Global Gypsum board market

Global Gypsum Board Market Size, Share, Growth Analysis, By Product(Wallboard, Ceiling Board), By Type(Standard, Type X), By Application(Pre-engineered Buildings, Residential) - Industry Forecast 2023-2030


Report ID: SQMIG15F2021 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 93 | Figures: 76

Global Gypsum Board Market Insights

Gypsum Board Market size was valued at USD 44.98 billion in 2021 and is poised to grow from USD 50.47 billion in 2022 to USD 142.22 billion by 2030, growing at a CAGR of 12.20% in the forecast period (2023-2030).

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 - 2023-2030

Global Market Size

USD 44.98 billion

Largest Segment

Wallboard

Fastest Growth

Wallboard

Growth Rate

12.20% CAGR

Global Gypsum Board Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Gypsum Board Market Size By Product, 2021-2028 ($ Bn)
Global Gypsum Board Market Size By Product, 2021-2028 (%)

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Global Gypsum Board Market Segmental Analysis

Global gypsum board market is segmented based on product, type, application, and region. Based on product, the market is segmented into wall board, ceiling board, pre-decorated board, others. Based on application, the market is segmented into pre-engineered buildings, residential, industrial, commercial, institutional. Based on type, the market is segmented into standard, type X, others. Based on region, the market segmentation spans North America, Asia Pacific, Europe, Latin America and Middle East Africa.

Gypsum Board Market Analysis by Product:

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.

Global Gypsum Board Market By Product , 2021(%), 2021 (%)

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Global Gypsum Board Market Regional Insights

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.

Global Gypsum Board Market By Geography, 2021 - 2028, 2023-2030
  • Largest
  • Fastest

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Global Gypsum Board Market Dynamics

Gypsum Board Market Driver

Growing Construction Activities and Demand for Unique Designs to Create More Avenues for Market Growth

  • 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. 
  • Many building projects are being planned and carried out in developing economies such as India, China, and Indonesia. Thus, increased construction activity is expected to drive demand for drywall and gypsum boards, propelling the market during the forecast period.
  • It can be used for creating the unique designs and texture for ceilings. The demand for creating aesthetically pleasing wall decor during construction is increasing day by day which in turn helps the market to expand widely.

Gypsum Board Market Restraint

Price Volatility to Impede the market expansion

  • Fluctuations in the raw material prices and implementation of strict regulations regarding gypsum mining are the factors hindering the growth of the market.
  • Growing concern of environmental degradation by forming the by-product of hydrogen sulphide causes major setbacks for the market. Gypsum board residue is disposed of in landfills where the wet, oxygen-free, and carbon-containing circumstances cause the sulfate in the gypsum to break down into poisonous hydrogen sulfide. Therefore, special precautions are needed at landfills for construction and demolition waste to stop these risks to the environment, public health, and safety.

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Global Gypsum Board Market Competitive Landscape

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.

Top Players in the Global Gypsum Board Market

  • Saint-Gobain S.A.
  • Knauf Gips KG
  • Georgia-Pacific LLC
  • USG Corporation
  • National Gypsum Company
  • Yoshino Gypsum Co. Ltd.
  • LafargeHolcim Ltd.
  • Beijing New Building Material (Group) Co. Ltd.
  • BGC (Australia) Pty Ltd.
  • Taishan Gypsum Co. Ltd.
  • Jason Plasterboard Co. Ltd.
  • CertainTeed Corporation
  • Continental Building Products Inc.
  • 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.

Gypsum Board Market Recent Developments

  • In August 2022, CertainTeed plans to invest USD 1.1 million in the installation of recycling machinery at its Florida gypsum wallboard factory in Palatka. The renovation will decrease the site's CO2 emissions by 2260t per year while simultaneously increasing the recycled content of its wallboard products produced at the unit by 18,000t per year.
  • In February 2022, Etex completed the major acquisition of Australia's top-three plasterboard players. This strategic milestone enables Etex to expand its footprint in the country's well-developed construction market. The contribution of Australia's newly acquired plasterboard business to Etex's revenue in 2021 accounted for EUR 124 million.
  • In July 2022, Holcim acquired Cantillana, a leading specialty building solutions provider based in Belgium, with 2022 estimated net sales of EUR 80 million. This acquisition could strengthen Holcim's position in building renovation and energy efficiency solutions.

Global Gypsum Board Key Market Trends

  • 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.
  • Environmental Concerns: Rise in consumer concerns about the environment are garnering a lot of negative attention, which is undoubtedly hampering the market growth. Key players are resorting to recycling to minimize economic losses and maintain consumer trust. 

Global Gypsum Board Market SkyQuest Analysis

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 2021 USD 44.98 billion
Market size value in 2030 USD 142.22 billion
Growth Rate 12.20%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Wallboard, Ceiling Board, Pre-decorated board, others
  • Type
    • Standard, Type X, Others
  • Application
    • Pre-engineered Buildings, Residential, Industrial, Commercial, Institutional
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
  • Saint-Gobain S.A.
  • Knauf Gips KG
  • Georgia-Pacific LLC
  • USG Corporation
  • National Gypsum Company
  • Yoshino Gypsum Co. Ltd.
  • LafargeHolcim Ltd.
  • Beijing New Building Material (Group) Co. Ltd.
  • BGC (Australia) Pty Ltd.
  • Taishan Gypsum Co. Ltd.
  • Jason Plasterboard Co. Ltd.
  • CertainTeed Corporation
  • Continental Building Products Inc.
  • 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.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Gypsum Board Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Gypsum Board Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global 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 Global 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 Global Gypsum Board Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global 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.

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FAQs

Gypsum Board Market size was valued at USD 44.98 billion in 2021 and is poised to grow from USD 50.47 billion in 2022 to USD 142.22 billion by 2030, growing at a CAGR of 12.20% in the forecast period (2023-2030).

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', 'Georgia-Pacific LLC', 'USG Corporation', 'National Gypsum Company', 'Yoshino Gypsum Co. Ltd.', 'LafargeHolcim Ltd.', 'Beijing New Building Material (Group) Co. Ltd.', 'BGC (Australia) Pty Ltd.', 'Taishan Gypsum Co. Ltd.', 'Jason Plasterboard Co. Ltd.', 'CertainTeed Corporation', 'Continental Building Products Inc.', '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.

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Global Gypsum board market

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