Gypsum board is a building material that is used in building walls, ceilings, and partitions. These boards are made by combining gypsum with a sufficient amount of water and additives to make a semi-liquid slurry. This mixture yields calcium sulphate, which recrystallizes over time, restoring the original rock state. Because of their light weight and simple adaption to walls without beam structure, these gypsum boards are widely employed in the building sector.
The gypsum board market is predicted to rise significantly over the forecast period, owing to increased awareness about the qualities of gypsum boards in terms of fire resistance and high thermal resistance. According to Global Construction Perspectives and Oxford Economics, the global construction sector will be worth US$ 17.5 trillion by 2030, an increase of US$ 8 trillion from 2015. The building industry's expansion is likely to boost growth in the gypsum board market. Furthermore, market development is predicted to be driven by an increase in disposable income, increased consumer expenditure on home improvement activities, and an improvement in standard of living.
However, growth in this industry is projected to be hampered by the gypsum boards' limited shelf life and storage restrictions, as the board absorbs dampness, resulting in soft walls and ceilings.
Because of its wide range of application in room interiors, surfaces, and room partitions, the wallboard sector is likely to keep a prominent position in the global gypsum board market. Because the wallboards are immediately bonded to the wooden or metal frames, they are a viable substitute for various traditional coverings and planks used in the building sector.
Key players operating in the global gypsum board market include Saint-Gobain, United Mining Industries, Taishan Gypsum Co., Ltd., Knauf, Baier Group, Yoshino Gypsum Co., Ltd., Gulf Gypsum Board, Gypsemna, Georgia-Pacific Gypsum LLC, and Arcat, Inc., among others.
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