Plasterboard Market Size, Share, Trends, Growth and Forecast 2028

Plasterboard Market: Industry Prospective

The global plasterboard market was worth around USD 22813.70 million in 2021 and is estimated to grow to about USD 30923.61 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.2 percent over the forecast period. The report analyzes the Plasterboard market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Plasterboard market.

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Plasterboard Market: Overview

Plasterboard is used in multiple construction applications, such as noise reduction, and in the ceiling lining to improve the quality of the construction. These plasterboards come in different form factors that are of different sizes and shapes and hence can be used in multiple applications due to their flexibility.

Increasing urbanization and industrialization have propelled the demand for infrastructure across the world, and hence this will majorly drive the plasterboard market potential over the forecast period. Rising demand for better solutions in the construction industry will also majorly influence the plasterboard market potential and is expected to see steady growth over the forecast period.

However, the high cost of production of these plasterboards is expected to have a hindering effect on the global plasterboard market potential. Also, stringent government norms for construction are also anticipated to have a negative impact on the plasterboard market potential through 2028.

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COVID-19 Impact:

The pandemic of 2020 that led to lockdowns and adverse economic conditions on a global scale led to the downfall of the plasterboard market growth in 2020. The nations adopted lockdowns to curb the spread of infections; this led to a substantial drop in construction activity as outdoor activity was prohibited under these new norms and hence resulted in the downfall of the plasterboard market potential as well.

Disrupted logistics, shortage of raw materials, and lack of skilled labor are some other factors that restricted constriction activity in 2020. Hampered manufacturing and distribution activity also played a key role in the plasterboard market's potential degradation in this era.

As restrictions are lifted, the plasterboard market is predicted to make a comeback at a steady pace through the forecast period owing to resuming construction activity. The demand for the plasterboard market is expected to see good growth in the post-pandemic era and is expected to put plasterboard manufacturers on the track to recovery from the losses of a pandemic. 

Plasterboard Market: Growth Drivers

Increasing demand for Infrastructure Development

Urbanization and industrialization have led to a substantial increase in demand for infrastructure across the world, and this trend is anticipated to boost the plasterboard market potential in the long run. Increasing the use of plasterboard in construction activity will help the market grow at a steady pace over the forecast period, and increasing demand for advanced plasterboards is also expected to act in favor of plasterboard market growth. High demand from India and China is expected to be recorded owing to rising construction activity in these countries.

Plasterboard Market: Restraints

High cost of production

Plasterboard is observed to have high production and manufacturing costs, and this is expected to restrain its adoption in multiple applications. Especially in emerging economies where the spending potential is very low, the plasterboard market will experience a lapse in growth. This will affect the overall plasterboard market growth and slow it down substantially. Another factor that restrains market growth is stringent government mandates regarding the use of plasterboard in construction, and these make it hard for plasterboard companies to introduce standard products, hence resulting in hindering plasterboard market potential.

Global Plasterboard Market: Segmentation

The global plasterboard market is segregated based on type, form, end-use sector, and region.

By type, the market is divided into Standard, Fire-resistant, Sound-insulated, Moisture-resistant, Thermal, Specialist, Impact-resistant, Triple Low-E, and gas-filled. The fire-resistant and moisture-resistant segments are expected to see high demand in industrial applications to reduce maintenance costs and enhance the productivity of infrastructure. 

By end-use sector, the plasterboard market is segmented into residential and non-residential. The non-residential sector is expected to see high demand owing to rising industrialization across the globe, which has increased construction activity in this sector, and this trend is expected to be prominent over the forecast period as well. 

Plasterboard Market: Report Scope:

Recent Developments

• In October 2021 – Bullfix announced the launch of its new plasterboard which is a new and faster fixing solution for the construction industry.

Plasterboard Market: Regional Landscape

The Asia Pacific region leads the global plasterboard market and is expected to maintain this stance over the forecast period as well, owing to high infrastructural development in this region. Rapid urbanization and industrialization have led to a massive increase in construction activity in this region and are influencing the plasterboard market potential in this region through 2028. The emerging economies of China and India, owing to rising demand for infrastructure development, will see high potential for plasterboard market growth over the forecast period.

The market for plasterboard in North America will also account for a substantial share, and the United States is expected to be the most prominent market in this region owing to high residential construction activity.

Plasterboard Market: Competitive Landscape

Some of the main competitors dominating the global posterboard market include:

• Armstrong World Industries Inc. (U.S.)
• Etex Group (Belgium)
• Saint-Gobain S.A. (France)
• Gypsum Management and Supply (U.S.)
• USG Corporation (U.S.)
• Georgia Pacific LLC (U.S.)
• Boral Limited (Australia)
• KNAUF Gips KG (Germany)
• Fletcher Building Limited (New Zealand)
• LafargeHolcim Ltd. (Switzerland)
• and National Gypsum Company (U.S.).
• Mada Gypsum Company (Saudi Arabia)
• Beijing New Building Material Group (China)
• Gypsemna (UAE)
• Gyprock (Australia)
• Siniat Ltd (U.K.)
• Ayhaco Gypsum Products (UAE)
• Ahlstrom Corporation (Finland)
• Tai Shah Gypsum Co. (China)
• Yoshino Gypsum Co.(Japan)
• Tanzania Gypsum Limited (Tanzania)
• Atiskan Gypsum Products Co Inc. (Turkey)
• Jason Plasterboard Co. Ltd. (China)
• Gyptec Iberica (Portugal).

The global posterboard market is segmented as follows:

By Type

• Standard
• Fire-resistant
• Sound-insulated
• Moisture-resistant
• Thermal
• Specialist
• Impact-resistant
• Triple Low-E, gas-filled

By Form

• Tapered-edged
• Square-edged

By End-User

• Residential
• Non-residential

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa