form , the global plasterboard market can be divided into tapered-edged or square-edged . Residential and non-residential buildings are two segments of the market on the basis of end-users while geographically , the report studies the lucrativeness of the regions of North America , Europe , Asia Pacific , and Rest of the World .
Global Plasterboard Market : Drivers and Restraints
The market is primarily driven by the increasing consumer preference for low cost and yet durable construction materials . Since plasterboards are easily installed , they are gaining popularity among the end-users as it speeds-up the construction process . The report also detects that the growing inclination toward sustainable construction methods are being preferred by the companies , which will further favor the update during the forecast period . Conversely , environmental concerns across the world is one prominent factor that may hinder the growth rate of the market for plasterboard . According to their analyst of the report , the increased investments for research and development of eco-friendly and high-performance plasterboard will open new opportunities in the near future .
Currently , non-residential sector serves significantly more demand than residential segment , gaining from its benefits such as easy installation which leads to quick construction , helps in repair , and allows flexible architecture that are often preferred for the construction of non-residential buildings . By the type of product , fire-resistant segment has the maximum demand , which is a reflection of increased safety concerns and government regulations pertaining to safe construction of corporate offices and shopping centers .
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Global Plasterboard Market : Regional Outlook
Currently Asia Pacific , with emerging economies such as China and India wherein industrialization is at an all-time peak , contributes the maximum demand for plasterboard , and will remain the most prominent regional market over the course of next few years . The demand from North America is expected to expand at second best CAGR during the forecast period of 2016 to 2023 .