Report : Europe Drywall Panels Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Regular, Moisture-Resistant, Plaster Baseboard, Paperless, Type X, and Others) and Application (Residential and Non-Residential)
At 6.5% CAGR, the Europe Drywall Panels Market is speculated to be worth US$ 16,757.07 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe drywall panels market was valued at US$ 11,464.99 million in 2022 and is expected to reach US$ 16,757.07 million by 2028, registering a CAGR of 6.5% from 2022 to 2028. Focus on recycling drywall panels and rising construction industry are the critical factors attributed to the Europe drywall panels market expansion.
Most environmental issues associated with the mining, producing, and discarding drywall panels can be avoided by making drywall panels from recycled materials. Gypsum makes up nearly 90% of the weight of a sheet of a drywall panel. Gypsum can be recycled to produce new drywall panels, cement, agricultural fertilizer, or as an additive to composting operations. Hence, governments and various companies are focusing on recycling drywall panels in landfills. For instance, USA Gypsum is one of the largest gypsum drywall recyclers in the US. The company has converted millions of pounds of gypsum drywall from landfills. It offers recycled gypsum drywall to its customers in manufactured housing, construction, and drywall manufacturing industries. Hence, the trend of focusing on recycling drywall panels is expected to fuel market growth in the coming years.
On the contrary, growing concerns related to harmful effects of drywall panels hurdles the growth of Europe drywall panels market.
Based on type, the Europe drywall panels market is segmented into regular, moisture-resistant, plaster baseboard, paperless, type X, and others. The regular segment held 41.8% share of Europe drywall panels market in 2022, amassing US$ 4,795.39 million. It is projected to garner US$ 7,073.39 million by 2028 to expand at 6.7% CAGR during 2022–2028.
Based on application, the Europe drywall panels market is bifurcated into residential and non-residential. The residential segment held 63.1% share of Europe drywall panels market in 2022, amassing US$ 7,235.21 million. It is projected to garner US$ 10,479.75 million by 2028 to expand at 6.4% CAGR during 2022–2028.
Based on country, the Europe drywall panels market has been categorized into Germany, France, the UK, Italy, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 32.4% share of Europe drywall panels market in 2022. It was assessed at US$ 3,710.16 million in 2022 and is likely to hit US$ 5,269.60 million by 2028, exhibiting a CAGR of 6.0% during the forecast period.
Key players profiles in the Europe drywall panels market report Compagnie de Saint Gobain SA; Georgia-Pacific LLC; Isam Khairi Kabbani Group; and Knauf Gips KG, among others.
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