Light and soundproof drywall finds application in residential properties
Drywall has been found to adhere to certain specific construction requirements in hotels and shopping complexes as a lightweight construction material that is also fire-resistant. Recently, hotels, restaurants, and educational institutes that seek to have a soundproof facility have looked to the drywall and building plaster market. In residential properties, drywalls are thought to be critical in simultaneously improving the aesthetic appeal and managing interior heat through thermal insulation provided by false ceilings. Drywalls have also seen increased demand because of their flexibility in dividing and creating spaces, thus enabling quick and seamless interior customization options.
Multiple drywall applications boost the drywall and building plaster market
Drywall has immense utility in fire resistance, sound reduction, and in increasing the life of both non-residential and residential civil structures. Drywalls are being utilized as an area separation wall to separate two building units. These factors are anticipated to boost the drywall and building plaster market over the forecast period.
The limitations of drywall encourage the use of alternatives
There are certain inherent disadvantages in using drywall. Drywall is somewhat delicate and carries a risk of being damaged. In addition, drywall needs skilled manpower for installation and this increases the fixed cost. Couple this with the fact that drywall mud sanding is an unwanted procedural step because of the fine dust generated and it is not hard to understand why drywalls are becoming less popular. Humidity can impact drywalls substantially by causing the growth of fungi that can be a health hazard. There are limitations to the temporary re-fixing and removal of drywall for interior repairs such as plumbing work. Thus, alternatives that are more beneficial are increasingly being sought out. For e.g. Wahoo walls are easy to install, reducing the initial cost and they also have greater heat resistance because of a particular material thickness. Textured wall panels can be easily fitted over existing walls as they are aesthetically superior when compared to drywalls. Real wood veneer paneling also looks better appearance wise than drywall and the accessories available permit easy installation of the former.
Intense focus on the Latin America drywall and building plaster market
Latin America is shaping up to be a region of immense strategic importance, with Brazil in particular spearheading the economic growth of this dynamic region. The Brazil plasterboard market is showing rapid growth, with twice that shown by the regional construction industry. It has been seen that the Brazil gypsum drywall market has grown at a noticeably high rate. Similarly, construction activities in Argentina, Chile, Mexico, and Peru have contributed to the growth of the Latin America drywall and building plasters market. Thus, major players in the global drywall and building plaster market have targeted the region by way of establishing new Greenfield units that also increase their sales and distribution network in these key strategic countries. Global majors such as Saint-Gobain, Etex, and Knauf have set up gypsum and plasterboard manufacturing units in Brazil recently and they have also collaborated with local distributors and suppliers to increase their sales volumes.
Brazil alone is half the Latin America drywall and building plaster market
Brazil is the largest economy in South & Latin America and it dominates the Latin America drywall and building plaster market. The country accounts for approximately half the Latin America drywall and building plaster market by itself and this is poised to rise to 52% by the end of 2025. Brazil should register a massive 200 BPS growth, while Mexico and the rest of Latin America should decline by 30 and 170 BPS respectively. Gypsum is predicted to have strong demand in the Latin America market and gain 130 BPS over the duration of the forecast period. The Gypsum segment by product type is anticipated to account for roughly 34% of the Latin America building plaster market in 2017 with a value of a little over US$ 350 Mn. The highest CAGR by value in the product type category is anticipated to be recorded by the Gypsum segment (5.7%), making it the perfect segment for key stakeholders to target in the Latin America building plaster market.
Drywall, more commonly known as plasterboard, is a sheet created of gypsum mixed with fibers, plasticizers, a foaming agent, and additives, sandwiched between thick paper sheets, meant to make ceilings and interior walls. Building plaster is a form of building material that serves a basic purpose of a protective exterior as well as interior coatings and ceilings. In the new upcoming report ‘Drywall & Building Plaster Market: Global Industry Trend Analysis 2012-2016 and Forecast, 2017-2025’, Persistence Market Research has followed the global drywall and building plaster market for an eight year period beginning in 2017 and ending in 2025. The study has been conducted by computing several important metrics such as absolute and incremental dollar opportunity, Y-o-Y growth rate and CAGR.
The global drywall and building plaster market report begins with an executive summary that is concise yet comprehensive. It provides an overview and a first analysis of the global drywall and building plaster market. The experts at PMR have made a few recommendations and given their opinions on the current and future trends anticipated in the global drywall and building plaster market. The recommendations are in the form of an overall method to be taken, application type to target, and region to focus on with a differentiating strategy to be successful in the global drywall and building plaster market. The section concludes with a Wheel of Fortune that details the relationship between the product type, application, and region.
The summary is followed by the market introduction that comprises the definition and the taxonomy of the global drywall and building plaster market. An overview of the parent market completes this informative section that is highly useful for readers who wish to gain a grassroots understanding of the global drywall and building plaster market. A critical chapter of the global drywall and building plaster market report is the macroeconomic factors and construction industry overview. The global GDP forecast for the period 2017-2025 has been provided in terms of US$, and the global urbanization and construction industry growth rate has been given in percentage terms. The relevant takeaways have been mentioned and the construction spending share has been highlighted in an attractive, easy-to-understand graphical format. Readers can hope to gain several important insights from this chapter of the global drywall and building plaster market report.
Before taking the plunge and entering the global drywall and building plaster market, it would be wise to get in-depth market knowledge. In the market analysis and forecast section of the report, the market volume projections have been given with the market size, Y-o-Y growth, and absolute dollar opportunity that exists in the global drywall and building plaster market. The relationship between the global demand-supply scenario and product structure analysis can be gleaned from here with the value chain that touches on the link between different stakeholders in the global drywall and building plaster market. There are certain forecast factors that can have an outsized influence on the global drywall and building plaster market and their relevance and impact on the market have been mentioned accordingly.
The global drywall and building plaster market has been divided into five regions viz. North America, Asia Pacific, MEA, Europe, and Latin America. Each region has a dedicated chapter in the report that looks at the regional drivers, restraints, opportunities, and challenges. It is highly likely that there are regional norms, guidelines, rules, and regulations within the global drywall and building plaster market. The impact analysis of all of these has been done by the experts at PMR. The historical market size of the largest countries in every region has been contrasted with the growth anticipated in future to enable readers to make crucial long-term investment decisions.
The global drywall and building plaster market is characterized by its brutal cutthroat competition and the report has profiled 20 prominent organizations active in the global market. This chapter includes a brief overview, key financials, strategies adopted and recent developments of the companies that should have a substantial effect on the global drywall and building plaster market.
PMR has devised a research methodology that stands tall in the industry. The company analysts begin with broad-based research to create a thorough discussion guide and formulate an industry player list. The industry players are extensively interviewed after which the collected data is adequately validated by way of the triangulation method. The data is lastly inspected using cutting-edge company tools to gather all the required information pertaining to the global drywall and building plaster market.