regulations regarding safe building construction in most European and North American countries.
Asia-Pacific region constitutes the largest market share in the Plasterboard Market
The Asia-Pacific region contributes a major market share in the global Plasterboard Market. It is also projected to register the highest growth from 2016 to 2021, while China is projected to be fastest-growing country-level market in the region for the Plasterboard Market. North America is projected to grow at the second-highest rate between 2016 and 2021, with the U.S. registering the highest growth rate in the region. Emerging economies such as South Africa, Brazil, and countries in the Middle East are projected to grow at moderate CAGRs between 2016 and 2021.
The major players in the Plasterboard Market include Armstrong World Industries Inc. (U.S.), Etex Group (Belgium), Saint-Gobain S.A. (France), Gypsum Management and Supply, Inc. (U.S.), USG Corporation (U.S.), Georgia Pacific LLC (U.S.), Boral Limited (Australia), KNAUF Gips KG (Germany), Fletcher Building Limited (New Zealand), LafargeHolcim Ltd. (Switzerland), and National Gypsum Company (U.S.).
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