Table of Contents
Drywall demand to rise 4+% annually through 2018
Global drywall demand is forecast to rise over five percent per year through 2018 to roughly 10 billion square meters, a significant improvement from the rate of the 2008-2013 period. Rebounds in building construction spending after a period of declines in both North America and Western Europe will be the primary drivers of demand. Growing sales in the Africa/Mideast region, where drywall continues to gain popularity over more traditional building techniques and materials, will also contribute to demand gains. While demand in both the Asia/Pacific region and Central and South America is projected to slow from gains seen earlier in the decade, both regions will post solid growth through 2018.
China, US to dominate new drywall demand
Nearly three-fourths of new drywall demand generated between 2013 and 2018 will be due to China and the US. Drywall sales in the US are forecast to advance nearly eight percent annually during this period as the housing market recovers. In China, demand for drywall is expected to post more than seven percent annual growth during this time, bolstered by significant gains in both residential and nonresidential construction spending. Drywall is also projected to be used more frequently in residential applications in China, as it gains popularity over traditional building materials. Many industrializing countries -- such as Brazil, India, Mexico, Saudi Arabia, and Turkey -- are also forecast to post solid growth in drywall demand through 2018.Increasing demand for urban housing will drive residential building construction spending and related drywall sales. In addition, advances in office and commercial construction activity will contribute to demand gains. Going forward, drywall demand will benefit from local construction companies increasing drywall usage at the expense of other products, such as building plaster. The drywall market in Western Europe is projected to expand over two percent annually through 2018 to over one billion square meters, a rate above the 2008-2013 pace but the slowest globally. Many countries are expected to post rebounds in demand as their housing markets recover, with Spain registering the fastest growth and Italy and the UK also forecast to perform well.
Residential, nonresidential markets to grow similarly
Drywall demand is forecast to post similar growth through 2018 in both residential and nonresidential building applications. Housing market rebounds in higher-income countries such as the US and many in Western Europe will drive demand growth in the residential market. However, drywall is used more often in nonresidential applications in developing areas, and expansion in these markets will boost overall demand in nonresidential building applications.
Building plaster demand to grow 4+% annually
Global demand for building plaster is projected to advance over four percent per annum to approximately 35 million metric tons in 2018. Construction firms in many countries are projected to gradually increase their usage of drywall-based construction techniques at the expense of wet construction methods, which require more building plaster per unit. A portion of these losses, however, will be offset by growing use of building plaster as joint compound during drywall installation.
This upcoming industry study, World Drywall & Building Plaster, that presents historical demand data for 2003, 2008 and 2013, as well as forecasts for 2018 and 2023 byproduct, market, world region, and for 23countries. The study also considers key market environment factors, evaluates company market share and profiles 29industry participants.
Find all the market research you need - instantly, in one place.
Talk to Amrita
+1 718 303 2019
This industry data report package offers the most up-to-date market data on the actual market situation, trends, and future outlook for unwrought aluminium in different Asian countries. The package includes ...
This report analyzes the worldwide markets for Plastic Pipes in Million Meters by the following Product Segments: Polyvinyl Chloride (PVC) Pipes, Polyethylene (PE) Pipes, Polypropylene (PP) Pipes, and ...
The demand for portland cement is mainly prompted by growing construction activities across the globe. Asia Pacific dominates the global market for portland cement. This report by Transparency Market Research ...
Reportlinker.com © Copyright 2014. All rights reserved.