Paperless drywall5/19/2023 ![]() The overall global drywall panels market size has been derived using both primary and secondary sources. They are also focusing on strategies such as investments in research and development activities, new product launches, and expanding production capacities. Players operating in the global drywall panels market focus on providing high-quality products to fulfill customer demand. The key players operating in the global drywall panels market include Georgia-Pacific LLC, American Gypsum Co LLC, Yoshino Gypsum Co Ltd, Compagnie de Saint Gobain SA, Sadaf Gypsum Co, Knauf Gips KG, Isam Khairi Kabbani Group, National Gypsum Co, Technomec Building Industries LLC, and GYPSEMNA Co LLC. In Australia, the growth in construction activities and increase in awareness about energy-efficient buildings contribute to the growth of the drywall panels market. According to the Australian Industry and Skills Committee (AISC), the construction industry in Australia generates more than US$ 360 billion in revenue, accounting for 9% of the country’s GDP. These foreign investments in the residential and nonresidential construction sectors are boosting the demand for construction materials, including drywall panels, in the country. In January 2022, Allianz Real Estate increased its investment in the Japanese residential property sector by US$ 1.6 billion. ![]() In addition, foreign and domestic investors are investing in the residential property sector of Japan. In China, the continuous population growth, rise in household income levels, and increase in the number of people migrating from rural to urban areas are favoring the proliferation of the residential construction industry in the country. The growing building & construction industry in the region is also boosting the adoption of drywall panels for various applications. Various advantages of using drywall panels over other alternatives are driving the drywall panels market in the region. Based on country, the Asia Pacific drywall panels market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. In 2022, Asia Pacific held the largest revenue share of the global drywall panels market. The rising demand for DIY gypsum panels and 3D drywall panels from the residential construction sector is further influencing the market growth. Fire-resistant drywall is also gaining momentum in residential construction. Different types of drywalls, such as regular, moisture-resistant, plaster baseboard, paperless, type X, and soundproof drywall, are utilized in residential construction. Drywall panels with 1/2-inch thickness are a highly preferred choice for residential interior walls since they are easy to carry and hang. ![]() A drywall panel is the interior finish mostly used in residential construction. The drywall panels market share for the residential segment was the largest in 2022. Georgia-Pacific LLC, American Gypsum Co LLC, Yoshino Gypsum Co Ltd, Compagnie de Saint, Gobain SA, Sadaf Gypsum Co, Knauf Gips KG, Isam Khairi Kabbani Group, National Gypsum Co, Technomec Building Industries LLC, GYPSEMNA Co LLCīased on application, the global drywall panels market is segmented into residential and non-residential. Drywall panels offer both functional and aesthetic benefits. Compared to traditional partition materials like plywood and hardwood, drywall panels are fire-resistant, soundproof, easy to install, cost-efficient, and come in various colors and textures. Various additives, foaming agents, and plasticizers are added to increase fire resistance and flexibility and reduce the drywall panel’s weight. The gypsum is mixed with fiber, such as paper or fiberglass, in drywall panels for added strength and consistency. Drywall panels are composed of a layer of gypsum rock sandwiched between two layers of special paper. ![]() A drywall panel is also known as a wallboard, gypsum board, sheet-rock, and plasterboard.
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