Gypsum Board Forecasts 2024-2029 [Yahoo! Finance]
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Source: Yahoo! Finance
The global gypsum board market is predicted to grow at a CAGR of 6.84% during the forecast period (2024-2029) Gypsum board, commonly referred to as plasterboard, is the main building material for wall, ceiling, and partition systems in houses, schools, and commercial buildings due to its fire-resistance intrinsic composition. Gypsum products are designed to give a monolithic surface when joints and fastener heads are treated with a joint treatment system. They also offer sound control, economy, adaptability, quality, and convenience. GLOBAL GYPSUM BOARD MARKET DRIVERS: The construction of new buildings greatly impacts the gypsum board industry. With increased urbanization and a growing population, housing and infrastructure projects being the result, gypsum boards have emerged as necessary construction materials in buildings. Moreover, the growth of commercial spaces such as offices, shopping streets, and healthcare units increases demand for gypsum boards, which create funct
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