plasterboard liner market Report Overview
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The global plasterboard liner market size was USD 5491.5 million in 2021 and is expected to reach USD 8209.9 million by 2028, exhibiting a CAGR of 5.9% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with the plasterboard liner market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
Plasterboard liner, often referred to as gypsum board or drywall, is a versatile building material widely used in construction and interior finishing. It consists of a layer of gypsum plaster sandwiched between two sheets of heavy paper or fiberglass matting. This construction gives plasterboard liner its strength and durability, making it ideal for creating interior walls and ceilings. It is known for its ease of installation and the smooth, even surface it provides for finishing with paint, wallpaper, or other decorative treatments. Plasterboard liner plays a crucial role in modern construction, offering cost-effective solutions for creating interior partitions and surfaces that are both functional and aesthetically pleasing.
The plasterboard liner market growth is currently being driven by several key factors. These include the need for energy-efficient building solutions to reduce carbon emissions, increased investments in the real estate sector, the versatility of plasterboard liners in enhancing acoustic and fire insulation, and a growing preference for sustainable construction materials. Moreover, urbanization and robust construction activities in developing economies further contribute to the market's growth prospects.
COVID-19 Impact: COVID-19 Pandemic Posed Disruptions In The Supply Chain
The COVID-19 pandemic initially impacted the market with disruptions in the supply chain, construction delays, and reduced commercial sector demand in 2020. However, it has since rebounded and is poised for long-term growth. Factors contributing to its recovery and sustained demand include the resurgence of the global construction industry, a rising need for energy-efficient and sustainable buildings, and the versatility and safety features of plasterboard liners. Despite pandemic-related setbacks, these materials remain cost-effective, fire-resistant, and eco-friendly, making them a resilient choice for various construction projects.
Latest Trends
"Growing Demand For Eco-friendly Options Is Supporting The Growth In The Market "
The market is evolving with several notable trends. These include a rising demand for lightweight plasterboard liners, offering ease of installation and suitability for energy-efficient buildings. Eco-friendly options, made from recycled materials and produced with low emissions, are gaining traction as environmental awareness grows. Decorative plasterboard liners are now available in diverse finishes and textures, appealing for stylish interior designs. Moreover, the market is expanding in developing countries, driven by urbanization and increased construction activities. Additionally, advancements in technology have led to improved acoustic and thermal insulation properties in some plasterboard liners. With these trends and technological innovations, the market is poised for continued growth in the coming years.
plasterboard liner market Segmentation
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- By Type Analysis
According to type, the market can be segmented into plasterboard liner face, plasterboard liner back. Plasterboard liner face is anticipated to be the leading segment.
- By Application Analysis
Based on application, the market can be divided into walls, ceilings and others.
Walls will be dominating segment.
Driving Factors
"Increasing Demand For Energy-Efficient Buildings Materials Will Significantly to Boost Market Growth "
Enhancing energy efficiency in buildings is vital, with benefits extending to reducing energy consumption and emissions. This can be achieved through insulation and the mitigation of air leakage in building envelopes. Improved insulation helps maintain comfortable temperatures year-round, minimizing the need for excessive heating and cooling, resulting in notable energy savings. Given that buildings account for a significant portion of global energy consumption and carbon emissions, prioritizing energy efficiency is crucial. Utilizing cost-effective and sustainable building materials, such as plasterboard liners, can effectively contribute to this goal. Their ease of installation and versatility across various building applications make them a valuable resource for more eco-friendly and energy-efficient construction practices.
"Growing Demand For Sustainable Building Materials Will Significantly to Fuel Market Growth "
Sustainable building materials, like plasterboard liners, offer numerous advantages for environmentally responsible construction. To begin, they are manufactured using gypsum, an abundant natural resource. Furthermore, their recyclability ensures that they can be repurposed for new plasterboard liners at the end of their life cycle. Additionally, these materials play a crucial role in improving energy efficiency within buildings, resulting in long-term cost savings. With the construction industry responsible for a substantial portion of global energy-related carbon emissions and solid waste, the adoption of sustainable options like plasterboard liners contributes significantly to reducing the environmental impact of construction. Their versatility and cost-effectiveness make them a valuable choice for creating energy-efficient and eco-friendly buildings.
Restraining Factors
"High Raw Material Cost to Restricts The Market Growth"
Challenges facing the market include high raw material costs, consumer awareness gaps, and competition from other building materials. To counter these issues, manufacturers can negotiate cost-effective gypsum supply contracts and explore innovative production technologies. Increasing consumer awareness can be achieved through targeted marketing campaigns highlighting the benefits of plasterboard liners, such as energy efficiency and sustainability. Moreover, staying competitive entails developing cost-effective plasterboard liner options with enhanced features like improved soundproofing and fire resistance. These strategies are key to ensuring the continued growth and meeting the rising demand for eco-friendly and energy-efficient building materials in the market.
plasterboard liner market Regional Insights
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"Asia Pacific to Lead the Market owing to Increasing Demand For Energy-Efficient Construction"
Asia Pacific region commands a significant majority share in the market. Its prominent position is attributed to factors such as rapid urbanization, government endorsements of sustainable building materials, and the boost from rising disposable incomes, all of which propel construction activity and the demand for cost-effective, versatile plasterboard liners. Within this region, one particular market leads the way, representing over 30% of the regional market share. This market is set for substantial growth, driven by noteworthy government investments in infrastructure, increasing demand for commercial buildings, and a strong emphasis on energy-efficient construction. The entire Asia Pacific region, as well as this specific market, is expected to experience significant expansion in the foreseeable future.
Key Industry Players
"Key Players Focus on Investments In Innovative Technologies To Gain a Competitive Advantage "
Key players in the market are actively pursuing strategies to secure and expand their market presence and maintain plasterboard liner market share. These strategies encompass investments in innovative technologies to enhance production efficiency and product quality, leading to cost reductions and more competitive offerings.
Diversification of product portfolios enables them to cater to a wider range of customer needs. Expanding into new markets and forging strategic partnerships within the construction industry contribute to increased sales and comprehensive solutions for their clientele. For instance, companies like Gyproc are focusing on improving the energy efficiency of their plasterboard liners and developing enhanced acoustic and fire-resistant products. Knauf is expanding its offerings to include lightweight and eco-friendly options, while also venturing into emerging markets. USG Boral is strengthening its supply chain through strategic collaborations with homebuilders and developers. These key players are poised to continue these efforts to maintain and enhance their market positions.
List of Market Players Profiled
- SCG Packaging (Thailand)
- Visy (Australia)
- WEIG-Karton (Germany)
- DS Smith (U.K.)
- Hamburger Containerboard (Germany)
- Alier (Spain)
Report Coverage
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 5491.5 Million in 2021 |
Market Size Value By |
US$ 8209.9 Million by 2028 |
Growth Rate |
CAGR of 5.9% from 2021 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the plasterboard liner market expected to touch by 2028?
Based on our research the plasterboard liner market is expected to reach USD 8209.9 million in 2028.
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What CAGR is the plasterboard liner market expected to exhibit by 2028?
The plasterboard liner market is expected to exhibit a CAGR of 5.9% by 2028.
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Which are the driving factors of the plasterboard liner market?
Growing demand for sustainable building materials and energy-efficient buildings materials are the main driving factors of the plasterboard liner market.
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Which are the top companies operating in the plasterboard liner market?
The top key players in the plasterboard liner market are SCG Packaging, Visy, WEIG-Karton, DS Smith, Hamburger Containerboard and Alier.