Tag Archives: Plasterboard Market Growth

Plasterboard Market is expected to show a growth at CAGR of about 5.5% by 2022

Market Scenario:

Rise in building and construction industries, limited and no recycling availability of construction material, and various government initiative for eco-friendly environment acts as a major driving factor for the growth of plasterboard market. Residential application contributes highest to the market due to the rising per capita income of the individuals. Also, growing smart home concept contributes to the overall growth of the market.

Moreover, various additives are added to develop plasterboard with properties such as insulated, moisture resistant, sound insulations and others. The global plasterboard market is expected to show a growth at CAGR of about 5.5% from 2016 to 2022.

Plasterboard Market is expected to show a growth at CAGR of about 5.5% by 2022

Market Highlights

Increasing migration of rural population to the urban areas is estimated to significantly drive the construction industries and hence will have major contribution in the growth of plasterboard market.

Residential application contributes highest share due to the rising per capita income of the individuals, and growing smart home concept contributes to the overall growth of the market. The global plasterboard market is expected to show a growth at CAGR of about 5.5% from 2016 to 2022.

Major Key Players

  • Gyprock,
  • Knauf Insulation,
  • BGC Plasterboard,
  • Beijing New Building Material (Group) Co., Ltd.,