According to the research report titled ‘Global Plasterboard Market Size study, By Type (Standard, Fire-resistant, Sound-insulated, Moisture-resistant, Thermal, Specialist, Impact-resistant), By Form (Tapered-edged, Square-edged), By End-Use Sector (Residential, Non-residential), and Regional Forecasts 2022-2028’, available with MarketStudyReport, global plasterboard market was valued at USD 23.85 billion in 2021 and is expected to reach USD 35.16 billion by 2028, witnessing a CAGR of 5.7% during the study period.

The rapid urbanization, rising preference toward dry construction techniques, ease of installation & replacement associated with the product, and the technological developments in processing and extrusion are some of the major factors stimulating the growth of global plasterboard market.

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For the uninitiated, plasterboards are used in the construction of frames as wall cladding like ceiling lining for preventing noise transmission. They are also available in various sizes and thicknesses, as well as are eco-friendly, and reduce the buildup of moisture in kitchens and bathrooms.

Apart from this, rising construction activities in developing economies and increasing investment in infrastructure development are anticipated to act as a catalyzing factor for the overall market expansion.

However, lack of awareness regarding plasterboard's recyclable nature, growing environmental concerns, and the strict government regulations on plasterboard disposal are likely to restrain the market development.

By type, the market is divided into impact-resistant, specialist, thermal, moisture resistant, sound insulated, fire-resistant, and standard segments. Based on form type, global plasterboard industry is segregated into square-edged and tapered-edged.

Moving on to the end-user terrain, the market is segmented into non-residential and residential.

From the geographical point of view, Asia Pacific plasterboard industry share is anticipated to register a modest CAGR over the review period, owing to the rising adoption of plasterboard in end-user sectors, the presence of a large consumer base, and increasing investments in new building constructions and renovation activities.

The major players influencing global plasterboard market trends are National Gypsum Company, LafargeHolcim Ltd., Fletcher Building Limited, Boral Limited, Georgia Pacific LLC, USG Corporation, Gypsum Management and Supply Inc., Compagnie de Saint-Gobain S.A., Etex Group, and Armstrong World Industries Inc.