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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Plasterboard Market Outlook
The global plasterboard market stood at a value of more than USD 24.27 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of around 5.3% to reach a value of over USD 38.57 billion by 2032.
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Increasing Demand for Impact Resistant Plasterboards to Aid the Global Plasterboard Industry Growth
Impact resistant plasterboard offers higher density and excellent fire performance, and the duty rating of these boards are severe in a single board system application. The toughness offered by the product makes it an ideal choice for structures that experience rough usage on regular basis such as schools, hospitals, hotels, and gyms, among others. This is likely to invigorate the market in the coming years. Moreover, the growing concerns pertaining to the safety and security of families living in residential complexes is likely to propel the demand for impact resistant plasterboards due to their durability.
The Asia Pacific Accounts for a Significant Share in the Market
The market in the region is anticipated to be driven by the rising investments in infrastructure development projects in industries including healthcare, government, and hospitality, among others. Additionally, the presence of a large population base in India and China, coupled with the emergence of affordable housing schemes in these countries is likely to be a major aiding factor. Moreover, the strong foot hold of local manufacturers in the region is expected to further boost the demand for plasterboards in the forecast period.
Plasterboard: Market Segmentation
Plasterboard, also known as gypsum board, gyprock, or drywall, is defined as a panel composed of calcium dihydrate which is used to protect a building or a structure from fire, and for providing acoustic insulation and thermal efficiency. Plasterboard is widely used as an interior wall or ceiling in commercial or residential buildings.
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Based on form, the market can be segmented into:
- Tapered-Edged
- Square-Edged
- Round-Edged
- Bevelled-Edged
- Others
On the basis of product type, the market is segmented into:
- Fire-Resistant
- Sound Insulation
- Moisture-Resistant
- Thermal
- Impact-Resistant
- Others
The significant end-users of the product include:
- Residential
- Commercial
- Industrial
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Expansion of the Building and Construction Sector to Boost the Growth of the Plasterboard Industry
The thriving building and construction industry, owing to the rapid urbanisation and rising population, is driving the growth of the market. This is also being supported by the rising disposable income and increasing immigration of working-class to the cities. In addition to this, the growing preference towards thermally stable, fire-resistant, and durable construction materials is anticipated to be a major factor invigorating the market. Moreover, plasterboard is cost-effective as compared to its counterparts such as traditional plaster and lath. Hence, the product is likely to witness an increased adoption for affordable housing projects. Furthermore, the market is anticipated to be propelled by the rising demand for construction materials exhibiting sound insulation.
Key Industry Players in the Global Plasterboard Market
The report gives a detailed analysis of the following key players in the global plasterboard market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Armstrong World Industries, Inc.
- Atiskan Gypsum Products Co. Inc.
- Fletcher Building Limited
- USG Boral Limited
- Georgia Pacific LLC
- Others
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.
Key Highlights of the Report
| 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 Form |
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| Breakup by Product Type |
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| Breakup by End-User |
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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. |
Plasterboard 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 plasterboard market attained a value of more than USD 24.27 billion.
The market is estimated to grow at a CAGR of 5.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 38.57 billion by 2032.
The major drivers of the market include the rising application of plasterboard in construction projects, rapid urbanisation, increasing inclination towards aesthetic, thermally stable and superior quality construction materials, and rising disposable income.
The rising demand for plasterboard as an alternative to traditional plasters and laths is expected to be a key trend guiding the growth of the industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Tapered-edged, square-edged, round-edged, and bevelled-edged are the different forms of the product considered in the market report.
Fire-resistant, sound insulation, moisture-resistant, thermal, and impact-resistant, among others are the major product types in the market.
Residential, commercial, and industrial, among others are the significant end-users of the product.
The major players in the industry are Armstrong World Industries, Inc., Atiskan Gypsum Products Co. Inc., Fletcher Building Limited, USG Boral Limited, and Georgia Pacific LLC, among others.
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