Drywall Building Plaster Market Scope and Overview, To Develop with Increased Global Emphasis on Industrialization 2030 By RIvalid until: 01 Dec 2023date published: 01 Dec 2022
The most recent published by Reports & Insights termed as “Drywall & Building Plaster Market: Opportunity Analysis and Future Assessment 2022-2030” provides exclusive information about the market, covering in-depth data about future market opportunities and prospects along with the possible challenges. It further mentions recent trends and impact of various factors which affects the growth of Drywall & Building Plaster Market. Moreover, the report also thoroughly states about the leading players competing in the market for the interest of its readers.
The global drywall & building plaster market in 2020 is estimated for more than US$ 83.2 Mn and expected to reach a value of US$ 126.4 Mn by 2028 with a significant CAGR of 5.4%.
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Drywall & Building Plaster Introduction
Drywall, also known as wallboard, gypsum board, or plasterboard, is a panel manufactured from calcium sulfate dihydrate (gypsum), with or without additives; and is normally pressed in between a facer and a backer, which is thick sheets of paper. These drywalls a widely used to make ceilings and interior walls. On the other hand, a plaster is a mixture of fiber, plasticizer, foaming agent and other additives that focuses on lowering the water absorption, reducing mildew problems and improves the fire resistance property.
Drywall & Building Plaster Market Dynamics
The increasing count of the population across the globe is further increasing the demand for living spaces and privacy among the residents. This has resulted in the elevating demand for drywall and building plasters in building and construction market. In addition, the factors like increasing disposable income and growing demand for interior designing of the residential properties, hotels, educational institutes, etc. are also responsible for fuelling the growth of this market. However, drywalls are delicate in nature and hence they have a risk of being damaged, which is the major concerning factor that hampers the growth of this market.
The global drywall & building plaster market is expected to increase at a significant CAGR over the forecast period owing to the increasing urbanization and growing building and construction industries, globally. The market is also fueled by the increasing need for fire-resistant, shock-proof and sound-proof walls. However, the lack of skilled manpower for the installation may obstruct the growth of drywall and build plaster market.
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