PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515523
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515523
Asia Pacific Gypsum Board Market, By Product, By Thickness, By Application, By Country - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
REPORT HIGHLIGHT
Asia Pacific Gypsum Board Market was valued at USD 17,989.24 million in 2023, expanding at a CAGR of 14.5% from 2024 to 2032.
Gypsum board, also known as drywall, plasterboard, or wallboard, consists of a panel composed of calcium sulfate dihydrate (gypsum) sandwiched between thick sheets of facer and backer paper. It is commonly utilized in the construction of interior walls and ceilings. Gypsum board falls under the category of gypsum panel products, which encompass various building materials. While all gypsum panel products have gypsum cores, they can be covered with different materials such as paper and fiberglass mats. These boards are crucial building materials extensively employed in the construction sector due to their adaptability, ease of installation, and numerous advantageous characteristics.
Asia Pacific Gypsum Board Market- Market Dynamics
The Asia Pacific Gypsum Board market is expected to experience growth due to rapid urbanization and industrialization in the region, which will result in a higher need for residential and commercial construction.
The Asia Pacific region is witnessing a consistent rise in urban populations, leading to the need for the creation of new residential and commercial areas. In 2022, China's urban population reached 897,578,430, marking a 1.66% increase from the previous year, as reported by the World Bank group. Numerous nations in the Asia Pacific region are currently experiencing rapid industrialization, which is fueling economic expansion and a heightened need for contemporary construction materials. China's industrial output grew by 5.6% year-on-year in May 2024, falling short of market projections for a 6% increase and decelerating from the 6.7% growth recorded in the prior month, according to the National Bureau of Statistics of China. Additionally, the latest interior design trends and the necessity for refurbishing existing structures are creating opportunities for the utilization of gypsum boards. Nevertheless, the market growth may be impeded by Raw Material Costs
Asia Pacific Gypsum Board Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 14.5% over the forecast period (2024-2032)
Based on Product segmentation, Wallboard was predicted to show maximum market share in the year 2023
Based on Application segmentation, the Residential Sector was the leading type in 2023
Based on Countries, China was the leading revenue generator in 2023
Asia Pacific Gypsum Board Market- Segmentation Analysis:
The Asia Pacific Gypsum Board Market is segmented based on Product, Thickness, Application, and Country.
The market is segmented into three categories according to Product: Wallboard, Ceiling Board, Pre-decorated Board, and Other. The Wallboard segment holds the largest market share. The Asia Pacific gypsum board market, specifically wallboard applications, plays a crucial role in the construction industry of the region.
The market is segmented into three groups according to Thickness: 1/2-inch, 5/8-inch, and Other Thicknesses. The thickness of gypsum boards plays a crucial role in determining their performance, longevity, and appropriateness for particular construction needs.
The market is segmented into four categories according to Application: Residential Sector, Institutional Sector, Industrial Sector, and Commercial Sector. The dominant sector in the market is the Residential Sector. Gypsum boards also referred to as drywall or plasterboard, play a vital role in the residential construction sector throughout the Asia Pacific region. They are extensively utilized for a variety of interior applications in homes because of their versatility, ease of installation, and performance characteristics.
Asia Pacific Gypsum Board Market- Geographical Insights
The examination of the Asia Pacific Gypsum Board market encompasses nations like India, China, South Korea, Japan, Australia, Thailand, Indonesia, and the Philippines, in addition to the remaining countries in the Asia Pacific (APAC) region. China dominates the Gypsum Board Market with the largest market share, attributed to the instant industrialization in developing economies. The strong economic expansion in China has spurred rapid industrialization, leading to the establishment of various factories, warehouses, and industrial complexes.
Asia Pacific Gypsum Board Market- Competitive Landscape:
The competitive landscape of the gypsum board market in Asia Pacific is characterized by intense competition among major players, driven by technological advancements, high product standards, efficient distribution channels, and strong customer support. Success in this industry requires a strong emphasis on creativity, originality, and effective implementation of marketing strategies. Companies need to focus on penetrating emerging markets and taking advantage of growth opportunities in urbanization and infrastructure development. Those who can innovate, differentiate, and manage their market strategies effectively are poised to succeed in this competitive environment.
Recent Developments:
On September 2023, the high-grade gypsum board line with a capacity of 50,000,000m2 per year in Huainan, owned by Beijing New Building Materials (Group) Co., Ltd. (BNBM), a subsidiary of CNBM listed on the A-share market, commenced trial production. The event was accompanied by the unveiling ceremony of the largest gypsum board industry group in the world.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
ASIA PACIFIC GYPSUM BOARD MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHT
China National Building Material Company Limited (CNBM)
KCC Corporation
Knauf Gips KG
Saint-Gobain Gyproc
Beijing New Building Material (Group) Co., Ltd.
BGC Pty. Ltd.
CHIYODA UTE Co., Ltd.
Georgia-Pacific Gypsum LLC
Jason Plasterboard (Jiaxing) Co. Ltd.
Yoshino Gypsum Co., Ltd.
Others
ASIA PACIFIC GYPSUM BOARD MARKET, BY PRODUCT - MARKET ANALYSIS, 2019 - 2032
Wallboard
Ceiling Board
Pre-decorated Board
Others
ASIA PACIFIC GYPSUM BOARD MARKET, BY THICKNESS- MARKET ANALYSIS, 2019 - 2032
1/2-inch
5/8-inch
Other Thicknesses
ASIA PACIFIC GYPSUM BOARD MARKET, BY APPLICATION - MARKET ANALYSIS, 2019 - 2032
Residential Sector
Institutional Sector
Industrial Sector
Commercial Sector
ASIA PACIFIC GYPSUM BOARD MARKET, BY COUNTRY- MARKET ANALYSIS, 2019 - 2032
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Table of Contents
1. Asia Pacific Gypsum Board Market Overview
- 1.1. Study Scope
- 1.2. Market Estimation Years
2. Executive Summary
- 2.1. Market Snippet
- 2.1.1. Asia Pacific Gypsum Board Market Snippet by Product
- 2.1.2. Asia Pacific Gypsum Board Market Snippet by Thickness
- 2.1.3. Asia Pacific Gypsum Board Market Snippet by Application
- 2.1.4. Asia Pacific Gypsum Board Market Snippet by Country
- 2.2. Competitive Insights
3. Asia Pacific Gypsum Board Key Market Trends
- 3.1. Asia Pacific Gypsum Board Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
- 3.2. Asia Pacific Gypsum Board Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
- 3.3. Asia Pacific Gypsum Board Market Opportunities
- 3.4. Asia Pacific Gypsum Board Market Future Trends
4. Asia Pacific Gypsum Board Industry Study
- 4.1. PEST Analysis
- 4.2. Porter's Five Forces Analysis
- 4.3. Growth Prospect Mapping
- 4.4. Regulatory Framework Analysis
5. Asia Pacific Gypsum Board Market: COVID-19 Impact Analysis
- 5.1. Pre-COVID-19 Impact Analysis
- 5.2. Post-COVID-19 Impact Analysis
- 5.2.1. Top Performing Segments
- 5.2.2. Marginal Growth Segments
- 5.2.3. Top Looser Segments
- 5.2.4. Marginal Loss Segments
6. Asia Pacific Gypsum Board Market Landscape
- 6.1. Asia Pacific Gypsum Board Market Share Analysis, 2023
- 6.2. Breakdown Data, by Key Manufacturer
- 6.2.1. Established Players' Analysis
- 6.2.2. Emerging Players' Analysis
7. Asia Pacific Gypsum Board Market - By Product
- 7.1. Overview
- 7.1.1. Segment Share Analysis, By Product, 2023 & 2032 (%)
- 7.1.2. Wallboard
- 7.1.3. Ceiling Board
- 7.1.4. Pre-decorated Board
- 7.1.5. Others
8. Asia Pacific Gypsum Board Market - By Thickness
- 8.1. Overview
- 8.1.1. Segment Share Analysis, By Thickness, 2023 & 2032 (%)
- 8.1.2. 1/2-inch
- 8.1.3. 5/8-inch
- 8.1.4. Other Thicknesses
9. Asia Pacific Gypsum Board Market - By Application
- 9.1. Overview
- 9.1.1. Segment Share Analysis, By Application, 2023 & 2032 (%)
- 9.1.2. Residential Sector
- 9.1.3. Institutional Sector
- 9.1.4. Industrial Sector
- 9.1.5. Commercial Sector
10. Asia Pacific Gypsum Board Market- By Geography
- 10.1. Introduction
- 10.1.1. Segment Share Analysis, By Geography, 2023 & 2032 (%)
- 10.2. Asia Pacific (APAC)
- 10.2.1. Overview
- 10.2.2. Asia Pacific Gypsum Board Key Manufacturers in Asia Pacific
- 10.2.3. Asia Pacific Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 10.2.4. Asia Pacific Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 10.2.5. Asia Pacific Market Size and Forecast, By Thickness, 2019 - 2032 (US$ Million)
- 10.2.6. Asia Pacific Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.7. India
- 10.2.7.1. Overview
- 10.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.7.3. India Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 10.2.7.4. India Market Size and Forecast, By Thickness, 2019 - 2032 (US$ Million)
- 10.2.7.5. India Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.8. China
- 10.2.8.1. Overview
- 10.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.8.3. China Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 10.2.8.4. China Market Size and Forecast, By Thickness, 2019 - 2032 (US$ Million)
- 10.2.8.5. China Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.9. Japan
- 10.2.9.1. Overview
- 10.2.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.9.3. Japan Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 10.2.9.4. Japan Market Size and Forecast, By Thickness, 2019 - 2032 (US$ Million)
- 10.2.9.5. Japan Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.10. South Korea
- 10.2.10.1. Overview
- 10.2.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.10.3. South Korea Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 10.2.10.4. South Korea Market Size and Forecast, By Thickness, 2019 - 2032 (US$ Million)
- 10.2.10.5. South Korea Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.11. Australia
- 10.2.11.1. Overview
- 10.2.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.11.3. Australia Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 10.2.11.4. Australia Market Size and Forecast, By Thickness, 2019 - 2032 (US$ Million)
- 10.2.11.5. Australia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.12. Thailand
- 10.2.12.1. Overview
- 10.2.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.12.3. Thailand Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 10.2.12.4. Thailand Market Size and Forecast, By Thickness, 2019 - 2032 (US$ Million)
- 10.2.12.5. Thailand Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.13. Indonesia
- 10.2.13.1. Overview
- 10.2.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.13.3. Indonesia Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 10.2.13.4. Indonesia Market Size and Forecast, By Thickness, 2019 - 2032 (US$ Million)
- 10.2.13.5. Indonesia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.14. Philippines
- 10.2.14.1. Overview
- 10.2.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.14.3. Philippines Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 10.2.14.4. Philippines Market Size and Forecast, By Thickness, 2019 - 2032 (US$ Million)
- 10.2.14.5. Philippines Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 10.2.15. Rest of APAC
- 10.2.15.1. Overview
- 10.2.15.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.15.3. Rest of APAC Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 10.2.15.4. Rest of APAC Market Size and Forecast, By Thickness, 2019 - 2032 (US$ Million)
- 10.2.15.5. Rest of APAC Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
11. Key Vendor Analysis- Asia Pacific Gypsum Board Industry
- 11.1. Competitive Dashboard
- 11.2. Company Profiles
- 11.2.1. China National Building Material Company Limited (CNBM)
- 11.2.2. KCC Corporation
- 11.2.3. Knauf Gips KG
- 11.2.4. Saint-Gobain Gyproc
- 11.2.5. Beijing New Building Material (Group) Co., Ltd.
- 11.2.6. BGC Pty. Ltd.
- 11.2.7. CHIYODA UTE Co., Ltd.
- 11.2.8. Georgia-Pacific Gypsum LLC
- 11.2.9. Jason Plasterboard (Jiaxing) Co. Ltd.
- 11.2.10. Yoshino Gypsum Co., Ltd.
- 11.2.11. Others
12. 360 Degree Analyst View
13. Appendix
- 13.1. Research Methodology
- 13.2. References
- 13.3. Abbreviations
- 13.4. Disclaimer
- 13.5. Contact Us
List of Tables
- TABLE List of data sources
- TABLE Market drivers; Impact Analysis
- TABLE Market restraints; Impact Analysis
- TABLE Asia Pacific Gypsum Board Market: Product Snapshot (2023)
- TABLE Segment Dashboard; Definition and Scope, by Product
- TABLE Asia Pacific Gypsum Board Market, by Product 2019-2032 (USD Million)
- TABLE Asia Pacific Gypsum Board Market: Thickness Snapshot (2023)
- TABLE Segment Dashboard; Definition and Scope, by Thickness
- TABLE Asia Pacific Gypsum Board Market, by Thickness 2019-2032 (USD Million)
- TABLE Asia Pacific Gypsum Board Market: Application Snapshot (2023)
- TABLE Segment Dashboard; Definition and Scope, by Application
- TABLE Asia Pacific Gypsum Board Market, by Application 2019-2032 (USD Million)
- TABLE Asia Pacific Asia Pacific Gypsum Board Market, by Country, 2019-2032 (USD Million)
List of Figures
- FIGURE Asia Pacific Gypsum Board Market Segmentation
- FIGURE Market research methodology
- FIGURE Value chain analysis
- FIGURE Porter's Five Forces Analysis
- FIGURE Market Attractiveness Analysis
- FIGURE COVID-19 Impact Analysis
- FIGURE Pre & Post COVID-19 Impact Comparision Study
- FIGURE Competitive Landscape; Key company market share analysis, 2023
- FIGURE Product segment market share analysis, 2023 & 2032
- FIGURE Product segment market size forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Thickness segment market share analysis, 2023 & 2032
- FIGURE Thickness segment market size forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Application segment market share analysis, 2023 & 2032
- FIGURE Application segment market size forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Asia Pacific Asia Pacific Gypsum Board Market share and leading players, 2023
- FIGURE Asia Pacific Asia Pacific Gypsum Board Market share analysis by country, 2023
- FIGURE India Asia Pacific Gypsum Board Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE China Asia Pacific Gypsum Board Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Japan Asia Pacific Gypsum Board Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE South Korea Asia Pacific Gypsum Board Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Australia Asia Pacific Gypsum Board Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Thailand Asia Pacific Gypsum Board Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Indonesia Asia Pacific Gypsum Board Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Philippines Asia Pacific Gypsum Board Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Rest of APAC Asia Pacific Gypsum Board Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
