The Europe Gypsum Board Market would witness market growth of 9.3% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 6,165.0 million units (PER SQ FT), showcasing a growth of 8.5% (2019-2022).
Gypsum boards are preferred for constructing partition walls in residential and commercial spaces. They offer a lightweight, cost-effective solution for dividing larger areas into functional and customizable sections. Gypsum boards are used as exterior sheathing to enhance buildings’ thermal insulation and moisture resistance. This application contributes to energy efficiency and helps protect the structure from the elements. Gypsum boards play a crucial role in creating false ceilings or drop ceilings. 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. This design element not only conceals structural components but also allows for integrating various services like lighting, air conditioning, and sound systems.
Due to their inherent fire-resistant properties, gypsum boards are widely used to construct fire-rated assemblies. These assemblies are essential for meeting building code requirements and enhancing the overall fire safety of structures. Gypsum boards contribute to soundproofing solutions in construction. They are utilized in spaces where noise control is critical, such as recording studios, theatres, and residential buildings. Specialized soundproof gypsum boards are designed to dampen and absorb sound effectively.
Prefabrication involves manufacturing components off-site, and Germany has witnessed a rise in the use of prefabricated elements. Modular construction involves the assembly of pre-built modules, and Germany has embraced this technique for various building types. Prefabricated homes are gaining popularity in Germany, and gypsum boards are extensively used for interior finishes. Thus, all these factors will uplift the regional market’s expansion in the coming years.
The Germany market dominated the Europe Gypsum Board Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $5,143.2 Million by 2030. The UK market is exhibiting a CAGR of 8.4% during (2023 - 2030). Additionally, The France market would experience a CAGR of 10.1% during (2023 - 2030).
Free Valuable Insights: The Global Gypsum Board Market will Hit USD 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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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