The gypsum-based
product market has been expanding steadily, driven by demand from the
construction industry, particularly in sectors like residential, commercial,
and infrastructure development. Gypsum-based products, including gypsum boards,
plaster, and gypsum fiberboards, are valued for their versatility, fire
resistance, acoustic insulation, and aesthetic appeal. Gypsum is a key material
for modern construction because it allows for efficient and durable interior
finishes. In addition to new construction, gypsum products are extensively used
in renovation projects to improve the quality and durability of interior
spaces.
The gypsum-based product market was valued at
approximately USD 33.95 billion in 2022. It is anticipated to grow from USD
34.93 billion in 2023 to USD 45.0 billion by 2032. The market is expected to
achieve a compound annual growth rate (CAGR) of around 2.86% during the
forecast period from 2024 to 2032.
The market is particularly strong in regions with high
construction activity, such as Asia-Pacific, North America, and parts of
Europe. The Asia-Pacific region, led by China, India, and Southeast Asia, is
experiencing robust growth due to rapid urbanization and industrialization.
Developed markets in North America and Europe are seeing demand driven by both
new constructions and renovations, with a shift toward sustainable Gypsum-Based
Product Market building materials boosting gypsum-based product demand.
Get
Sample PDF of Gypsum-Based Product Market with Complete TOC, Tables &
Figures @
https://www.marketresearchfuture.com/sample_request/35036
Gypsum-Based Product Market Companies Are:
Boral Limited, Acme Brick, GeorgiaPacific Gypsum, Knauf
Gips, Siniat, Festool GmbH, SaintGobain, Etex Group, National Gypsum Company,
British Gypsum, PABCO Gypsum, Siniat Limited, Continental Building Products,
USG Corporation, LafargeHolcim
Drivers, Restraints, Opportunities, and Challenges (DROC)
of the
Drivers
Growing Construction Industry: Expanding
infrastructure, urbanization, and residential housing construction worldwide
are major drivers for gypsum products, which are used for interior finishes,
walls, and ceilings.
Sustainability and Eco-Friendly Characteristics:
Gypsum is a natural mineral that is also recyclable, and its environmental
footprint is relatively low compared to other building materials. Increasing
focus on green buildings and sustainability is supporting gypsum’s popularity.
Fire Resistance and Acoustic Benefits: Gypsum-based
products offer inherent fire resistance and sound insulation, making them ideal
for applications in residential and commercial buildings, particularly in
densely populated urban areas where fire safety and noise reduction are
critical.
Ease of Installation and Versatility: Gypsum-based
products are easy to install and can be used in diverse applications, which is
driving their popularity among construction firms seeking to optimize labor and
reduce construction time.
Segmentation of Gypsum-Based Product Market:
Gypsum-Based Product Market Product Type Outloo
·
Gypsum Boards
·
Gypsum Plasters
·
Gypsum Blocks
·
Gypsum Ceilings
·
Gypsum Mortars
Gypsum-Based Product Market Application Outlook
·
Residential
·
Commercial
·
Industrial
Opportunities
Innovation in Product Formulations: Advances in
additives and coatings are creating water-resistant, mold-resistant, and
lightweight gypsum products, opening up new applications in moisture-prone
areas like bathrooms and kitchens.
Rising Demand for Renovation and Retrofit Projects:
As existing buildings age, the need for interior renovations and updates is
growing, creating demand for gypsum products in the remodeling market,
especially in developed economies.
Growth in Emerging Markets: Rapid urbanization and
economic development in emerging markets like India, Brazil, and Africa are
fueling demand for gypsum-based products, particularly for affordable housing
and commercial construction projects.
Challenges
Environmental Regulations and Mining Restrictions:
Environmental concerns related to gypsum mining and manufacturing processes can
restrict the availability of raw materials in some regions. Regulations aimed
at reducing the environmental impact of mining activities may also increase
costs.
Price Fluctuations in Raw Materials and Energy Costs:
Gypsum manufacturing is energy-intensive, and rising costs of fuel and energy
can impact production expenses, affecting overall profitability for
manufacturers.
Need for Skilled Labor in Installation: Although
gypsum-based products are easy to install, achieving high-quality results
requires trained professionals. The lack of skilled labor can impact
construction quality and project timelines, especially in emerging markets.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have
supreme objective to provide the optimum quality market research and
intelligence services to our clients.
Contact
us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
No comments:
Post a Comment