Global Gypsum Board market is expected to grow with 12.23% CAGR by 2024-29.
Gypsum board, also known as drywall, plasterboard, or wallboard, is a construction material that is widely used in modern buildings for creating interior walls and ceilings. It has become the standard choice for interior finishing due to its affordability, ease of installation, versatility, and fire-resistant properties. Gypsum board is composed of a core made from gypsum, a soft sulfate mineral, sandwiched between two sheets of thick paper or other facing materials. The gypsum core is treated with additives to enhance its strength, moisture resistance, and fire resistance. The board is available in various thicknesses, typically ranging from 6.4mm to 15.9mm, depending on the application and building codes. Gypsum board is used primarily for creating interior walls and ceilings in residential, commercial, and institutional buildings. It serves as a surface for painting, wallpapering, or applying other finishes. Additionally, gypsum board is used for creating decorative elements such as arches, columns, and coffered ceilings. Specialized types of gypsum board, such as moisture-resistant and fire-resistant varieties, are available for use in areas like bathrooms, kitchens, and garages. Regular gypsum board offers inherent fire resistance, while Type X gypsum board is enhanced with special core additives for increased fire resistance. These boards are used for a variety of purposes, including wall and ceiling surfaces, base for tiles, exterior sheathing, and fire-resistant layers in buildings.
The construction industry is a key driver of gypsum board demand. As the global population continues to grow, the need for residential, commercial, and institutional buildings are increasing. Urbanization and infrastructure development projects contribute to the demand for gypsum board, as it is a cost-effective and versatile material for interior construction. Gypsum board is an affordable material, making it an economical option for large-scale construction projects. It is more budget-friendly than other alternatives, such as plaster, and its ease of installation reduces labor costs. Builders and contractors prefer using gypsum board for its overall cost savings. The material is lightweight and can be easily cut to size, making it simple to handle and install. Additionally, the process of attaching, taping, and mudding gypsum board is straightforward, allowing for efficient construction timelines. Gypsum board's inherent fire-resistant properties make it a preferred choice for interior construction. The gypsum core contains water molecules, which, when exposed to heat, release water vapor and help slow the spread of fire. This characteristic enhances building safety and compliance with fire safety regulations. Gypsum board provides a level of sound insulation, reducing noise transmission between rooms. This makes it a desirable material for both residential and commercial projects, where noise control is essential for comfort and productivity.
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