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The global gypsum board market size was valued at USD 31.07 Billion in 2024. The industry is expected to expand at a CAGR of 5.30% during the forecast period of 2025-2034 to attain a value of USD 52.07 Billion by 2034. The increasing investments in residential construction and commercial construction projects across major economies, including China, India, and Indonesia, are projected to provide lucrative opportunity for companies in the gypsum boards market in the Asia Pacific region. The average population of these countries is increasing with economic growth, boosting the need for better-quality building materials such as gypsum boards. This leads to a tectonic shift from traditional buildings to alternative building construction.
Base Year
Historical Year
Forecast Year
The United States Geological Survey reported a domestic consumption of 41.7 million tons of calcined gypsum, which is a key product for the production of gypsum board. This high consumption is reflective of strong demand in the market and supports continuous growth for the manufacturers. As construction projects increase, the need for gypsum boards will continue to rise, driving market expansion.
The increase in residential and commercial construction projects will fuel the demand for gypsum boards. There is an increasing interest in energy-efficient, fire-resistant, and eco-friendly building materials. These factors will accelerate the adoption of gypsum boards further as the construction industry becomes modernized. All these factors will significantly drive the growth of the gypsum board market in the next few years.
Demand for gypsum boards is driven by rapid urbanization and expansion in construction in emergent economies such as China and India. The rate at which these regions continue growing their construction projects, especially housing and commercial infrastructure, forms large untapped markets where it fuels the production and distribution of gypsum boards across the globe.
Value in USD Billion
2025-2034
Gypsum Board Market Outlook
*this image is indicative*
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Eco-friendly, fire-resistant, moisture-proof, and commercial adoption trends drive growth in the gypsum board market.
As sustainability is becoming a significant concern, demand for eco-friendly gypsum boards is increasing. These boards, made from recycled materials and with low environmental impact, are becoming popular in both residential and commercial construction. For instance, USG and Knauf companies are developing gypsum boards with recycled content, contributing to green building standards. In addition, eco-friendly boards contribute to lesser carbon emissions in their manufacturing process, hence popular with green-conscious consumers. Tightening government regulations and environmental certifications are also compelling manufacturers towards using sustainable materials. These factors make it an integral trend in the gypsum board market pushing the gypsum board demand.
Fire resistance is an integral characteristic pushing innovations in the gypsum board market. Technological advancements have led to the development of fire-resistant boards that offer improved safety in buildings, especially in commercial and industrial applications. For instance, companies like Saint-Gobain have introduced gypsum boards with enhanced fire resistance, providing increased protection against the spread of flames. These products often meet or exceed international fire safety standards, making them a preferred choice for high-risk areas such as hotels, schools, and hospitals. The increasing need for fire safety and building regulation further boosts the demand for fire-resistant gypsum boards.
Moisture-resistant and mold-proof gypsum boards are in high demand with the increasing awareness regarding indoor air quality and building durability. These products can be used in bathrooms, kitchens, and basements due to their high humidity level. For instance, CertainTeed's Moisture-Resistant Gypsum Board has a more resistance to moisture, with reduced mold growth. As such, this results in increased longevity and indoor air quality. In this regard, there is increased demand for specialty gypsum boards mainly because of healthy and energy-efficient buildings as well as increased humidity levels in various regions. It is most critical in regions of frequent rain or high moisture levels such as coastal or tropical areas, thus boosting the gypsum board market revenue.
Gypsum boards are now gaining much importance in large commercial and infrastructure projects because of the ease of installation, low cost, and versatility in construction. Gypsum boards are also used for partition walls, ceilings, and acoustical applications in offices, hospitals, shopping malls, and schools. Companies like Knauf and Gyproc are specifically providing gypsum board solutions that better the needs of commercial segments with improved soundproofing, better fire resistance, among other features. The trends on infrastructure development, the shift to urbanization, as well as the emergence of more modern buildings in various regions, especially in growing economies, are creating vast increases in the demand for gypsum boards used in commercial construction sectors.
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Gypsum board has emerged as a sustainable building material in the U.S. market paving the way for more energy-efficient construction solutions. Gypsum boards are gaining more acceptance in the construction sector and thereby the market is expected to witness sustainable growth. Moreover, increasing number of natural calamities such as hurricanes and wildfires are positively impacting the gypsum board demand for their durability, and fire resistance. These boards are gaining traction in the areas susceptible to such disasters since they provide added protection and provide resilience, which, in turn, will lead to a spurt in demand in residential and commercial projects across the country.
The gypsum board market in developed regions such as North America and Europe is being positively impacted by the housing sector recovery in the post-recession period. These regions represent key markets, as wallboard usage grows in both residential and commercial buildings. An estimated 21 million tons of crude gypsum were produced domestically in 2022, valued at almost USD 250 million. The use of gypsum boards for non-load-bearing walls and suspended ceilings is cost-effective and flexible. With an increase in construction activities, the need for these materials in the interior design and renovation projects increases as well, consequently, it drives the organized market.
Major trends influencing the growth of the demand for gypsum board is the material's increased usage in the construction industry. Gypsum boards are widely preferred for wall and ceiling coverings owing to their fire-resistance properties, sound attenuation, and durability. With modern technologies that have developed new building materials like gypsum boards with decorative finishes in ceramic and plastic or metal tiles for aesthetic and functional purposes. Gypsum boards are extensively employed in various applications, including interior walls and ceilings and exterior soffits, shaft enclosures, and area-separation walls, offering fire protection and structural stability. Some gypsum boards come with aluminum foil backing and vapor retarders to improve moisture resistance. Moreover, a new trend embraced in this industry is gypsum boards owing to their compatibility with various framing systems, making them easier for the installation process as well as improving long-term reliability.
The gypsum board industry is rapidly changing, with manufacturers beginning to recognize the synergy required between wholesale, retail and direct sales strategies. It is this change that is needed for better market reach through solid distribution channels. Manufacturers can maintain product quality yet offer more competitive pricing with lower operational costs by streamlining logistics. With logistics costs on the rise, the gypsum board market is also facing pressure, which is driving companies to seek efficiency through effective third-party distribution to improve their overall profitability.
Technological advances have given rise to innovative production processes to fuel the market growth stage. Leading industry players are accelerating growth through environmentally friendly initiatives such as the Plasterboard Sustainability Partnership (PSP) and the Gypsum Sustainability Action Plan. This is done with the specific aim of enhancing environmental performance and minimizing the impact of the product lifecycle. This trend includes the introduction of green solutions to address the increasing demand while reducing environmental impact, especially in the gypsum board market as sustainability takes the center stage.
Further, leadings players in the gypsum board market are increasingly consolidating their operations through merger and acquisition (M&A) activities to enhance their product portfolio. Such an approach helps manufacturers to diversify their products and secure their market share. As the global demand for gypsum boards only increases, M&A activities become indispensable for companies by helping them strengthen and expand product portfolio, venture into newer populations, and address regional customer requirements in all possible directions.
The market for gypsum board is influenced by strict regulations and standards regarding production, application, and trade. These guidelines must be followed by manufacturers in order to provide their customers with safe and quality products. However, with adoption of alternatives seen in wool wall panels, veneer plaster, plywood, and increasing competition in niche substitutes such as basement wall finishing, gypsum boards could lose market share. However, gypsum boards are still preferred by construction professionals due to their cost efficiency and overall versatility of use.
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The construction industry uses standard gypsum boards as these boards are used mainly for interior walls and ceilings in residential, commercial, and industrial buildings. They are prized for their affordability, ease of installation, and versatile performance. Standard gypsum boards are designed to offer basic durability and fire resistance, suitable for general applications where enhanced protection is not the primary concern.
Type X gypsums boards are fire resistant and are suitable for places with a higher safety requirement. They are used in fire-rated walls, ceilings, and shaft enclosures in commercial buildings. Additives like glass fibers are added to resist the flames and enhance fire protection. These elements improve their durability and assessment attributes in extreme conditions, which may be solely critical for compliance with building codes and meeting occupier safety-related responsibilities in hazardous risk or extreme environmental areas.
One of the key products aiding the overall growth of gypsum board market which is used for the construction of interior walls in residential and commercial buildings is a wallboard. Easy to install, wallboard can provide a smooth, durable surface that is paintable and can be finished with other materials. It is inexpensive, light, and it offers a modicum of fire protection.
Due to their increased fire-resistance and soundproofing qualities, the ceiling boards are most often used in acoustic controlling and safe spaces. Ceiling boards have more fiber than normal wallboard, making them tougher. This effect makes this architectural style simple to implement in ceiling grids and creates appealing look and functionality of homes and commercial spaces.
One emerging trend in the market is the shift towards pre-decorated gypsum boards, which provide convenience and further design flexibility. These boards have a factory-finished surface paint or wallpaper; hence they do not require decoration after installation. Widely used in residential and commercial projects, these pre-decorated boards offer a seamless, pre-finished solution for interior walls and ceilings.
Gypsum boards are commonly used in interior wall and ceiling applications because of their flame-retardant, durability, and ease of installation in pre-engineered metal buildings (PEMB). These boards are ideal for pre-engineered metal building applications, because they help in creating smooth, beautiful interior finishes in buildings, without compromising the structural strength of the buildings. Gypsum boards are lightweight and economical making them well suited for buildings such as warehouses, factories, and large commercial buildings. Not only do the fire-resistant properties of steel help meet regulatory standards, but they also make it indispensable for safety in metal building constructions.
Gypsum boards are extensively used as walls and ceilings in buildings of residential sectors, which is largely due to their low cost, ease of installation, and fire resistance. They are common fixtures in interior partitions; the distinctly smooth surface can then be painted or treated to suit a number of design styles. These boards are commonly used for commercial construction of residential buildings which need good sound attenuation for peaceful experience. A seasonally adjusted annual rate of $2,195.8 billion was projected for construction spending in February 2025, which is 0.7 percent (±0.8 percent) higher than the revised January estimate of USD 2,179.9 billion. In addition to that, the gypsum boards also guarantee indoor air quality and make the house a safer and more comfortable place to stay because of their moisture resistance power.
Gypsum boards provide crucial applications in the industrial sector, it is used to build durable and fireproof walls and ceilings in several sectors of industry like factories, processing plants, and other large-scale construction. Industrial gypsum boards are specifically made for industrial environments with certain features like moisture resistance or fire resistance and are great for high-performance applications.
In the commercial construction sector, these boards are also commonly used for the installation of partitions, ceilings, and interior finishes in office buildings, retail spaces, and other commercial establishments. They may be treated in multiple ways to lead to wonderful interior design possibilities as well and have crucial structural roles to play, like fire-resistance, sound-proofing, thermal-insulation, and more. Gypsum boards have been extensively used in the construction of commercial buildings, especially in the areas of high activity where strength and easy cleaning is essential. They create boards that turn commercial spaces into comfortable, functional spaces, while following proper safety and attractive design standards.
Gypsum boards are one of the key components to provide safe, economical, and durable building materials in institutional facilities such as schools, hospitals, and government hospitals. Such settings require materials that meet high standards for fire resistance, soundproofing and air quality. Gypsum boards with good fire-resistant and sound properties are used for partitions, ceilings, area-separation walls, and others. These are typically undergo screening to ensure compliance with required regulatory and safety standards, as well as optimized environmental performance.
North America Gypsum Board Market Trends
The use of gypsum board is highly adopted in the construction of residential, commercial and industrial building in North America making the market for gypsum board mature. The United States leads the market as housing sector witnesses fast growth, making it an essential component of building materials market, alongside energy-efficient and fire-resistant materials. Regulations which mandate the use of gypsum boards, such as those related to fire safety, also help drive the prevalence of gypsum-based products. Additionally, trends in the area of ecological construction practices and production/vintage technological developments parallelly drive the market growth and market innovation in the vertical.
Europe Gypsum Board Market Trends
The European gypsum board market growth is boosted by strong set of building regulations. The regions like Germany, the UK, and France have also fueled the growth of the market due to the strong demand for green, and fire-resistant soundproofing materials. Moreover, the growing focus on sustainability in the region as well as the implementation of advanced building techniques continues to drive the demand for gypsum boards in the region.
Asia Pacific Gypsum Board Market Trends
The Asia Pacific region dominated the global market owing to rapid urbanization and infrastructure development and economic growth in countries like China, India, and Indonesia. The demand for gypsum board is being supported by the increase in construction activities, particularly in the residential and commercial sectors. Housing construction is also spurred by the region’s size and the growing middle-class population. Gypsum boards are used for interior applications in this fast-developing region, focusing more on sustainability and fire safety.
Latin America Gypsum Board Market Trends
The gypsum board industry in Latin America is growing with urbanization and investments in the construction industry. Particularly Brazil and Mexico, have been great market drivers in terms of growing demand for affordable and sustainably produced building materials. Residential construction is the largest end use; however, as a result of their durability as well as fire-resistance properties, demand for gypsum boards on account across commercial and industrial applications is anticipated to rise. The market also benefits from economic growth fueling infrastructure development, as well as a burgeoning middle class in the region.
Middle East and Africa Gypsum Board Market Trends
Regions such as South Africa play an important role in driving the growth of Middle East & Africa gypsum board market due to upcoming constructions and projects in the country. The region's focus on modernizing infrastructure as well as commercial complexes and housing units is expected to drive demand for efficient building material, thereby contributing to the overall growth of gypsum boards market. The regional market is also fueled by the growing attunement of fire safety and sustainable construction.
Gypsum board market players are focusing on sustainability, innovation, and regional expansions. Some of the efforts include the development of eco-friendly boards with recyclable materials that meet the strict environmental regulations. The gypsum board companies aim to improve the features of the product such as moisture resistance and fireproofing to meet diverse construction requirements. Expansion of manufacturing capacity in emerging markets ensures efficiency in the supply chain. Partnerships and acquisitions strengthen market presence to address increasing demands in residential and commercial construction globally.
Saint-Gobain Gyproc boasts a long history of high-performance gypsum boards, used in a wide range of building applications. The brand’s dedication to creating a more sustainable future is evident in its “Habitat and Sustainability” initiative, which includes energy-saving solutions and the decrease of carbon footprints during production.
Knauf, one of the world's largest producers of gypsum board, began an extensive and comprehensive range of products with a firm responsibility for sustainability and innovation. The company has introduced several eco-friendly gypsum board products meeting demanding industry regulations.
Georgia-Pacific LLC, founded in 1927 and located in Atlanta, USA, specializes in high-performance gypsum boards, which include DensArmor and ToughRock, and addresses a moisture-prone or even high-impact environment using durability and efficiency as core issues.
USG Boral, established in 2014 and located in Singapore, delivers state-of-the-art gypsum board products such as fire-rated, mold-resistant, and even lightweight ones that have evolved to address the requirements for modern construction needs and sustainable practice worldwide.
Gypsemna has established its presence in the Middle East market from its wide footprint in the UAE. The firm is known for its quality focus and innovation-oriented approach. They have a portfolio of gypsum board products designed for the needs of regional construction. In line with this, Gypsemna is ramping up its production capacity in order to cater to the increasing demand for sustainable construction materials in the region.
Global Mining Company LLC (GMC), Oman, is a leading gypsum board and powder factory. GMC is the largest manufacturer of organic gypsum for board manufacturers. Its operations include efficient supply chain management and strict quality control to ensure that products are effective. The company plans to increase its product range by introducing specialized gypsum products that cater to various construction requirements.
Etex Group, has emerged as the leader in the global gypsum board market driven by the principles of continuous innovation and sustainability. Their product portfolio includes moisture-resistant and fire-resistant gypsum boards. The company aims to increase capacity through mergers and acquisitions to meet demand in growing emerging markets.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
The study on the gypsum board market delivers detailed analysis on global, regional, and country level perspectives on the volume growth and revenue growth depending on specific contemporary industry trends during the forecast period of 2018 and 2034. It considers various segments and sub-segments, such as type, product, and application. By assessing all these segments, this report presents a thorough discussion of market drivers, regulations, and emerging opportunities observed in the market.
Type Outlook (Revenue, Billion, 2025-2034)
Product Outlook (Revenue, Billion, 2025-2034)
Application Outlook (Revenue, Billion, 2025-2034)
Region Outlook (Revenue, Billion, 2025-2034)
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2024, the market reached an approximate value of USD 31.07 Billion.
The gypsum board market is assessed to grow at a CAGR of 5.30% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 52.07 Billion by 2034.
The major drivers of the market include rising disposable incomes, increasing urbanisation, rising demand from the end-use industries, and extensive applications of the product.
The key trends in the market include the increasing government investment in infrastructure, especially in the emerging economies.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major types of gypsum board are standard, type X, among others.
The significant products of gypsum board are wallboard, ceiling, and pre-decorated, among others.
The major end uses include residential, commercial, industrial, and institutional, among others.
The major players in the market are Saint Gobain, Knauf Gips KG, Georgia-Pacific LLC, USG BORAL, Etex Group, LafargeHolcim Ltd, USG Zawawi Drywall LLC SFZ, Gypsemna, Global Mining Company LLC (GMC), Gulf Gypsum Co. (ASK Gypsum Factory Ltd.), National Gypsum Company, Beijing New Building Material (BNBM) Public Ltd Co., Extex Group, United Mining Industries (UMI) Company Ltd., Lafarge Group, Ahmed Yousef & Hassan Abdulla Co. (AYHACO), and Yoshino Gypsum Co. Ltd., among others.
Asia Pacific accounted for the largest share of the market.
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REPORT FEATURES | DETAILS |
Base Year | 2024 |
Historical Period | 2018-2024 |
Forecast Period | 2025-2034 |
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Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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