Drywall Panels Market Size, Share, Growth, and Industry Analysis by Type (Regular Drywall Panels, Mold Resistant Drywall Panels and Moisture Resistant Drywall Panels) By Application (Residential Building, Commercial Building and Industrial Building), Regional Insights, and Forecast From 2024 To 2032

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Drywall Panels Market Report Overview

The global drywall panels market size was USD 4.87 billion in 2023 and is projected to grow from USD 5.08 billion in 2024 to USD 7.2 billion by 2032, exhibiting a CAGR of 4.45% during the forecast period. Asia-Pacific holds leading position in drywall panels market share in 2023.

Drywall is a panel made of calcium sulfate dihydrate (gypsum), with or without additives, typically extruded between thick sheets of facer and backer paper, used in the construction of interior walls and ceilings. It is also known as plasterboard, wallboard, gypsum panel, sheet rock, or gypsum board.

COVID-19 Impact: Residential Development in Some Region to Hinder the Market

The global COVID-19 pandemic has been unprecedented and staggering, with indoor bike trainers experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The market for Drywall Panels was harmed by COVID-19. Due to increased demand from a variety of end-user applications, including residential, commercial, and other sectors, the market has, nevertheless, rebounded substantially.

Short-term market growth is primarily being driven by expanding product demand for residential development and global increases in repair activity.

LATEST TRENDS

"The Rise in Product Demand Driven by Residential Construction to Fuel the Market Growth"

In residential projects, drywall panels are frequently utilized as a covering material for interior walls and ceilings. They are employed as gypsum drywall boards, ornamental plasters, and plasterboards. They are crucial parts of the plasterboards used as linings for walls, ceilings, roofs, and floors as well as partitions. Similar to that, drywall panels have the benefits of being soundproof, shockproof, and humidity resistant while serving the same purposes.

Over the projected period, the worldwide drywall panels marketis anticipated to be driven by the rising demand for residential construction projects. To fulfill the demand for housing, there has been a major undersupply globally.

Drywall Panels Market Segmentation

• By Type Analysis

By type, drywall panels market is segmented into regular drywall panels, mold resistant drywall panels and moisture resistant drywall panels.

The regular drywall panels segment will dominate the market in the coming years.

• By End Users Analysis

Based on end users, the market is classified into Residential Building, Commercial Building and Industrial Building.

The residential building segment will lead the global share through 2028.

DRIVING FACTORS

"The Ease and Adaptability of Using Drywall Panelsis Boosting its Market Growth "

The architecture and construction industry frequently employs drywall panels for a variety of purposes, including decorations, ceiling patterns, dividing walls, acoustic insulation, and many more. These boards' adaptability and ease of use make them ideal for the wide range of applications in the building and construction sector. One of the main factors contributing to the product's increased global popularity is its minimal weight. The use of this panel also

"Building and Construction Industry Growth, Particularly in Emerging Economies, is Fueling Market Expansion "

In growing nations across the world, the building and construction sector is expanding healthily as a result of quickening industrial and economic progress. As a result, the middle class is expanding and families that spend a significant amount on renovation and construction projects, if not brand-new construction projects, are earning more money. The majority of middle-class groups place a high importance on affordable interior design. In order to assist customer’s realize their aspirations for their homes' interiors, drywall panelsenters the picture.

Additionally, global corporations are increasing their presence in developing nations, which is promoting the expansion of this form of board in commercial structures and endeavors. Additionally, making the most of available space is crucial for commercial enterprises, and using drywall panels in partition wall applications is an efficient way to do this.

RESTRAINING FACTORS

"Growing Environmental Concerns and the Implementation of Strict Regulations to Restrain Market Expansion "

Due to wet, airless, and carbon-containing circumstances, drywall panel waste that is thrown into landfills causes the sulfate in the gypsum to transform into deadly hydrogen sulfide. Up to one-fourth of the weight of gypsum or gypsum board can leak this harmful gas into the environment. In addition, the paper in the plasterboard decomposes into methane gas, a dangerous greenhouse pollutant. Globally, this situation is causing significant environmental worries, which has prompted lawmakers to strengthen and apply strict standards. As a result, businesses are looking to recycling to lessen the negative impacts of dumping gypsum. Additionally, the growing expense of gypsum's flue gas desulphurization keeps producers of gypsum and board on edge, compelling them to take control of wallboard waste.

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Drywall Panels Market Regional Insights

"North America’s Global Drywall Panels Market Share to Grow Exponentially"

The drywall panels market growth was largestin North America. comprising the biggest sales share of more than the regional market is distinguished by a strong demand for environmentally friendly building practices, rapid adoption of cutting-edge technology, and the availability of competent labor. Another significant aspect fueling the market expansion is rising residential and commercial building investment in the area. Additionally, the demand is projected to increase during the projection period due to the presence of notable manufacturers in the area.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

LIST OF TOP DRYWALL PANELS COMPANIES

• Etex
• Gold Bond
• Saint-Gobain
• Sheetrock
• Lafargeholcim
• Fiberock Brand
• DRIcore
• ToughRock
• USG Corporation
• DUROCK
• Knauf Gips Kg
• SHEETROCK Brand

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.