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Report Overview
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.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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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.
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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.
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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.
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 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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