Indian Gypsum Board Industry to see healthy growth: Report

Indian Gypsum Board Industry to see healthy growth: Report

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Indian Gypsum Board Industry to see healthy growth-min

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The report forecasts that the Indian market for Gypsum Board is expected to reach about 333.64 million m2 by 2021 from 221.75 million m2 in 2016, registering a Compounded Annual Growth Rate (CAGR) of 8.51% during the analysis period, 2016-2021

According to WiseGuyReports.com report, India’s gypsum board industry is expected to see a healthy growth in the next couple of years. The report forecasts that the Indian market for Gypsum Board is expected to reach about 333.64 million m2 by 2021 from 221.75 million m2 in 2016, registering a Compounded Annual Growth Rate (CAGR) of 8.51% during the analysis period, 2016-2021. The boost for the industry is expected to come from construction industry, that is, real estate industry which in turn will be aided by huge gap between demand and supply for the growing population.

Gypsum board, commonly known as drywall, Gypsum Board Installation is the technical product name used by manufacturers for a specific board with a gypsum core and a paper facing. Gypsum board is the premier building material for wall, ceiling, and partition systems in residential, institutional, and commercial structures and is designed to provide a monolithic surface when joints and fastener heads are covered with a joint treatment system. One principal advantage of gypsum board over plywood, hardboard, and fiberboard is its strong fire resistance. Gypsum products also provide sound control, economy, versatility, quality, and convenience.

Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.