Growing Demand for worldwide construction & faster Industrialization is Expected to Stimulate the Demand for Plasterboard Market.

Growth Drivers:
Rapid Urbanization Requires Large Number of New Construction Projects
Rise in Preference for Dry Construction Techniques Over Wet Construction Methods
Ease of Installation and Replacement Increases Preference End Users Toward Plasterboard
Technological Advancements in Extrusion and Processing

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The plasterboard market is expected to witness high growth as a result of the recovery of the global economy, high growth in the Asia-Pacific region, and the emergence of environment-friendly construction techniques. Growth in modern retailing, rise in consumer income & employment, and increase in demand for new construction projects are some of the other factors influencing the growth of the plasterboard market.The plasterboard market size will grow from USD 18.07 Billion in 2016 to USD 23.85 Billion by 2021, at an estimated CAGR of 5.7% between 2016 and 2021.

The Asia-Pacific region accounted for the largest share and is projected to grow at the fastest rate in the plasterboard market from 2016 to 2021. Markets in developing countries such as China, India, Brazil, South Africa, and countries in the Middle East are projected to grow at a higher rate from 2016 to 2021, owing to the high population in these countries, along with expected new building constructions and renovation activities in the next ten years.

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Armstrong World Industries Inc. (U.S.), Etex Group (Belgium), Saint-Gobain S.A. (France), Gypsum Management and Supply, Inc. (U.S.), USG Corporation (U.S.), Georgia Pacific LLC (U.S.), Boral Limited (Australia), KNAUF Gips KG (Germany), Fletcher Building Limited (New Zealand), LafargeHolcim Ltd. (Switzerland), and National Gypsum Company (U.S.).