Plasterboard Market set to hit $110.5 billion by 2035, as green shift in plasterboard production spurs transformation
Industry revenue for Plasterboard is estimated to rise to $110.5 billion by 2035 from $28.8 billion of 2024. The revenue growth of market players is expected to average at 13.0% annually for period 2024 to 2035. Plasterboard is critical across several key applications, including Wall & Ceiling Construction, Thermal Insulation, Acoustic Insulation and Fire Protection. The report unwind growth & revenue expansion opportunities at Product Type, End-User, Market Channel and Raw Material with industry revenue Forecast.
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Industry Leadership and Competitive Landscape
The Plasterboard market is characterized by intense competition, with a number of leading players such as Saint-Gobain, Knauf, USG Corporation, Georgia-Pacific and Boral. These players are pushing the boundaries of innovation & technological advancements and forging strategic partnerships to expand the existing reach of the market, thereby shaping its growth trajectory and future prospects by enlarging the total addressable market.
The Plasterboard market is projected to expand substantially, driven by the Increasing Construction Activities and Sustainable Building Techniques. This growth is expected to be further supported by Industry trends like Technological Advancements; and position the market's continued expansion to reach $60.0 billion by 2030. Moreover, the key opportunities, such as Emergence of Eco-Friendly Solutions, Rise in Prefabricated Construction and innovative applications in interior design, are anticipated to create opportunistic revenue pockets in major demand hubs including U.S., China and Germany.
Major Markets and Emerging Opportunities
The U.S., China, Germany, UK and Australia are leading the market, driving a significant share of global demand. Businesses in these countries can expect steady revenue growth of 11.7% to 15.6% annually from 2024 to 2035. At the same time, Vietnam, Nigeria and Indonesia are emerging as exciting new opportunities, with fast-growing markets and evolving industry landscapes creating fresh avenues for expansion.
Regional Shifts and Evolving Supply Chains
North America and Europe are the two most active and leading regions in the market. With challenges like Intensifying Competition and stringent environmental regulations, market Supply Chains from Raw Material Production / Gypsum Mining & Manufacturing / Plasterboard Manufacturing and to Distribution & Sales is expected to evolve & expand further; and industry player’s will be pushed to make strategic shifts towards emerging markets including Vietnam, Nigeria and Indonesia for expansion of the total addressable market (TAM).
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