Growing number of hotels which require ceiling panels with aesthetics benefits the Wallboard Market.
According to MarketIntelReports' “Global and Chinese Wallboard Industry, 2017 Market Research Report”:
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Wallboard can be defined as a panel which is made up of Calcium Sulphate Dihydrate(Gypsum) without additives. It is pressed between thick sheets of paper known as facer and backer.
It is used in the making of interior walls and ceilings. The drywall plasterboard is mixed with fiber, foaming agent, plasticizer, and other additives.
Growing manufacturing and construction industry will elevate the growth of the Wallboard Market. Increasing industrialization and population growth also lead to the growth of wallboard tools.
They are used in the interior surfacing of buildings. The market has applications in residential, commericial, and institutional segments.
Scope & Regional Forecast of the Wallboard Market
Asia Pacific dominates the Wallboard Market in the coming years. China is the leading producer of wood wallboards.
Its usage of the product in the residential construction is low when compared to the commercial construction, where the products are used for ceilings and non load bearing walls.
Ceiling boards is the fastest growing products segment in the future. They improve the thermal and sound insulation in buildings at a low cost, while giving a good strength and high rigidity.
Increasing number of hotels and commercial constructions drive the growth of the segment which leads to more demand for sheetrock plasterboard.
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The gypsum board ceiling is becoming popular in the industrial applications due to its features like fire resistance, time sensitivity, weight reduction, and structural integrity. It is a replacement for the conventional products.
Predecorated boards are used in construction projects due to their low maintenance and easy installation properties. This reduces their cost.
The cement plasterboard is influenced by the machinery cost and raw materials. Larger corporations are expected to compete a lot to gain a foothold in the market.
Segmentations & Key Players Involved in the Wallboard Market
The Wallboard Market can be broken down into various segments as follows:
- Region- North America, Europe, China, Japan, Southeast Asia, Japan.
Some of the key players involved in the Wallboard Market are as follows:
- Global Mining Company LLC
- Knauf Dubai
- Saint Gobain Gyproc
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