Global Gypsum board Market to double in size

The Global Gypsum Magazine published a note in its edition of November 2019 about the global gypsum board market growth. According to this note, this market is estimated in USD 32,75 bn in 2018 and the forecasted growth between 2019 and 2025 is 11,4% (CAGR – Compound Annual Growth Rate) and achieves USD 79,17 bn by the end of 2025. This data was collected in a new report from Million Insights. This report is available on https://www.millioninsights.com/industry-reports/gypsum-board-market-size.

Easy to install, cost-effective and an alternative to substitute other materials like brick and wood has been the drivers sustaining this robust growth, increasing market penetration and acceptance of gypsum board on constructions.

Developing countries, such as Mexico, South Africa, Brazil, India, China and Russia has been increasing in a robust way the demand for construction materials and contribute to pull the sector’s growth. Another factors that are pushing the gypsum board uses is related to the population growth and development of each country. These factors have accelerated the demand for improvements in new or existing buildings, from the infrastructure, facilities, adequation to the use and comfort conditions in residential, commercial or institutional sectors.

Its perceived when we look at the Brazilian market of gypsum boards. Despite lack of official data about the sector and market size. It’s perceivable the increase in the use of gypsum boards as ceilings and partition walls in all kinds of buildings.

The Gypsum boards usage totally fulfill the Brazilian standards related to buildings performance, comfort and safety. Following Project, installation and maintenance guidelines, it’s one of the best building constructions system and can be used in any kind of construction.

Let’s continue doing our part and work hard to Brazil follow and overcome this market growth forecasted at the Million Insight Report.