New York, NY, Sept. 03, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Plasterboard Market by Form (Square-Edged and Tapered-Edged), by Type (Standard, Fire Resistant, Sound Insulated, Moisture Resistant, Thermal, Specialist, Impact Resistant, Triple Low End, and Gas Filled), and by End-use Industry (Residential and Non-Residential): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024”. According to the report, global plasterboard market was valued at USD 19.10 billion in 2017 and is expected to reach USD 28.16 billion in 2024, growing at a CAGR of 5.7% between 2018 and 2024.
Plasterboard is also known as drywall, gypsum board, wall panels/wallboard. Plasterboard is majorly utilized for the construction activities and is very helpful to the builders as well as designers to meet up the building regulations for acoustic insulation, fire protection, and thermal efficiency. Plasterboard can also help to control potential damage and compression in high humid areas.
Browse through 88 Tables & 40 Figures spread over 110 Pages and in-depth TOC on “Global Plasterboard Market Size & Share 2017: By Industry Type, Segments, Growth Analysis and Forecast to 2024”.
Request Free Sample Report of Global Plasterboard Market Report @ https://www.zionmarketresearch.com/sample/plasterboard-market
Changing consumer preferences and rapid urbanization along with the robust need for the cost-effective construction materials contribute to the growth of the global plasterboard market. Increasing government focus on development initiatives to encourage infrastructural development in residential as well as in nonresidential sectors are the major factors aiding the development of the plasterboard market over the coming years. As plasterboards are easily installed and aids in speeding up the construction process its popularity is increasing among the end-users. An increased demand was witnessed for the plasterboards from end-user industries in 2017. The robust growth of end-user industries like the nonresidential sector across the globe is expected to be the major driver for the growth of the plasterboard market. Government is supporting as well as promoting the ecological policies. Sufficient raw material accessibility helps in the market growth. The manufacturing companies are focusing on developing innovative products, which is anticipated to open a new opportunity for the market. Plasterboard is one of the most trustworthy solutions in construction activities used by industries today.
Depending on the form; the global plasterboard market includes square-edged and tapered-edged. In terms of value, square-edged plasterboard form is expected to grow at the highest CAGR within the forecast period. Square-edged plasterboard is more preferable in multiple applications thus leading to the huge demand in 2017. Fire resistant type is the most widely used type of plasterboards. The nonresidential end-use industry is anticipated to grow at the fastest pace owing to its increased demand from the construction industry. In global plasterboard market, the nonresidential segment accounted for over 35% share in 2017. It is expected to continue its ascendancy in the forecast period. The rising demand for plasterboard from the nonresidential end-user industry segment is expected to propel the market growth. Increasing investments in infrastructure development and renovation activities are projected to augment the demand for plasterboard over the forthcoming years. The growth of plasterboard market is directly attributed to the growth of construction industry segment. The residential end-user industry segment holds several opportunities and is expected to be the major growth driver for the plasterboard market in the future years.
Download Free Report Brochure: https://www.zionmarketresearch.com/requestbrochure/plasterboard-market
In 2017, Asia Pacific dominated the plasterboard market and accounted for more than 40% share of the market. India, China, and Indonesia are projected to emerge as the most rapidly growing countries in the global plasterboard market. The need for high-quality infrastructure in developing countries is driving the market growth. Moreover, the increasing chemical processing industrial activities, construction and building sectors in countries such as China, India, and Indonesia anticipate propelling the market’s profit margin during the upcoming years. In emerging economies increased foreign direct investments (FDI) has also contributed to the market growth. Rapid urbanization in emerging countries has to lead to the boom in the residential as well as commercial real estate market. Country wise, China is the largest consumer of the plasterboard. The growth in the region is mainly attributed to the expanding construction industry. Government rules and regulations are likely to encourage the utilization of plasterboard thus they are acting as the important factors that will drive the market in the region. Increasing disposable income and rising population further contributes to the market growth.
North America was the second largest market for plasterboard holding around 23% share. The U.S. is one of the major consumers of plasterboard. Rising demand for plasterboard in government projects is expected to boost the market size in the region over the forthcoming years. Furthermore, easy financial assistance by the government and private institutes for construction projects are fueling the demand for the plasterboard market. Plasterboard market is developed and its production is enough to meet regional needs. Rapid urbanization has dominantly contributed towards the growth of the construction sector, which anticipates propelling plasterboard market.
Request for Discount Offer: https://www.zionmarketresearch.com/requestdiscount/plasterboard-market
Europe was the emerging market of plasterboard during the past decades. The stringent rules and regulations are the driving forces of the market in the region. Furthermore, the rising industrial activities in the UK, France, and Germany also contribute to increasing the market’s profit margin during the next few years. Moreover, growing government projects in the region are also contributing to the plasterboard market growth.
Latin America is expected to experience decent growth in the plasterboard market in the near future due to the significant investment by the international companies for infrastructural projects in Brazil and Argentina. The Middle East & Africa are also expected to experience moderate growth.
Browse the full "Plasterboard Market by Form (Square-Edged and Tapered-Edged), by Type (Standard, Fire Resistant, Sound Insulated, Moisture Resistant, Thermal, Specialist, Impact Resistant, Triple Low End, and Gas Filled), and by End-use Industry (Residential and Non-Residential): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024" report at https://www.zionmarketresearch.com/report/plasterboard-market
Some of the major players of the global plasterboard market are Georgia Pacific LLC, Etex Group, Ayhaco Gypsum Products, Jason Plasterboard Co. Ltd., Gypsum Management, Saint-Gobain S.A., Supply, Inc., Armstrong World Industries Inc., USG Corporation, National Gypsum, Knauf Gips KG, Siniat Ltd., Tanzania Gypsum Limited, Atiskan Gypsum Products Co. Inc., Lafarge Holcim Ltd., Boral Ltd., and Fletcher Building Ltd., among others. Major companies in the market adopted acquisitions, mergers and expansions strategy to enlarge their production capacities and share in the plasterboard market within the forecast period.
Inquire more about this report before purchase @ https://www.zionmarketresearch.com/inquiry/plasterboard-market
The report segments the global plasterboard market as follows:
Global Plasterboard Market: Form Analysis
- Square-Edged
- Tapered-Edged
Global Plasterboard Market: Type Analysis
- Standard
- Fire Resistant
- Sound Insulated
- Moisture Resistant
- Thermal
- Specialist
- Impact Resistant
- Triple Low End
- Gas Filled
Global Plasterboard Market: End-User Analysis
- Residential
- Non Residential
Global Plasterboard Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
Browse Related Reports:
- Fireproof Ceramics Market: https://www.zionmarketresearch.com/report/fireproof-ceramics-market
- Epoxy Curing Agents Market: https://www.zionmarketresearch.com/report/epoxy-curing-agents-market
- Glass Fiber Market: https://www.zionmarketresearch.com/report/glass-fiber-market
- Concrete Floor Coatings Market: https://www.zionmarketresearch.com/report/concrete-floor-coatings-market
- Construction Composites Market: https://www.zionmarketresearch.com/report/construction-composites-market
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Follow Us LinkedIn: https://www.linkedin.com/company/zion-market-research
Follow Us Twitter: https://twitter.com/zion_research
Blog: http://www.intenseresearch.com | http://www.mrsresearchgroup.com | http://www.marketresearchtrade.com | https://qyresearchgroup.com | http://marketnreports.com | https://zmrnewsjournal.us | http://www.e-marketresearch.com
Contact Us:
Joel John
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com
Blog: http://zmrblog.com