Plasterboard Wall Plug Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.1 Billion by 2030, growing at a CAGR of 7.2% from 2024 to 2030.
Looking forward, the period from 2023 to 2033 presents an exciting opportunity for growth in the plasterboard wall plug market. The key drivers for this projected growth include the increased focus on energy efficiency in buildings, and a shift towards DIY (Do-It-Yourself) home improvement projects, especially in regions like North America and Europe. This trend is expected to boost demand for easy-to-install, efficient, and durable plasterboard wall plugs that meet both safety and sustainability standards. Moreover, the growing trend of smart home installations and the increasing popularity of modular construction are likely to create new avenues for the plasterboard wall plug market to expand.
The demand for plasterboard wall plugs is also being influenced by technological innovations. New materials are being developed that improve the durability and weight-bearing capacity of these plugs, which is expected to result in a growing preference for these advanced options in commercial and residential sectors. Furthermore, there is a rising emphasis on improving installation efficiency, and innovations such as self-expanding plugs are making their mark. With these technological advancements, the plasterboard wall plug market is expected to witness a steady shift towards more reliable, eco-friendly, and versatile products.
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The Plasterboard Wall Plug market has seen significant changes between 2018 and 2022, driven by various factors including advancements in construction materials, shifts in consumer preferences, and a growing demand for sustainable solutions in construction projects. As of 2023, the outlook for the market is experiencing continued growth, with significant shifts expected between 2023 and 2033. Understanding this transition provides key insights into how demand for plasterboard wall plugs is expected to evolve, and how the market will adjust to new trends in both residential and commercial construction.
During the period from 2018 to 2022, the plasterboard wall plug market benefited from increasing demand in the construction sector. This was largely fueled by an expanding housing market and the rise of urbanization in developing countries. As more buildings incorporated lightweight materials like plasterboard, the need for specialized wall plugs to ensure structural integrity and ease of installation also grew. Global construction boomed, especially in North America, Europe, and parts of Asia, with a significant focus on home renovation projects.
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CONFAST
Paramount Fasteners
Simpson Strong-Tie
EZ Ancor
Swpeet
Toggler
Glarks
RIFAA
Ansoon
Toolfix
Unvert
Hillman Group
HongWay
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 Plasterboard Wall Plug Market
Online Sales
Offline Sales
Based on Types the Market is categorized into Below types that held the largest Plasterboard Wall Plug market share In 2023.
Plastic Expansion Drywall Plugs
Threaded Drywall Plugs
Metal Hollow-Wall Plugs
Toggler Drywall Plug
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 Plasterboard Wall Plug 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 Plasterboard Wall Plug Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Plasterboard Wall Plug Market, By Type
6. Global Plasterboard Wall Plug Market, By Application
7. Global Plasterboard Wall Plug Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Plasterboard Wall Plug Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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