As per the market outlook was foreseen by a recent IndustryARC business intelligence report, the market will divert a substantial share of revenue from contemporary plywood, hardboard, and fiberboard segments to its own domain owing to constructive traits such as ease of installation, fire resistance, sound isolation, durability, economical and versatility. The report is titled “
Gypsum Board Market: By Type (Gypsum Wall Board, Gypsum Ceiling Board, Decorative Boards); By Installation (Purpose, Methods, Tools); By Application (Residential, Commercial Industrial Buildings); By Geography - Forecast(2018-2023)
Gypsum boards, commonly known as wallboards, are made up of calcined gypsum, water, paper for back and front parts of the board, and a few additives. It has found the immense scope of application in the rapidly innovating and robustly growing construction industry. One of the prime aspects for its employment in commercial as well as residential infrastructures is the increment of aesthetic appearance, which is a major catch for commercial avenues like hotels and rental properties. The future stance of gypsum board market can be determined with the fact that the hotel industry revenue, alone in the U.S was $208 billion in 2017, outpacing the preceding year by $10 billion.
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Gypsum Board Market (2018 - 2023)”
Global Gypsum Board Market- Disruptive Trends:
- As per the Forbes Global 2000 list, only 15 among all the global real-estate companies accounted for a total market value of $400.24 billion. The construction sector adjacent to the real-estate is ahead of the curve in terms of on-field innovations and technologies with gypsum boards being a classic example. The sheer affluence can be estimated by the fact that USG Corporation, a leading player in the industry, made $3.2 billion in 2017 through sales and has more than 1,000 registered trademarks worldwide along with over 2,400 active U.S. and international patents.
- In recent years, Gypsum Association member companies are producing specialty products for targeting industrial application segment. Some of the products are exterior gypsum sheathing, abuse-resistant and impact-resistant gypsum panels, mold and moisture resistant panels and, gypsum shaft liner. All of the products accolades the sites with fire resistance, moisture resistance, extended weather ability, and increased durability. Due to such immense credibility along with easy and fast installation compared to the traditional plasters, gypsum boards are employed globally in various heavy operational facilities.
Infrastructural construction is not a one-time investment, renovation and remodeling tailgate this sector. Thus, the gypsum board market has immense opportunities to capitalize on such resurfacing avenues. Time efficient, economical construction techniques and labor-saving replacements are forecast to stroke the market with abundant demand and establish it as a contemporary asset in the flourishing construction sector. Rapid industrialization and increased disposable income created demand for better infrastructures are to support the future endeavors of the gypsum board market.
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Plasterboard Market: By Type (Standard, Fire-Resistant, and Others); By Form (Tapered-Edged, Square-Edged, and Others); By Application (Walls, Ceilings, and Others); By End User (Residential Building, Commercial Building, and Others); By Trends; & By Geography (North America, South America and Others) Forecast (2018 2023)
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