Latin America Drywall Market Report and Forecast 2024-2032

Latin America Drywall Market Outlook

The Latin America drywall market size attained a value of USD 2.95 billion in 2023. The market is further expected to grow at a CAGR of 5.3% between 2024 and 2032, reaching a value of USD 4.68 billion by 2032.

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Key Trends in the Market

Drywall, also known as gypsum board, refers to a type of board which is used as a construction component owing to its strength, proofing, and sound insulation. It is made of different layers of plies of heavy paper, plaster, and fibreboard that are hard bonded to provide extra strength to a structure.

• Drywall offers various advantages such as architectural freedom, shorter execution time, less requirement of labour, reduction of structure weight, resistance to fire, and immunity against microorganisms which is boosting its applicability across residential and commercial sectors in Latin America.

• Increasing demand for drywall in hotels, restaurants, supermarkets, schools, hospitals, malls, and commercial and corporate settings, owing to rapid infrastructure development activities, is further propelling the Latin America drywall market growth.

• The on-going renovation of industrial headquarters in the region, are boosting the application of custom drywall finishes to enhance the aesthetic appeal of structures.

• Growing research and development activities aimed towards reducing the impact on environment while producing drywalls, while generating lower debris, are expected to be the crucial market trends.

Latin America Drywall Market Analysis

Based on type, the market is segmented into standard, fire-resistant, and mould/moisture resistant. On the basis of application, the market is classified into on residential and commercial. Major countries in the Latin America drywall market are Brazil, Argentina, Mexico, Chile, Peru, and Colombia, among others.

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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. The report gives a detailed analysis of the key players in the Latin America drywall market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Saint-Gobain Group

• Etex Group

• Trevo Drywall

• Knauf Group

• USG Corporation

• Wacker Chemie AG

• Georgia-Pacific Gypsum LLC

• Grupo Promax

• Others

Latin America Drywall Market Share by Application

The residential segment, based on application, accounts for a healthy share of the Latin America drywall market. Drywalls are being increasingly preferred for residential constructions compared to the traditional construction components, owing to their insulation and sound barrier properties. Increasing disposable incomes across the nations, rising usage of advanced design tools in homes, and increasing awareness about sustainable buildings are driving the growth of this segment. Moreover, the rising investments by governments in the region towards urban planning are expected to aid the segment’s growth in the forecast period.

Latin America Drywall Market Share by Country

Based on country, Mexico holds a decent share of the Latin America drywall market. Temperature during summer can cause high degree of discomfort especially across areas like Hermosillo. Hence, the drywall market is likely to witness growth opportunities in the coming years. In addition, presence of local suppliers in Mexico is augmenting the supply chain, thereby adding to the market growth.

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Competitive Landscape

Saint-Gobain Group is a leading multinational manufacturing corporation which designs, produces, and distributed construction and industrial materials. This corporation was founded in 1665 and is currently headquartered in Courbevoie, France.

Etex Group is a gypsum product manufacturing company which is the owner of leading commercial brands such as Cedral, Durlock, Equitone, Eternit, Gyplac, Kalsi, Pladur, and Promat, among others. The company was established in 1905 and is headquartered in Flanders, Belgium.

Trevo Drywall is a prominent manufacturing company, product portfolio of which includes clover drywall sheets, metal profiles, ribbons, screws, pastas, and thermoacoustic insulation products, among others. The company was founded in 2008 and it is headquartered in Ceara, Brazil.

Other market players include Knauf Group, USG Corporation, Wacker Chemie AG, Georgia-Pacific Gypsum LLC, and Grupo Promax, among others.

Key Highlights of the Report