Plasterboard Market Industry Leaders & New Revenue Pockets

According to the new research report "Plasterboard Market by Type (Standard, Fire-Resistant, Sound-insulated, Moisture-Resistant, Thermal, Specialist, Impact-Resistant), Form (Tapered-Edged and Square-Edged), End-Use Sector, and Region - Global Forecast to 2021", The plasterboard market size is estimated to grow from USD 18.07 Billion in 2016 to USD 23.85 Billion by 2021, at a CAGR of 5.7% between 2016 and 2021.

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Browse 163 market data tables and 47 figures spread through 201 pages and in-depth TOC on “Plasterboard Market”

Year 2014 Witnessed Several Mergers & Acquisitions in the Plasterboard Market by Key Players to Expand their Product & Service Portfolios

Plasterboard is an extensively used building material, which can be defined as a thin rigid board, in the form of a layer of gypsum core compressed between two thick sheets of recycled paper, used for forming and covering walls and ceilings. It is also referred to as a wallboard or drywall as it involves a dry construction process for its installation. MarketsandMarkets projects that the plasterboard market size will grow from USD 18.07 Billion in 2016 to USD 23.85 Billion by 2021, at a compound annual growth rate (CAGR) of 5.7% from 2016 to 2021. The increase in demand for plasterboard from the residential sector is driving the growth of the plasterboard market.

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The key players in the plasterboard market are Armstrong World Industries Inc. (U.S.), Etex Group (Belgium), Saint-Gobain S.A. (France), Gypsum Management and Supply, Inc. (U.S.), USG Corporation (U.S.), Georgia Pacific LLC (U.S.), Boral Limited (Australia), KNAUF Gips KG (Germany), Fletcher Building Limited (New Zealand), LafargeHolcim Ltd. (Switzerland), and National Gypsum Company (U.S.). Other players in the plasterboard market include Mada Gypsum Company (Saudi Arabia), Beijing New Building Material Group (China), Gypsemna (UAE), Gyprock (Australia), Siniat Ltd (U.K.), Ayhaco Gypsum Products (UAE), Ahlstrom Corporation (Finland), Tai Shah Gypsum Co. (China), Yoshino Gypsum Co., Ltd. (Japan), Tanzania Gypsum Limited (Tanzania), Atiskan Gypsum Products Co Inc. (Turkey), Jason Plasterboard Co. Ltd. (China), and Gyptec Iberica (Portugal). These players adopted various strategies to expand their global presence and increase their market share. Mergers & acquisitions, expansions, partnerships, agreements, joint ventures & collaborations, and new product launches are some of the major strategies adopted by the market players to achieve growth in the plasterboard market.

The year 2014 witnessed several mergers & acquisitions in the plasterboard market by key players to expand their product & service portfolios and improve their distribution network through the means of vertical acquisitions. Expansions was the second-most adopted key strategy by market players in order to expand their geographical reach to untapped markets. The increase in demand for plasterboard, coupled with high development in the construction industry in emerging markets has encouraged companies to adopt this strategy.

USG Corporation (U.S.), is a leading manufacturer and distributor of gypsum plasterboard and related products for remodeling and construction industries. The company offers a range of products for use in residential and non-residential construction as well as products used in certain industrial processes. In 2014, the company entered into a strategic alliance with Zawawi Group of Oman. The aim was to meet the increasing demand for wallboard products in the Middle East and India. The alliance had two defined phases; the first phase was to establish a mining joint venture, in which USG acquired 55% of Zawawi Gypsum. The second phase was entering in a 50:50 joint venture in manufacturing wallboards.

Etex Group (Belgium) offers a wide range of products such as cladding and building products, roofing, ceramic tiles, fire protection, and insulation solutions. In 2016, the company acquired the business of Lafarge Gypsum South Africa and was able to offer full building solutions. The aim was to be able to meet the demand of the South African market. In 2015, Etex started a new plasterboard plant in Lima, Peru with the aim to further expand in the Latin American countries.