United States Drywall Market Report and Forecast 2024-2032

United States Drywall Market Outlook

The United States drywall market size was valued at USD 15.58 billion in 2023. The market is further projected to grow at a CAGR of 5.4% between 2024 and 2032, reaching a value of USD 25.20 billion by 2032.

Key Takeaways

• In early 2019, there were 63 operating gypsum panel manufacturing plants in the U.S., with a production capacity of approximately 34.1 billion square feet per year.

• Additionally, 700,000 tons of gypsum scrap were recycled, with applications in various markets such as residential, commercial, and industrial sectors.

• As per industry reports, between 2018 and 2028, the employment outlook for drywall installers, as projected by the US Bureau of Labor Statistics, indicates a modest growth rate of 2%.

The increasing demand for energy-efficient buildings is driving the United States drywall market growth. Drywall is a popular choice for energy-efficient buildings due to its ability to provide insulation, which helps reduce energy consumption and costs. For instance, USG Corporation, a leading manufacturer of building products and innovative solutions, offers a range of drywall products that provide insulation.

There is a growing trend towards green building practices, which involves the incorporation of environmentally sustainable features in construction projects. This has led to an increase in demand for drywall and insulation contractors that meet the requirements of green building standards. For instance, National Gypsum Company, a leading manufacturer of drywall, offers a range of sustainable drywall products with LEED certification.

Moreover, the rising trend of repair, remodelling, and renovation in the residential sector is expected to be a key trend and can expand the United States drywall market share. Homeowners are increasingly investing in home renovations, which has led to an increase in demand for drywall and insulation contractors who can provide cost-effective and efficient solutions.

Standard drywall is the most cost-effective option, making it the popular choice for many construction projects, while fire-resistant and mould/moisture resistant drywall offer added safety and health benefits. Fire-resistant drywall is becoming more popular in modern construction due to its added safety benefits. It is often used in areas where fire protection is required, such as garages, kitchens, and utility rooms. Mould/moisture resistant drywall is available in various thicknesses and is used for interior walls and ceilings in residential and commercial construction, particularly in areas with high humidity or moisture levels.

Market Segmentation

United States Drywall Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Standard

• Fire-Resistant

• Mould/Moisture Resistant

Market Breakup by Application

• Residential

• Commercial

Market Breakup by Region

• New England

• Mideast

• Great Lakes

• Plains

• Southeast

• Southwest

• Rocky Mountain

• Far West

Competitive Landscape

Market players are catering to the increasing demand for drywall in various industries like construction and remodelling projects.

• Georgia-Pacific LLC 

• American Gypsum Company LLC 

• Compagnie de Saint-Gobain SA (CertainTeed, LLC)  

• National Gypsum Services Company 

• USG Corporation 

• PABCO Building Products, LLC 

• Others

Key Highlights of the Report