New York, NY -- (SBWIRE) -- 01/21/2015 -- Drywall is also known as plasterboard or wallboard. Drywall is a panel made of gypsum plaster between two thick sheets of paper. Drywall is generally used to make interior walls and ceilings. On the other hand, building plaster is used for coating walls and ceilings. Plaster is manufactured as a dry powder and is mixed with water to form a paste when used. Drywall construction became prevalent as a speedier alternative to traditional plasters.

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Based on the applications, drywall market is divided in two broad segments: Residential construction and non-residential construction. The residential segment of the drywall market is expected to witness higher growth as compared to the non-residential segment.

North America is the largest market for drywall & building plasters, followed by Europe and Asia Pacific. Asia Pacific region is expected to be the fastest growing market. China and India hold the key for future market trends in drywall & building plasters market owing to large population, increase in living standards due to higher disposable income and high growth in the construction industry.

The market of drywall & building plasters are expected to witness a double digit growth rate in the coming years. Some of the major drivers contributing the overall market growth of drywall & building plasters include increased demand for housing in urban areas, increasing non-residential building construction and increased use of modern building materials. Governments and private sectors across the globe are investing in better infrastructure facilities. Construction of residential and non-residential buildings leads to the demand for drywall & building plasters market. For infrastructure development, the U.K government's public sector investment is expected to rise by USD 4.9 billion to about USD 77.7 billion in 2013-14 over 2012-13. It is further expected to increase to about USD 83.0 billion in 2014-15. With the increase in infrastructure investment, demand for drywall & building plasters will increase.

Some of the major companies operating in the drywall & building plasters market include Armstrong World Industries Incorporated, Beijing New Building Materials Plc, BGC Australia Proprietary Limited, Boral Limited, Caraustar Industries Incorporated, Continental Building Products Incorporated and Etex Group SA.

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Key points covered in the report:

1) Report segments the market on the basis of types, application, products, technology, etc (as applicable)

2) The report covers geographic segmentation

North America
Europe
Asia
RoW

3) The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020

4) The report provides company profiles of some of the leading companies operating in the market
The report also provides porters five forces analysis of the market.

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