Gypsum Board Market Continues To Expand With Saint-Gobain S.A. Completing The Acquisition Of Continental Building Products For US$ 1.4 Billion

Gypsum Board Market


 Gypsum Board is a flexible composite material, made from dry plaster of magnesium and aluminum oxide. Drywall is a sheet made up of calcium sulfate hydrate, usually extruded into thin sheets of backer and facer paper, most often used in the construction of ceilings and interior walls. It is resistant to moisture, decay, and termites, although it can become brittle and lose its adhesion to ceiling and wall frames if scratched or scarred. It is used chiefly for exterior applications, such as kitchen cupboards, skirting boards, roof panels, gutter covers, blinds, and other openings, as it is rigid enough to resist being pulled or ripped. 

Gypsum remains one of the most critical elements used in the construction sector. It is typically used in the manufacturing of cement, while gypsum board is primarily used as a finish for ceilings and walls, plasterboard, sheetrock, or drywall. Over the years, the construction industry has witnessed astronomical growth in both developed and emerging economies. As India Brand Equity Foundation (IBEF) suggests, India is expected to become the world’s third-largest construction market by 2022, for which it will require US$ 777.73 billion investment across infrastructure for sustainable development. Furthermore, the construction sector, in 2019, witnessed seven mergers and acquisition deals worth US$ 1,461 million. Such massive growth of the construction sector can augment growth of the gypsum board market.

This versatile material can be used both as a drywall component and in conjunction with a gypsum joint compound for soundproofing applications. It can be added to the bottom half of a cavity wall as a gypsum veneer or gypsum overlay for wall applications. It can also be added to masonry applications, such as a brick wall, to strengthen the base without increasing the size of the wall. Many developed countries are witnessing large amounts of repair activities of public infrastructure such as bridges, monuments, and more. Such activities can boost growth of the gypsum board market.

Recently, in January 2020, Saint-Gobain S.A., a French company, acquired Continental Building Products for US$ 1.4 billion.

Developed regions such as North America have gained significant traction in the gypsum board market. This is due to the fact that there is a robust demand for sustainable construction. Consumers from developed countries such as Canada and the U.S. are increasingly spending on residential and commercial construction activities, which could potentially boost growth of the regional gypsum board market.

Gypsum products are available in a variety of forms and applications. The basic product is a powder or crystal form, which can be combined with a liquid or gelled compound, such as epoxy or latex. The dried form can be cut into sheets, strips, or compartments. Regardless, gypsum board is prone to water damage and thus a large part of consumers are hesitant toward adoption of the said material. Instead, they are opting for alternative solutions. Such factors can inhibit growth of the gypsum market in the near future. 

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