Gypsum-Fiber Board Market Size, Share, and COVID-19 Impact Analysis, By Product (Wallboard, Ceiling Board, Pre-decorated Board & Others), By Application (Pre-engineered Buildings, Residential, Industrial, Commercial, Institutional), and by Region (North America, Europe, Asia-Pacific, South America, Middle East, and Africa) Analysis and Forecast 2022-2030

KEY MARKET INSIGHTS

The global Gypsum-Fiber Board Market was valued at US$ 15.08 Billion in 2021 and is projected to reach US$ 42.34 Billion by 2030, at a CAGR of 3.82%.

Gypsum-fiber boards are a lightweight construction material frequently used inside or outside residential or non-residential buildings for partitions, walls, and ceilings. They can be directly affixed to wood and metal frames or pre-existing surfaces using screws, nails, or adhesives and are frequently referred to as drywall, wallboard, or plasterboard. Gypsum boards differ from plywood, hardboard, and fiberboard in that they have a non-combustible core and offer sound control, variety, quality, and simplicity. As a result, they are widely used and acting as a quick substitute for the old-fashioned lath and plaster

COVID-19 ANALYSIS

The negative impact of COVID-19 is projected on the gypsum board market in the forecast period. The abrupt COVID-19 pandemic breakout had caused the introduction of strict lockdown measures across several nations, which temporarily halted a great deal of construction operations and adversely affected the market for gypsum-fiber board market.

Surging Construction Industry Across the World

Due to the product's capacity to offer cutting-edge designs and textures on its surface, the trend of making aesthetic changes to building structures is on the rise, which is projected to increase the product's penetration in high-end construction applications.

Rising Demand from Residential Construction

The demand for the product is anticipated to rise in tandem with rising consumer spending on high-tech construction materials in the residential construction industry. The market expansion is anticipated to be supported by the rapidly expanding construction sector across the main economies, including China, India, Brazil, Mexico, South Africa, and Russia. Additionally, the expanding range of inventive uses in the building industry is probably going to increase product demand.

Concerns Pertaining to Fluctuating Prices of Raw Materials

The prices of raw materials could restrain the market growth of the global gypsum-fiber market. Up to one-fourth of the weight of gypsum or gypsum board can leak this harmful gas into the environment. In addition, the paper in the plasterboard decomposes into methane gas, a dangerous greenhouse pollutant. Globally, this situation is causing significant environmental worries, which has prompted lawmakers to strengthen and apply strict standards.

SEGMENTATION INSIGHTS

The global gypsum-fiber board market is segmented by Product (Wallboard, Ceiling Board, Pre-decorated Board & Others), by Application (Pre-engineered Buildings, Residential, Industrial, Commercial, Institutional), and region. Based on the product, the market is categorized into wallboard, ceiling board, pre-decorated board & others. Based on application, the market is categorized into pre-engineered buildings, residential, industrial, commercial, and institutional. Based on the region, the market is categorized into North America, Europe, Asia-Pacific, South America, Middle East, and Africa.

REGIONAL INSIGHTS

The global gypsum-fiber board market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. North America is expected to dominate the market share of the global gypsum-fiber board market owing to the market in North America still developing, however, the region's demand is heavily influenced by remodeling and rework projects. Furthermore, because environmental regulations are becoming stricter in the area, major players are eager to cut their overall carbon footprint and switch to more sustainable practices. However, Asia Pacific is anticipated to emerge as the fastest-growing region over the forecast period. The market is driven to benefit from lucrative growth prospects provided by emerging economies like China, India, Taiwan, Thailand, and others. In comparison to other regions of the world, Asia Pacific is experiencing rather strong growth in the construction business. Additionally, the region's commercial investment and activity levels are rising quickly, likely boosting market expansion.

LIST OF KEY COMPANIES PROFILED:

• American Gypsum
• Certainteed
• Etex Group
• Georgia-Pacific LLC
• Gulf Gypsum
• Knauf Gips KG
• LafargeHolcim Ltd.
• National Gypsum Company
• Pabco Gypsum
• Saint-Gobain Gyproc
• Taishan Gypsum
• USG Corp.
• Others

KEY INDUSTRY DEVELOPMENTS:

• July 2021- American Gypsum received a USD 0.5 million award for the improvement of its Albuquerque gypsum wallboard factory in Bernalillo County from the Economic Development Department of Mexico. The money will be utilized to update the plant's infrastructure and machinery.
• October 2020- USG Boral India launched Sheetrock, a new brand of gypsum wallboard. Launched is a product for interior building design.

SEGMENTATION

By Product

• Wallboard
• Ceiling Board
• Pre-decorated Board
• Others

By Application

• Pre-engineered Buildings
• Residential
• Industrial
• Commercial
• Institutional

By Region

• North America- U.S., Mexico, Canada
• Europe- UK, France, Germany, Italy, Spain, Rest of Europe
• Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
• South America- Brazil, Argentina, Colombia, Rest of South America
• The Middle East and Africa- GCC, South Africa, Rest of the Middle East & Africa