New York City, NY, April 21, 2017/24 Market Reports: The Plasterboard market has been growing in accordance with the construction industry. Consumers are gradually opting for eco-friendly and modern building techniques. These have prompted the market for dry building material and hence, there is a rise in the demand for plasterboard products.
The segmentation considered for this report is based on form, type, end-use sector, and region that constitute the key markets. The forms of plasterboard include tapered-edged and square-edged. The different product types are standard, fire-resistant, moisture-resistant, sound-insulated, thermal, specialist, and impact-resistant plasterboards. The market has further been segmented on the basis of end-use sector into residential and non-residential. On the basis of key regions, the plasterboard market has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Increasing disposable incomes of people in developing countries and changing preferences of people for construction methods result in an increased demand for dry construction techniques, which drive the plasterboard market. However, there are certain factors prevailing in the market that hinder the growth of the plasterboard industry. In the U.K., the Environmental Agency has put a ban on the disposal of plasterboard waste with biodegradable wastes, which has driven the need for plasterboard recycling plants. The current number of plasterboard waste recycling plants is very less, which can prove to be a setback in the growth of the market.
The global market for plasterboard is dominated by major players of the plasterboard industries. Saint- Gobain S.A. (France), USG Corporation (U.S.), Etex Group (Belgium), Armstrong World Industries Inc. (U.S.), Georgia Pacific LLC (U.S.), Boral Limited (Australia), KNAUF Gips KG (Germany), Gypsum Management and Supply, Inc. (U.S.), Fletcher Building Limited (New Zealand), LafargeHolcim Ltd. (Switzerland), and National Gypsum Company (U.S.) are the leading plasterboard companies. These companies use various strategies such as mergers & acquisitions, expansions, new product launches, and partnerships, agreements, joint ventures, and strategic alliances to strengthen their position in the market.
Plasterboards are ecofriendly in nature and the waste generated from drywall is recyclable. Recycled drywall can be used in making new drywall and is also used as an ingredient in Portland cement. The latest application of crushed drywall as a soil conditioner is gaining popularity in the agricultural world. It provides additional calcium and sulfur for plants and also neutralizes soil with high salt content.