Valued to be $82.4 Billion by 2026, Gypsum Board Slated for Robust Growth Worldwide

2022-07-02 02:23:19 By : Ms. Angela Li

SAN FRANCISCO , Sept. 23, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Gypsum Board - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE Edition: 6; Released: April 2021 Executive Pool: 723 Companies: 17 - Players covered include AYHACO Group; Beijing New Building Material; Etex Group; Global Mining Co., LLC; Gulf Gypsum Co., (ASK Gypsum Factory Ltd.); Gypsemna; Knauf Middle East; Lafarge Group; National Gypsum Co.,; Saint-Gobain Gyproc Middle East; United Mining Industries; USG Zawawi Drywall LLC SFZ; Yoshino Gypsum Co., Ltd. and Others. Coverage: All major geographies and key segments Segments: Product Type (Wallboard, Ceiling Board, Pre-Decorated Board, Other Product Types); End-Use (Residential, Commercial, Industrial, Institutional, Other End-Uses) Geographies: World; United States ; Canada ; Japan ; China ; Europe (France ; Germany ; Italy ; United Kingdom ; Spain ; Russia ; and Rest of Europe ); Asia-Pacific (Australia ; India ; South Korea ; and Rest of Asia-Pacific ); Latin America (Argentina ; Brazil ; Mexico ; and Rest of Latin America ); Middle East (Iran ; Israel ; Saudi Arabia ; United Arab Emirates ; and Rest of Middle East ); and Africa .

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Global Gypsum Board Market to Reach $82.4 Billion by 2026 Amid the COVID-19 crisis, the global market for Gypsum Board estimated at US$44.5 Billion in the year 2020, is projected to reach a revised size of US$82.4 Billion by 2026, growing at a CAGR of 10.5% over the analysis period. Wallboard, one of the segments analyzed in the report, is projected to record a 10.9% CAGR and reach US$45.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Ceiling Board segment is readjusted to a revised 9.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $13.4 Billion in 2021, While China is Forecast to Reach $17.1 Billion by 2026 The Gypsum Board market in the U.S. is estimated at US$13.4 Billion in the year 2021. China , the world`s second largest economy, is forecast to reach a projected market size of US$17.1 Billion by the year 2026 trailing a CAGR of 13.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada , each forecast to grow at 7.3% and 9.1% respectively over the analysis period. Within Europe , Germany is forecast to grow at approximately 8.2% CAGR.

Pre-Decorated Board Segment to Reach US$16.9 Billion by the year 2026 In the global Pre-Decorated Board segment, USA , Canada , Japan , China and Europe will drive the 10.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$6.7 Billion in the year 2020 will reach a projected size of US$13.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™ Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

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