Drywall, plaster sales to rise worldwide
Global sales of drywall are expected to grow 8.6% annually through 2016, a massive improvement over the 2006-2011 pace, according to a report issued by The Freedonia Group, a Cleveland-based market research firm. Following severe decreases in sales during 2008-2001, drywall demand is expected to rebound sharply in North America and Western Europe. The East European market will also improve.
While advances in the Africa/Mideast region, Asia/Pacific region, and Central and South America are projected to decelerate slightly through 2016, each of these regions is still expected to record impressive growth, according to the forecasts contained in “World Drywall & Building Plaster.”
Nearly 70% of additional drywall demand generated between 2011 and 2016 will be attributable to China and the U.S., Freedonia forecasted. Sales of drywall and plaster products in the U.S. are projected to grow over 12% per year during this period. After declining sharply between 2006 and 2011, the amount of new residential floor space in the country is expected to increase at a double-d