The Latest Plasterboard Industry Statistics Explained
The global plasterboard market was valued at nearly 24.4 billion in 2020.
The statistic that the global plasterboard market was valued at nearly 24.4 billion in 2020 indicates the total monetary worth of plasterboard products traded and sold around the world during that year. This figure provides a snapshot of the size and economic significance of the plasterboard market on a global scale. The value of 24.4 billion reflects the collective revenue generated by manufacturers, distributors, and retailers within the industry. It also serves as a key metric for assessing the market’s growth, trends, and overall performance, offering insights into the demand for construction materials, housing activities, and infrastructure development on an international level.
The plasterboard market is set to grow at a compound annual growth rate (CAGR) of 3.6% from 2021 to 2028.
This statistic indicates that the plasterboard market is projected to expand steadily over the period of 2021 to 2028, with a compound annual growth rate (CAGR) of 3.6%. This means that on average, the market is expected to increase by 3.6% each year during this timeframe. The CAGR provides a smoothed annual growth rate that reflects the geometric progression of growth over multiple periods, making it a useful metric for evaluating consistent growth trends in the market. The projected growth suggests increasing demand and opportunities within the plasterboard industry, likely driven by factors such as construction projects, renovation activities, and overall economic developments influencing the market positively.
North America accounted for a significant share of the global plasterboard market in 2020.
The statistic ‘North America accounted for a significant share of the global plasterboard market in 2020’ indicates that the North American region had a noteworthy presence and influence in the worldwide plasterboard industry during that year. This suggests that a large portion of the plasterboard market’s activities, such as production, consumption, or trade, originated from or were focused on North America. The region likely played a key role in shaping market trends, driving innovation, and contributing to the overall growth and development of the plasterboard sector on a global scale in 2020.
Europe and Asia Pacific are projected to experience significant growth in the plasterboard market due to increased construction activities.
The statistic suggests that both Europe and Asia Pacific regions are expected to witness notable expansion in the plasterboard market primarily because of heightened construction activities. This growth trend signifies a surge in demand for plasterboard products in these regions as construction projects become more prevalent. The increased construction activities are likely driven by factors such as urbanization, population growth, infrastructure development, and rising disposable incomes, all of which contribute to the need for residential, commercial, and industrial structures. As a result, the plasterboard market is anticipated to flourish in Europe and Asia Pacific as construction industries in these regions continue to thrive.
The residential segment led the plasterboard market in 2020 and is anticipated to maintain its dominance over the forecast period.
The statement suggests that the residential segment held the largest share of the plasterboard market in 2020, indicating that most plasterboard sales were for residential construction purposes during that year. Furthermore, the residential segment is predicted to continue dominating the market for the foreseeable future, implying that residential construction projects are expected to drive the demand for plasterboard over the upcoming period. This forecast could be based on factors such as population growth, urbanization trends, housing market conditions, or governmental policies supporting residential construction. Overall, the statement highlights the importance of the residential segment in the plasterboard market and its expected continued significance in the industry.
Market value of gypsum in the United States from 2012 to 2019 came to around 1.7 billion US dollars in 2019.
The statistic indicates that the market value of gypsum in the United States experienced a notable increase over the period from 2012 to 2019, reaching approximately 1.7 billion US dollars in 2019. Gypsum is an important mineral widely used in construction, agriculture, and other industries. The rising market value suggests an increasing demand for gypsum-based products in the US economy during this time frame. Factors contributing to this growth could include a booming construction sector, advancements in agricultural practices utilizing gypsum, and overall economic expansion. This statistic highlights the significance of gypsum as a valuable commodity in the US market and reflects the industry’s positive performance during the specified period.
In 2020, the price of gypsum in the United States was an average of about 8.6 US dollars per metric ton.
The statistic indicates that in 2020, the average price of gypsum in the United States was approximately 8.6 US dollars per metric ton. Gypsum is a commonly used mineral in construction, agriculture, and various industrial applications. The average price provides insight into the market conditions and trends related to gypsum supply and demand in the country during that year. This information can be valuable for industry stakeholders, policymakers, and researchers to understand the cost dynamics of gypsum and its potential impact on related sectors. Additionally, tracking the price of gypsum over time can help analyze market fluctuations, identify patterns, and make informed decisions regarding production, pricing, and investments in the gypsum industry.
In 2020, the U.S. produced some 20 million metric tons of gypsum.
In 2020, the United States produced approximately 20 million metric tons of gypsum, indicating a significant level of production in the construction and manufacturing industries. Gypsum is a widely used mineral in various applications, including construction materials such as drywall, plaster, and cement. The substantial production of gypsum in the U.S. suggests a robust demand for construction materials and infrastructure development during that year. This statistic reflects the importance of gypsum as a fundamental material in the building and construction sectors, highlighting the economic activity and growth in the industry during 2020.
Gypsum board or plasterboard consumption in the U.S. amounted to 38.35 million metric tons in 2020.
The statistic that gypsum board or plasterboard consumption in the U.S. amounted to 38.35 million metric tons in 2020 signifies the significant volume of this construction material used in the country during that year. Gypsum board, often known as drywall or plasterboard, is a widely used material in the construction industry for interior walls and ceilings due to its affordability, ease of installation, and fire-resistant properties. The sheer amount consumed indicates a robust construction sector and overall economic activity, with a high demand for residential and commercial building projects that rely on gypsum board for interior finishes. This statistic highlights the scale of the construction industry and the importance of gypsum board as a key building material within the U.S. economy.
In 2020, some 450,000 metric tons of gypsum were recycled in the U.S.
In 2020, the statistic stating that 450,000 metric tons of gypsum were recycled in the U.S. reflects the significant effort towards sustainability and resource conservation within the construction and manufacturing industries. Gypsum is a crucial material used in construction for products such as drywall, and recycling it reduces the need for extracting new raw materials, thereby lowering environmental impacts. This statistic indicates a positive trend towards circular economy practices and highlights the growing awareness and implementation of recycling initiatives to reduce waste and promote a more sustainable approach to resource management in the United States.
Total consumption of gypsum in India was about 28.25 million metric tons in 2020.
The statistic that the total consumption of gypsum in India was approximately 28.25 million metric tons in 2020 signifies the significant role that gypsum plays in various industries within the country. Gypsum is a versatile mineral used in construction, agriculture, and industrial processes due to its properties such as fire resistance, insulation, and soil conditioning. The high consumption of gypsum indicates a robust demand for construction materials like plaster, drywall, and cement, as well as agricultural fertilizers and industrial applications. This statistic reflects the scale of economic activities that rely on gypsum in India and highlights its importance in sustaining growth and development across multiple sectors.
Thouusnds of people employed in drywall, plaster, acoustic & insulation contractor industry U.S. 2010-2020 amounting to more than 156K people.
The statistic indicates that over a ten-year period from 2010 to 2020, the drywall, plaster, acoustic, and insulation contractor industry in the United States employed more than 156,000 individuals. This data highlights the substantial workforce within this specific sector and suggests significant employment opportunities within these trades during this period. The statistic underscores the industry’s importance in providing jobs and contributing to the broader economy, serving as a key player in the construction and building materials sector. The steady employment figures over the decade imply stability and demand for skilled workers in these fields, reflecting the industry’s essential role in the construction and renovation sectors in the United States.
Brittish Gypsum, a leading manufacturer of plasterboard in the UK, can process some 230,000 tonnes of paper for recycling a year.
The statistic provided states that British Gypsum, a prominent manufacturer of plasterboard in the UK, has the capacity to recycle approximately 230,000 tonnes of paper per year. This indicates the company’s commitment to sustainability and environmental responsibility by diverting a significant amount of paper waste from landfills and utilizing it in the production of plasterboard. The large quantity of paper processed for recycling reflects British Gypsum’s dedication to minimizing their environmental impact and promoting a circular economy. By recycling such a substantial amount of paper annually, the company demonstrates their efforts towards resource efficiency and waste reduction in their manufacturing processes.
In China, the gypsum board production volume has grown at an average rate of 11.4% per annum from 2005 to 2015.
The statistic provided indicates that the production volume of gypsum board in China has experienced significant growth over the 10-year period from 2005 to 2015, with an average annual growth rate of 11.4%. This implies that the manufacturing of gypsum board in China has steadily increased each year at a relatively high rate, reflecting a strong and sustained demand for this construction material during that period. Such consistent growth can be indicative of overall economic development and infrastructure expansion in the country, with increased construction activities driving the demand for gypsum board products. This statistic highlights the dynamic nature of the construction industry in China and underscores the importance of gypsum board as a key material in the building sector during this period.
Australia possesses a small gypsum industry. The total market demand in 2010 was 640,000 tonnes.
The statistic indicates that Australia’s gypsum industry is relatively small in scale, likely suggesting that gypsum production and distribution in the country is limited compared to other industries. The fact that the total market demand for gypsum in 2010 was 640,000 tonnes implies that there is a demand for gypsum within the country, but it is not a substantial or dominant industry. This statistic may suggest that Australia may rely more heavily on importing gypsum to meet its demand rather than producing it domestically. The size of the market demand provides insight into the scope and significance of the gypsum industry within Australia’s overall economy.
The Middle East and Africa markets for gypsum board are expected to increase by 6.4% by 2026.
The statistic stating that the Middle East and Africa markets for gypsum board are expected to increase by 6.4% by 2026 indicates a projected growth in the demand and consumption of gypsum board products in the region. This growth rate suggests that there is a positive outlook for the gypsum board industry in the Middle East and Africa, potentially driven by factors such as increasing construction activities, infrastructure development, and urbanization trends. The forecasted 6.4% increase signifies a healthy expansion in market size and consumer demand for gypsum board products within the specified geographical regions, potentially presenting opportunities for industry players to capitalize on this growth through strategic planning and market positioning to meet the anticipated market needs and preferences.
Demand for plasterboard in infrastructure development in Asia Pacific expected to reach US$ 10,758.1 Mn by the end of 2024.
The statistic indicates the projected demand for plasterboard in infrastructure development within the Asia Pacific region by the end of 2024, estimated at US$ 10,758.1 million. This figure represents the anticipated market size and value of plasterboard products that are expected to be required for various construction projects, such as residential, commercial, and industrial infrastructures, across countries in Asia Pacific. The rising demand for plasterboard is likely driven by ongoing urbanization, increasing construction activities, and infrastructure development projects in the region. The statistic serves as a market forecast to provide insight into the future growth and opportunities within the plasterboard industry in Asia Pacific over the specified timeframe.
Standard board (Plasterboard) dominated the market share by over 33% in the year 2017.
The statistic, “Standard board (Plasterboard) dominated the market share by over 33% in the year 2017,” indicates that standard board, also known as plasterboard, held a significant share of the market compared to other types of boards or construction materials in 2017. Specifically, the market share of standard board exceeded that of its competitors by more than 33%, showcasing its popularity and widespread use in the construction industry during that year. This dominance suggests that standard board was the preferred choice among consumers and contractors for various construction and renovation projects, highlighting its significance and impact on the market during that time.
Conclusion
The plasterboard industry statistics offer valuable insights into the trends, challenges, and opportunities within the market. By analyzing key data points such as production volumes, consumption patterns, and market share, industry stakeholders can make informed decisions to drive growth and innovation. Understanding these statistics is crucial for businesses looking to stay competitive and thrive in the dynamic plasterboard market.
References
0. – https://www.www.statista.com
1. – https://www.www.futuremarketinsights.com
2. – https://www.www.british-gypsum.com
3. – https://www.www.bccresearch.com
4. – https://www.www.mordorintelligence.com
5. – https://www.www.igrain.com.au
6. – https://www.www.grandviewresearch.com
