Gypsum Board Market Latest Report By Product, Application, Region And Forecast To 2027

23/giu/2020 14:30:29 Grand View Research Contatta l'autore

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Gypsum Board Market

 San Francisco, 23 June 2020: The Report Gypsum Board Market Size, Share & Trends Analysis Report By Product (Pre-decorated Board, Wallboard, Ceiling Board), By Application (Commercial, Residential, Industrial), By Region, And Segment Forecasts, 2020 - 2027

The global gypsum board market size is anticipated to reach USD 100.73 billion by 2027, according to a new report by Grand View Research Inc. It is expected to exhibit a CAGR of 11.9% in terms of revenue, during the forecast period. Increasing utilization of gypsum boards in decorative and partitioning applications in residential constructions is anticipated to drive the market.

Construction Sector, which is the major consumer of gypsum board, has been majorly affected by the pandemic all over the world. It is predicted that if the pandemic persists, the adverse effects on the market will prolong and become starker.

The pandemic of COVID19 has put the economical activities in major countries on hold, leading to expected shrinkage in growth rate of world, according to UN. This is going to affect the demand in gypsum board market adversely.

Major market players are investing in R&D activities and projects. This leads to the innovation in the products, leading to increased capability and properties, which are used in several sectors. These innovations boost the demand of the product and proves to be very essential in pushing the growth rate of the market ahead.

Access Research Report of Gypsum Board Market

Some Recent Developments in Gypsum Board Market

  • In 2018, China National Building Material started gypsum wallboard plant project in Tanzania

The project is part of its participation in the government’s ‘One bet, one road’ industrial strategy. This proved to be growth beneficial step by CNBM as their year on year

revenue increased by a good percentage.

  • On April 24 2019, Knauf acquired USG, to create a drywall industrial giant.

Although the deal had a long gestation period, the end result is a company that will be a drywall industry giant. The transaction also considerably boosts the size of Knauf's North American business operations. The company is the largest European supplier of drywall – also called gypsum board, plasterboard, and wallboard – and has manufacturing operations in the Africa/Mideast region, Asia, and Central and South America. 

  • Saint Gobain looking to complete the acquisition of Continental Building Products, in 2020.

Saint-Gobain said that the purchase of the gypsum wallboard producer would increases its presence in the US with its positioning in growth regions in the East and Southeast US. It would also widen its product portfolio and create the opportunity for at least US$50m in cost synergies and performance improvements by the end of the third year following the close of the transaction.

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