Chapter 2: RRL

Gypsum Board
(To edit in RRL, Gypsum Board Part)
Gypsum products also provide economic-advantage, sound control, quality, versatility,
convenience and quality.

Demand
Gypsum wallboards are highly utilized in construction applications and this sector is accounted
for more than 50% of the overall volume of gypsum boards that are produced around the world.
It is mostly used in creating interior walls, partitions for offices and shops, and other commercial
and residential applications.

The global market size of gypsum board was estimated to be at USD 37.25 billion in 2018, and
is projected to witness a CAGR of 11.4% from 2019 to 2025. Rapidly expanding manufacturing
and construction industries owing to exponential GDP growth in emerging markets such as
India, Mexico, Brazil, Indonesia, and Thailand is expected to be a key factor driving industry
growth.

The rise of industrialization and population growth have also led to a massive increase in living
standards and income levels which increases demand for better infrastructure facilities both in
residential as well as commercial & institutional segments.

Expanding investments by the governments, foreign corporations, and local companies,

because of the rising urban shift in developing nations and growing number of high-rise
residential buildings in developing markets, it is also assumed that these will contribute to the
growth of the market in the future.
(Source: https://www.grandviewresearch.com/industry-analysis/gypsum-board-market
Published Date: May, 2019, Base Year for Estimate: 2018, Report ID: 978-1-68038-722-3,
Historical Data: 2014 - 2017)

(Projected Demand of Gypsum 2014-2025 (Million Square Meters, Source:

https://www.grandviewresearch.com/industry-analysis/ HYPERLINK
"https://www.grandviewresearch.com/industry-analysis/gypsum-board-market"gypsum-board-
market)