It is forecast that global drywall sales is expected to grow by 8.5% yearly to 10.7 billion sq. m. by 2016. Subsequent to the immense loss during 2008-2011 drywall requirement is anticipated to bounce back in Western Europe, North America and Eastern Europe.
However, development in Central and South American, Asia/Pacific and Africa/Mideast markets is expected to slow down marginally during this duration, as non-residential building construction expenditure will grow slower than before.
Close to 70% of the extra drywall requirement created during 2011-2016 will be accounted for by the U.S. and China. In the U.S., sales of merchandise are expected to grow more than 12%. Quantity of new residential floor space is anticipated to grow at a double-digit rate. Quick non-residential building construction expenditure gains will also galvanize growth in the U.S. drywall market. In China, drywall requirement is prognosticated to increase 11% yearly up to 2016 due to spurt in residential and non-residential constructions. As drywall grows in popularity, it will be used more and more in residential constructions in future.
Residential drywall market will grow faster than the non-residential segment during 2011-2016. Higher requirements for urban housing will result in increased spending on residential constructions in Central and South America, Eastern Europe and Mideast/Africa regions. All through 2016, the Asia/Pacific region will show above-average housing expenditure gains.
Requirement for building plaster at the global level is predicted to rise by 5.5% annually to about 37 Mmt in 2016. But, the sector will display lesser growth than the drywall sector. Construction firms will use more drywall-based building methods through 2016 as opposed to wet construction techniques which use more building plaster. Some of the loss will be compensated by more use of joint compounds during the drywall installation.