Gypsum Board Market Analysis By Industry Size, And Share, Manufacturers, Demand, Forecast 2027
Global gypsum board market is expected to grow at CAGR of 6% during the forecast period. Gypsum board or Drywall serves as a faster alternative to the conventional plastering process. Other than being a speedier alternative, gypsum boards provide sound control, versatility, quality, convenience. Moreover, their non-combustible core makes them different from plywood, hardboard and fibreboard, thereby further fuelling their demand. Due to the downfall in construction industry during 2008-2010, the production of gypsum board gradually declined. However, the industry started to recover in the year 2011, thereby leading to the gradual increase in demand for gypsum boards across the globe. Additionally, factors such as increasing demand for improved infrastructural facilities in both residential and commercial sectors, rapid industrialization, population explosion, rise in income levels, improved lifestyle, growing awareness of consumers about environment-friendly and ...