DUBLIN, February 09, 2022--(BUSINESS WIRE)--The "Global Drywall Market Report and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
According to this report the global drywall market attained a significant market value in 2021. Aided by the thriving construction sector, the drywall market is projected to see further growth between 2022 and 2027 to reach a value of USD 50,449 million by 2027.
Drywall, which is also known as wallboard, plasterboard, and gypsum board, are those gypsum panels used to build walls and ceilings. Drywall is preferred over plaster because it is easier to install, less expensive, more durable, and easier to repair. It is less expensive not only because it takes less time to install but also because gypsum is widely available and cheap to mine. It is also fire-resistant and helps to reduce noise infiltration.
The global expansion of the construction sector has aided the market growth. The growing trend of residential repair, remodelling, repair, and renovation has also aided the industry. Since drywall is simple to install, there has been an increase in consumer demand for drywall for 'do-it-yourself' (DIY) projects. The product's ability to seamlessly divide spaces has also aided the market, making it an easy and cost-effective option for customising interior spaces.
The rising population is leading to a growing demand for residential constructions in various countries, thus, aiding the growth of the global drywall industry. Drywalls have also grown in popularity due to their versatility in dividing and creating spaces, allowing for quick and seamless interior customisation options.
Increasing utilisation of drywalls in decorative and partitioning applications in residential constructions is anticipated to drive the market over the forecast period. The high durability and low weight of the product coupled with easy handling measures have propelled its demand in commercial, institutional, and industrial facilities for impact and mould resistance, exterior sheathing, and shaft wall constructions. Moreover, the availability of decorative designs on the boards is likely to support the growth over the forecast period.
The market report analyses the market based on segmentations such as type, application, and major regions.
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry. Some of the major players in the market explored in the report are:
China National Building Materials Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/qbk5tk
View source version on businesswire.com: https://www.businesswire.com/news/home/20220209005578/en/
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