The scope of our recent study on the "Drywall Panels Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type and Application" includes the factors fueling the market growth, revenue estimation and forecast, market share analysis, and the identification of significant market players and their key developments.

The drywall panels market size is expected to grow from US$ 48,719.96 million in 2022 to US$ 70,723.39 million by 2028; it is estimated to register a CAGR of 6.4% from 2022 to 2028. The drywall panels market is growing due to the increasing use of drywall panels in residential and non-residential construction activities. The drywall panels market is highly competitive, owing to the presence of many regional and global players. Players compete based on product quality, product differentiation, and price. Market players are adopting different strategies to stand out as strong competitors in the market. These strategies result in the intensification of the competition in the global drywall panels market.

Based on type, the global drywall panels market is segmented into regular, moisture-resistant, plaster baseboard, paperless, type X and others. The drywall panels market share for the regular segment was the largest in 2022. Regular drywall is a plain drywall with no special features. Regular drywall is naturally fire retardant, as water molecules in the gypsum impede the spread of flames. It is the most cost-effective drywall type and is available in a variety of thickness options, ranging from 3/8th of an inch to one inch.

The global drywall panels market is segmented into five main regions-North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. Asia Pacific held the largest revenue share of the global drywall panels market in 2022. Major factors driving the drywall panels market in Asia Pacific are the increase in the use of drywall panels in residential and non-residential construction activities, the growth of the construction industry, and the presence of prominent players in the region.

Impact of COVID-19 Pandemic on Drywall Panels Market

Many economies were affected due to the COVID-19 pandemic. The COVID-19 outbreak created a temporary distortion in the operational efficiencies of industrial bases. In Europe, the construction of buildings was negligible in the region due to the shortage of laborers and the disrupted supply chain of raw materials. However, the global building & construction sector revived with the resumption of operations in 2021. According to the European Commission, construction output in the European Union grew by 3.9% in January 2022. The demand for drywall panels is witnessing a significant recovery with the resumption of construction activities in various regions.

The report includes the segmentation of the global drywall panels market as follows:

The global drywall panels market is segmented into type, application, and geography. Based on type, the drywall panels market is segmented into regular, moisture-resistant, plaster baseboard, paperless, type X, and others. Based on application, the global drywall panels market is segmented into residential and non-residential. By geography, the global drywall panels market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America drywall panels market is further segmented into the US, Canada, and Mexico. The Europe drywall panels market is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific drywall panels market is further categorized into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The South & Central America drywall panels market is further categorized into Brazil, Argentina, and the Rest of South & Central America.

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