Acoustic plasterboard is a type of plaster which contains fibers, enabling in absorbing the sound. Further, acoustic plasterboard are designed to reduce noise transmission through walls and ceilings.
It is estimated that, these plasterboards has an efficiency of reducing the noise by ~36 dB. Acoustic plasterboard are gaining significant popularity owing to the increasing consumer preference for cost-effective and durable construction materials. This, in turn, is expected to drive the growth of the market.
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Moreover, with the increasing urban migration in developing economies and consumer inclination towards high-class residential homes is anticipated to soar the demand for acoustic plasterboard market.
Furthermore, the spending in construction sector follows the overall GDP growth of the country, therefore government across the globe are taking initiatives to improve the country’s infrastructure and to stabilize the economic condition. Thus, the construction industry across the globe is expected to present significant demand for acoustic plasterboard market.
Acoustic Plasterboard Market: Market Segmentation
For a better understanding, global acoustic plasterboard market is being studied under size, application & region.
Based on the size, the acoustic plasterboard market can be segmented as:
- 10mm Plasterboard
- 12mm Plasterboard
- 15mm Plasterboard
Based on the application, the acoustic plasterboard market can be segmented as:
- Standard Residential Construction,
- High Performance Residential
- Commercial Applications
Based on the region, the acoustic plasterboard market can be segmented as:
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa (MEA)
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Regional Analysis: Developing Countries to Foster the Growth of Acoustic Plasterboard Market
Developing countries in South Asia and East Asia like India, Japan, China, Thailand, among other countries are poised to witness significant growth in the acoustic plasterboard market. However, in the current scenario, the global economy is showing a downward trend due to global pandemic especially in these developing regions, thereby, slowing the growth of acoustic plasterboard market.
However, post coronavirus related lockdown in several countries, the demand for acoustic plasterboard will swiftly rise on back of rising industrialization and increasing consumer spending on renovations in the residential sector is anticipated to drive the demand for acoustic plasterboard market.
On the other hand, North America is expected to show significant growth in the acoustic plasterboard market owing to the high demand for sustainable construction and increase in the residential and commercial spending. In addition, the prominence of manufacturers in the region is expected to spur the demand for acoustic plasterboard market during the forecast period.
COVID-19 Impact on the Global Acoustic Plasterboard Market
The COVID-19 pandemic has brought about several changes for acoustic plasterboard manufacturers and the industry as a whole. The major concern for the players is the restrictions of movement of goods from one place to another due to disrupted supply chain. Moreover, the growth of the market is contingent on the growth of construction sectors. With most of the construction activity being halted, the demand for acoustic plasterboard is foreseen to fluctuate in the near term.
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