The global gypsum board market was valued at USD 29.51 Billion in 2023. The industry is expected to expand at a CAGR of 5.30% during the forecast period of 2024-2032 to attain a value of USD 46.97 Billion by 2032. A major driving factor of the gypsum board market is the growing construction industry with the aid of urbanization, infrastructure development, and an increase in the demand for energy-efficient and fire-resistant building materials in residential and commercial projects.
Base Year
Historical Year
Forecast Year
Value in USD Billion
2024-2032
Gypsum Board Market Outlook
*this image is indicative*
The gypsum board market is increasing due to the increased demand in residential, commercial, and industrial construction. Gypsum boards are preferred for their fire resistance, sound insulation, and cost-effectiveness. Market analysis indicates a strong demand for lightweight, moisture-resistant, and eco-friendly boards. Increased construction activities, especially in emerging economies, are driving this gypsum board demand.
Technological advancements in product quality, such as improved durability and design flexibility, are influencing market dynamics. Considering this, the market also involves ecological regulations that promote sustainable materials. This has major players strategize to further expand within regions and build strategic partnerships and product offerings innovations for better competitiveness.
The demand for environment-friendly gypsum boards is also fueled by the increasing popularity of sustainable construction materials. Companies such as Saint-Gobain and USG Corporation are now producing gypsum boards containing recycled materials that can reduce the environmental footprint. Saint-Gobain's Ecophon line of sound-absorbing, sustainable gypsum boards appeal to the increasing demand for green building certifications like LEED. This niche trend is likely to further open up the market as consumers and businesses alike turn towards sustainable construction solutions.
North America is a significant market for gypsum boards. Factors such as a strong demand for sustainable construction, combined with the rapid introduction of new technologies and the availability of trained labor, have influenced the regional market positively. Other primary driving factor of the gypsum board market includes growing residential and commercial construction expenditures in the region.
Besides that, the entry of large-scale producers in the region will lead to an increase in demand over the forecast period. Asia Pacific is expected to reflect a high growth rate during the forecast period for the gypsum board industry. The increasing construction projects in China and India, along with the established construction industry in the region, is expected to drive commodity demand, thereby boosting business growth over the next few years.
Residential, commercial, and hospitality buildings demand specialized gypsum boards for soundproofing purposes. Companies like Knauf have developed gypsum boards especially for acoustic performance, including Knauf Soundboard. These boards enhance noise reduction and sound control in environments such as hotels, schools, and offices. As concerns over noise pollution grow, demand for these niche products is likely to increase, and manufacturers that provide high-performance acoustic solutions will benefit.
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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.
The gypsum board market, which had made tremendous progress in the last three decades, continued its growth trend and is expected to experience similar growth in the forecast period. 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 growth of the gypsum board market 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.
The growing demand for sustainable, eco-friendly building materials offers significant gypsum board market opportunities for the market players. With consumers increasingly focusing on energy efficiency and low environmental impact in construction, companies can take advantage of this trend by offering products that feature innovative attributes such as air-purification, moisture resistance, and improved durability. The expanding construction sectors, especially in the emerging economies of Asia-Pacific, further increase the potential for growth, offering a promising avenue for businesses to meet the demand for greener building solutions.
Air-purifying gypsum board technology is gaining popularity as seen in the example of Jayaboard's SHEETROCK PROTECH in Indonesia; hence, it is bolstering the gypsum board market dynamics and trends. This product, with the special formulation and surface, absorbs from the indoor environment the so-called harmful emissions, such as formaldehyde, thus assuring improved indoor air quality. This technology meets the demand of healthier and more environmentally friendly building materials since consumers are looking for healthy and green building materials. Jayaboard is at a leadership position in improving indoor environments and complying with environmental standards with this air-purifying feature.
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“Gypsum Board Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
The market is segmented on the basis of type into:
The market is categorised in terms of product into:
The market is divided on the basis of end use into:
Market Breakup by Region
By Type Analysis
Cost-effectiveness makes standard gypsum boards more in demand for both residential and commercial usage. Type X boards with increased fire resistance are finding usage more often in risky areas and major projects as the government strictly implements strict safety norms. "Others" in the list would be those that include moisture-resistant boards, soundproof boards, etc. and find applications in the sectors of hospitals, schools, and high-class dwellings. All the aforementioned factors have raised the bar of global demand on all fronts, as per gypsum board industry analysis.
Market Analysis by Product
Wallboards are used the most for interior construction, offering both strength and value. Ceiling boards are popular for aesthetics and sound value. Pre-decorated boards are also in demand in this context. "Others" include specialty products that happen to be moisture-resistant or fireproof. These product groups are part of changing building trends, sustainable construction processes, and customer preference for more user-friendly and versatile applications around the world in residential, commercial, and industrial uses.
End Use Insights
As per gypsum board market analysis, gypsum boards have become increasingly popular across a wide range of end uses, due to the adaptability and efficiency it offers. They are cost-effective, long-lasting solutions in residential walls and ceilings. The commercial industry values gypsum boards for sleek, modern designs and soundproofing in offices, hotels, and retail spaces. Industrial use stresses fire resistance and durability in warehouses and factories. Institutional settings, such as schools and hospitals, benefit from their safety standards and environmental friendliness in meeting strict regulatory compliance and sustainability goals.
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North America Gypsum Board Market Opportunities
The North America gypsum board market has been estimated to be valued over USD 13 billion due to the strong construction activities along with advanced building codes focusing on performance-based standards like fire resistance and acoustic insulation. Moisture-resistant and soundproof boards are also being highly preferred for fulfilling different regional requirements. Ongoing innovations such as lightweight boards and eco-friendly boards will help expand product diversity and sustainability-based solutions in light of increasing strictness of regulations on sustainability.
Asia Pacific Gypsum Board Market Trends
The Asia-Pacific region's gypsum board market is growing rapidly, mainly in China and India, owing to rapid urbanization and infrastructure growth. Increasing demands for lightweight gypsum boards arise with the rising demand for cost-efficient and durable construction materials. Government-led housing projects and smart city initiatives fuel growth in the market. There is also an increase due to energy-efficient building trends encouraging the use of eco-friendly boards, thus enabling manufacturers to cash in on such sustainability-oriented policies.
Europe Gypsum Board Market Dynamics
Megaprojects by the Saudi government and rapid urbanization, particularly in the UAE drive the expansion of the Middle East and Africa construction sectors. Large-scale developments require massive demand for gypsum boards, such as fire-resistant and lightweight. Increasing awareness and partnerships to create local capacities enhance growth opportunities, notably in energy-efficient and moisture-resistant product segments.
Middle East and Africa Gypsum Board Market Drivers
The construction sector in the Middle East and Africa is expanding through government megaprojects as well as urbanization by countries such as Saudi Arabia and UAE. Gypsum boards are lightweight, fire-resistant, and of immense demand for large-scale developments. The growth opportunities arise due to increased awareness about sustainable construction, along with partnerships for building local manufacturing capacities, primarily in energy-efficient and moisture-resistant product segments.
Latin America Gypsum Board Market Insights
Latin America, particularly Brazil and Mexico, has driven the growth of gypsum boards through economic recovery and investment in infrastructure, which demand lightweight, and durable boards for residential and commercial construction. The demand for building affordable houses has been improved by government programs, along with the enforcement of strict building codes, promoting the use of fire-resistant boards and environmental-friendly boards. One opportunity here is overcoming some of the challenges posed in tropical regions with moisture-sensitive gypsum boards.
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, a company founded in 1665 and headquartered in Courbevoie, France, specializes in providing solutions for various gypsum boards that are moisture-resistant, fireproof, and soundproof under the brand Gyproc, promoting sustainability and innovation.
Knauf Gips KG, established in 1932 and based in Iphofen, Germany, offers diverse gypsum boards for residential...
Georgia-Pacific LLC, founded in 1927 and located in Atlanta, USA, specializes in high-performance gypsum board...
USG Boral, established in 2014 and located in Singapore, delivers state-of-the-art gypsum board products such ...
*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.*
Other key players in the global gypsum board market are Etex Group, and LafargeHolcim Ltd., among others.
Gypsum board startups aim at innovation by offering the construction sector sustainable, cost-effective, and high-performance solutions. Eco-friendly products are in the mainstream of their development agenda. They pay attention to increasing fire-resistant, moisture-resistant, and acoustic insulation properties. Emerging markets can be catered to as well as the production efficiency to be improved with customized solutions being offered for residential, commercial, and industrial applications considering the evolution in construction demands.
Mada Gypsum
Mada Gypsum specializes in making high-quality gypsum boards on the basis of sustainability and fire resistance. Their product line caters to the needs of the construction industry, supplying solutions for residential and commercial projects.
Gypsum Technologies
Gypsum Technologies produces innovative, environmentally friendly gypsum board products, emphasizing the aspects of energy efficiency and sound insulating. They provide solutions to serve the needs of modern construction and improve the durability and sustainability of buildings.
*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 2023, the market reached an approximate value of USD 29.51 Billion.
The gypsum board market is assessed to grow at a CAGR of 5.30% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 46.97 Billion by 2032.
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, and LafargeHolcim Ltd, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Product |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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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
+91-858-608-1494
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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