Drywall and Building Plaster Market was valued at USD 30 Billion in 2022 and is projected to reach USD 45 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The global drywall and building plaster market was valued at approximately USD 52 billion in 2022. It is projected to grow at a compound annual growth rate (CAGR) of 5.3% from 2023 to 2030, driven by increasing construction activities and a surge in infrastructure development. The market's expansion is underpinned by the growing demand for residential, commercial, and industrial buildings, particularly in emerging economies. Additionally, advancements in drywall and plaster technologies, such as enhanced fire resistance and eco-friendly materials, are expected to boost market growth. The segment is experiencing robust investment and innovation, aiming to meet the evolving needs of the construction industry.
Emerging markets, particularly in Asia-Pacific and Latin America, present significant opportunities for growth. Rapid urbanization, population growth, and infrastructural advancements in these regions are creating a high demand for drywall and building plaster products. Additionally, the increased focus on sustainable and energy-efficient building materials is likely to drive the market further. Companies are investing in research and development to introduce advanced solutions that cater to these evolving demands, presenting lucrative prospects for stakeholders in the drywall and building plaster sector. This evolving landscape highlights the potential for substantial market gains in both established and emerging economies.
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Knauf Gips KG
Saint-Gobain
Etex S.A.
USG Corporation
Fermacell
Gyptec Iberica
Georgia-Pacific
National Gypsum Properties
USG Boral Building Products
PABCO Building Products
American Gypsum Company
ROCKWOOL International
Continental Building Products
LafargeHolcim
Winstone Wallboards Limited
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Drywall and Building Plaster Market
Residential
Wholesale and Retail Buildings
Offices
Academic and Educational Buildings
Hotels and Restaurants
Others
Based on Types the Market is categorized into Below types that held the largest Drywall and Building Plaster market share In 2023.
Drywall
Cement
Gypsum
Lime
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Drywall and Building Plaster Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Drywall and Building Plaster Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Drywall and Building Plaster Market, By Type
6. Global Drywall and Building Plaster Market, By Application
7. Global Drywall and Building Plaster Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Drywall and Building Plaster Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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