Gypsum Board Market Size To Reach $54.12 Billion By 2022: Grand View Research, Inc.: Market Size - $21.74 bn in 2014, Market Growth - CAGR of 11.4%, Market Trends – Growing demand for sustainable construction in developed regions
Global gypsum board market was valued at USD 21.74 billion in 2014. Increasing construction spending in emerging markets of Asia Pacific, Middle East & Africa and Latin America is a key driving factor for industry growth over the forecast period.
Drywall (gypsum board) is being widely used owing to properties such as fire resistance, sound attenuation, and durability. It is mainly used as the surface layer of interior walls and ceilings; as a base for the ceramic, plastic, and metal tile; for exterior soffits; for the elevator and other shaft enclosures; as area separation walls between building units; and to provide fire protection for structural elements.
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