Increasing construction of residential buildings to bolster demand for Moisture-Resistant Plasterboards; piqued product interest among customers to boost market growth

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OVERVIEW

Moisture-Resistant Plasterboards Market is expected to reach USD 2,028.4 million by the end of 2026.

Bizlytik analysts forecast the global Moisture-Resistant Plasterboards market to grow at a CAGR of 5.4% during the forecast period, according to their latest market research report.

Moisture-Resistant Plasterboards are usually installed in high humidity environments, as these are coated with excellent moisture repellant additive products. The housing complexes often use moisture-resistant plasterboards in kitchen and bathroom walls, such that the walls remain in service for an extended period. The moisture-resistant plasterboards are also used in ceilings.

The increasing consumer preference towards moisture resistant plasterboards for ease in the installation and rising product incorporation in new housing construction projects are the influential primary factors that would propel the growth of the market during the forecast period. The increasing problems associated with dampness in walls and sound insulation in residential buildings have influenced the rate of product adoption, as most customers look towards lightweight solutions with the elimination of moisture as products that can improve their living standards. The rising product demand, arising from product installations in newly developed residential complexes, would continue to propel the growth of the market. The ease in installation of moisture-resistant plasterboards has also generated significant product interest from commercial enterprises looking for quick building of premises, improving the prospects of market growth. The increasing demand for moisture resistant plasterboards in emerging regions would offer crucial vendors with new opportunities for product sales and business expansion over the forecast period.

Ordinary Moisture-Resistant Plasterboards and Locating Point Moisture-Resistant Plasterboards are covered in the Type segment of the market scope. In contrast, the Application segment is categorized into Household and Commercial. The report covers Consumption volume of the global market by Application, with the volume expressed in Million Sq. Ft. The Type segment is calculated in terms of Production value and volume.

The volume of the Household Consumption by Application is estimated to garner 582.4 Million Sq. Ft. by 2026, growing at a CAGR of 5.7% from 2020 to 2026. The high product demand for newly constructed housing complexes would boost the growth prospects of the segment. The rapid rate of urbanization, leading to the installation of moisture-resistant plasterboards, would further influence segment growth in the coming years.

North America, Europe, Asia Pacific, South America, and Middle East & Africa are taken into consideration while arriving at the global volume and value figures. While North America is further categorized into the United States, Canada, and Mexico, Europe is split into the United Kingdom, Germany, France, Italy, Russia, and Rest of Europe. Asia-Pacific covers India, China, Japan, South Korea, and Rest of Asia Pacific in its scope. South America is bifurcated into Brazil, Argentina, and Rest of South America, with Middle East & Africa involving GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

Asia Pacific is a prominent region and a lucrative prospect for manufacturers due to its substantial share in terms of Consumption volume. The presence of many developing countries with a high rate of urbanization is the primary factors of regional market growth, along with increasing consumer spending on residential buildings.

The Moisture-Resistant Plasterboards market is relatively consolidated, with few global companies operating with expansive manufacturing capabilities and extensive product distribution networks in the evolving market scenario. The launch of new products after thorough development and diversification of business capabilities through strategic acquisitions and partnerships are the primarily followed business strategies of top players.

Etex Group is one of the most significant companies of the global Moisture-Resistant Plasterboards market in terms of production volume, with USG Boral Building Products Pty Limited and Georgia-Pacific LLC among many other vendors to hold substantial market share by volume and value.