Global Gypsum Board Market Growth Analysis - Size, Industry Share and Outlook (2024-2032)

Global Gypsum Board Market Size

The global gypsum board market reached a value of about USD 29.51 billion in 2023. The market is expected to reach a value of USD 46.97 billion by 2032, at a projected CAGR of 5.3% over the forecast period.

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Extensive Application of the Product in End Use Industries to Aid the Market Growth of Gypsum Board

North America is a significant market for gypsum board. Factors such as a strong demand for sustainable construction, combined with the rapid introduction of new technologies and the availability of trained labour, have influenced the regional market positively. Another main factor driving the growth of the market is the rising residential and commercial construction spending in the area. In addition, the emergence of prominent producers in the area is expected to stimulate demand over the forecast period. The Asia Pacific is expected to report a substantial growth rate in the gypsum board industry during the forecast period. Increasing construction projects in China and India, along with the well-established construction industry in the area, is expected to fuel commodity demand, thus boosting business growth in the coming years.

Gypsum Board Industry Segmentation

Gypsum board, generally referred to as drywall, is the premier construction material for wall, roof, and partition schemes in industrial, institutional, and industrial buildings because of its intrinsic fire resistance. Crafted to have a monolithic surface while a joint treatment device covers joints and fastener heads, gypsum materials can provide sound control, economy, flexibility, consistency, and convenience.

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The market is segmented on the basis of type into:

• Standard
• Type X
• Others

The market is categorised in terms of product into:

• Wallboard
• Ceiling
• Pre-decorated
• Others

The market is divided on the basis of end use into:

• Residential
• Commercial
• Industrial
• Institutional
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Aesthetic Improvements in the Building Structures to Aid the Market Growth of Gypsum Board

Over the past few years, the global gypsum board industry has seen phenomenal growth and is projected to witness substantial growth during the forecast period as well. This could be attributed to the rising demand from end use industries across the world. In this new age, technology has changed in the building industry, and the rising demand for aesthetic improvements in the building structures has boosted the market for gypsum board as the product has the flexibility for creating innovative designs and textures on the surface. Over the decades, the construction industry has created ample prospects for growth in the industry. Emerging markets, in particular, are increasing their investment in infrastructure. Furthermore, factors like the increasing urbanisation, rising residential industry, and many advantages of gypsum board are propelling the market growth of gypsum board.

Key Industry Players in the Global Gypsum Board Market

The report gives a detailed analysis of the following key players in the global gypsum board market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Saint Gobain
• Knauf Gips KG
• Georgia-Pacific LLC
• USG BORAL
• Etex Group
• LafargeHolcim Ltd
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

Gypsum Board Market Report Snapshots

Gypsum Board Market Size

Gypsum Board Market Growth

Gypsum Board Companies