Global demand for drywall is forecast to advance 8.4 percent per year through 2014 to 10.7 billion square meters.
Global demand for drywall (also known as gypsum board, plasterboard and
wallboard) is forecast to advance 8.4 percent per year through 2014 to 10.7
billion square meters, a significant improvement over the 2004-2009 rate of
Over four-fifths of all new product demand generated during the 2009-2014
period will be attributable to the U.S. and the Asia/Pacific
Drywall sales in the U.S. are predicted to grow 12.4
percent annually through 2014 as the country’s housing market recovers from a
period of significant turmoil. The drywall market in the Asia/Pacific region
will record the second fastest growth rate through 2014, after North America.
A number of Asian countries are expected to post large gains, including
China, India, Thailand and South
Korea. China alone will account for over
one-third of all new global drywall demand between 2009 and 2014. These and
other trends are presented in World
Drywall & Building Plasters, a new study from The Freedonia Group, Inc., a
Cleveland-based industry market research firm.
The Africa/Mideast region, Eastern Europe, and Central and South America are also projected to see significant
advances in drywall sales, spurred by healthy building construction gains.
Turkey, Russia and Brazil
will experience particularly rapid growth, as local construction firms increase
their use of drywall in wall and ceiling construction applications. Drywall
markets in more developed parts of the world -- Australia, Canada, Japan and Western
Europe - will generally expand at a slower pace through 2014 than
their industrializing counterparts. Nonetheless, several of these countries are
still expected to experience impressive drywall demand growth (starting from a
low 2009 base), including South
Korea, the UK and Spain.
The largest drywall manufacturing countries are the US, China, Japan, Germany, the UK and France, each of which had 2009
drywall shipments of more than 250 million square meters. Global demand for
gypsum-based building plaster is projected to advance 5.3 percent per annum to
36.9 million metric tons in 2014. The building plaster market will experience
somewhat slower growth through 2014 than the drywall market, as construction
firms in many countries adopt drywall-based building construction techniques (at
the expense of wet construction, which employs more building plaster per unit)
because of rising labor costs. At the global level, drywall demand is nearly two
and one-half times greater (on a weight basis) than for gypsum-based building
World Drywall & Building Plasters(published 06/2010, 309 pages) is available for $5,800 from The
Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For more
information, call Corinne Gangloff at 440-684-9600, fax 440-646-0484 or e-mail firstname.lastname@example.org.
information, visit www.freedoniagroup.com.