Market Size of Plasterboard Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | > 5.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Plasterboard Market Analysis
The Plasterboard Market is expected to register a CAGR of greater than 5% during the forecast period.
During the time frame of the forecast, the global plasterboard market is expected to grow at a CAGR of more than 5%.
The outbreak of COVID-19 impacted plasterboard market growth in 2020 due to slowed construction industry growth. Because the income of a relatively large part of society was affected, it had a negative effect on the liquidity of money, which in turn had a negative effect on the performance of the construction sector. Also, problems with getting raw materials and workers were some of the biggest things that slowed down construction in 2020.But the increase in building projects after the pandemic has made more people want plasterboard.
- Most of the growth in the plasterboard industry can be attributed to the rise in residential construction and the need for more fire-resistant building materials.
- Lack of awareness among residential end-users and a lack of places to get rid of waste plasterboard are likely to slow the growth of the market.
- In the future, it is expected that new lightweight plasterboards will give the market a chance to grow.
- Asia-Pacific was the biggest market for plasterboard because the building industry in developing countries like China, India, and Indonesia was growing so quickly.
Plasterboard Industry Segmentation
Plasterboard is basically a layer of gypsum between two layers of lining paper. The gypsum layer can have different additives added to it, and the lining paper can have different additives, weight, and strength. The market is divided into two types: square-edged and tapered. The market is segmented by types such as fire-resistant plasterboard, impact-resistant plasterboard, thermal insulated plasterboard, moisture-resistant plasterboard, sound-resistant plasterboard, and standard plasterboard. The report also covers the market size and forecasts for the plasterboard market in 15 countries across major regions. Market sizing and forecasting for each segment have been done based on volume (million-meter square).
| Form | |
| Square-edge | |
| Tapered |
| Type | |
| Standard Plasterboard | |
| Fire-resistant Plasterboard | |
| Thermal Insulated Plasterboard | |
| Moisture-resistant Plasterboard | |
| Sound-resistant Plasterboard | |
| Impact-resistant Plasterboard |
| End-use Sector | |
| Residential | |
| Non-residential |
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Plasterboard Market Size Summary
The plasterboard market is poised for significant growth, driven by the resurgence of construction activities post-pandemic and the increasing demand for fire-resistant building materials. The market's expansion is largely fueled by the booming residential construction sector, particularly in the Asia-Pacific region, where countries like China, India, and Indonesia are experiencing rapid urbanization and infrastructure development. Despite challenges such as a lack of awareness among end-users and disposal issues, the introduction of lightweight plasterboards presents new growth opportunities. The market is also benefiting from the rising middle-class population and their increasing disposable incomes, which are boosting the demand for housing and, consequently, plasterboard.
In the global landscape, the plasterboard market is dominated by a few key players, including Etex Group, National Gypsum Services Company, Saint-Gobain, Georgia-Pacific, and AWI Licensing LLC. These companies are actively investing in sustainable practices and expanding their production capabilities to meet the growing demand. Notably, Saint-Gobain is making strides towards sustainability with its plans to establish a zero-carbon drywall plant in North America. The market's growth is further supported by government initiatives and investments in housing and infrastructure, particularly in India and China, where substantial investments are expected to drive the construction of affordable homes and urban development projects.
Plasterboard Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Strong Demand for Dry Construction Methods over Wet Methods
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1.1.2 Increasing Demand from Residential Construction
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1.1.3 Rising Demand for Fire-resistant Construction Materials
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1.2 Restraints
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1.2.1 Lack of Awareness
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1.2.2 Lack of Availability of Plasterboard Waste Disposal Plants
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Volume)
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2.1 Form
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2.1.1 Square-edge
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2.1.2 Tapered
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2.2 Type
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2.2.1 Standard Plasterboard
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2.2.2 Fire-resistant Plasterboard
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2.2.3 Thermal Insulated Plasterboard
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2.2.4 Moisture-resistant Plasterboard
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2.2.5 Sound-resistant Plasterboard
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2.2.6 Impact-resistant Plasterboard
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2.3 End-use Sector
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2.3.1 Residential
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2.3.2 Non-residential
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2.4 Geography
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2.4.1 Asia-Pacific
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2.4.1.1 China
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2.4.1.2 India
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2.4.1.3 Japan
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2.4.1.4 South Korea
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2.4.1.5 ASEAN Countries
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2.4.1.6 Rest of Asia-Pacific
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2.4.2 North America
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2.4.2.1 United States
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2.4.2.2 Canada
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2.4.2.3 Mexico
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2.4.3 Europe
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2.4.3.1 Germany
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2.4.3.2 United Kingdom
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2.4.3.3 Italy
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2.4.3.4 France
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2.4.3.5 NORDIC Countries
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2.4.3.6 Rest of Europe
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle-East and Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 South Africa
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2.4.5.3 Rest of Middle-East and Africa
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Plasterboard Market Size FAQs
What is the current Plasterboard Market size?
The Plasterboard Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Plasterboard Market?
Etex Group, Saint-Gobain, Georgia-Pacific, AWI Licensing LLC and National Gypsum Services Company are the major companies operating in the Plasterboard Market.
