The global gypsum board market share is projected to reach USD 53.68 billion by the end of 2026. The increasing construction activities worldwide are expected to drive market growth. 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 USD 39.91 billion in 2018 and is projected to exhibit a CAGR of 3.82% during the forecast period from 2019 to 2026.
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 board market share is widely used as drywall in various infrastructure construction activities due to its low cost, ease of installation, and resistance to water and fire. The market's growth is positively impacted by the presence of large-scale companies and the diversity in product offerings. Emphasis on recycling and increasing environmental concerns have led to greater adoption of gypsum boards. Additionally, the rise in construction and industrialization activities will provide significant opportunities for market players.
Increasing Company Mergers and Collaborations
Several large-scale companies are acquiring smaller enterprises to expand their customer base. For instance, in November 2019, Saint-Gobain completed the acquisition of Continental Building Products, a US-based construction materials manufacturer. This acquisition is expected to strengthen Saint-Gobain’s portfolio of gypsum products and significantly impact the market's growth in the coming years.
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.
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https://www.fortunebusinessinsights.com/gypsum-board-market-102718