The Asia Pacific Gypsum Board Market would witness market growth of 9.9% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 16,010.6 million units (PER SQ FT), showcasing a growth of 9.0% (2019-2022).
The demand for enhanced acoustics and soundproofing solutions has driven the adoption of gypsum boards, especially in commercial and industrial settings. Gypsum boards effectively reduce sound transmission between spaces, making them ideal for applications where privacy and noise control are critical, such as office spaces, educational institutions, and healthcare facilities. This acoustic property enhances the overall appeal of gypsum boards in construction projects where acoustic performance is a priority. Gypsum boards provide a smooth and versatile surface for various decorative finishes. This aesthetic flexibility contributes to their adoption in projects where design and visual appeal are significant considerations. The report has considered the fire-resistant Type-X boards for the estimation of the market. As the new installations of gypsum board requires the board to be extra fire-resistant, Type-X boards come with these features additional known for its finishing and asthetics appeal. Whether used for creating seamless walls, intricate ceiling designs, or artistic installations, gypsum boards offer architects and designers the freedom to achieve diverse aesthetic goals.
Gypsum boards are commonly used to construct interior walls in residential and commercial buildings. Their smooth surface offers an excellent base for paint or wallpaper, contributing to a clean and finished appearance. Gypsum boards are extensively employed in ceiling applications. They are used to create suspended ceilings, providing a versatile and aesthetically pleasing way to conceal structural elements and utilities. Gypsum board ceilings also allow for integrating lighting fixtures, air vents, and other components.
The trend of constructing high-rise buildings and skyscrapers in urban areas requires lightweight, efficient, and adaptable materials in Asia Pacific. The emphasis on sustainable construction practices in urban areas aligns with using gypsum boards in the Asia Pacific. Gypsum boards with recycled content and environmentally friendly production methods contribute to green building initiatives in urban construction projects in the Asia Pacific. Therefore, due to the above-mentioned factors, the gypsum board market will grow significantly in this region.
The China market dominated the Asia Pacific Gypsum Board Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $12,256.4 Million by 2030. The Japan market is registering a CAGR of 9.3% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 10.6% during (2023 - 2030).
Free Valuable Insights: The Global Gypsum Board Market is Predict to reach $ 98.7 Billion by 2030, at a CAGR of 9.6%
Based on Application, the market is segmented into Residential, Institutional, Commercial, Industrial and Pre-engineered Metal Buildings. Based on Product, the market is segmented into Wallboard, Ceiling Board, Pre-decorated Board and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Application (Volume, Million Units (PER SQ FT), USD Billion, 2019-2030)
By Product (Volume, Million Units (PER SQ FT), USD Billion, 2019-2030)
By Country (Volume, Million Units (PER SQ FT), USD Billion, 2019-2030)
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