Drywall & Building Plasters Market Worth US$ 54.6 billion by 2027, growing at a CAGR of 3.3% - Exclusive Report by Persistence Market Research

Drywall & Building Plasters Market

The global drywall and building plasters market was valued at US$ 42.9 billion in 2020 and is projected to reach US$ 54.6 billion by 2027, growing at a CAGR of 3.3% from 2021 to 2027. The Asia-Pacific region is the largest market for drywall and building plasters, with China being the biggest consumer. North America and Europe are also significant markets, with the United States and Germany being the largest consumers, respectively.

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The global drywall and building plasters market has been growing steadily in recent years. The demand for these products is driven by the growth in the construction industry, particularly in emerging markets, as well as the increasing popularity of do-it-yourself (DIY) home improvement projects. Drywall and building plasters are used for interior and exterior walls and ceilings, and for a variety of decorative and functional purposes.

Segmentation:

The global drywall and building plasters market can be segmented based on product type, application, and region.

Based on product type, the market can be segmented into gypsum, lime, cement, and others. The gypsum segment dominates the market, owing to its low cost and ease of installation.

Based on application, the market can be segmented into residential and non-residential. The non-residential segment is the largest and fastest-growing, owing to the increasing demand from commercial and industrial construction.

Regional Analysis:

The Asia-Pacific region dominates the global drywall and building plasters market, owing to the high demand from China, India, and Southeast Asian countries. The region is expected to continue to dominate the market during the forecast period, owing to the increasing urbanization and rising construction activities in the region. North America and Europe are also significant markets, owing to the increasing demand from the residential and commercial construction sectors.

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Key Players: The global drywall and building plasters market is highly competitive, with a few dominant players and several small and medium-sized players. The key players in the market include 

𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬-

• 𝐊𝐧𝐚𝐮𝐟 𝐆𝐢𝐩𝐬 𝐊𝐆
• 𝐂𝐨𝐦𝐩𝐚𝐠𝐧𝐢𝐞 𝐝𝐞 𝐒𝐚𝐢𝐧𝐭-𝐆𝐨𝐛𝐚𝐢𝐧 𝐒.𝐀.
• 𝐄𝐭𝐞𝐱 𝐒.𝐀.
• 𝐔𝐒𝐆 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧
• 𝐅𝐞𝐫𝐦𝐚𝐜𝐞𝐥𝐥
• 𝐆𝐲𝐩𝐭𝐞𝐜 𝐈𝐛𝐞𝐫𝐢𝐜𝐚
• 𝐆𝐞𝐨𝐫𝐠𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜
• 𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐆𝐲𝐩𝐬𝐮𝐦 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐢𝐞𝐬, 𝐋𝐋𝐂
• 𝐔𝐒𝐆 𝐁𝐨𝐫𝐚𝐥 𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬
• 𝐏𝐀𝐁𝐂𝐎 𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬, 𝐋𝐋𝐂
• 𝐀𝐦𝐞𝐫𝐢𝐜𝐚𝐧 𝐆𝐲𝐩𝐬𝐮𝐦 𝐂𝐨𝐦𝐩𝐚𝐧𝐲 𝐋𝐋𝐂
• 𝐑𝐎𝐂𝐊𝐖𝐎𝐎𝐋 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐀/𝐒
• 𝐂𝐨𝐧𝐭𝐢𝐧𝐞𝐧𝐭𝐚𝐥 𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬
• 𝐋𝐚𝐟𝐚𝐫𝐠𝐞𝐇𝐨𝐥𝐜𝐢𝐦
• 𝐖𝐢𝐧𝐬𝐭𝐨𝐧𝐞 𝐖𝐚𝐥𝐥𝐛𝐨𝐚𝐫𝐝𝐬 𝐋𝐢𝐦𝐢𝐭𝐞𝐝
• 𝐂𝐡𝐢𝐧𝐚 𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥 𝐂𝐨𝐦𝐩𝐚𝐧𝐲 𝐋𝐢𝐦𝐢𝐭𝐞𝐝
• 𝐊𝐢𝐧𝐠𝐬𝐩𝐚𝐧 𝐆𝐫𝐨𝐮𝐩 𝐩𝐥𝐜.
• 𝐘𝐨𝐬𝐡𝐢𝐧𝐨 𝐆𝐲𝐩𝐬𝐮𝐦 𝐂𝐨., 𝐋𝐭𝐝.
• 𝐒𝐮𝐩𝐫𝐞𝐬𝐬 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬, 𝐋𝐋𝐂
• 𝐋𝐢𝐦𝐞 𝐆𝐫𝐞𝐞𝐧 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐋𝐭𝐝
• 𝐎𝐭𝐡𝐞𝐫𝐬

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Conclusion:

The global drywall and building plasters market is growing steadily, driven by the increasing demand from the construction industry and the popularity of DIY home improvement projects. The market is highly competitive, with a few dominant players and several small and medium-sized players. The Asia-Pacific region is the largest and fastest-growing market, owing to the increasing demand from China, India, and Southeast Asian countries. The market is expected to continue to grow during the forecast period, owing to the increasing urbanization and rising construction activities worldwide.

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