Global Building Products (Including Drywall) Market Size By Product Type (Plaster, Renders), By End-User (Residential, Commercial), By Geographic Scope And Forecast

Building Products (Including Drywall) Market Size And Forecast

Building Products (Including Drywall) Market size was valued at USD 45.51 Billion in the year 2024 and is projected to reach USD 65.2 Billion by 2031, growing at a CAGR of 5.07% from 2024 to 2031.

The rapid increase of construction activity throughout the world is boosting the global market for drywall and building plaster. With the number of construction businesses expected to grow around the globe, drywall-based building approaches are anticipated to evolve. This is predicted to significantly improve the market for drywall and construction plasters. The Global Building Products (Including Drywall) Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Building Products (Including Drywall) Market Definition

A Building Product is a fundamental component in the building of a house, office space, or public meeting place. Appliances, bathrooms, doors, elevators, flooring, furniture, kitchen, interior electricals, roofing, drywall, and so on are examples of construction product goods. The use of high-quality building materials may alter the overall appearance, atmosphere, and feel of a room, increasing the property’s value.

The primary cause for this industry’s remarkable growth is a rise in an individual’s discretionary income in both developed and developing nations; more and more people are seeking better living and working conditions, which propels this market even further. China, India, and Singapore are the largest users of building materials in the Asia-Pacific area.

Global Building Products (Including Drywall) Market Overview

Drywall is increasingly being utilized instead of plaster since it involves less time and manpower, which may translate to lower pricing. Because of the moisture content of the boards, drywall reduces noise and offers fire resistance. One of the primary drivers of the building materials industry’s growth is the rising global need for more lasting construction. The need for private and commercial infrastructure grows in tandem with the population. Furthermore, the increase in construction spending has a significant influence on the growth of the global building goods market throughout the predicted period. Market growth in associated markets such as paints and grey cement has a medium to high influence on market growth.

GDP growth has a moderate impact on the growth of the construction products industry. Construction spending has the biggest weightage (52.3 percent), whereas GDP growth has a lesser weightage of 19.2 percent. Additionally, the telecom, urban infrastructure, oil and gas, and railway industries all contribute to this strong development by creating a major percentage of construction activity, and this trend is projected to continue in the future years. However, in addition to the positives, the market has faced significant headwinds, such as the impact of Brexit, Greece’s potential withdrawal from the EU, and Brazil’s continued downturn.

Global Building Products (Including Drywall) MarketSegmentation Analysis

The Global Building Products (Including Drywall) Market is segmented on the basis of Product Type, End-User, And Geography.

Building Products (Including Drywall) Market, By Product Type

• Plaster• Renders• Skim Coats• Filling Compound

Based on Product Type, The market is segmented into Plaster, Renders, Skim Coats, and Filling Compound. Cement plaster, lime plaster, and gypsum plaster are the three types of Plaster. Skimming is a plastering technique that involves applying a thin coat of plaster to a wall. It is often used to level the surface of an existing plaster. Rendering, on the other hand, refers to the process of adding a layer of cement to the property’s external wall to make the surface smooth or textured as required.

Building Products (Including Drywall) Market, By End-User

• Residential• Commercial• Industrial

Based on End-User, The market is segmented into Residential, Commercial, and Industrial. Over the projection period, the burgeoning construction sector and rising demand for multi-family and single-family house development in emerging nations are expected to boost demand for building goods (including drywall). The rising trend of making innovations and improvements in building structures due to the products’ ability to offer innovative texture and designs on the surface is likely to increase demand for high-end construction applications, which can also be considered a major factor for the growth of the Global Building Products (Including Drywall) Market.

Building Products (Including Drywall) Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Geography, The Global Building Products (Including Drywall) Market is classified into North America, Europe, Asia Pacific, and the Rest of the world During the projected period, the Asia Pacific region is predicted to increase at a faster rate. This tremendous development and domination can be ascribed to rising nations such as China and India’s burgeoning building sectors. The Asia Pacific area is considered to be an attractive region with more market potential.

Key Players

The “Global Building Products (Including Drywall) Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are PPG Industries, Ardex, Knauf Gips KG, PCI Group, Parex Group SA, Mapei S.P.A., Toupret, Caparol, Ceresit, Rockwool International A/S, China National Building Material Company.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In September 2021, American Gypsum, a maker, supplier, and distributor of gypsum wallboard products in the United States, has received Eagle County clearance for a 99.2-acre expansion of its 830-acre mine, providing a 25-year materials reserve for the Gypsum-based firm. This is anticipated to help the corporation strengthen its market position.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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