In a recent published report, Kenneth Research has updated the market report for Global Plasterboard Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Plasterboard Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.
Plasterboard is basically a panel kind of a structure which is made by covering Gypsum with lining paper on both sides. There are various types of Plasterboard, which differ with each other by the various additives in gypsum, varying weight and strength of lining paper. Plasterboard generally contains crystals containing a small amount of water, which makes it a very good protection layer in the case of fire. Also, Plasterboards have a property of acting as an insulation for noise which make is useful in applications where nose cutting is important.
The market for Plasterboard is expected to increase at a rapid pace in the coming future. This increase in demand can be attributed to the expected high growth in the construction industry in the future. The utilization of plasterboard can be divided into two sectors one being residential and non-residential. The residential market is expected to grow at a rapid pace in the future because of the increasing amount of disposable income with the middle-income groups throughout the world. Even in the non-residential segment, most of the corporate offices and commercial spaces are preferring plasterboards because of their fire protection capabilities, moisture resistance, sound insulation and other related features of plasterboard.
The market for Plasterboards can be segmented based on their type or features, Edge type, applications. Based on the type or features of plasterboard it can be segmented into Insulated, sound insulation, Fire resistant, Damp proof, Moisture resistant and others. Based on the Edge type of plasterboard it can be segmented into Rounded, square-edged, Tapered and others. Based on the applications of plasterboard it can be segmented into residential and non-residential.
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At present, the Plasterboard Market is observed to be the highest in the North America area. This is because they have already started using plasterboard extensively and placed it as a substitute for regular walls and ceilings. But in the coming 5 years, the market for Plasterboard in Asia-pacific is expected to grow rapidly. This can be attributed to the contribution of China and India to the plasterboard market, being the most populated countries with having a huge population in the middle-income sector with growing disposable income. The market in other geographies such as Europe, Middle-east, Africa is also expected to grow.
The Key players in the Plasterboard Market are Gyprock, Knauf Insulation, BGCplasterboard, Beijing New building material Co, Boral Limited, Saint-Gobain, Lafarge, Yoshino Gypsum.
Report ContentsRegional AnalysisReport Highlights
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and the Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
The Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of the Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market Dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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