Gypsum Board Market – Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 24
Gypsum board or drywall is a core board material typically used in the construction industry for wall and ceiling applications consisting of gypsum and a paper surfacing on the face, back, and length of the board. For the manufacturing of drywall, raw gypsum rock is heated, causing it to lose about two-thirds of its water. After this process, the gypsum is becomes soft, resulting in a product called hemihydrate gypsum. Hemihydrate gypsum is soft enough to be grounded easily to make gypsum powder or plaster of Paris. The powder is mixed with water and additives to form a paste or slurry that is poured between the continuous layers of paper on a board machine. As the board moves down the conveyer line, the slurry of hemihydrate gypsum starts recrystallizing and reverts to its original rock state. The paper is mechanically and chemically bonded with gypsum and forms a board shape. The board is cut according to the desired length and sent to the dryer to remove excess or free moisture from the board. Gypsum board is found in two different product types in the market: paper-faced gypsum board and coated glass-mat water-resistant gypsum board.
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Gypsum boards are a premier building material in the construction industry globally. Various advantages associated with gypsum boards, such as cost effectiveness, faster installation, sound attenuation, weather resistance, fire resistance, superior finishing, and improved mold and mildew resistance, are proving it a substitute for traditional construction materials, such as brick, wood, and plywood. In addition, gypsum boards are easily recyclable and do not harm the environment. Gypsum board is used as a building material for walls, ceilings, and partition systems in residential, nonresidential, and institutional structures. These boards are used in a variety of applications and performance situations such as ceramic tile and marble backing materials, plaster bases, elevator and pipe shaft enclosure systems, exterior building sheathings, and ceiling and soffit enclosures. These boards are a very handy option for partitions between office cabins, conference and meeting rooms, multiplexes, classrooms, banquet rooms, etc.
North America is the key region for global gypsum board market. After witnessing a slump in the gypsum board market in the last decade, the region is expected to grow at a significant rate during the forecast period. The remarkable rise in the construction of nonresidential and commercial buildings in the U.S. is likely to propel the demand for gypsum board in North America. In Asia Pacific, rapid growth in the construction industry in China is expected to drive the demand for gypsum board market in the region. Light-weight, cost-effectiveness, and easy installability are likely to increase demand for gypsum board in developing economies due to a continuous rise in the demand for housing in tandem with a rising population. Countries such as India, Thailand, Malaysia, Mexico, and Argentina are likely to propel the demand for gypsum board in developing regions due to continuous rising urbanization.
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The global market for gypsum board is fragmented in nature. The key market players are Etex Corp, BPB India Gypsum, Global Mining Company LLC, Saint-Gobain Gyproc, Lafarge, National Gypsum Company, UMI Company Ltd., Taishan Gypsum Co. Ltd., Knauf Dubai, Baier Group, Yoshino Gypsum Co. Ltd., USG-Zawawi LLC, Beijing Tonglanhai Technology Co. Ltd., Gulf Gypsum Co., Beijing New Building Material, and Gypsemna.
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