London, 17 December 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Plasterboard Market in the APAC Region 2015-2019, which is expected to grow at a CAGR of 11.13 percent during the forecast period of 2014-2019.
The Plasterboard market in the APAC Region is growing phenomenally because of the economic recovery and rapid industrialization. Increased usage of plasterboards in commercial and residential buildings has made the Construction industry the largest end-user industry in the Plasterboard market in the APAC Region. Currently, cost-effective plasterboard sheets are available in various designs to suit the interior requirements of each type of construction.
“Customers are demanding products that not only serve the fundamental property of lining interior walls, but also increase the thermal efficiency of buildings,” says Faisal Ghaus, Vice President of TechNavio.
“Plasterboards have a reduced impact on the environment because there is no extra requirement for cooling and heating of buildings.”
Key Market Drivers
- Increase in Construction of Residential Buildings
- Emerging Markets in APAC Region
- Cost Benefits
- Strong Economic Growth in APAC Countries
Key Market Trends
- Advances in R&D for Product Development
- Shift to Energy-efficient Products
- Industry Consolidation
- Growth of Distribution Networks
Key Market Vendors
- BGC (Australia) PTY Ltd.
- BNBM plc
- Boral Ltd.
- Chiyoda UTE Co. Ltd.
- PT Siam-Indo Gypsum Industry (SIGI)
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
