Gypsum Board Market
Report ID: SQMIG15F2021
Report ID: SQMIG15F2021
sales@skyquestt.com
USA +1 351-333-4748
Report ID:
SQMIG15F2021 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|Tables:
93
|Figures:
76
Global Gypsum Board Market size was valued at USD 56.63 billion in 2024 and is poised to grow from USD 63.54 billion in 2025 to USD 159.58 billion by 2033, growing at a CAGR of 12.2% during the forecast period (2026-2033).
Gypsum boards are lightweight construction materials that are commonly utilised as interior or exterior walls, ceilings, and partitions in residential or non-residential structures. They are commonly referred to as drywall, wallboard, or plasterboard and can be directly connected to wood or metal framing or existing surfaces with screws, nails, or adhesives. Gypsum boards differ from plywood, hardboard, and fibreboards in terms of sound control, versatility, quality, and convenience, as well as their non-combustible core. As a result, they have become more common and serve as a faster alternative to traditional lath and plaster.
Gypsum boards are made of a core of set gypsum, surfaced with specifically manufactured paper firmly bonded to the core. It is commonly referred to as drywall, plasterboard, and wallboard. Gypsum board is a widely used construction material for partitions and lining walls, roofs, ceilings, and floors.
The market for Gypsum boards is expected to grow in the forthcoming years owing to increase in market entrants, especially after the pandemic. In addition, the market growth is also influenced due to demand for innovative homes and unique designs.
US Gypsum Board Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2026-2033
Global Market Size
USD 50.47 Billion
Largest Segment
Wallboard
Fastest Growth
Wallboard
Growth Rate
12.20% CAGR
To get more insights on this market click here to Request a Free Sample Report
Global Gypsum Board Market is segmented by Variant, Product Type, Application, Sales Channel and region. Based on Variant, the market is segmented into Regular, Waterproof, Fire Resistant and Others. Based on Product Type, the market is segmented into Wallboard, Ceiling Board, Pre-decorated Board and Others. Based on Application, the market is segmented into Pre-engineered Metal Buildings, Residential, Industrial, Commercial and Institutional. Based on Sales Channel, the market is segmented into Direct and Indirect. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Based on product, global gypsum board market is segmented into wall board, ceiling board, pre-decorated board, others.
Wallboards became the largest product segment in 2020, accounting for more than half of all sales, owing to their widespread adoption as a replacement for plaster and lath. During the forecast period, product demand is likely to be driven by rising demand for sustainable construction. Furthermore, the product's continual innovation is projected to expand its penetration in high-end construction applications. Gypsum ceiling board is progressively replacing other traditional alternatives such as plaster in ceilings and interior walls. These ceiling boards greatly improve thermal and sound insulation in buildings while providing excellent stiffness and core strength at a cheap cost.
A growing number of commercial development projects throughout the world are expected to drive up demand for ceiling boards. The sector of pre-decorated boards is expected to grow at the quickest CAGR from 2023 to 2030 due to its widespread use in various construction projects due to their low maintenance and ease of installation. These boards are commonly used in commercial applications as they allow for changes in workspace arrangement while providing optimal stability and colour preservation to surfaces. Other gypsum-based products, such as sheathing, plaster base, and lath, are gaining market traction due to their capacity to improve the architectural design and aesthetics of building structures.
To get detailed segments analysis, Request a Free Sample Report
Based on region global gypsum board market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.
North America is dominating the global gypsum board market. Factors such as a high demand for sustainable building, as well as the quick adoption of new technology and the availability of skilled labour, have had a favourable impact on the regional market. Another major aspect driving market expansion is increased residential and commercial building spending.
Furthermore, the introduction of important producers in the region is likely to boost demand throughout the projection period. During the projected period, the Asia Pacific gypsum board market is expected to rise at a rapid pace. Increasing construction projects in China and India, as well as the region's well-established construction industry, are likely to fuel commodities demand, increasing business growth in the coming years.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Growing Construction Activities and Demand for Unique Designs to Create More Avenues for Market Growth
Price Volatility to Impede the market expansion
Request Free Customization of this report to help us to meet your business objectives.
Major corporations are concentrating their efforts on mergers and acquisitions of minor companies in the gypsum board market to broaden their geographical reach, production capacity, and product variety. Due to the presence of multiple international corporations, the market is extremely competitive. Increased R&D investments by the major firms in the creation of new product designs and textures are anticipated to exacerbate competition.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to the global gypsum board market report analysis, North America dominates the global gypsum board market. Factors such as a high demand for sustainable building, as well as the quick adoption of new technology and the availability of skilled labour, have a favourable impact on the regional market. Another major aspect driving market expansion is increased residential and commercial building spending in the region.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 56.63 billion |
| Market size value in 2033 | USD 159.58 billion |
| Growth Rate | 12.2% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Gypsum Board Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Gypsum Board Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Gypsum Board Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Gypsum Board Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
REQUEST FOR SAMPLE
REQUEST FREE CUSTOMIZATION
Gypsum Board Market size was valued at USD 56.63 Billion in 2024 and is poised to grow from USD 63.54 Billion in 2025 to USD 159.57 Billion by 2033, growing at a CAGR of 12.2% during the forecast period (2026–2033).
Major corporations are concentrating their efforts on mergers and acquisitions of minor companies in the gypsum board market to broaden their geographical reach, production capacity, and product variety. Due to the presence of multiple international corporations, the market is extremely competitive. Increased R&D investments by the major firms in the creation of new product designs and textures are anticipated to exacerbate competition. 'Saint-Gobain S.A. ', 'Knauf Gips KG ', 'National Gypsum Company ', 'Yoshino Gypsum Co. Ltd. ', 'LafargeHolcim Ltd. ', 'Beijing New Building Material (Group) Co. Ltd. ', 'BGC (Australia) Pty Ltd. ', 'Jason Plasterboard Co. Ltd. ', 'BNBM Group ', 'Gyproc Saint-Gobain (Thailand) Ltd. ', 'Ayhaco Gypsum Products Manufacturing ', 'Gypsemna Company LLC ', 'Global Mining Company LLC ', 'Gyptech Systems Inc. ', 'Beijing Beipeng New Building Materials Co. Ltd.'
Drywall and gypsum boards are interchangeable with natural gypsum. The commercial and infrastructural sectors are two of the most major industries that employ drywall and gypsum boards. Furthermore, the global urban population is expected to increase by 68 percent by 2050. This will exacerbate the demand for infrastructure development or repairs to meet the needs of an ever-increasing population.
Recycling Trend Will Probably Reshape the Market: The recycling of gypsum board is driving the market in a new direction. Today, only a tiny amount of gypsum and board products are recycled, largely for use in the manufacture of new products.
Based on region global gypsum board market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Feedback From Our Clients
USA (+1) 351-333-4748
