Updated: Oct 1, 2020
According to expert market research (EMR), with the volume of construction output expected to grow by 85% to USD 15.5 trillion worldwide by 2030, with three countries, China, US, and India, leading the way and accounting for 57% of the total growth, the drywall market is projected to see further growth during the forecasted period of 2020-2025. The construction industry in North America alone is expected to grow at a CAGR of 4-5% in the coming years.
The primary driver for the drywall market is the growing construction activity in the emerging economies, especially in Asia-Pacific, which represents the leading industry for drywalls globally. The rising repair and renovation activities in the developed countries are expected to add further impetus to the drywall market.
Drywall, also known as wallboard, plasterboard, and gypsum board are panels made of gypsum, used to construct walls and ceiling. Drywall is preferred over plaster as it is easy to install, cost-efficient, durable, and easy to repair. It is less expensive, not just because it takes less time to install but also because gypsum is easily available and not expensive to mine. It tends to be fire-resistant as well and helps to reduce noise infiltration.
Below was the comparison of different types of drywall material such as Magnesium Oxide Board, Calcium Silicate Board, Fiber Cement Board, Gypsum Board, Plywood, or Oriented Strand Board which commonly used in the drywall market.
After all, which types of drywall do you prefer?
Each type of drywall material has its own specifications' pros and cons which solely depends on the usage of the user. However, we must emphasize the jointing solution that connects each piece of board to form a perfect wall without cracks in the future.
The jointing solution system below was able to meet the requirement for all types of the board mentioned.
Find out more here for the product solution.
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