Global Gypsum Board Market to Reach US$ 46.97 Billion by 2032

Gypsum board refers to a panel composed of gypsum which is chemically known as calcium sulphate dehydrate. It is a light-weight construction material designed for walls and ceilings of the interior or exterior of a residential or non-residential structure. Gypsum board has a control over heat penetration and does not emit any poisonous gas at high temperatures.

Despite the fact that it is not suitable for moist and wet locations (near wash basins and rest rooms), it is still known for its myriad qualities. Gypsum board is highly cost-effective, durable, stable, flexible, fire-resistant, aesthetic in appearance, recyclable in nature and easily cuts down noise transmission, thereby serving as an effective substitute to traditional lath and plaster. According to a new report by Expert Market Research, the global gypsum board market reached a value of US$ 29.51 Billion in 2023 and is further expected to reach US$ 46.97 Billion by 2032.

The demand for gypsum boards is associated with the growth of the construction sector, particularly the commercial and the housing sectors. As a result of rapidly increasing population, there has been a surge in the construction of new buildings where gypsum boards are considered of prime importance. Similarly, a rising trend of safer and sustainable construction coupled with a rise in disposable incomes have facilitated the end-users to expend more on renovations and remodelling of the building structure. Several other factors that are stimulating the growth of the global gypsum board market include growing urbanisation, industrialisation, improving living standards and high growth in residential real estate sector.

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Key findings from the report:

• Various types of gypsum boards available in the market are wallboard, ceiling board, pre-decorated board and others.

• Major end-users of gypsum boards are residential, corporate, commercial and institutional sectors.

• Region-wise, Asia-Pacific dominated the market with a share of nearly 45% of the total global demand. In Asia-Pacific, China accounted for the most of its demand. Other key regions include North America,  Western Europe, Eastern Europe, the Middle East and Africa, Central and South America.

• The global gypsum board market is surrounded by some of the top players, namely, BNBM Group, Saint Gobain, Knauf, USG Boral and Yoshino.

Expert Market Research has analyzed the global gypsum board market according to product type, end-use, regions and major players:

Market breakup by Product Type

• Wallboard

• Ceiling Board

• Pre-decorated Board

• Others

Market breakup by End-Use

• Residential

• Corporate

• Commercial

• Institutional

Market breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Top Players

• BNBM Group

• Saint Gobain

• Knauf

• USG Boral

• Yoshino

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