Market Forecast By Type (10mm Plasterboard, 13mm Plasterboard, Other), By Application (Standard Residential Construction, High Performance Residential, Commercial Applications, Other) And Competitive Landscape
Product Code: ETC310769 | Publication Date: Aug 2022 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Report Name | Philippines Acoustic Plasterboard Market |
Forecast period | 2025-2031 |
CAGR | 9.2% |
Growing Sector | Construction |
Philippines Acoustic Plasterboard Market report thoroughly covers the market. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Philippines Acoustic Plasterboard Market is experiencing growth, driven by the country's booming construction industry and increased awareness of acoustic comfort in both residential and commercial settings. This market growth is further supported by the government's infrastructure plans and the increasing number of businesses prioritizing conducive work environments for their employees.
According to 6Wresearch, the Philippines Acoustic Plasterboard Market size is estimated to grow at a CAGR of 9.2% during the forecast period of 2025-2031. The market is primarily driven by the robust expansion in the construction sector, which includes a rapid increase in both residential and commercial developments. This growth is fueled by the country’s strong economic performance and a growing middle class seeking improved living conditions. Moreover, the surge in smart home technologies has also influenced the market, as homeowners seek to integrate acoustic optimization with other automated systems for a more harmonious living space.
Despite Philippines Acoustic Plasterboard Market Growth, it faces challenges such as logistical issues due to the country’s geographic makeup as an archipelago, making transportation of materials to various islands more complicated and costly. There is also the challenge of competition from alternative soundproofing materials and technologies that offer similar benefits, which can fragment the market and put pressure on pricing and profitability. Nevertheless, the rising demand for acoustic comfort in sectors like hospitality, healthcare, education, and BPO (Business Process Outsourcing) offices opens additional avenues for growth. d environmentally friendly products are likely to succeed in capturing a larger market share.
The Philippines has implemented several policies aimed at bolstering the construction sector, with a particular emphasis on the acoustic plasterboard market. Notable among them is the Building Code of the Philippines, which has set acoustical standards in construction to minimize noise pollution in residential and commercial buildings. Additionally, government initiatives encouraging green buildings have increased the demand for sustainable and high-quality construction materials, including acoustic plasterboards.
Key players in the market have been pivotal to its growth, with companies such as Saint-Gobain, USG Boral, and Knauf leading the way in innovation and supply. They have been instrumental in driving the adoption of acoustic plasterboard through competitive pricing, product diversification, and awareness campaigns highlighting the importance of soundproofing solutions.
The future of the Philippines acoustic plasterboard industry looks promising, with projections of steady growth. This is fueled by the continuous development of urban areas and increasing standards for comfortable living conditions. The integration of smart technologies in plasterboards and the use of recyclable materials are trends that are likely to shape the market, offering enhanced acoustic solutions and support for sustainable building practices.
According to Sachin, Senior Research Analyst, 6Wresearch, the 10mm Plasterboard has traditionally been popular due to its balance of performance and cost-effectiveness, appealing to a wide range of applications. However, 13mm Plasterboard is expected to dominate the Philippines Acoustic Plasterboard Market Share due to its superior sound insulation properties.
By Application, the High-Performance Residential and Commercial Applications are witnessing strong growth over the projected period. High-performance residential construction is growing due to increased awareness of acoustic comfort within new and premium housing developments, while commercial applications are surging, driven by the development of corporate offices, BPO centers, and hospitality venues that require advanced soundproofing solutions.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Acoustic Plasterboard Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Acoustic Plasterboard Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Acoustic Plasterboard Market - Industry Life Cycle |
3.4 Philippines Acoustic Plasterboard Market - Porter's Five Forces |
3.5 Philippines Acoustic Plasterboard Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Acoustic Plasterboard Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Acoustic Plasterboard Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Acoustic Plasterboard Market Trends |
6 Philippines Acoustic Plasterboard Market, By Types |
6.1 Philippines Acoustic Plasterboard Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Acoustic Plasterboard Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Philippines Acoustic Plasterboard Market Revenues & Volume, By 10mm Plasterboard, 2021-2031F |
6.1.4 Philippines Acoustic Plasterboard Market Revenues & Volume, By 13mm Plasterboard, 2021-2031F |
6.1.5 Philippines Acoustic Plasterboard Market Revenues & Volume, By Other, 2021-2031F |
6.2 Philippines Acoustic Plasterboard Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Acoustic Plasterboard Market Revenues & Volume, By Standard Residential Construction, 2021-2031F |
6.2.3 Philippines Acoustic Plasterboard Market Revenues & Volume, By High Performance Residential, 2021-2031F |
6.2.4 Philippines Acoustic Plasterboard Market Revenues & Volume, By Commercial Applications, 2021-2031F |
6.2.5 Philippines Acoustic Plasterboard Market Revenues & Volume, By Other, 2021-2031F |
7 Philippines Acoustic Plasterboard Market Import-Export Trade Statistics |
7.1 Philippines Acoustic Plasterboard Market Export to Major Countries |
7.2 Philippines Acoustic Plasterboard Market Imports from Major Countries |
8 Philippines Acoustic Plasterboard Market Key Performance Indicators |
9 Philippines Acoustic Plasterboard Market - Opportunity Assessment |
9.1 Philippines Acoustic Plasterboard Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Acoustic Plasterboard Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Acoustic Plasterboard Market - Competitive Landscape |
10.1 Philippines Acoustic Plasterboard Market Revenue Share, By Companies, 2024 |
10.2 Philippines Acoustic Plasterboard Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |