The global drywall and building plaster market is projected to reach USD 141.3 billion by 2028. The demand for drywall and building plaster is expected to increase at a CAGR of 3.8% from 2021-2028 owing to the growth in residential construction across the globe as well as rising commercial property development activities in North America and Asia Pacific region.
Drywall and Building Plaster Market - Growth Potential: Drywall has been used predominantly over time while builders have been using more building plasters due to its ease of installation compared with drywalls which are more labor-intensive, thus driving the market for these products up in the coming years.
Drywall and building plaster are two terms that refer to the same material, which is a concrete-like substance made from gypsum. It's common in residential construction because it offers excellent fire resistance as well as insulation qualities.
The drywall market is much larger than the building plaster market owing to its popularity among builders for both new constructions and renovations - despite being more labor-intensive than building plasters. Drywalls also have greater strength compared with traditional wood stud framing so they're more durable on their own while doing double duty by providing structural support.
Drywall and building plaster are two different types of construction materials that give a structure its shape. Drywalls, also called sheetrock or wallboard in some regions, are panels made out of gypsum-based material that when installed on the inside surfaces provide structural support to buildings and serve as insulation against heat transfer from outside.
On the basis of type, the drywall and building plaster market is segmented into drywall and building plaster.
Drywall is a building material used to make interior walls, ceilings, and partitions. Drywall sheets are typically made of gypsum plasterboard which has been compressed into panels or board-stock and then covered with paper facades for decoration, insulation, or fireproofing purposes. In the construction industry drywall is also called wallboard in the US and Canada. The term "drywall" can refer either to a panel that combines both soft (gypsum) and hardboards (paper), or only to such an assembly where there isn't any need for additional framing behind it.
Building Plaster is a type of plaster that can be used in the building industry. It consists of three parts, namely cement, sand, and lime but also includes fibers such as hemp or wood chips. The mix sets hard enough to form an impervious layer on walls for waterproofing. Building plasters are usually applied when drywall just isn't wet enough - they are often mixed with water before application which alters how long it will take to set up again after use (usually anywhere between 20 mins-24 hours).
On the basis of application, the global drywall and building plaster market is segmented into residential, wholesale & retail buildings, offices, academic & educational buildings, hotels & restaurants, and others.
Drywall and building plaster are both used for many residential uses. The two items are often found in the construction of homes, apartment buildings, condominiums, and any other type of housing unit that is sold to a family or individual buyer. They can be found as wallboard in paint-grade form, which is then usually primed and painted by the homeowner before installation on walls or ceilings. Drywall may also come pre-primed at some locations; this ensures that it will not need painting prior to installation but comes with an increase in cost from standard drywall products. Building plasters have more specialized applications than drywall because they contain additives such as lime putty fillers like chalk dust (or marble) mixed with clay and sand. These additives help to control water vapor permeance and reduce the risk of damage from fire, as well as provide other benefits not found in standard drywall products.
Building plaster is often used for applications such as exterior walls, interior partitions or ceilings, basement floors; they can also be found on stair risers and landings connecting two flights of stairs. Building plasters are typically sold by volume because they contain additive materials that affect weight per unit area measurements. Drywall panels may become warped if subjected to large temperature changes due to their lightweight construction but this does not happen with building plasters because it has a much thicker construction than standard drywall material (also known as gypsum board).
Drywall and building plaster are materials that have been used in many industries for centuries. Drywall is a sheet material made by hanging or pressing dry sheets of gypsum wallboard onto thin paper, fiberglass matting, mesh-backed vinyl film, adhesive felt blanket or another flexible backing. Building Plaster is an exterior product that provides protection to the surface of walls from exposure to water damage as well as adds texture and aesthetic appeal.
The use of drywall and building plaster in hotels & restaurants is primarily used as a one-time installation to achieve the desired aesthetic. It can also be called upon for functional purposes, such as insulation or soundproofing. In addition, it can serve as an attractive finish that helps add value while beautifying any room with simple elegance.
Drywall and building plaster are often used in offices for the construction of partitions, ceilings, doors, and other wall elements. These materials are easy to install and do not require craftsmen's expertise. They can be easily cut with a utility knife or saw so they match office layouts precisely. Drywall is used as an underlayment insulation layer that protects partitions from damage due to water vapors emitted by walls. Building plaster is applied over drywall layers on both sides of these partitioning panels when installing new ones into existing buildings or renovating them after fire disasters such as smoke or mold removal. It gives additional protection against moisture accumulation inside the panel surface while absorbing sound waves generated during a speech to increase acoustic comfort at the workplace.
Drywall and building plaster are used in schools as a wall covering and to cover surfaces that need protection. These materials provide soundproofing, fire resistance, insulation against heat or cold, noise reduction capability, water-resistance properties for high humidity environments (e.g., swimming pools), and the ability to be finished with paint or other decorative finishes which can add color or texture effects such as wood paneling look. Drywall is one of the most popular wallcoverings in academic & educational buildings because it is inexpensive yet durable enough so that nails can go directly through without splitting it up like they do when staples are applied to walls made out of paperboard. It provides excellent vibration isolation between rooms due to its lack of air gaps.
Drywall is often installed in kitchens due to its ability to control humidity levels (drywall absorbs moisture), resist heat (can withstand up to 200 degrees Fahrenheit), and provide excellent fire resistance. Building panels are well suited for bathrooms where they offer ample water protection from outside: common causes include leaks or floods caused by faulty plumbing systems above them, cracks or holes around windows/doors, etc
On the basis of region, the global drywall and building plaster market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America leads the global drywall and building plaster market owing to its presence in high-value residential markets like Canada.
Each of these regions is expected to exhibit a steady growth rate during the forecast period due to rising demand for infrastructure projects across various applications such as housing construction which will drive up overall consumption of drywall products in all regions.
- Increasing adoption of energy-efficient materials used by builders
- Rise in the number of new constructions being built worldwide each year leading to higher demand for raw material inputs including PVC foam insulation boards; roofing sheets; wallboard, etc.
- Rising awareness about the effects of pollution on health and the environment has led to a rise in demand for building materials that are eco-friendly, leading to increased availability of green products such as recycled drywall; smart buildings with solar roof panels, etc.
- Furthermore, increasing investments from developers in real estate sectors will result in more buildings being constructed leading to increased demand for drywall and other building coatings products among others. This can be attributed due to evolving consumer habits where people are now preferring homes with high-quality finishes compared to traditional houses with unfinished walls.
Up Market Research published a new report titled “Drywall amp Building Plaster Market research report which is segmented by Types (Drywall, Building Plaster), By Applications (Residential, Wholesale & Retail Buildings, Offices, Academic & Educational Buildings, Hotels & Restaurants, Others), By Players/Companies Knauf Gips, Saint-Gobain, Etex, USG, Fermacell, Gyptec Iberica, Georgia-Pacific, National Gypsum, USG Boral Building, PABCO Building Products, American Gypsum, ROCKWOOL International, Continental Building Products, LafargeHolcim, Winstone Wallboards, China National Building Material, Kingspan, Yoshino Gypsum, Supress Products, Lime Green Products”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Drywall amp Building Plaster Market Research Report|
|By Type||Drywall, Building Plaster|
|By Application||Residential, Wholesale & Retail Buildings, Offices, Academic & Educational Buildings, Hotels & Restaurants, Others|
|By Companies||Knauf Gips, Saint-Gobain, Etex, USG, Fermacell, Gyptec Iberica, Georgia-Pacific, National Gypsum, USG Boral Building, PABCO Building Products, American Gypsum, ROCKWOOL International, Continental Building Products, LafargeHolcim, Winstone Wallboards, China National Building Material, Kingspan, Yoshino Gypsum, Supress Products, Lime Green Products|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||212|
|Number of Tables & Figures||149|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Drywall, Building Plaster and By Application Residential, Wholesale & Retail Buildings, Offices, Academic & Educational Buildings, Hotels & Restaurants, Others.
Some of the companies that are profiled in this report are:
Drywall amp Building Plaster Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Drywall amp Building Plaster Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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