The global gypsum board market is anticipated to reach a valuation of $53.68 billion by the close of 2026, driven by the surge in construction activities worldwide. According to a report by Fortune Business Insights, titled “Gypsum Board Market Size, Share & Industry Analysis, By Type (Standard Board, Type X, and Others), By Application (New Housing, New Commercial, and Rework & Remodel), and Regional Forecast, 2019-2026,” the market was valued at $39.91 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 3.82% from 2019 to 2026.
The report profiles several prominent companies in the gypsum board market, including:
Saint-Gobain
Knauf
USG Corporation
National Gypsum Company
Yoshino Gypsum Co. Ltd.
USG Boral
Eagle Materials Inc.
China National Building Material Co., Ltd.
Taishan Gypsum Co., Ltd.
Fletcher Building
Cabot Gypsum ULC
Gypsum boards, commonly used as drywall in various construction projects, are favored for their affordability, ease of installation, and resistance to water and fire. The market's expansion is supported by the presence of significant companies and a wide range of product options. With growing environmental awareness and an emphasis on recycling, the adoption of gypsum boards has increased. Additionally, the ongoing rise in construction and industrial activities is set to create substantial opportunities for market participants.
Increasing Mergers and Collaborations Among Companies
Many large corporations are expanding their customer base by acquiring smaller companies. For example, in November 2019, Saint-Gobain acquired Continental Building Products, a U.S.-based manufacturer of construction materials. This acquisition is expected to enhance Saint-Gobain’s gypsum product portfolio and significantly influence market growth in the forthcoming years.
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https://www.fortunebusinessinsights.com/gypsum-board-market-102718
Asia Pacific Dominates the Market
The report examines gypsum board market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Asia Pacific currently leads the market, driven by continuous construction activities and increasing industrialization in countries like India, China, and Japan. North America is also expected to see considerable growth, with the market valued at USD 16.21 billion in 2018 and projected to grow further.
The global gypsum board market share is poised for significant growth, driven by rising construction activities, industrialization, and strategic company mergers and acquisitions. With a strong presence in Asia Pacific and North America, key players are well-positioned to capitalize on these opportunities and enhance their market share.
Blog Related Insights: https://www.globenewswire.com/en/news-release/2021/10/19/2316493/0/en/Global-Gypsum-Board-Market-Size-Forecast-Till-2026-Fortune-Business-Insights.html