Asia-Pacific (APAC) - Plasterboard Market by - Forecast and Analysis 2024-2028
| Published: Oct 2023 | Pages: 148 | SKU: IRTNTR70333 |
Asia-Pacific (APAC) - Plasterboard Market 2024-2028
The Asia-Pacific (APAC) - plasterboard market size is estimated to grow at a CAGR of 8.11% between 2023 and 2028. The market size is forecast to increase by USD 3.63 billion. The growth of the market depends on several factors, including the development of advanced plasterboard materials, the growing demand for green construction, the rising demand for mobile homes, and effective space utilization. Our report examines historical data from 2018-2022, besides analyzing the current market scenario.
This report extensively covers market segmentation by type (square-edged and tapered-edged) and end-user (residential and non-residential). It also includes an in-depth analysis of drivers, trends, and challenges.
What will be the size of the APAC Plasterboard Market During the Forecast Period?
APAC Plasterboard Market Forecast 2024-2028
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APAC Plasterboard Market Dynamic
Our researchers studied the data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
Driver- Rapid urbanization coupled with a rise in construction activities
The growth in the urban population has led to an upsurge in the construction of residential and commercial establishments. Plasterboard has become popular among all newly built residential establishments for enhancing the aesthetics of the interiors. Therefore, the growth in the number of commercial and residential buildings, coupled with rapid urbanization, is expected to fuel the growth of the Asia-Pacific (APAC) - plasterboard market.
Moreover, rapid urbanization necessitated the demand for building new commercial and residential establishments in countries across the world. The rise in construction projects is expected to increase the demand for several products that enhance the aesthetic appeal of the establishments, including plasterboard. This, in turn, is expected to foster the growth of the market during the forecast period.
Trends- Development of advanced plasterboard materials
Manufacturers of plasterboard are constantly concentrating on enhancing the technologies and characteristics of products to improve customer satisfaction. The rise in competition among global and regional APAC - plasterboard market players has paved the way for the development of innovative and high-quality plasterboards for enhancing aesthetic appeal and improving the user experience.
Furthermore, superior breaking strength, crisp edges with cleaner cuts, and ease of lifting are some of the major features associated with the product. Hence, its adoption is expected to increase for ceiling lining in residential establishments. Hence, the increasing focus of APAC - plasterboard market players on developing high-quality plasterboard is expected to boost the growth of the market during the forecast period.
Challenge- Volatility in raw material prices and the presence of various local players
Prominent players, including Knauf Gips, Compagnie de Saint-Gobain, and LafargeHolcim Ltd. (LafargeHolcim), experience fluxes in profit margins owing to the volatility in raw material prices and the rising competition among global and local Asia Pacific - plasterboard market players. Furthermore, cost-driven end-users prefer reasonable-priced plasterboards rather than investing in costly products manufactured by the global market players. Hence, volatility in raw material prices is one of the major challenges for players in the APAC - plasterboard market.
Furthermore, while designing plasterboard, plaster is mixed with fiberglass or fiber, foaming agent, plasticizer, and other additives that can reduce flammability, growth of fungus, and water absorption. Fluxes in the price of these materials also negatively impact the profitability of vendors. Hence, volatile raw material prices, coupled with the presence of local vendors, may hamper the growth of the market by decreasing the sales potential and revenue generation of global players during the forecast period.
APAC Plasterboard Market Segmentation by Type and End-user
Type Segment Analysis:
The square-edged segment will account for a major share of the market's growth during the forecast period.?Square-edge plasterboard is a plasterboard with square edges, which consists of sheets with uniform, straight borders. The thickness of the panel extends consistently across its length, and when sheets with uniform and straight edges are joined together, then the joint formed is referred to as a butt joint. Square-edge plasterboard ceiling options are frequently preferred because the joints are more flush, which decreases their visibility.
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The square-edged segment was valued at USD 4.18 billion in 2018. Plasterboard with a square edge has several advantages over tapered edges, including being less expensive, simpler to install, and suitable for ceiling construction. Hence, due to such advantages, the growth of the square-edge plasterboard segment will observe positive growth, which, in turn, will boost the growth of the Asia Pacific - plasterboard market during the forecast period.
End-user Segment Analysis
Based on end-user, the market has been segmented into residential and non-residential. The residential segment will account for the largest share of this segment.?Plasterboard is mainly preferred by residential end-users as an internal lining panel for ensuring strong, smooth, and long-lasting walls and ceilings. Ease of installation, low environmental impact, cost-effectiveness, resistance to fire, and ease of repair are some of the main features associated with plasterboard. Asia Pacific - plasterboard market players such as Chiyoda Ute Co. Ltd. (Chiyoda Ute), Fletcher Building Ltd. (Fletcher Building), Knauf Gips KG (Knauf Gips), CSR Ltd. (CSR), and Georgia-Pacific LLC (Georgia-Pacific) deliver a broad range of plasterboards for residential applications. Thus, these factors in residential applications will boost the growth of the market during the forecast period.
Who is the Major APAC Plasterboard Market Companies?
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
- China National Building Material Co. Ltd.: The company offers plasterboard which are light steel studs for the general partition of architectural space. The system can be filled with mineral wool according to the design requirement.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
ATISKAN STRUCTURE AND INDUSTRIAL GYPSUM PRODUCTS INDUSTRY. VE TIC. Inc., BGC Australia PTY Ltd., Chiyoda Ute Co. Ltd., CSR Ltd., Compagnie de Saint Gobain, Eagle Materials Inc., Etex NV, Fletcher Building Ltd., Gypelite India Pvt. Ltd., India GYPSUM PVT. LTD., Knauf Gypsum Pty Ltd., and Koch Industries Inc.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
Segment Overview
The APAC plasterboard market report forecasts market growth by revenue and analyzes the latest trends and growth opportunities from 2018 to 2028.
- Type Outlook
- Square-edged
- Tapered-edged
- End-user Outlook
- Residential
- Non-residential
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APAC Plasterboard Market Scope |
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Report Coverage |
Details |
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Page number |
148 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.11% |
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Market growth 2024-2028 |
USD 3.63 billion |
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Market structure |
Concentrated |
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YoY growth 2023-2024(%) |
7.55 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ATISKAN STRUCTURE AND INDUSTRIAL GYPSUM PRODUCTS INDUSTRY. VE TIC. Inc., BGC Australia PTY Ltd., China National Building Material Co. Ltd., Chiyoda Ute Co. Ltd., CSR Ltd., Compagnie de Saint Gobain, Eagle Materials Inc., Etex NV, Fletcher Building Ltd., Gypelite India Pvt. Ltd., India GYPSUM PVT. LTD., Knauf Gypsum Pty Ltd., and Koch Industries Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this APAC Plasterboard Market Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the APAC plasterboard market between 2024 and 2028
- Precise estimation of the APAC plasterboard market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the market across APAC
- A thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of APAC plasterboard market companies
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 15: Data Table on Regional - Market size and forecast 2023-2028 ($ million)
- Exhibit 16: Chart on APAC: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Regional - Market size and forecast 2023-2028 ($ million)
4 Historic Market Size
- 4.1 Plasterboard market in APAC 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on plasterboard market in APAC 2018 - 2022 ($ million)
- 4.2 Type Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ million)
- 4.3 End-user Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – End-user Segment 2018 - 2022 ($ million)
- 4.4 Country Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 22: Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Exhibit 25: Threat of new entrants – Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Exhibit 26: Threat of substitutes – Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Exhibit 27: Threat of rivalry – Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Exhibit 28: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Type
- 6.1 Market segments
- Exhibit 29: Chart on Type - Market share 2023-2028 (%)
- Exhibit 30: Data Table on Type - Market share 2023-2028 (%)
- 6.2 Comparison by Type
- Exhibit 31: Chart on Comparison by Type
- Exhibit 32: Data Table on Comparison by Type
- 6.3 Square-edged - Market size and forecast 2023-2028
- Exhibit 33: Chart on Square-edged - Market size and forecast 2023-2028 ($ million)
- Exhibit 34: Data Table on Square-edged - Market size and forecast 2023-2028 ($ million)
- Exhibit 35: Chart on Square-edged - Year-over-year growth 2023-2028 (%)
- Exhibit 36: Data Table on Square-edged - Year-over-year growth 2023-2028 (%)
- 6.4 Tapered-edged - Market size and forecast 2023-2028
- Exhibit 37: Chart on Tapered-edged - Market size and forecast 2023-2028 ($ million)
- Exhibit 38: Data Table on Tapered-edged - Market size and forecast 2023-2028 ($ million)
- Exhibit 39: Chart on Tapered-edged - Year-over-year growth 2023-2028 (%)
- Exhibit 40: Data Table on Tapered-edged - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Type
- Exhibit 41: Market opportunity by Type ($ million)
- Exhibit 42: Data Table on Market opportunity by Type ($ million)
7 Market Segmentation by End-user
- 7.1 Market segments
- Exhibit 43: Chart on End-user - Market share 2023-2028 (%)
- Exhibit 44: Data Table on End-user - Market share 2023-2028 (%)
- 7.2 Comparison by End-user
- Exhibit 45: Chart on Comparison by End-user
- Exhibit 46: Data Table on Comparison by End-user
- 7.3 Residential - Market size and forecast 2023-2028
- Exhibit 47: Chart on Residential - Market size and forecast 2023-2028 ($ million)
- Exhibit 48: Data Table on Residential - Market size and forecast 2023-2028 ($ million)
- Exhibit 49: Chart on Residential - Year-over-year growth 2023-2028 (%)
- Exhibit 50: Data Table on Residential - Year-over-year growth 2023-2028 (%)
- 7.4 Non-residential - Market size and forecast 2023-2028
- Exhibit 51: Chart on Non-residential - Market size and forecast 2023-2028 ($ million)
- Exhibit 52: Data Table on Non-residential - Market size and forecast 2023-2028 ($ million)
- Exhibit 53: Chart on Non-residential - Year-over-year growth 2023-2028 (%)
- Exhibit 54: Data Table on Non-residential - Year-over-year growth 2023-2028 (%)
- 7.5 Market opportunity by End-user
- Exhibit 55: Market opportunity by End-user ($ million)
- Exhibit 56: Data Table on Market opportunity by End-user ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 58: Chart on Market share by geography - 2023-2028 (%)
- Exhibit 59: Data Table on Market share by geography - 2023-2028 (%)
- 9.2 Geographic comparison
- Exhibit 60: Chart on Geographic comparison
- Exhibit 61: Data Table on Geographic comparison
- 9.3 China - Market size and forecast 2023-2028
- Exhibit 62: Chart on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 63: Data Table on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 64: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 65: Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.4 Australia - Market size and forecast 2023-2028
- Exhibit 66: Chart on Australia - Market size and forecast 2023-2028 ($ million)
- Exhibit 67: Data Table on Australia - Market size and forecast 2023-2028 ($ million)
- Exhibit 68: Chart on Australia - Year-over-year growth 2023-2028 (%)
- Exhibit 69: Data Table on Australia - Year-over-year growth 2023-2028 (%)
- 9.5 South Korea - Market size and forecast 2023-2028
- Exhibit 70: Chart on South Korea - Market size and forecast 2023-2028 ($ million)
- Exhibit 71: Data Table on South Korea - Market size and forecast 2023-2028 ($ million)
- Exhibit 72: Chart on South Korea - Year-over-year growth 2023-2028 (%)
- Exhibit 73: Data Table on South Korea - Year-over-year growth 2023-2028 (%)
- 9.6 Japan - Market size and forecast 2023-2028
- Exhibit 74: Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Exhibit 75: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Exhibit 76: Chart on Japan - Year-over-year growth 2023-2028 (%)
- Exhibit 77: Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 9.7 Rest of APAC - Market size and forecast 2023-2028
- Exhibit 78: Chart on Rest of APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 79: Data Table on Rest of APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 80: Chart on Rest of APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 81: Data Table on Rest of APAC - Year-over-year growth 2023-2028 (%)
- 9.8 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)
- Exhibit 83: Data Table on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 84: Impact of drivers and challenges in 2023 and 2028
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 85: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 86: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 87: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 88: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 89: Matrix on vendor position and classification
- 12.3 ATISKAN STRUCTURE AND INDUSTRIAL GYPSUM PRODUCTS INDUSTRY. VE TIC. Inc.
- Exhibit 90: ATISKAN STRUCTURE AND INDUSTRIAL GYPSUM PRODUCTS INDUSTRY. VE TIC. Inc. - Overview
- Exhibit 91: ATISKAN STRUCTURE AND INDUSTRIAL GYPSUM PRODUCTS INDUSTRY. VE TIC. Inc. - Product / Service
- Exhibit 92: ATISKAN STRUCTURE AND INDUSTRIAL GYPSUM PRODUCTS INDUSTRY. VE TIC. Inc. - Key offerings
- 12.4 BGC Australia PTY Ltd.
- Exhibit 93: BGC Australia PTY Ltd. - Overview
- Exhibit 94: BGC Australia PTY Ltd. - Product / Service
- Exhibit 95: BGC Australia PTY Ltd. - Key offerings
- 12.5 China National Building Material Co. Ltd.
- Exhibit 96: China National Building Material Co. Ltd. - Overview
- Exhibit 97: China National Building Material Co. Ltd. - Business segments
- Exhibit 98: China National Building Material Co. Ltd. - Key offerings
- Exhibit 99: China National Building Material Co. Ltd. - Segment focus
- 12.6 Chiyoda Ute Co. Ltd.
- Exhibit 100: Chiyoda Ute Co. Ltd. - Overview
- Exhibit 101: Chiyoda Ute Co. Ltd. - Product / Service
- Exhibit 102: Chiyoda Ute Co. Ltd. - Key offerings
- 12.7 CSR Ltd.
- Exhibit 103: CSR Ltd. - Overview
- Exhibit 104: CSR Ltd. - Business segments
- Exhibit 105: CSR Ltd. - Key offerings
- Exhibit 106: CSR Ltd. - Segment focus
- 12.8 Compagnie de Saint Gobain
- Exhibit 107: Compagnie de Saint Gobain - Overview
- Exhibit 108: Compagnie de Saint Gobain - Business segments
- Exhibit 109: Compagnie de Saint Gobain - Key news
- Exhibit 110: Compagnie de Saint Gobain - Key offerings
- Exhibit 111: Compagnie de Saint Gobain - Segment focus
- 12.9 Eagle Materials Inc.
- Exhibit 112: Eagle Materials Inc. - Overview
- Exhibit 113: Eagle Materials Inc. - Business segments
- Exhibit 114: Eagle Materials Inc. - Key offerings
- Exhibit 115: Eagle Materials Inc. - Segment focus
- 12.10 Etex NV
- Exhibit 116: Etex NV - Overview
- Exhibit 117: Etex NV - Business segments
- Exhibit 118: Etex NV - Key news
- Exhibit 119: Etex NV - Key offerings
- Exhibit 120: Etex NV - Segment focus
- 12.11 Fletcher Building Ltd.
- Exhibit 121: Fletcher Building Ltd. - Overview
- Exhibit 122: Fletcher Building Ltd. - Business segments
- Exhibit 123: Fletcher Building Ltd. - Key news
- Exhibit 124: Fletcher Building Ltd. - Key offerings
- Exhibit 125: Fletcher Building Ltd. - Segment focus
- 12.12 Gypelite India Pvt. Ltd.
- Exhibit 126: Gypelite India Pvt. Ltd. - Overview
- Exhibit 127: Gypelite India Pvt. Ltd. - Product / Service
- Exhibit 128: Gypelite India Pvt. Ltd. - Key offerings
- 12.13 INDIA GYPSUM PVT. LTD.
- Exhibit 129: INDIA GYPSUM PVT. LTD. - Overview
- Exhibit 130: INDIA GYPSUM PVT. LTD. - Product / Service
- Exhibit 131: INDIA GYPSUM PVT. LTD. - Key offerings
- 12.14 Knauf Gypsum Pty Ltd.
- Exhibit 132: Knauf Gypsum Pty Ltd. - Overview
- Exhibit 133: Knauf Gypsum Pty Ltd. - Product / Service
- Exhibit 134: Knauf Gypsum Pty Ltd. - Key offerings
- 12.15 Koch Industries Inc.
- Exhibit 135: Koch Industries Inc. - Overview
- Exhibit 136: Koch Industries Inc. - Product / Service
- Exhibit 137: Koch Industries Inc. - Key news
- Exhibit 138: Koch Industries Inc. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 139: Inclusions checklist
- Exhibit 140: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 141: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 142: Research methodology
- Exhibit 143: Validation techniques employed for market sizing
- Exhibit 144: Information sources
- 13.5 List of abbreviations
- Exhibit 145: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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plasterboard market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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