Gypsum Board Market Size to grow by USD 17023.2 million between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Gypsum Board Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.

Key Highlights:

• Market Research Overview: The global building products market encompasses businesses producing various building components, including windows and doors, flooring, ceiling and wall fixtures, roofing and gutter materials, insulation materials, cabinets, plumbing fixtures, and home improvement products and equipment. According to Technavio, the market size is determined by the consolidated revenue generated by manufacturers of building and home improvement products and equipment. The expansion of the global building products market is attributed to several factors, primarily the burgeoning construction sector. In both developed and emerging economies, the construction industry is experiencing significant growth, driven by the increasing demand for infrastructure development in response to urbanization and the necessity to address public healthcare needs in developing countries. This surge in construction activity is leading to increased demand for building products and home improvement solutions. - The Gypsum Board Market is experiencing significant growth, fueled by the Rising number of infrastructural and construction activities. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

• Major Findings:
  • Rising number of infrastructural and construction activities
  • Rise in construction activities across APAC
  • Adverse impact on environment
  • Fluctuation in cost of raw materials
• Growth Projections

The market size is estimated to grow by USD 17023.2 million, at a CAGR of 7.49% during the forecast period. In the Gypsum Board Market, vendors are implementing strategic maneuvers such as mergers and acquisitions (M&A) and partnerships to bolster their competitive positions against both established competitors and new entrants. Notably, Compagnie de Saint Gobain SA has been active in this regard, having acquired a minority stake in Livspace, a digital-focused residential market leader in India and South-East Asia, in November 2021. Additionally, in October 2021, the company expanded its presence in the French residential renovation market by acquiring RABONI Normandie, a multispecialist distributor of construction materials. These strategic moves aim to enhance Compagnie de Saint Gobain SA's market reach and competitive edge.

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• Regional Insights

The Gypsum Board Market represents a significant business opportunity, with increasing demand driven by the construction industry's growth. This segment's expansion is attributed to its key advantages, including fire resistance, sound absorption, and ease of installation. Manufacturers are focusing on innovation, such as the development of moisture-resistant and non-combustible gypsum boards, to cater to diverse customer needs and regulatory requirements. The market's future looks promising, with a CAGR of 5.5% projected from 2021 to 2026.

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