The global drywall and gypsum board market size is estimated to grow from USD 50.22 billion in 2020 to USD 95.15 billion in 2027, registering a CAGR of 11.24% during the forecast period (2021-2027). Gypsum board manufacturers companies are producing specialty products for targeting the industrial application segment. Due to fast installation and immense innovation in the product compared with traditional plasterboards is expected to boost the market growth over the forecast period. Drywalls are gaining momentum in the global market as these walls are lightweight, require very little space, and also provide attractive looks in the interior of residential or commercial buildings.

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The drywall and gypsum board market had a major impact on the coronavirus COVID-19 outbreak. Due to the pandemic, the government and other local authorities have imposed a complete lockdown in severely affected areas with disrupted supply and demand channels. Due to the lack of workforce and social distancing, construction had a huge loss and affect the drywall and gypsum market. In the other half of 2020, the market is expected to grow exponentially as demand rises, aiming to recover losses made in the first half.

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The report outlines the global drywall and gypsum board market study based only on product and application.

Based on the region, the global drywall and gypsum board market has been segmented into five geographical regions, namely, North America, Asia Pacific, Europe, South America, and the Middle East and Africa. In 2020, Asia Pacific held the largest share in the global drywall and gypsum board market, followed by North America and Europe. Moreover, Asia Pacific is expected to grow with a high growth rate over the forecast period.

The global drywall and gypsum board Market is highly fragmented, with the presence of a large number of small players across the globe. The key players operating in the drywall and gypsum board in the global market are–

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The drywall and gypsum board market report thoroughly analyzes macro-economic factors and every segment’s market attractiveness. The report will include an in-depth qualitative and quantitative assessment of the segmental/regional outlook with the market player’s presence in the respective segment and region/country. The information concluded in the report includes the inputs from the primary interviews.

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