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Report Overview
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.
2023
Base Year
2018-2023
Historical Year
2024-2032
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.
Competitive Landscape
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.
Key Market Players
Key industry leaders in this market are:
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, commercial, and industrial use, focusing on acoustic performance, fire resistance, and environmental standards in construction.
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.
Other key players in the global gypsum board market are Etex Group, and LafargeHolcim Ltd., among others.
Gypsum Board Market Report Snapshots
*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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Key Questions Answered in the Report
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.
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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