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Asia-Pacific Gypsum Board Market - Growth, Trends, and Forecast (2019 - 2024)

  • ID: 4771841
  • Report
  • Region: Asia Pacific
  • 130 pages
  • Mordor Intelligence
UP TO OFF
until Dec 31st 2019
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FEATURED COMPANIES

  • BGC (Australia) PTY Ltd
  • Chiyoda Ute Co. Ltd
  • Georgia-Pacific
  • KCC Corporation
  • Knauf Gips KG
  • Saint-Gobain
  • MORE
Market Overview

The Asia-Pacific gypsum board market is expected to register a CAGR of 6.79 % during the forecast period, 2019 – 2024. Major factor driving the market studied is the increasing investment in the construction sector in the emerging economies of Asia-Pacific. Gypsum board inability to perform in water is expected to hinder the growth of the market studied.
  • The demand from the residential sector dominated in 2018, and is expected to grow at rapid rate, owing to the new residential construction and repair activities in the developing economies.
  • Increasing investment in the construction sector is likely to act as an opportunity in the future.
  • China dominated the market across the region with the largest consumption. The value-added output of the construction industry in the country reached CNY 5.57 trillion (approximately USD 816.6 billion) in 2017. According to the National Bureau of Statistics (NBS), the Chinese construction sector is rapidly developing, with an average annual growth of 16.6%.
Key Market Trends

Increasing Investments in the Construction Sector in the Emerging Economies of Asia-Pacific
  • The construction sector in the emerging economies of Asia-Pacific region has been growing rapidly.
  • The housing authorities of Hong Kong have launched a number of measures to push-start the construction of low-cost housing. The authorities have projected a capital expenditure of HKD 23,923 million in construction, in its proposed budget for 2018-19, i.e., 7% higher than the budget allotted for the fiscal year 2017, in order to the construct more affordable apartments.
  • The China New Urbanization project 2014-2020 has also been initiated by the government, in order to provide social housing to migrants, as well as, to expand the existing urban facilities in major cities.
  • Similarly, the Indian construction sector is growing at a tremendous rate (approximately 7%-8%), with urbanization projects and new construction activities, such as bridges, dams, roads, railways (metro rails), urban infrastructures, buildings, and others.
  • The 100% FDI in the construction sector has also supported the industry growth, and the government initiative ‘Housing for All by 2022’ is supporting the new construction activities in the country.
  • In addition, the country is likely to witness an investment of around USD 1.3 trillion in housing, over the next seven years, during which, the country is likely to witness the construction of 60 million new homes. The availability of affordable housing is expected to rise by around 70% by 2024 in India.
  • These factors are likely to contribute positively to the demand for gypsum board in the region.
China is Expected to Dominate the Market
  • The steady growth in the higher-quality investments in and out of China supported the ongoing upgrade and transformation of the nation’s economy in 2018. The reforms announced by the Chinese government are aimed at supporting foreign investments in the country, enhancing supervision, regulating the market conduct, deepening financial system reforms, and improving the management of cross-border investment flows, in order to encourage two-way cash flow and connectivity of capital.
  • In spite of the volatile growth in real estate, the significant development of rail and road infrastructure by the government, to facilitate the expanding industrial and service sectors, has resulted in the expansion of the construction industry in China in the recent years.
  • Moreover, in China, the housing authorities of Hong Kong launched a number of measures to push-start the construction of low-cost housing.
  • The authorities projected a capital expenditure of HKD 23,923 million (for the construction of more affordable apartments) in its budget for 2018-2019, which is 7% higher than the budget allotted for the financial year 2017.
  • This growth and investments in the construction industry are expected to add up to the demand for gypsum board during the forecast period.
Competitive Landscape

The Asia-Pacific gypsum board market is consolidated, with top five players accounting for more than 70% in the market. The major companies include Beijing New Building Material (Group) Co. Ltd, USG Boral, Yoshino Gypsum Co. Ltd, Saint-Gobain, KCC Corporation, and Knauf, among others.
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • BGC (Australia) PTY Ltd
  • Chiyoda Ute Co. Ltd
  • Georgia-Pacific
  • KCC Corporation
  • Knauf Gips KG
  • Saint-Gobain
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Investment in the Construction Sector in the Emerging Economies
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Prone to Water Damage
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Price Analysis

5 MARKET SEGMENTATION
5.1 Type
5.1.1 Wall Board
5.1.2 Ceiling Board
5.1.3 Pre-decorated Board
5.2 By Thickness
5.2.1 1/2-inch
5.2.2 5/8-inch
5.2.3 Other Thicknesses
5.3 Application
5.3.1 Residential Sector
5.3.2 Institutional Sector
5.3.3 Industrial Sector
5.3.4 Commercial Sector
5.4 Geography
5.4.1 China
5.4.2 India
5.4.3 Japan
5.4.4 South Korea
5.4.5 Thailand
5.4.6 Philippines
5.4.7 Vietnam
5.4.8 Rest of Asia-Pacific

6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Beijing New Building Material (Group) Co. Ltd
6.4.2 BGC (Australia) PTY Ltd
6.4.3 USG Boral
6.4.4 Yoshino Gypsum Co. Ltd
6.4.5 Chiyoda Ute Co. Ltd
6.4.6 Saint-Gobain
6.4.7 Everest Industries Limited
6.4.8 Georgia-Pacific
6.4.9 Jason Plasterboard (Jiaxing) Co. Ltd
6.4.10 Knauf Gips KG
6.4.11 VANS Gypsum
6.4.12 KCC Corporation

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Future Investment in the Construction Sector
7.2 Other Opportunities
Note: Product cover images may vary from those shown
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  • Beijing New Building Material (Group) Co. Ltd
  • BGC (Australia) PTY Ltd
  • USG Boral
  • Yoshino Gypsum Co. Ltd
  • Chiyoda Ute Co. Ltd
  • Saint-Gobain
  • Everest Industries Limited
  • Georgia-Pacific
  • Jason Plasterboard (Jiaxing) Co. Ltd
  • Knauf Gips KG
  • VANS Gypsum
  • KCC Corporation
Note: Product cover images may vary from those shown
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