A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Drywall
and Building Plaster Market.
The study, titled “Drywall
and Building Plaster Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Global
Drywall and Building Plaster Market: Overview
Drywall
refers to panels made from gypsum plaster pressed between thick
sheets of paper. They are used to make ceilings or walls. Drywall
construction has emerged as a speedier alternative to the traditional
plaster. Rapid expansion of construction activities worldwide is
giving impetus to the global market for drywall and building plaster.
With the number of construction firms across countries projected to
increase, the innovation of drywall-based construction techniques is
likely. This in turn is expected to give a major boost to the market
for drywall and building plasters.
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The
drywall and building construction market is broadly classified into
residential and non-residential, based on end user. Of these, the
demand from the residential sector is the highest, Regionally, the
global drywall and building plaster market can be segmented into Asia
Pacific, North America, Europe, and Rest of the World. Increasing
demand from the construction industry in China and the U.S. is
offering a significant boost to the drywall and building plaster
market.
The
report presents a comprehensive overview of the growth trajectory
exhibited by the global drywall and building plaster market. It
studies in detail the various factors influencing the market’s
growth trends. The most lucrative regional markets for drywall and
building plasters are identified in the report to aid enterprises in
determining future growth strategies.
Global
Drywall and Building Plaster Market: Key Opportunities and Threats
The
U.S. and China are expected to dominate the global market for drywall
and building plasters. These countries are projected to account for
the largest share in the overall demand generated for drywall between
2016 and 2023. Additionally, product sales in the U.S. are expected
to grow at an impressive rate during this period. After witnessing a
slight decline in demand in the U.S. during 2006 and 2011, the
drywall market in the country exhibited robust growth post the
economic rebound.
The
rapidly increasing nonresidential building construction sector in the
U.S. will give an impetus to the demand for drywall and building
plasters in the country. In China as well, the market for drywalls
and building plasters is expected to expand at an impressive pace.
This growth will be aided by the rising construction activities in
China.
Other
countries that are projected to show lucrative prospects for the
drywall and building plasters market include India, Thailand, Mexico,
Turkey, and Saudi Arabia. Increasing demand for urban housing will
boost expenditure on residential building constructions in these
countries, consequently propelling the market for drywall and
building plasters. Going forward, local companies operating in the
construction market in these countries will increase their spending
on modern building materials. Thus, the demand for drywall and
building plasters is anticipated to rise exponentially in the coming
years.
Global
Drywall and Building Plaster Market: Regional Outlook
Regionally,
North America and Europe will emerge as two of the most lucrative
markets for drywalls and building plasters. The market is poised to
report above average growth in Asia Pacific, Latin America, Eastern
Europe, and the Middle East and Africa. The use of drywall in
residential construction is expected to increase due to its rising
popularity. This is likely to be a key factor bolstering demand for
drywalls and building plastics from these regions.
Global
Drywall and Building Plaster Market: Vendor Landscape
To
study the prevailing vendor landscape in the market, the report
profiles some of the most prominent enterprises operating in the
global drywall and building plasters market. These include companies
such as Saint-Gobain (France), BNBM (China), Etex (Belgium), and
others. The report evaluates the strengths and weaknesses of these
companies and identifies the threats and opportunities that they are
expected to face during the forecast period.
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The
companies profiled in the report are studied on the basis of their
product portfolio, financial overview, strategies adopted, and
development status.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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