Increasing Investments in the Construction Sector in Emerging Economies of Asia-Pacific
The construction sector in emerging economies of the 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, 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. Hence, such investments and planned projects are expected to drive the market for gypsum boards in the coming years.
Residential Sector – A Huge Market Potential
By application, the residential sector occupied the largest share in 2017 and is also expected to be the fastest growing market during the forecast period. Gypsum boards are used in the houses for the walls (wall boards), ceilings (ceiling boards), exterior sheathing, fire-resistant partitions, and membranes, etc. Single-layer gypsum boards are the most common in the residential sector. Due to the low-cost and lesser construction time required, the demand for these boards in the residential sector is increasing significantly. Hence, the residential sector holds huge market potential for the gypsum board market.
North America to Dominate the Market
North America stands to be the largest market for gypsum board. In North America, the United States dominates the market. In the United States, with the growing trend of multi-family building, and rise in migration to cities, the US Census Bureau has been providing more permits for the construction of new residential buildings, which is likely to drive the market for gypsum boards in the country. However, the Asia-Pacific region holds great potential for growth. China is likely to register the highest growth in the region during the forecast period, which is expected to be driven by the increasing investments, and growing construction projects in the country.
Major Players: USG Corporation, Saint-Gobain, Georgia-Pacific, BNBM group, and Continental Building Products, among others.
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1.1 Scope of the Report
1.2 Study Assumptions
1.3 Study Deliverables
1.4 Research Phases
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of the Suppliers
3.2.2 Bargaining Power of the Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 Increasing Investments in Construction Sector in Emerging Economies of Asia-Pacific
4.1.2 Repair Activities in Developed Nations
4.2.1 Prone to Water Damage
4.3.1 Rapid Growth of Construction Sector
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 Gypsum Board Market by Type
5.1.1 Wall Board
5.1.2 Ceiling Board
5.1.3 Pre-Decorated Board
5.2 Gypsum Board Market by Thickness
5.2.3 Other Thicknesses
5.3 Gypsum Board Market by Application
5.3.1 Residential Sector
5.3.2 Institutional Sector
5.3.3 Industrial Sector
5.3.4 Commercial Sector
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1.4 South Korea
6.1.5 ASEAN Countries
6.1.6 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.5 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share/Ranking Analysis
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
8.1 American Gypsum
8.2 BGC (Australia) PTY Ltd
8.3 USG Corporation (KNAUF)
8.4 Beijing New Building Material Public Limited Company (BNBM Group)
8.5 Chiyoda Ute Co. Ltd
8.6 Continental Building Products
8.7 Everest Industries Limited
8.9 Global Gypsum Board Co. LLC (Gypcore)
8.10 Jason Plasterboard (Jiaxing) Co. Ltd
8.11 PABCO Building Products LLC
8.13 Osman Group
8.15 USG Boral
8.16 Knauf Gips KG
8.17 VANS Gypsum
**Subject to Availability on Public Domain
- American Gypsum
- BGC Plasterboard
- CGC Inc.
- China National Building Material Company Limited
- Chiyoda Ute Co. Ltd.
- CONTINENTAL BUILDING PRODUCTS
- Everest Industries Limited
- Global Gypsum Board Co LLC
- Gypsum Factory
- Jason plasterboard Co. Ltd.
- PABCO Building Products LLC.
- Qatari Gypsum
- Shri Giriraj Trading Co..
- USG Zawawi Drywall LLC SFZ
- USG Corporation
- VANS Gypsum Pvt. Ltd.