Report : North America 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 6.1% CAGR, the North America Drywall Panels Market is speculated to be worth US$ 22,557.72 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America drywall panels market was valued at US$ 15,828.65 million in 2022 and is expected to reach US$ 22,557.72 million by 2028, registering a CAGR of 6.1% from 2022 to 2028. Focus on recycling drywall panels and rising construction industry are the critical factors attributed to the North America 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 North America drywall panels market.
Based on type, the North America drywall panels market is segmented into regular, moisture-resistant, plaster baseboard, paperless, type X, and others. The regular segment held 38.1% share of North America drywall panels market in 2022, amassing US$ 6,033.30 million. It is projected to garner US$ 8,670.32 million by 2028 to expand at 6.2% CAGR during 2022–2028.
Based on application, the North America drywall panels market is bifurcated into residential and non-residential. The residential segment held 60.7% share of North America drywall panels market in 2022, amassing US$ 9,608.21 million. It is projected to garner US$ 13,514.79 million by 2028 to expand at 5.9% CAGR during 2022–2028.
Based on country, the North America drywall panels market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 87.2% share of North America drywall panels market in 2022. It was assessed at US$ 13,807.20 million in 2022 and is likely to hit US$ 19,737.10 million by 2028, exhibiting a CAGR of 6.1% during the forecast period.
Key players profiles in the North America drywall panels market report American Gypsum Co LLC; Compagnie de Saint Gobain SA; Georgia-Pacific LLC; Knauf Gips KG; and National Gypsum Co, among others.
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