Singapore Plasterboard Market (2024-2030) | Growth, Outlook, Companies, Revenue, Value, Size, Share, Analysis, Forecast, Trends & Industry

Singapore Plasterboard Market Synopsis

The Singapore plasterboard market is estimated to reach a value of USD 1.14 billion by 2026, registering a CAGR of 4.1% during the forecast period (2020-2026). Plasterboard is an engineered construction material, which consists of two thick sheets made using paper and gypsum with one side facing outward that provides support and strength for walls and ceilings due to its high tensile strength. It is used in commercial buildings as well as residential complexes in Singapore owing to its fire protection properties along with soundproofing capabilities offered by it.

Market Drivers

The primary driver for the growth of the Singapore plasterboard market includes rising investments in infrastructure development projects across various industries such as automotive, retail, healthcare, hospitality & travel industry ETC, thereby leading to increased demand from these segments. Moreover, increasing urbanization has led to rapid growth in construction activities especially housing units leading to an increase in demand for plasterboards over other traditional wall finishing materials like paint or wallpaper applied on concrete surfaces resulting into further boost for this market segment over coming years. In addition, government initiatives towards smart cities through implementation of advanced technologies combined with green building codes are expected provide sufficient tailwinds for the overall industry???s outlook going forward.

Market challenges

A major challenge faced by the industry include availability limitation imposed by authorities on imported materials due to their carbon footprint causing environmental concerns primarily related to air pollution since most raw materials used for production have been sourced from China currently.This might create some supply disruptions and thus affect pricing dynamics negatively impacting overall revenue generation estimates adversely. Additionally, frequent fluctuations affecting currency exchange rate additionally adds to cost pressure making them uncompetitive against regional competitors while competing globally.

Key players

Knauf Gips KG, USG Boral Limited, CSR Building Products Ltd, Saint ??? Gobain S A, CertainTeed Corporation are the major players.

Covid-19 Impact

COVID - 19 pandemic had severely affected almost all sectors including construction industry significantly due reduced investment levels among individuals as well businesses coupled with liquidity crunch caused due lockdowns implemented across countries worldwide resulted into huge losses incurred both at micro level operations as macro economic situations. This resulted into drastic decline witnessed especially during first half 2020 but gradually started recovering momentum post quarter 3 2020 when situation normalised slightly. We expect this trend continue improving going ahead providing slight upliftment towards end 2021 taking recovery process back on track

Key Highlights of the Report:

• Singapore Plasterboard Market Outlook
• Market Size of Singapore Plasterboard Market, 2023
• Forecast of Singapore Plasterboard Market, 2030
• Historical Data and Forecast of Singapore Plasterboard Revenues & Volume for the Period 2020-2030
• Singapore Plasterboard Market Trend Evolution
• Singapore Plasterboard Market Drivers and Challenges
• Singapore Plasterboard Price Trends
• Singapore Plasterboard Porter's Five Forces
• Singapore Plasterboard Industry Life Cycle
• Historical Data and Forecast of Singapore Plasterboard Market Revenues & Volume By Types for the Period 2020-2030
• Historical Data and Forecast of Singapore Plasterboard Market Revenues & Volume By Standard for the Period 2020-2030
• Historical Data and Forecast of Singapore Plasterboard Market Revenues & Volume By Fire-resistant for the Period 2020-2030
• Historical Data and Forecast of Singapore Plasterboard Market Revenues & Volume By Sound-insulated for the Period 2020-2030
• Historical Data and Forecast of Singapore Plasterboard Market Revenues & Volume By Moisture-resistant for the Period 2020-2030
• Historical Data and Forecast of Singapore Plasterboard Market Revenues & Volume By Thermal for the Period 2020-2030
• Historical Data and Forecast of Singapore Plasterboard Market Revenues & Volume By Specialist for the Period 2020-2030
• Historical Data and Forecast of Singapore Plasterboard Market Revenues & Volume By Impact-resistant for the Period 2020-2030
• Historical Data and Forecast of Singapore Standard Plasterboard Market Revenues & Volume By Triple low-e, gas-filled for the Period 2020-2030
• Historical Data and Forecast of Singapore Plasterboard Market Revenues & Volume By Form for the Period 2020-2030
• Historical Data and Forecast of Singapore Plasterboard Market Revenues & Volume By Tapered-edged for the Period 2020-2030
• Historical Data and Forecast of Singapore Plasterboard Market Revenues & Volume By Square-edged for the Period 2020-2030
• Historical Data and Forecast of Singapore Plasterboard Market Revenues & Volume By End-users for the Period 2020-2030
• Historical Data and Forecast of Singapore Plasterboard Market Revenues & Volume By Residential for the Period 2020-2030
• Historical Data and Forecast of Singapore Plasterboard Market Revenues & Volume By Non-residential for the Period 2020-2030
• Singapore Plasterboard Import Export Trade Statistics
• Market Opportunity Assessment By Types
• Market Opportunity Assessment By Form
• Market Opportunity Assessment By End-users
• Singapore Plasterboard Top Companies Market Share
• Singapore Plasterboard Competitive Benchmarking By Technical and Operational Parameters
• Singapore Plasterboard Company Profiles
• Singapore Plasterboard Key Strategic Recommendations