NEW YORK, Feb. 21, 2017 /PRNewswire/ --ry Study with
Forecasts for 2020 & 2025
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Rapidly growing construction spending, particularly in
developing areas such as the Asia/Pacific region, will drive sales of
drywall and building plaster. Global demand for drywall is forecast
to advance 4.0 percent annually through 2020, while building
plaster demand is projected to increase 3.7 percent per annum over
the same period. Going forward, the nonresidential market for
drywall is forecast to continue to be responsible for a larger
share than the residential market, as industrializing countries
record the biggest advances in product sales.
This study will answer the questions::
- How is the global gypsum-based building products industry
changing?
- Which countries are projected to record the fastest gains during
the 2015-2020 period?
- Which countries are moving away from traditional building methods
and beginning to use more drywall?
Description
More than one-third of new drywall demand generated between 2015
and 2020 will be in China, where
demand for drywall is expected to increase 6.0 percent per annum,
bolstered by significant, although slowing, increases in both
residential and nonresidential construction. About three-fourths of
drywall use in China is generated
by nonresidential building construction, so product demand will
benefit from the nonresidential market's relatively better
prospects.
Developing countries show growth
Many other industrializing countries -- including Brazil, India, Indonesia, Iran, Mexico,
and Thailand -- are forecast to
post solid growth in drywall demand through 2020. Increasing demand
for urban housing will drive residential building construction
spending and related drywall sales. Growth in office and commercial
construction activity will also contribute to gains. Construction
of interior walls and ceilings with drywall yields savings in time
and labor costs compared to alternatives such as concrete masonry
units. As labor costs rise in developing countries, building con-
tractors will increasingly be attracted to the use of drywall.
Western Europe attempts a
recovery
Many West European countries are expected to post rebounds in
drywall demand as their housing markets recover. However, in
countries such as Greece,
Italy, Portugal, and Spain, drywall demand in 2020 will remain
significantly below that of a decade earlier, as the housing
rebound will occur from a severely depressed 2015 level and will
not recover all of the ground lost in the housing downturn.
Building plaster faces challenges
Building plaster demand growth will be slower than that in the
drywall segment. Although some building plaster demand is
associated with drywall use (e.g., joint com- pounds), traditional
wet construction methods account for the bulk of demand for
building plaster. Construction firms in many countries are
projected to increase their use of drywall-based construction
techniques gradually at the expense of plaster-based construction,
constraining demand for building plaster.
Study coverage
World Drywall & Building Plaster presents historical data
(2005, 2010 and 2015) plus forecasts (2020 and 2025) for drywall
and building plaster supply and demand for residential and
nonresidential markets in six regions and 21 countries.
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