Chemical Industry Updates

  Gypsum board, also known as drywall or plasterboard, is a panel made of calcium sulfate dihydrate and used for interior wall and ceiling applications in residential and non-residential buildings. It provides an insulating and fireretardant substrate for interior partitioning and efficiently resists heat transmission. Gypsum board is widely used in construction due to its easy handling, installation, and finishing properties. The global Gypsum Board Market is estimated to be valued at US$ 56.68 Bn in 2024 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The rapid growth of the construction industry is boosting the demand for gypsum board as it is the most preferred material for interior construction. Especially in emerging economies, the infrastructure development is growing at a fast pace which is creating massive opportunities for gypsum board manufacturers. G...

  The global Gypsum Board Market is estimated to be valued at US$56.68 Bn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Gypsum board, also known as drywall or plasterboard, is used widely in commercial real estate for interior wall construction. It offers advantages such as fire resistance, sound absorption and ease of installation. Demand from the growing commercial real estate sector is driving growth of the gypsum board market. Market key trends: One of the key trends in the gypsum board market is the growing popularity of moisture resistant gypsum boards. Exposure to moisture can damage regular gypsum boards. Moisture resistant gypsum boards have special additives that make them resistant to damp conditions like high humidity areas. They are increasingly being used in bathrooms and other high moisture areas in buildings. Another trend is the use of...