The global gypsum board market size is expected to reach USD 89.33 Billion by 2030, according to a new study by Polaris Market Research. The report “Gypsum Board Market Share, Size, Trends, Industry Analysis Report, By Product (Wallboard, Ceiling Board, Pre-decorated Board, Others); By Application; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Gypsum board recycling is moving the industry in a different direction. Gypsum and board products are currently only recycled in a modest amount, mostly for use in the creation of new products. Consumers are paying a lot of negative attention to the growing environmental issues, which is undoubtedly terrible for this firm.
Have Questions? Request a sample or make an Inquiry before buying this report by clicking the link below: https://www.polarismarketresearch.com/industry-analysis/global-gypsum-board-market/request-for-sample
The majority of recycling projects have been finished in industrialised nations like Europe and North America, and many more are set to start soon. For instance, in December 2021, Saint-Gobain has declared that it has implemented recycling technology at its gypsum wallboard factory in Silver Grove, Kentucky. The company claims that this will enable the plant to recycle 15,000 tonnes of paper annually that would otherwise be sent off to the landfill. The recycling machinery cost $850,000 and was purchased by CertainTeed.
Furthermore, other efficiency of resource requirement for gypsum boards in the construction sector include rising consumer focus and choosing to spend on sophisticated construction materials and the expanding trend of high-end residential units. These factors are anticipated to continue to support the market's revenue growth in the future.
Residential construction frequently uses one layer. The market for these panels in the residential sector is rising as a result of the low cost and quick construction time. Due to escalating building operations in emerging nations as a result of refugee concerns and growing populations in numerous countries, this industry is projected to have additional chances in the near future.
The major players focus on the launches of gypsum boards for the construction industries with advanced technology is the factor boosting the market growth over the forecast period. For instance, in January 2021, Saint Gobain introduced a laminated plasterboard exterior sheathing to be used in ceilings called 4PRO Active'Air. By removing pollutants with their Active'Air technology.
Gypsum board demand has increased as a result of the growing trend of aesthetically pleasing home décor since the material may be utilised to make ceilings with distinctive designs and textures. Other important aspects that are anticipated to drive future market revenue growth include the introduction of sophisticated production and growing investment to speed up R&D operations. However, there are several important limitations that can limit market growth to some level moving forward, including the volatility of raw material costs and strict restrictions pertaining to gypsum mining and manufacturing.
Gypsum board Market Report Highlights
Polaris Market Research has segmented the Gypsum board market report based on product, application, and region:
Gypsum Board, Product Outlook (Revenue - USD Billion, 2018 - 2030)
Gypsum Board, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Gypsum Board, Regional Outlook (Revenue - USD Billion, 2018 - 2030)