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(Construction.IndustryNews247.Com, August 21, 2018 ) Plasterboard Market from residential construction applications should offer high industry growth opportunity owing to various government initiatives in countries like India, Thailand, Malaysia, Brazil and Venezuela. The offer initiatives including Smart Cities, flexible housing loans, easy FDI norms, and increased spending on urban infrastructure development. Smart City initiative undertaken in India would require investment of over USD 150 billion which should drive industry growth.
Manufacturers currently do not possess recycling systems and dispose-off production waste and used products in open areas which will have environment impacts along with hindrance in plasterboard market growth. Strict environmental regulations imposed by government and agencies should offer immense opportunity for manufacturers to invest in R&D and produce environment friendly & high-performance products.
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Plasterboard Market size should witness significant gains over the forecast timeframe owing to the emergence of environment friendly construction techniques & materials. Growth in consumer income, employment and modern retailing industry along with increasing demand for new & refurnishing construction projects should factorize industry growth.
Plasterboard are extensively used in commercial and residential frame construction like internal wall board and ceiling lining. It is a thin unbending gypsum core board compressed between two thick sheets of recycled paper. These materials cut down noise transmission across walls & accumulates moisture from bathroom and kitchen depending on the additives used in the product.
Ceiling plasterboard market size should anticipate strong gains during the forecast timeframe due to its rapidly gained popularity in industrial application owing to its inherent characteristics like fire & shear resistance, time sensitivity, structural integrity and reduced weights. These products have high potential to replace conventional building materials like fiberboard, plywood and hardboard.
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Europe plasterboard market size led by Germany, Italy and France should grow significantly by 2024. Growing demand for constructing new corporate offices & expanding healthcare industry should drive regional product demand. China plasterboard market size should witness strong gains during forecast timeframe because of their high domestic consumption in commercial construction sector. It is a major manufacturing country producing over 1.5 million metric tons of plasterboard annually which are widely utilized in ceilings and non-load bearing walls.
Global plasterboard market share is highly fragmented with industry participants including Saint Gobain, Jason Group, Etex Group, Gyprock, Global Mining Company, Knauf Dubai and Ahlstrom Corporation. Companies are expected to adopt mergers & acquisition strategy with other players to expand their regional presence along with consolidating their position.
Global Market Insights, Inc.
Arun Hegde
1-888-689-0688
sales@gminsights.com
Source: EmailWire.Com 
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