The Plasterboard Market will be worth USD 22,633.80 million by 2030, with a significant growth rate from 2022 to 2030.
Plasterboards are in high demand in the construction industry due to their low cost, superior quality, and ease of installation. The global plasterboard market is expected to grow due to several important factors, such as increased modern retailing, demand for new construction projects, rising demand from the construction industry, and rising consumer income and employment across various regions. Furthermore, rapid industrialization and an expanding economy are expected to create significant opportunities for key market players. Furthermore, expanding international players in various parts of the world are expected to bring lucrative opportunities to the global plasterboard market. The growing middle-class population and residential building construction, combined with government initiatives and investments, are driving up demand for plasterboard in the residential sector.
The spread of COVID-19 is likely to have several short- and long-term consequences in the construction industry. The construction sector’s performance is expected to be temporarily hampered due to a negative impact on money liquidity due to the affected income of a larger segment of society. Furthermore, the disruption of raw material and labor supply is one of the major factors affecting construction activity in 2020. However, the fact that most countries’ lockdowns have been lifted and residential sales are picking up is an encouraging sign. Strong demand for dry construction methods over wet methods and rising demand for fire-resistant construction materials drive market growth. The global plaster market is primarily driven by rising consumer demand for long-lasting, low-cost building materials. Plasterboards’ growing popularity among end-users due to their ease of installation is fueling the market’s growth. Companies’ increasing preference for sustainable construction methods will benefit the global plasterboard market.
The global plasterboard market is segmented based on the type, form, and end-user industry.
According to the form:
According to the type:
According to the end-user industry:
The global plasterboard market is segmented into Europe, Asia-Pacific, North America, and the rest of the world.
In 2018, North America had the largest plasterboard market share, expected to dominate by the end of 2025. The Asia-Pacific region is expected to experience significant growth in the forecast period. China’s construction industry grew quickly because of the central government’s push for infrastructure investment to sustain economic growth. Despite the volatile growth of the real estate sector, the Chinese government’s significant rail and road infrastructure development to support the expanding industrial and service sectors has resulted in substantial growth of the Chinese construction market in recent years. Because state-owned enterprises dominate the construction industry, increased government spending in the country is boosting the industry. Furthermore, the expanding economy and rapid industrialization are boosting the growth of the plasterboard market.
Enquire For Discount: https://www.marketresearchfuture.com/check-discount/1976
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objectives
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis