Gypsum-Based Plasterboard Trends and Forecast
The future of the global gypsum-based plasterboard market looks promising with opportunities in the standard plasterboard, fire-resistant plasterboard, sound-insulated plasterboard, thermal plasterboard, moisture-resistant plasterboard, and impact-resistant plasterboard markets. The global gypsum-based plasterboard market is expected to grow with a CAGR of 7.5% from 2024 to 2030. The major drivers for this market are rising construction activities and broad acceptance in both residential and commercial construction endeavor.
• Lucintel forecasts that, within the type category, residential is expected to witness a higher growth over the forecast period due to prevalent utilization in residential construction endeavors.
• Within the end use category, fire-resistant plasterboard will remain the largest segment due to rigorous safety protocols and growing awareness of fire risks in construction endeavors.
• In terms of regions, APAC will remain the largest region over the forecast period due to swift urbanization.
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Emerging Trends in the Gypsum-Based Plasterboard Market
The gypsum-based plasterboard market is undergoing significant transformation, driven by various emerging trends. These trends reflect changes in consumer preferences, regulatory requirements, and technological advancements, shaping the future of the industry.
• Sustainable Product Development: Growing environmental concerns are prompting manufacturers to develop eco-friendly plasterboards using recycled materials and low-emission components. This trend not only meets regulatory requirements but also appeals to environmentally conscious consumers, enhancing brand loyalty and market reach.
• Smart Building Integration: The rise of smart technologies in construction is leading to the development of plasterboards equipped with sensors and IoT capabilities. These smart boards allow for real-time monitoring of environmental conditions, enhancing building performance and energy efficiency.
• Enhanced Fire and Moisture Resistance: Increasing regulations for fire safety and moisture control are driving innovation in plasterboard formulations. Manufacturers are focusing on developing boards with superior fire-resistant properties and moisture barriers, catering to safety-conscious builders and consumers.
• Lightweight Solutions: The demand for lightweight plasterboard products is growing as they facilitate easier handling and installation, reducing labor costs and construction time. This trend is particularly beneficial in modular and prefabricated construction, where efficiency is paramount.
• Customization for Local Markets: There is a rising trend toward customizing plasterboard products to meet the specific needs of local markets. This approach allows manufacturers to cater to regional preferences and construction practices, enhancing product acceptance and market penetration.
These trends are collectively reshaping the gypsum-based plasterboard market, promoting innovation, sustainability, and efficiency across the industry.
Recent Developments in the Gypsum-Based Plasterboard Market
The gypsum-based plasterboard market has seen significant advancements in product innovation, manufacturing processes, and sustainability efforts. These developments are shaping the future of the industry by meeting the evolving needs of the construction sector.
• Eco-Friendly Products: Manufacturers in several regions are increasingly focusing on producing plasterboards using recycled materials and low-VOC emissions to meet growing sustainability demands. This aligns with the global push for greener building materials.
• Fire-Resistant Innovations: There has been a rise in the development of advanced fire-resistant plasterboards that enhance safety in both residential and commercial buildings. These boards are designed to meet stricter fire safety regulations and improve building resilience.
• Moisture-Resistant and Soundproof Options: New plasterboard variants that offer superior moisture resistance and soundproofing properties are becoming popular, especially in areas prone to high humidity or noise pollution. These innovations are catering to residential, commercial, and industrial needs.
• Modular and Prefabricated Construction: The growth of modular and prefabricated construction methods is driving demand for lightweight, easy-to-install plasterboard solutions. Manufacturers are focusing on products that reduce labor costs and construction time.
• Smart Plasterboards: Integration of smart technologies, such as IoT sensors for real-time environmental monitoring, is becoming more prevalent. These plasterboards allow builders to track moisture levels, temperature, and other key factors to enhance building performance.
These recent developments in the gypsum-based plasterboard market highlight a shift toward innovation, sustainability, and efficiency, positioning the industry to better meet the evolving demands of modern construction practices.
Strategic Growth Opportunities for Gypsum-Based Plasterboard Market
The gypsum-based plasterboard market presents several strategic growth opportunities across key applications. Companies can leverage these opportunities to expand their market presence and enhance profitability.
• Residential Construction: The ongoing growth in residential construction, driven by urbanization and housing demands, offers significant opportunities for plasterboard manufacturers. Developing versatile and aesthetically pleasing plasterboard products tailored for homes can capture a larger market share.
• Commercial Construction: Increasing investments in commercial infrastructure create a demand for durable and efficient building materials. Focusing on high-performance plasterboards that meet commercial standards for safety and efficiency can drive growth in this sector.
• Renovation and Remodeling: The renovation market is expanding, particularly in urban areas. Targeting this segment with specialized plasterboards that address specific needs, such as acoustic control and moisture resistance, can yield substantial growth.
• Sustainable Building Practices: As sustainability becomes a priority in construction, manufacturers can develop eco-friendly plasterboards that align with green building certifications. This strategy can enhance brand reputation and appeal to environmentally conscious consumers.
• Emerging Markets: Growth in emerging markets, particularly in Asia-Pacific, presents opportunities for plasterboard companies. Tailoring products to meet local construction practices and preferences can help penetrate these growing markets effectively.
These growth opportunities are reshaping the gypsum-based plasterboard market, encouraging innovation and responsiveness to consumer needs.
Gypsum-Based Plasterboard Market Driver and Challenges
The gypsum-based plasterboard market is influenced by various drivers and challenges stemming from technological, economic, and regulatory factors. Understanding these dynamics is crucial for navigating this evolving sector.
The factors responsible for driving the gypsum-based plasterboard market include:
• Rising Construction Activities: The increasing demand for residential and commercial buildings globally is driving the gypsum-based plasterboard market. As construction projects grow, the need for efficient and durable building materials rises, boosting plasterboard sales.
• Focus on Sustainability: Heightened awareness of environmental issues is leading to a demand for eco-friendly building materials. Manufacturers are responding by developing sustainable plasterboard options, which appeal to both consumers and regulatory bodies.
• Technological Advancements: Innovations in plasterboard production and formulation are enhancing performance features such as fire resistance and insulation. These advancements are making gypsum-based plasterboards more competitive compared to traditional materials.
• Regulatory Standards: Stricter building codes and safety regulations are driving demand for high-quality plasterboards. Compliance with these standards requires manufacturers to invest in better products, further stimulating market growth.
• Urbanization Trends: The global trend of urbanization is increasing the need for efficient housing solutions. This demographic shift creates opportunities for plasterboard manufacturers to provide materials for urban residential projects.
Challenges in the gypsum-based plasterboard market are:
• Raw Material Supply Issues: Fluctuations in the availability and prices of raw materials used in plasterboard production can affect profitability. Manufacturers must manage supply chain risks to ensure consistent production levels.
• Competition from Alternatives: The presence of alternative wall construction materials, such as concrete and wood, poses a challenge. Companies need to differentiate their products through innovation and marketing to retain market share.
• Regulatory Compliance Costs: Meeting evolving regulations can increase operational costs for manufacturers. Balancing compliance with profitability is essential for sustaining market growth and ensuring product availability.
These drivers and challenges collectively shape the gypsum-based plasterboard market, influencing product development, consumer behavior, and overall market dynamics.
List of Gypsum-Based Plasterboard Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies gypsum-based plasterboard companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the gypsum-based plasterboard companies profiled in this report include-
• Saint-Gobain Group
• Knauf Digital
• National Gypsum Services Company
• Etex Group
• Georgia-Pacific
• Fletcher Building
• PABCO Gypsum
• China National Building Material Company Limited
• USG Corporation
• American Gypsum Company
Gypsum-Based Plasterboard by Segment
The study includes a forecast for the global gypsum-based plasterboard by type, end use, and region.
Gypsum-Based Plasterboard Market by Type [Analysis by Value from 2018 to 2030]:
• Standard Plasterboard
• Fire-Resistant Plasterboard
• Sound-Insulated Plasterboard
• Thermal Plasterboard
• Moisture-Resistant Plasterboard
• Impact-Resistant Plasterboard
• Others
Gypsum-Based Plasterboard Market by End Use [Analysis by Value from 2018 to 2030]:
• Residential
• Non-Residential
Gypsum-Based Plasterboard Market by Region [Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Country Wise Outlook for the Gypsum-Based Plasterboard Market
The gypsum-based plasterboard market is evolving rapidly, influenced by construction trends, sustainability initiatives, and technological advancements. As demand for lightweight, durable, and fire-resistant building materials increases globally, manufacturers are innovating to meet diverse market needs. In regions like the United States, China, Germany, India, and Japan, key developments include new product formulations, enhanced manufacturing processes, and an increased focus on eco-friendly materials. This overview highlights recent advancements in each of these countries, illustrating the dynamic nature of the plasterboard market.
• United States: In the U.S., the gypsum-based plasterboard market is witnessing a shift toward eco-friendly products, driven by increased awareness of sustainability. Manufacturers are introducing boards with recycled materials and low-VOC emissions to meet green building standards. Additionally, advancements in fire-resistant plasterboards are gaining traction, catering to safety-conscious consumers. The growing trend of modular and prefabricated construction is also influencing product offerings, as builders seek lightweight and easy-to-install solutions that reduce construction time and labor costs.
• China: ChinaÄX%$%Xs gypsum-based plasterboard market is rapidly expanding due to urbanization and infrastructure development. The government’s emphasis on sustainable construction practices is pushing manufacturers to innovate with environmentally friendly products. Recent developments include the introduction of moisture-resistant and soundproof plasterboards, catering to residential and commercial needs. The growing popularity of drywall systems over traditional building methods is also driving demand, prompting manufacturers to invest in advanced production technologies to meet increasing consumer expectations.
• Germany: Germany is leading in the gypsum-based plasterboard market with a strong focus on energy efficiency and sustainability. The country is witnessing advancements in insulation properties, with manufacturers developing boards that provide superior thermal and acoustic insulation. Additionally, there is an increased emphasis on lightweight plasterboards that facilitate easier handling and installation. Regulatory pressures for energy-efficient buildings are encouraging innovation, with a growing demand for products that meet strict environmental standards and enhance building performance.
• India: In India, the gypsum-based plasterboard market is gaining momentum, driven by rapid urbanization and rising construction activity. Recent developments include the introduction of cost-effective plasterboard solutions tailored to the local market. Manufacturers are focusing on enhancing moisture resistance and fire safety to meet growing consumer demands. Additionally, the increasing adoption of modern construction techniques, such as modular construction, is encouraging innovation and leading to the development of lightweight and easy-to-install plasterboard products.
• Japan: JapanÄX%$%Xs gypsum-based plasterboard market is characterized by technological innovation and a focus on durability. Recent advancements include the development of high-performance plasterboards that offer enhanced moisture resistance and seismic performance, addressing the unique challenges of the Japanese construction landscape. Manufacturers are also investing in smart building technologies that integrate plasterboards with IoT solutions for better performance monitoring. The market is increasingly leaning toward sustainable practices, with a focus on recycling and reducing waste in production processes.
Features of the Global Gypsum-Based Plasterboard Market
Market Size Estimates: Gypsum-based plasterboard market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Gypsum-based plasterboard market size by type, end use, and region in terms of value ($B).
Regional Analysis: Gypsum-based plasterboard market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, end use, and regions for the gypsum-based plasterboard market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the gypsum-based plasterboard market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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FAQ
Q1. What is the growth forecast for gypsum-based plasterboard market?
Answer: The global gypsum-based plasterboard market is expected to grow with a CAGR of 7.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the gypsum-based plasterboard market?
Answer: The major drivers for this market are rising construction activities and broad acceptance in both residential and commercial construction endeavor.
Q3. What are the major segments for gypsum-based plasterboard market?
Answer: The future of the gypsum-based plasterboard market looks promising with opportunities in the standard plasterboard, fire-resistant plasterboard, sound-insulated plasterboard, thermal plasterboard, moisture-resistant plasterboard, and impact-resistant plasterboard markets.
Q4. Who are the key gypsum-based plasterboard market companies?
Answer: Some of the key gypsum-based plasterboard companies are as follows:
• Saint-Gobain Group
• Knauf Digital
• National Gypsum Services Company
• Etex Group
• Georgia-Pacific
• Fletcher Building
• PABCO Gypsum
• China National Building Material Company Limited
• USG Corporation
• American Gypsum Company
Q5. Which gypsum-based plasterboard market segment will be the largest in future?
Answer: Lucintel forecasts that residential is expected to witness the higher growth over the forecast period due to prevalent utilization in residential construction endeavors.
Q6. In gypsum-based plasterboard market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to swift urbanization.
Q.7 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the gypsum-based plasterboard market by type (standard plasterboard, fire-resistant plasterboard, sound-insulated plasterboard, thermal plasterboard, moisture-resistant plasterboard, impact-resistant plasterboard, and others), end use (residential and non-residential), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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