The market is projected to observe high growth over the forecast period owing to initiatives by the government, focusing on manufacturing and infrastructure development. According to Market Research Future (MRFR), the global fluidizer in plasterboard market is projected to reach USD 445.4 MN by 2030. In its recently published analysis, MRFR also asserts that the market would register a CAGR of 5.42% during the assessment period (2021-2030).
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Increasing residential construction activities and the rising number of special economic zones (SEZs) drive the market growth, predominantly. Moreover, increasing focus on green buildings to achieve energy efficiency and control the emissions is expected to substantiate the growth of the global fluidizers in plasterboard market. Also, the growing adoption of cost-effective and eco-friendly solutions is expected to boost the growth of the global market during the forecast period.
On the other hand, project execution criticalities and lack of workforce with the required technical competencies are expected to intimidate the growth of the market. Nevertheless, technological advancements are expected to support market growth, bringing about efficient manufacturing solutions, increasingly. Moreover, sustainable, green practices to help to get construction permits faster, alongside, the inflations in traditional construction methods would contribute to the market growth.
Global Fluidizers in Plasterboard – Segments
The report is segmented into five dynamics to widen the scope of understanding,
By Form : Liquid and Powder/Granules
By Chemistry : Naphthalene Sulfonates, Lignosulphonates, Polycarboxylates, and Melamine Sulfonates, among others.
By Application : Damp Proof, Insulated, Moisture Resistant, Sound Insulation, and Fire Resistance, among others.
By End-use : Residential and Non-Residential.
By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.
Global Fluidizers in Plasterboard Market – Regional Analysis
The Asia Pacific region dominates the global fluidizers in plasterboard market with the largest share. In 2018, the region accounted for 43.11% of the market share, globally. China, one of the leading markets in the region, had accounted for over half of the overall revenue share of the APAC market, in 2018. The Indian fluidizers in plasterboard market is estimated to grow at a 5.96% CAGR during the forecast period, 2021 to 2030.
The market demonstrates a vast pool of opportunities to expand grow due to the availability of cost-completive labor force, ample availability of raw materials, and low market penetration of these materials. Creating awareness about the benefits of fluidizers in plasterboard in Global construction sector will fetch good results. Considering the advantages of scale efficiency and process effectiveness can further push the green envelope to the positive side.
North America is another lucrative market for the fluidizers in plasterboards, globally. The recovering growth of residential construction sector in the US attributes to the growth of the market. The North American fluidizer in plasterboards market is projected to reach USD 132.1 MN by 2030, registering a CAGR of 5.42% over the forecast period. The augmenting demand for commercial spaces due to the growth of service sectors such as IT, BFSI, and telecom is substantiating the market demand, driving the construction industry.
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The fluidizers in plasterboards market in the Middle East Africa region is projected to reach a value of USD 17.4 MN by the end of 2030, registering a CAGR of 4.01% over the assessment period.
Global Fluidizers in Plasterboard Market - Competitive Landscape
Highly competitive, the fluidizer in plasterboard market appears to be fragmented due to the presence of several well-established players. To gain a substantially large market share, these players incorporate strategic initiatives such as mergers acquisition, collaboration, product technology launch, and expansion. These players try to bring novelty in their products integrating with other technologies. These product solutions include roofing, boards panels, and the roof that meet the entire spectrum of customer demand with single-point responsibility and responsiveness.
Players leading the global fluidizers in plasterboard market include Intesa Holding S.p.A. (Italy), PCC Group (Germany), Kao Corporation (Japan), Geo Specialty Chemicals, Inc (US), Giovanni Bozzetto S.p.A. (Italy), Hubei Aging Chemical Co., Ltd (China), CHRYSO SAF (PTY) Ltd (South Africa), KMT Polymers (Turkey), Polyplast JSC (Russia), Chemanol (Saudi Arabia), 3D Resources SDN. BHD (Malaysia), and Handy Chemicals Ltd (Canada), among others.
Industry Advancements/Related News
April 24, 2021 ---- Knauf Gips KG (Germany) a multinational supplier of gypsum board, plasterboard, and wallboard announced the successful completion of its acquisition of USG Corporation (the US), a leading manufacturer and distributor wallboard and gypsum products in North America.
Knauf has manufacturing operations in regions such as MEA, Asia, and Central South America. However, Knauf previously did not have a significant presence in the US drywall and plaster market, where USG is the industry leader. Combining the second and third-largest producers globally, the acquisition strengthens Knauf's competitive position in the world of drywall and building plaster industry, significantly.
Also, the transaction would boost the size of Knauf's North American business operations, considerably. The joint company would benefit from other synergies as well. The merged enterprise would gain scaled-up economies by combining Knauf's European ceiling business with the USG's ceiling operations in the US. Knauf has also announced its plan to integrate its North American insulation division with USG's drywall and sheathing product businesses.
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