Drywall and building plaster market
Drywalls are panels made of gypsum plaster pressed between thick sheets of paper. They are used for interior walls and ceilings in residential and non-residential buildings as a faster alternative to traditional plaster.
The increasing demand from construction activities in the U.S. and China is expected to drive a rise in demand for drywall and building plaster. After the economic turndown between 2008 to 2011 in the U.S. and Europe, the market is expected to revive in both regions. There is a significant increase in repair and maintenance of residential building activities in the U.S. and Western Europe which in turn is expected to increase demand for drywall and building plaster.
The drywall and building construction market can be segmented into two key end-user segments; residential construction and non-residential construction. Globally, the residential construction segment is projected to see faster growth owing to the increased demand for housing in urban areas across all regions. Non-residential construction activities are also increasing at an above average rate in emerging BRICS nations as well as in the Middle East and Africa.
Demand from North America, especially the U.S. and Western Europe are projected to grow rapidly. Asia Pacific, Eastern Europe, Latin America, Middle East and Africa are projected to show above average demand growth due to increased residential construction activity. Drywall use is expected to increase in residential construction owing to its rising popularity. However, the building plasters segment is expected to lose share because of the slower construction process and higher expense of wet construction methods.
Some of the major manufacturers include BNBM (China), USG (US), Saint- Gobain (France), Knauf (Germany) and Etex (Belgium). These players account for approximately half the global drywall and building plaster market supply.
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