Dublin, April 05, 2024 (GLOBE NEWSWIRE) -- The "Gypsum-Based Plasterboard Market and Alternatives: A Global and Regional Analysis, 2023-2033" report has been added to ResearchAndMarkets.com's offering.
The gypsum-based plasterboard market and alternatives was valued at $22.90 billion in 2023, and it is expected to grow at a CAGR of 7.88% and reach $48.89 billion by 2033.
Gypsum-based plasterboard and alternatives are poised to revolutionize construction practices by offering several advantages over conventional chemical inputs. The market is at a growing stage and is projected to experience considerable growth. Market players investing in research, infrastructure, and partnerships are expected to capitalize on the increasing demand for gypsum-based plasterboard and alternatives. 
While gypsum-based plasterboard remains dominant in the construction industry, alternatives have emerged to address specific needs and preferences. Each alternative offers unique properties such as enhanced durability, moisture resistance, or design flexibility, catering to diverse end-user requirements in both residential and non-residential applications.
Market Introduction
The gypsum-based plasterboard market and alternatives has witnessed significant growth due to rising construction activities, owing to its versatility, ease of installation, and cost-effectiveness in construction projects worldwide. Gypsum-based plasterboard offers exceptional fire resistance, sound insulation properties, and smooth surface for finishing. Its widespread adoption in both residential and commercial construction projects has made it a staple material in the building industry.
Industrial Impact
The demand for gypsum-based plasterboard is driven by the increasing construction activities, particularly in residential and commercial sectors, as it is a preferred material for interior walls and ceilings due to its ease of installation and cost-effectiveness. Moreover, renovation and remodeling projects in both residential and commercial buildings often involve the use of gypsum-based plasterboard for its versatility and ability to transform interior spaces quickly.
Furthermore, ongoing technological advancements in gypsum board manufacturing processes lead to improved product quality, enhanced performance, and increased efficiency, further fueling market growth. Growing awareness of environmental issues and the need for sustainable construction materials drive the demand for alternatives such as bio-based plasterboard, which utilizes renewable and biodegradable resources, reducing reliance on non-renewable materials.
The key players operating in the gypsum-based plasterboard market and alternatives include Saint-Gobain Group, Knauf Digital GmbH, National Gypsum Services Company, Etex Group, Georgia-Pacific, Fletcher Building, PABCO Gypsum, China National Building Material Company Limited, USG Corporation, American Gypsum Company, LLC, Hemspan, Adaptavate Ltd, Smarter Habitat GmbH & Co KG, Strawcture Eco and Armstrong World Industries, Inc., among others. These companies are focusing on strategic partnerships, collaborations, and product launches to enhance their product offerings and expand their market presence.
Residential to Lead the Gypsum-Based Plasterboard Market and Alternatives (by End-User Application)
In the gypsum-based plasterboard market and alternatives based on end-user application, residential applications continue to lead due to their widespread usage in residential construction projects. Gypsum-based plasterboard is highly favored in residential settings for its versatility, ease of installation, and cost-effectiveness. It serves as an essential material for constructing interior walls and ceilings, providing a smooth surface for finishing touches such as painting or wallpapering.
However, as environmental concerns grow and sustainability becomes a priority across industries, alternatives to gypsum-based plasterboard are gaining traction, particularly in residential applications. These alternatives offer similar functionalities while addressing concerns such as environmental impact, durability, and energy efficiency.
Fire-Resistant Plasterboard to Lead the Gypsum-Based Plasterboard Market and Alternatives (by Type)
In the gypsum-based plasterboard market and alternatives, fire-resistant plasterboard emerges as a frontrunner among its various types. This dominance can be attributed to the stringent safety regulations and increasing awareness regarding fire hazards in construction projects. Fire-resistant plasterboard, equipped with special additives and reinforced with glass fibers or other materials, offers superior fire protection compared to standard gypsum-based plasterboard. Its ability to withstand high temperatures and prevent the spread of flames makes it indispensable in buildings where fire safety is a priority, such as commercial spaces, high-rise buildings, and public facilities. As regulations continue to tighten and emphasis on fire safety grows, the demand for fire-resistant plasterboards is expected to propel its market dominance further in the foreseeable future.
Gypsum to Lead the Gypsum-Based Plasterboard Market and Alternatives (by Material)
In the gypsum-based plasterboard market and alternatives based on material, gypsum stands as the undisputed leader among materials. Gypsum's dominance is rooted in its exceptional properties that cater to a wide range of construction needs. Its abundant availability, ease of processing, and affordability make it a preferred choice for manufacturing plasterboard. Additionally, gypsum-based plasterboard offers excellent fire resistance, sound insulation, and thermal properties, further solidifying its position as the go-to material for construction projects.
While alternatives such as hemp or fiber cement panels exist, they often lack the versatility and cost-effectiveness that gypsum provides. Moreover, gypsum-based plasterboard's compatibility with various finishing materials and its ability to create smooth, seamless surfaces add to its appeal among builders, architects, and homeowners alike. As the construction industry continues to evolve, gypsum's market dominance is expected to persist, fueled by its inherent advantages and continual innovations in gypsum-based products.
The Asia-Pacific region is poised to lead the gypsum-based plasterboard market and alternatives.
With rapid urbanization, burgeoning population, and substantial infrastructure development projects, countries in the Asia-Pacific region, particularly China, India, and Southeast Asian nations, are witnessing significant growth in construction activities. This surge in construction demand is driving the consumption of gypsum-based plasterboard as a preferred material for interior walls and ceilings due to its cost-effectiveness, ease of installation, and compliance with stringent building regulations.
Moreover, the region's increasing focus on sustainable building practices and environmental conservation is fostering the adoption of alternatives such as bio-based plasterboards, which utilize renewable resources and offer eco-friendly attributes. As the Asia-Pacific region continues to experience robust economic growth and infrastructure development, it is expected to maintain its dominance in the gypsum-based plasterboard market and alternatives, and emerge as a key market for sustainable alternatives, contributing to the region's construction industry's advancement and sustainability goals.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 149 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value (USD) in 2023 | $22.9 Billion |
| Forecasted Market Value (USD) by 2033 | $48.89 Billion |
| Compound Annual Growth Rate | 7.8% |
| Regions Covered | Global |
Market Dynamics: Overview
Market Drivers
- Increase in Construction Activities Due to Rapid Urbanization, Population Growth, and Economic Development
- Increase in Investments for Infrastructural Development
- Rise in Demand for Environment-Friendly, Sound-Reducing, and Thermal Insulating Plasterboard Alternatives
Market Challenges
- Price Volatility of Raw Materials
- Limited Awareness of Gypsum Plasterboard Applications and Competition from Alternative Construction Materials
Market Opportunities
- Advancements in Technology and Product Innovation
- Untapped Opportunities in Emerging Markets for Infrastructure Development
Construction Industry Trends: Current and Future
- Growing Emphasis on Sustainable Construction Practices
- Adoption of Digitalization and Generative AI
Supply Chain Overview
- Value Chain Analysis
- Price Comparison
Research and Development Review
- Patent Filing Trend (by Country, Company)
- Regulatory Landscape
- Stakeholder Analysis
- Startup and Investment Summary
Production Technologies for Alternatives
Comparative Analysis of Gypsum-Based Plasterboard and Alternatives
Companies Featured
- Saint-Gobain Group
- Knauf Digital GmbH
- National Gypsum Services Company
- Etex Group
- Georgia-Pacific
- Fletcher Building
- PABCO Gypsum
- China National Building Material Company Limited
- USG Corporation
- American Gypsum Company, LLC
- Hemspan
- Adaptavate Ltd
- Smarter Habitat GmbH & Co KG
- Strawcture Eco
- Armstrong World Industries, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/fk06p0
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