Mexican demand to fuel gypsum board growth
A surge in residential construction in Mexico will help grow the gypsum board market over the next several years, according to a study just released by the Freedonia Group. Through 2011, the Mexican market is forecast to post the fastest growth for drywall at 5 percent per annum in terms of square feet. Gains will benefit from Mexican government initiatives to relieve the nation’s housing deficit, as well as further market penetration of construction methods that utilize gypsum board.
Overall, the demand for drywall in North America is projected to grow through 2011 by 3 percent per year to $6 billion. Water resistant or “green” gypsum board will post above-average gains despite the projected slowdown in residential construction, thanks to the trend toward multiple bathrooms and larger kitchens.
The Freedonia study looks at a variety of gypsum market factors in the United States, Mexico and Canada and includes profiles of 24 drywall suppliers.