Expanding population and rapid urbanization & industrialization in the emerging economies are expected to influence governments to increase their construction spending to cater to the rising infrastructure needs. This, in turn, is projected to drive the demand for gypsum for a number of residential applications including walls, ceiling, and others. The residential sector has exhibited a rise owing to the economic growth and the associated positive impact on household incomes and other factors spurring the growth include the lowering of interest rates, internal migration & immigration, and investment deficit since the financial crisis. Moreover, the stronger expansion of building activities is held back by uncommon high real estate prices in a few member countries. The aforementioned factors are expected to have a positive impact on the growth of the residential and real estate sector thereby stimulating the demand for gypsum board over the forecast period.
Rapid urbanization is expected to result in an increase in the number of new projects, primarily in residential and building applications, which, in turn, is likely to fuel the growth of gypsum board market over the forecast period. In addition, factors such as the rapidly growing construction industry, increasing technological advancements in the construction sector, and advantages offered by gypsum board reduced cost & time and easy installations, are contributing to the growth of the market. The building and construction industry is one of the rapidly growing industries globally. Furthermore, sustainable economic growth and low-interest rates have led to an increase in the approvals for building projects across the globe. Australia, Germany, Sweden, Norway, and Canada are among the major countries, where the construction industry is bolstering, which, in turn, is expected to lead to an increase in the demand for the product over the forecast period.
Gypsum board products are primarily derived from gypsum where calcined gypsum is mixed with water and additives to form the mixture into slurry and is further processed into board machines. As the process moves down a conveyer line, the calcium sulfate recrystallizes to form a slab like structure. Since, gypsum sourcing and its availability exhibit a significant role in gypsum board production costs and subsequent supply to the market. In layman terms, tight gypsum supply could result in rising gypsum board prices therefore affecting producers’ profitability and consequently hindering market development. Gypsum sourcing depends on the material’s production in the region and subsequent requirements met through imports. Further, gypsum production is highly reliant on its availability in mines and other synthetic routes. In places where gypsum production is minimal, gypsum board manufacturing costs considerable tend to be higher since entire or most of the raw material requirements are met through imports.
This section will provide insights into the contents included in this gypsum board market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Market drivers and restraints
Key market opportunities prioritized
Latest strategic developments
Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance
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