North America Gypsum Board Market Synopsis
North America Gypsum Board Market is likely to grow in the forecast period on the back of increasing construction and renovation activities in both residential and commercial sectors, coupled with a growing emphasis on sustainable and fire-resistant building materials, which have accelerated the demand for gypsum boards.
According to 6Wresearch, the North America Gypsum Board Market size is projected to grow during 2023-2029. The robust growth in the construction industry, both in the residential and commercial sectors, is a major driver, as gypsum boards are widely used for interior wall and ceiling applications. The increasing shift toward sustainable and energy-efficient construction materials has boosted the demand for gypsum boards due to their eco-friendly properties and excellent fire resistance. Certain challenges are prevalent in the Gypsum Board Market in North America. The fluctuating raw material prices have heavily impacted the production costs and product pricing of the gypsum boards. The intense competition from alternative building materials, such as drywall alternatives and advanced wall systems has hindered the growth trajectory of the market. The economic uncertainties in the region have created an unfavourable environment for the market.
North America Gypsum Board Market: Key Players
These are the major players in the market who are contributing significantly towards the growth and sustainability of gypsum boards and contributed towards the rise in North American gypsum Board Market Share.
- Apple Inc.
- WiTricity Corporation
- Powermat Technologies Ltd.
- Energous Corporation
- AirFuel Alliance
- Belkin International, Inc.
- Qualcomm Inc.
- Samsung Electronics Co., Ltd.
- NXP Semiconductors N.V.
- Anker Innovations
COVID-19 Impact on the North America Gypsum Board Market
The COVID-19 pandemic significantly impacted the North America Gypsum Board Industry. In the initial stages of the pandemic, construction projects were halted or delayed due to the imposition of lockdowns and it led to a sharp decline in demand for gypsum board products. Manufacturing facilities faced operational challenges due to safety protocols social distancing norms and disruptions in the supply chain. Increased remote work and economic uncertainties also contributed to reduced commercial construction activities. As the construction industry adapted to pandemic conditions and residential construction surged, there was a gradual recovery in demand, particularly in the residential and renovation sectors and it remarkably increased the North America Gypsum Board Market Growth.
Key attractiveness of the report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2019 to 2022.
- Base Year: 2022.
- Forecast Data until 2029.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- North America Gypsum Board Market - Opportunity Assessment By Countries
- Historical Data and Forecast of North America Gypsum Board Market Revenues & Volume By Others for the Period 2019 - 2029
- North America Gypsum Board Market - Import Export Trade Statistics
- Historical Data and Forecast of United States Gypsum Board Market Revenues & Volume By Wallboard for the Period 2019 - 2029
- North America Gypsum Board Market - Key Performance Indicators
- North America Gypsum Board Porter's Five Forces
- North America Gypsum Board Price Trends
- North America Gypsum Board Industry Life Cycle
- Historical Data and Forecast of United States Gypsum Board Market Revenues & Volume By Product Type for the Period 2019 - 2029
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