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Report Overview
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 5.30% over the forecast period.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- Domestic consumption of calcined gypsum, used in wallboard production, was 41.7 million tons in recent years, according to the United States Geological Survey.
- Gypsum board market growth will likely be furthered by increased construction activity, especially in residential and commercial projects, and improving construction materials.
- Drivers of growth in the gypsum board industry include rapid urbanization and rapidly growing construction activities in emerging economies such as China and India.
Growth Drivers
Increasing construction activities, technological advancements, and rising demand for sustainable materials drive market growth.
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.
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 global gypsum board market attained a value of nearly USD 29.51 Billion.
The market is projected to grow at a CAGR of 5.30% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach 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 06 17 27
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 287899028, +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
+84865399124