Gypsum Board Market 2023-2027: Increase in M&A and partnerships will Fuel the Market Growth
The gypsum board market is segmented by application (residential, commercial, industrial, and institutional), product (wallboard, ceiling board, pre-decorated board, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The increase in M&A and partnerships is the major gypsum board market trend which will positively influence the market value.
Gypsum Board Market Outlook 2027
The gypsum board market share will value over USD 15865.52 million by 2027
It is estimated to expand at a CAGR of 7.45% from 2022 to 2027
The gypsum board market size will witness a YOY growth rate of 6.55% in 2023
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Increase in M&A and partnerships will fuel the market growth
Vendors in the market are adopting strategies such as mergers and acquisitions and partnerships to gain a competitive advantage over existing vendors as well as new entrants. These factor will increase the growth of the gypsum board market during the forecast period.
Rising Number of Infrastructural and Construction Activities to Drive Market Growth
The rising number of construction activities in major economies, including China, India, Russia, and the US, is expected to augment the demand for gypsum board. Moreover, in countries such as India and Australia, the demand for residential accommodation will increase, owing to the rising population and urbanization, leading to an increase in residential construction in these countries.
Gypsum Board Market Vendors
Some of the major gypsum board market vendors are:
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Key Takeaways
The adverse impact of gypsum on the environment are the major hindrance for market players
The gypsum board market structure is fragmented in nature.
52% of gypsum board market growth will develop from APAC.
The market growth by the residential segment will be significant during 2023-2027 owing to the increasing adoption of Gypsum Boards by residential consumers.
