Plasterboard Market: Low Emission VOC Drywalls Gaining Traction from Consumers

Gaining traction from the flourishing construction industry, primarily in the APAC region, the global plasterboard market is poised for excellence in the near future, as per the findings of a newly published market research report by IndustryARC. The report evaluates the global plasterboard market to be filled with opportunities worth around $19.754 billion as of 2018, with the demand expanding at a CAGR of 4.6% during the forecast period of 2019 to 2025. The report is titled, "Plasterboard Market: By Type (Standard, Fire-Resistant, and Others); By Form (Tapered-Edged, Square-Edged, and Others); By Application (Walls, Ceilings, and Others); By End User (Residential Building, Commercial Building, and Others); By Trends; & By Geography (North America, South America and Others) Forecast (2019 - 2025).”

Plasterboard is also known as drywall, wallboard, sheetrock, gypsum board, gyprock, or gypsum panel. It is a panel made up of calcium sulfate dihydrate (gypsum) used for the construction of ceilings and interior walls.  Rapid industrialization and increased disposable income along with the need for better infrastructures are provisioning the future endeavors of the plasterboard market.

Plasterboard is commonly used for interior wall covering such as covering insulation, plumbing pipes, and electrical wires. According to the report by the United States of Labor, the median annual wage for drywall and ceiling tile installers was $42,860 in May 2017. This is to say that the construction industry observed a robust global revenue and is growing. The demand in the plasterboard market is gaining traction from the construction sector, owing to superior quality, ease of installation, and low cost.

According to IndustryARC’s market analyst, APAC dominated the demand with a regional share of more than 36% in 2018. Furthermore, the wall is the leading application with a CAGR of around 4.9% during the forecast period. The plasterboard walls are slimmer than brick walls, thus it can create more usable space for the room. Furthermore, drywalls can support the heavy fixtures and able to withhold the minimum loading of 25kg. Most consumers want to leverage this aspect of the plasterboard walls in order to fix television, wall cupboards, and cabinets which are driving the plasterboard market. Additionally, rising residential construction industries in China and India is propelling the plasterboard market in the APAC region. 

Some of the major players in the plasterboard market are Armstrong World Industries Inc., Etex Group, Supply Inc., Saint-Gobain SA, Georgia Pacific LLC, and Gypsum Management.

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