Drywall Building Plasters Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region

The drywall and building plaster market is experiencing a significant surge, with Latin America emerging as a pivotal region driving growth. Recent trends indicate a shifting focus towards lightweight, fire-resistant, and soundproof construction materials, with drywall leading the charge in various sectors.

Rising Demand in Diverse Sectors

In recent years, drywall has witnessed a surge in demand across diverse sectors, ranging from residential properties to commercial establishments like hotels, restaurants, and educational institutes. Its lightweight nature, coupled with fire-resistant properties, has made it a preferred choice for construction requirements in hotels and shopping complexes. Moreover, in residential properties, drywalls are proving critical in enhancing aesthetic appeal, managing interior heat through thermal insulation, and enabling quick interior customization options.

Limitations Spur Search for Alternatives

Despite its advantages, drywall comes with inherent limitations that are prompting stakeholders to explore alternatives. Issues such as susceptibility to damage, skilled manpower requirements for installation, and challenges related to humidity and fungi growth have led to a quest for more beneficial options. Alternatives like Wahoo walls and textured wall panels are gaining traction for their ease of installation, superior heat resistance, and aesthetic appeal, presenting viable alternatives to traditional drywall.

Market Dynamics and Growth Opportunities

The drywall and building plaster market is witnessing a notable upswing, driven by multiple applications and increasing construction activities across Latin America. Brazil, in particular, stands out as a key player, dominating the region's market with rapid growth in the plasterboard sector. Construction activities in countries like Argentina, Chile, Mexico, and Peru further contribute to the market's expansion, signaling immense growth potential.

Strategic Investments in Latin America

Recognizing the strategic importance of Latin America, major players in the global drywall and building plaster market are actively investing in the region. Establishing new manufacturing units and expanding sales and distribution networks are top priorities for industry leaders like Saint-Gobain, Etex, and Knauf. Collaborations with local distributors and suppliers are facilitating increased market penetration, bolstering sales volumes in key strategic countries.

Brazil's Dominance and Growth Trajectory

Brazil's robust economy and burgeoning construction sector position it as a powerhouse in the Latin America drywall and building plaster market. Accounting for approximately half of the market share, Brazil's dominance is projected to strengthen further, reaching 55% by the end of 2031. With a massive 200 BPS growth anticipated, Brazil's market presence remains formidable, while Mexico and the rest of Latin America are expected to experience slight declines.

Gypsum Segment: Driving Force of Growth

In the building plaster market, the gypsum segment emerges as a key growth driver, particularly in the Latin America market. Expected to gain momentum over the forecast period, the gypsum segment is poised to secure a significant market share. With a projected steady growth rate, this segment offers promising opportunities for stakeholders aiming to leverage market expansion.

Competitive Analysis

Some key companies are

• Knauf Gips KG
• Compagnie de Saint-Gobain S.A.
• Etex S.A.
• USG Corporation
• Fermacell
• Gyptec Iberica
• Georgia-Pacific
• National Gypsum Properties, LLC
• USG Boral Building Products
• PABCO Building Products, LLC
• American Gypsum Company LLC
• ROCKWOOL International A/S
• Continental Building Products
• LafargeHolcim
• Winstone Wallboards Limited
• China National Building Material Company Limited
• Kingspan Group plc.
• Yoshino Gypsum Co., Ltd.
• Supress Products, LLC
• Lime Green Products Ltd
• Others

Market Segmentation

Product Type

• Drywall
• Building Plaster
• Gypsum
• Lime
• Cement

Application

• Residential
• Wholesale & Retail Buildings
• Offices
• Academic & Educational Buildings
• Hotels & Restaurants
• Others

Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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