Plasterboard Market Worth $25.13 Billion by 2020

DALLAS, April 29, 2015 /PRNewswire/ --

The report "Plasterboard Market by Type (Standard, Fire-Resistant, Sound Insulation, Moisture-Resistant, Thermal, Impact), Application (Residential, Non-Residential), Form (Tapered and Square Edged), & by Region - Trends & Forecast to 2020" published by MarketsandMarkets, The global market for Plasterboards witnessed rapid growth in 2012, and is projected to grow at a CAGR of 5.44% during the review period, to reach $25.13 Billion by 2020.

Browse 104 market data Tables and 54 Figures spread through 176 Pages and in-depth TOC on "Plasterboard Market"                                                                                                                        

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The market is segmented and revenues are forecasted on the basis of major regions, such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). The key countries are covered and their market sizes have been forecasted for each region. Further, the market is segmented and revenues are forecasted on the basis of applications.

The plasterboard industry has a positive outlook due to high growth in the construction industries. Rising per capita income and rising trends of safe and sustainable construction are accelerating the demand for standard, fire-resistant, impact-resistant, sound-resistant, and moisture-resistant plasterboards. Consumer preference in emerging economies such as China, India, Brazil, and South Africa are gradually transitioning from traditional building structures to new innovative infrastructure. The movement of rural population to urban areas in developing countries has also been increased, due to which the demand for new construction is on the rise. The U.S. and China are projected to witness the highest demand for plasterboard construction in the coming years. The demand of factories, manufacturing plants, stadiums, and offices has increased sharply due to rapid industrialization. The demand for industrial construction is projected to rise in developing countries, such as China, Brazil, and some other Asia-Pacific countries including India and Thailand.

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The global market for plasterboards witnessed rapid growth in 2012, and is projected to grow at a CAGR of 5.44% during the review period, to reach $25.13 billion by 2020. North America dominated the market for plasterboards, with a share of 29% in 2013; this market is driven by increasing competition, aggressive pricing, and rising consumer spending. The Asia-Pacific region is estimated to become the fastest-growing market for plasterboards.

The Plasterboard Market has expanded with 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 plasterboard 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.

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.), and Fletcher Building Limited (New Zealand) are some of the prominent companies in the Plasterboard Market, comprising 85% of the total market share.

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