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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Market Analysis
The growth of the construction sector globally has helped the market. The growing trend of repair, remodelling and renovation in the residential sector has also helped the industry. Since drywall is easy to install, there has been a rising demand for drywall among consumers for ‘do-it-yourself’ (DIY) projects. The market has also been helped by the product’s ability to seamlessly divide spaces, making it an easy and cost-effective option for customizations of interior spaces.
In 2018, the cost of drywall materials increased by about 2-3% globally with gypsum products prices seeing the largest increase of 6-7%. The increase in the prices of cement, aggregates, concrete and lumber ranged between 3-4%.
The Asia Pacific is the largest market for drywall driven by demand in countries like China, India, Japan, and Singapore. The growth of this regional industry is aided by the ease of availability of raw materials, cheap labour costs, healthy economic growth, and rapidly rising construction activities. China is the leading market in the region due to decreasing cost of residential constructions helped by favourable government activities. Rising population is leading to a growing demand for residential constructions in China and India, and thus, aiding the growth of the global drywall industry.
Drywall Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global drywall market is projected to grow at a CAGR of 6.2% in the forecast period of 2024-2032.
The major drivers of the market include rising disposable incomes, increasing population, rising construction industry, and the ability to seamlessly divide spaces, making it an easy and cost-effective option for customisations of interior spaces.
The rising trend of repair, remodelling, and renovation in the residential sector is expected to be a key trend guiding the growth of the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the industry, with the Asia Pacific accounting for the largest market share.
The major types of drywall include standard, fire-resistant, and mould/moisture resistant.
The residential and commercial sectors are the major application sectors in the market.
The leading players in the industry are USG Corporation, Georgia-Pacific LLC, American Gypsum Company, CertainTeed, and China National Building Materials Co., Ltd., among others.
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