The global plasterboard market is expected to grow at a CAGR of 6.0% during the forecast period (2021-2028). The market is driven by factors such as increasing construction activities, rising demand for sustainable building materials, and growing disposable income levels. The residential segment is the largest application segment for plasterboard, and the Asia-Pacific region is the largest market for plasterboard. The market is highly competitive, with major players such as Saint-Gobain, Knauf, USG Boral, and Etex Group dominating the market.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Key Market Insights:

• The global plasterboard market was valued at USD 23.37 billion in 2020 and is projected to reach USD 37.47 billion by 2028, growing at a CAGR of 6.0% during the forecast period.
• The residential segment is the largest application segment for plasterboard, accounting for around 60% of the market share in 2020.
• The Asia-Pacific region is the largest market for plasterboard, accounting for around 50% of the market share in 2020.
• The market is highly competitive, with major players such as Saint-Gobain, Knauf, USG Boral, and Etex Group dominating the market.

Market Drivers:

1. Increasing construction activities: The global construction industry is growing, driven by factors such as urbanization, population growth, and government initiatives to develop infrastructure. Plasterboard is widely used in construction activities, particularly for walls and ceilings. Therefore, the increasing construction activities are expected to drive the demand for plasterboard in the coming years.
2. Rising demand for sustainable building materials: The demand for sustainable building materials is increasing due to growing environmental concerns and the need to reduce carbon emissions. Plasterboard is an environmentally friendly material as it can be recycled and used in the production of new plasterboard. Therefore, the rising demand for sustainable building materials is expected to drive the demand for plasterboard in the coming years.
3. Growing disposable income levels: Rising disposable income levels are leading to an increase in construction activities, particularly in emerging economies. As disposable income levels increase, people tend to invest more in real estate, which is expected to drive the demand for plasterboard in the residential and commercial sectors.

4. Fire-resistant properties: Plasterboard is a fire-resistant material, making it a popular choice for use in buildings where fire safety is a concern. The material is designed to slow down the spread of fire and prevent the collapse of the building. This property is expected to drive the demand for plasterboard in the coming years.

Market Restraints:

1. Fluctuating raw material prices: The cost of raw materials used in the production of plasterboard, such as gypsum and paper, is subject to fluctuations in the market. The volatility in raw material prices can impact the profit margins of plasterboard manufacturers, which can be a major restraint for the market.
2. Health concerns associated with gypsum: Gypsum, the primary component of plasterboard, is known to cause respiratory problems and other health issues if inhaled. This has led to growing concerns about the use of plasterboard, which could impact the demand for the material in the coming years.
3. Competition from alternative materials: Plasterboard faces competition from alternative building materials such as fiber cement board and magnesium oxide board. These materials offer similar benefits to plasterboard, such as fire resistance and durability, and can be used in a wider range of applications. The competition from these materials could impact the demand for plasterboard in the coming years.

Market Opportunities:

1. Growing demand from emerging economies: The demand for plasterboard is expected to increase in emerging economies such as China, India, and Brazil, where there is a growing need for affordable housing and infrastructure development. The increasing construction activities in these countries are expected to drive the demand for plasterboard in the coming years.
2. Increasing adoption of drywall construction: Drywall construction, which involves the use of plasterboard, is becoming increasingly popular due to its cost-effectiveness and ease of installation. The adoption of drywall construction is expected to increase in the coming years, which could drive the demand for plasterboard.
3. Technological advancements: The development of new technologies and materials in the construction industry could create new opportunities for plasterboard manufacturers. For example, the use of 3D printing technology to produce plasterboard could reduce production costs and increase efficiency.

Market Dynamics:

The global plasterboard market is highly competitive, with major players such as Saint-Gobain, Knauf, USG Boral, and Etex Group dominating the market. The market is driven by factors such as increasing construction activities, rising demand for sustainable building materials, and growing disposable income levels. However, the market is also subject to restraints such as fluctuating raw material prices, health concerns associated with gypsum, and competition from alternative materials. The market is expected to witness significant growth in the coming years, driven by opportunities such as growing demand from emerging economies, increasing adoption of drywall construction, and technological advancements.

Regional Analysis:

The Asia-Pacific region is the largest market for plasterboard, accounting for around 50% of the market share in 2020. The region is expected to witness significant growth in the coming years, driven by factors such as increasing construction activities, rising disposable income levels, and growing demand for sustainable building materials. China is the largest market for plasterboard in the region, followed by India and Japan. North America and Europe are also significant markets for plasterboard, driven by factors such as increasing renovation activities and rising demand for green building materials.

Competitive Landscape:

Leading Companies in the Plasterboard Market:

1. Saint-Gobain S.A.
2. Knauf Gips KG
3. USG Corporation
4. Etex Group
5. National Gypsum Company
6. Boral Limited
7. Fletcher Building Limited
8. Georgia-Pacific LLC
9. Gypsum Management and Supply, Inc.
10. Continental Building Products, Inc.

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Segmentation:

The global plasterboard market can be segmented based on type, application, and region. Based on type, the market can be segmented into standard, fire-resistant, moisture-resistant, and sound-insulating plasterboard. Based on application, the market can be segmented into residential and non-residential buildings. The non-residential segment can be further segmented into commercial, institutional, and industrial buildings.

Category-wise Insights:

1. Standard plasterboard is the most commonly used type of plasterboard and is used in both residential and non-residential buildings.
2. Fire-resistant plasterboard is commonly used in buildings where fire safety is a concern, such as hospitals and schools.
3. Moisture-resistant plasterboard is commonly used in areas with high moisture levels, such as bathrooms and kitchens.
4. Sound-insulating plasterboard is commonly used in buildings where sound insulation is a concern, such as music studios and theaters.
5. The residential segment is the largest application segment for plasterboard, accounting for around 60% of the market share in 2020.

Key Benefits for Industry Participants and Stakeholders:

1. Increased demand for plasterboard due to growing construction activities and rising demand for sustainable building materials.
2. Technological advancements in the construction industry could create new opportunities for plasterboard manufacturers.
3. Opportunities for expansion in emerging economies such as China, India, and Brazil.
4. Increasing adoption of drywall construction could drive the demand for plasterboard.

SWOT Analysis:

Strengths:

• Cost-effective building material
• Fire-resistant properties
• Ease of installation

Weaknesses:

• Health concerns associated with gypsum
• Fluctuating raw material prices

Opportunities:

• Growing demand from emerging economies
• Increasing adoption of drywall construction
• Technological advancements in the construction industry

Threats:

• Competition from alternative building materials
• Stringent regulations regarding building materials
• Economic downturns and fluctuations in the construction industry

Market Key Trends:

1. Increasing demand for sustainable building materials
2. Growing adoption of drywall construction
3. Technological advancements in the construction industry
4. Rising demand for fire-resistant plasterboard

Covid-19 Impact:

The Covid-19 pandemic has had a significant impact on the global plasterboard market. The pandemic led to a slowdown in construction activities, which impacted the demand for plasterboard. However, the market has started to recover in recent months as construction activities have resumed in many countries. The pandemic has also led to an increased focus on sustainable building materials, which could create new opportunities for plasterboard manufacturers in the coming years.

Key Industry Developments:

1. In October 2020, USG Boral launched a new plasterboard product called Sheetrock Brand EcoSmart Panels in Australia, which is made of 97% recycled materials.
2. In September 2020, Knauf launched a new plasterboard product called Cleaneo Akustik, which has sound-absorbing properties and is made of 80% recycled materials.
3. In January 2021, Saint-Gobain acquired Continental Building Products, a leading manufacturer of plasterboard in North America.

Analyst Suggestions:

1. Plasterboard manufacturers should focus on developing sustainable and environmentally friendly products to meet the growing demand for sustainable building materials

2. Plasterboard manufacturers should invest in research and development to develop new technologies and materials that can improve the efficiency and cost-effectiveness of plasterboard production.
3. Plasterboard manufacturers should focus on expanding their presence in emerging economies such as China, India, and Brazil, where there is a growing demand for affordable housing and infrastructure development.
4. Plasterboard manufacturers should focus on developing new products that cater to the specific needs of different applications, such as fire-resistant plasterboard for hospitals and schools, and sound-insulating plasterboard for music studios and theaters.

Future Outlook:

The global plasterboard market is expected to witness significant growth in the coming years, driven by factors such as increasing construction activities, rising demand for sustainable building materials, and growing adoption of drywall construction. The market is expected to witness new innovations and advancements in technology, which could lead to the development of new products and materials. The market is also expected to witness increased competition from alternative building materials, which could impact the demand for plasterboard in the coming years. Overall, the future outlook for the plasterboard market looks positive, with significant opportunities for growth and expansion.

Conclusion:

The global plasterboard market is a growing market driven by factors such as increasing construction activities, rising demand for sustainable building materials, and growing adoption of drywall construction. The market is highly competitive, with major players such as Saint-Gobain, Knauf, USG Boral, and Etex Group dominating the market. The market is also subject to restraints such as fluctuating raw material prices, health concerns associated with gypsum, and competition from alternative materials.

However, the market is expected to witness significant growth in the coming years, driven by opportunities such as growing demand from emerging economies, increasing adoption of drywall construction, and technological advancements. Overall, the future outlook for the plasterboard market looks positive, with significant opportunities for growth and expansion.