Analysis of Acoustic Plasterboard market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Acoustic plasterboard is a type of plaster which contains fibers, enabling in absorbing the sound. Further, acoustic plasterboard are designed to reduce noise transmission through walls and ceilings. It is estimated that, these plasterboards has an efficiency of reducing the noise by ~36 dB. Acoustic plasterboard are gaining significant popularity owing to the increasing consumer preference for cost-effective and durable construction materials. This, in turn, is expected to drive the growth of the market.
Moreover, with the increasing urban migration in developing economies and consumer inclination towards high-class residential homes is anticipated to soar the demand for acoustic plasterboard market. Furthermore, the spending in construction sector follows the overall GDP growth of the country, therefore government across the globe are taking initiatives to improve the country’s infrastructure and to stabilize the economic condition. Thus, the construction industry across the globe is expected to present significant demand for acoustic plasterboard market.
Developing countries in South Asia and East Asia like India, Japan, China, Thailand, among other countries are poised to witness significant growth in the acoustic plasterboard market. However, in the current scenario, the global economy is showing a downward trend due to global pandemic especially in these developing regions, thereby, slowing the growth of acoustic plasterboard market.
However, post coronavirus related lockdown in several countries, the demand for acoustic plasterboard will swiftly rise on back of rising industrialization and increasing consumer spending on renovations in the residential sector is anticipated to drive the demand for acoustic plasterboard market.
On the other hand, North America is expected to show significant growth in the acoustic plasterboard market owing to the high demand for sustainable construction and increase in the residential and commercial spending. In addition, the prominence of manufacturers in the region is expected to spur the demand for acoustic plasterboard market during the forecast period.
The COVID-19 pandemic has brought about several changes for acoustic plasterboard manufacturers and the industry as a whole. The major concern for the players is the restrictions of movement of goods from one place to another due to disrupted supply chain. Moreover, the growth of the market is contingent on the growth of construction sectors. With most of the construction activity being halted, the demand for acoustic plasterboard is foreseen to fluctuate in the near term.
However, the demand is expected to escalate by 2021 when global economy will start regaining stability owing to the investment in development of residential and commercial sector. Therefore, in the long run, the global acoustic plasterboard market is poised to generate significant opportunities.
The acoustic plasterboard market is fragmented with presence of regional and local players. Some of the prominent players in the market are Gyprock, JCW Acoustic Supplies, Saint-Gobain Construction, Autex Industries Limited, British Gypsum, Gustafs Scandinavia AB, The Sound Solution, Knauf, N.D.A. Nuove Dimensioni Ambientali Srl, and Vcut LTD., among others.
These players are focusing on product launches which will enable them to enhance market resiliency. For instance, in 2019, Autex Industries introduced its frontier acoustic raft sound-absorbing system which can be applied to both walls and ceilings. The newly launched product are available in seventeen different colors which allows the designers to create unique interior acoustic features.
The research report presents a comprehensive assessment of the Acoustic Plasterboard Market and contains deep insights, facts, historical and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Acoustic Plasterboard Market segments such as by size, application, & region.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Acoustic Plasterboard Market segments and geographies.
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For a better understanding, global acoustic plasterboard market is being studied under size, application & region.
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Global sales of acoustic plasterboards are predicted to increase at a CAGR of 5.5% during the projected period.
Demand for acoustic plasterboards is expected to increase due to rising urban migration in developing nations and consumer preference for upscale residences.
Gyprock, JCW Acoustic Supplies, Saint-Gobain Construction, Autex Industries Limited, and British Gypsum are some of the top providers of acoustic plasterboards.
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