The small pegs or hooks that are fitted into the board's holes or perforations are where pegboard derives its name. These pegs or hooks are a flexible storage and organization option since they may be used to hang, arrange, and display different items. These insertable pegs or hooks, which are a key component of the pegboard, are referred to as the "peg" in the pegboard.

Hardboard, often known as particleboard, or metal are frequently used to make pegboards. The most popular type of pegboard, called hardboard, is made of compressed wood fibers and glue and offers a reliable and affordable alternative. Although less frequent, metal pegboard has more durability and a more contemporary appearance.

A pegboard's price might vary depending on the type of material used, the durability of the board, and consumer demand. Pegboards of superior quality that are built of sturdy materials like aluminum or hardboard are typically more expensive. The cost may also be affected by any specialist finishes or treatments. Pricing can also be affected by location and market demand, as higher demand

Yes, you can mount the pegboard on drywall but you will need a 1/2 inch gap between the wall and the pegboard.
To space a pegboard you will need to have a 1/2 inch gap behind the pegboard so that you can install hooks to hold it in place.
Pegboard can have different hole sizes. Some will have 1/4 inch holes and others will have 1/8 inch holes.
Pegboard Is made of compressed wood fibres and resin, which is then coated with a thin layer of oil.
Pegboard can support weights of up to 100lbs if it's been mounted securely, so you can put anything on it that is within the weight limit.
No, it is not waterproof it cannot get wet. Water renders wooden pegboard useless.