The latest report by IMARC Group, titled “North America Gypsum Board Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,“ offers a comprehensive analysis of the industry, which comprises insights into the North America gypsum board market outlook report. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The North America gypsum board market size reached 2.9 Billion Sq. Meters in 2023. Looking forward, IMARC Group expects the market to reach 3.6 Billion Sq. Meters by 2032, exhibiting a growth rate (CAGR) of 2.6% during 2024-2032.
North America Gypsum Board Market Overview:
Gypsum board, commonly known as drywall, wallboard, or plasterboard, is a panel made of calcium sulfate dihydrate (gypsum) with or without additives, typically extruded between thick sheets of facer and backer paper. It is used in the construction of interior walls and ceilings. The primary types of gypsum board include regular gypsum board, fire-resistant gypsum board, moisture-resistant gypsum board, and gypsum fiber board, each catering to specific requirements and applications. The advantages of using gypsum board in construction are manifold; it is cost-effective, easy to install, and provides a smooth surface for painting or wallpapering. Additionally, gypsum board offers fire resistance, sound insulation, and durability, making it a preferred choice for modern building designs.
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North America Gypsum Board Market Trends:
The North America market is majorly fueled by the robust construction industry in the region. Additionally, the rise in residential and commercial construction activities, driven by economic growth and increased urbanization, is a significant driver for the demand for gypsum boards. Furthermore, the trend towards sustainable and green building practices is elevating the demand for eco-friendly gypsum board products, which are recyclable and have a lower environmental impact. Technological advancements in gypsum board manufacturing, aimed at improving the product's performance and its resistance to fire, moisture, and mold, are also contributing to market growth. Along with this, government regulations promoting energy-efficient buildings are encouraging the adoption of high-performance gypsum boards in construction projects. The market is also benefiting from the increasing preference for cost-effective and time-efficient dry construction methods over traditional wet construction techniques. Furthermore, ongoing investments in infrastructure development and renovation projects are creating a positive market outlook.
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Key Market Segmentation:
Key Regions Analysed
United States
Canada
Mexico
Analysis for Each Country
Market by Product Type
Wallboard
Ceiling Board
Pre-decorated Board
Others
Market by End-Use
Residential
Corporate
Commercial
Institutional
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
Competitive Structure
Key Player Profiles
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
Market Performance (2018-2023)
Market Outlook (2024-2032)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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