Who are the key players in Gypsum Board Market?

Saint Gobain, Georgia-Pacific LLC, USGKnauf, Etex Group and American Gypsum Company, LLC are the major companies operating in the Gypsum Board Market. Read More

Which is the fastest growing region in Gypsum Board Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Gypsum Board Market?

In 2024, the North America accounts for the largest market share in Gypsum Board Market. Read More

What years does this Gypsum Board Market cover, and what was the market size in 2023?

In 2023, the Gypsum Board Market size was estimated at 14.93 billion square meters. The report covers the Gypsum Board Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Gypsum Board Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Gypsum Board Market Size

Market Size of Gypsum Board Industry

Study Period	2019 - 2029
Base Year For Estimation	2023
CAGR (2024 - 2029)	6.15 %
Fastest Growing Market	Asia Pacific
Largest Market	North America
Market Concentration	High
Major Players *Disclaimer: Major Players sorted in no particular order

Gypsum Board Market Analysis

The Gypsum Board Market size is estimated at 15.91 Billion square meters in 2024, and is expected to reach 21.44 Billion square meters by 2029, growing at a CAGR of 6.15% during the forecast period (2024-2029).

COVID-19 negatively impacted the gypsum board market. During the initial stages of the pandemic, many construction projects were delayed due to government-imposed lockdowns. Reduced construction activities led to lower demand for gypsum boards in residential, commercial, and infrastructure projects, impacting sales and revenues for manufacturers and distributors. However, as restrictions were lifted, there was a surge in construction and renovation projects, driving up demand for gypsum boards and related products.

The significant factors that are driving the market's growth are the increasing demand for gypsum boards for residential construction and rising renovation and remodeling activities globally.
However, fluctuations in the raw material prices are expected to hinder the growth of the market studied.
Nevertheless, rapid urbanization, population growth, and future construction investments are expected to create lucrative growth opportunities for the gypsum board market during the forecast period.
Asia-Pacific is expected to hold the most considerable market share over the forecast period.

Gypsum Board Industry Overview

Gypsum board, also known as drywall or plasterboard, is a building material composed of gypsum core sandwiched between paper facings. It is commonly used for interior wall and ceiling construction in residential, commercial, and institutional buildings. Gypsum boards are available in various thicknesses and sizes to suit different applications and construction requirements. They provide a smooth and durable surface for painting, wallpapering, or decorative finishes.

The gypsum board market is segmented by type, application, and geography. By type, the market is segmented into wallboard, ceiling board, and pre-decorated board. By application, the market is segmented into the residential, institutional, industrial, and commercial sectors. The report also covers the market sizes and forecasts for the gypsum board market in 27 countries across major regions. For each segment, the market sizes and forecasts are provided in terms of volume (million square meters).

Type
		Wall Board
		Ceiling Board
		Pre-decorated Board

Application
		Residential Sector
		Institutional Sector
		Industrial Sector
		Commercial Sector

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	Thailand
	Malaysia
	Indonesia
	Vietnam
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	France
	Italy
	Spain
	Turkey
	Russia
	NORDIC
	Rest of Europe

South America
	Brazil
	Argentina
	Colombia
	Rest of South America

Middle East and Africa
	Saudi Arabia
	Nigeria
	Egypt
	Qatar
	South Africa
	UAE
	Rest of Middle East and Africa

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Gypsum Board Market Size Summary

The gypsum board market is poised for significant growth over the forecast period, driven by increasing demand in residential construction and repair activities globally. The market, which experienced a downturn due to the COVID-19 pandemic, has shown a robust recovery, with rising consumption across residential, commercial, and other sectors. Gypsum boards, known for their use as interior wall and ceiling coverings, are gaining traction due to their soundproofing and humidity-resistant properties. However, challenges such as susceptibility to water damage and environmental concerns related to landfill disposal are hindering market expansion. Despite these challenges, the anticipated growth in construction investments presents lucrative opportunities for key players in the global gypsum board market.

The demand for gypsum boards is expected to be bolstered by rapid urbanization and increasing real estate costs, particularly in emerging economies. Major cities in countries like China, India, and Brazil are experiencing significant housing demand, driven by urban migration and government investments in infrastructure and real estate. The construction industry in these regions is witnessing substantial growth, with initiatives aimed at increasing affordable housing and reducing construction waste. This trend is further supported by government policies and investments in infrastructure development, which are expected to enhance the demand for gypsum boards. The market is characterized by a consolidated structure, with major players like Saint-Gobain, USGKnauf, and Etex Group holding significant market shares, while ongoing strategic expansions and acquisitions continue to shape the competitive landscape.

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Gypsum Board Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Drivers
  1. 1.1.1 Increasing Demand From Residential Construction
  2. 1.1.2 Rising Renovation and Remodeling Activities
2. 1.2 Restraints
  1. 1.2.1 Fluctuating Raw Material Prices
3. 1.3 Industry Value Chain Analysis
4. 1.4 Porter's Five Forces Analysis
  1. 1.4.1 Bargaining Power of Suppliers
  2. 1.4.2 Bargaining Power of Buyers
  3. 1.4.3 Threat of New Entrants
  4. 1.4.4 Threat of Substitute Products and Services
  5. 1.4.5 Degree of Competition
2. MARKET SEGMENTATION (Market Size in Volume)
1. 2.1 Type
  1. 2.1.1 Wall Board
  2. 2.1.2 Ceiling Board
  3. 2.1.3 Pre-decorated Board
2. 2.2 Application
  1. 2.2.1 Residential Sector
  2. 2.2.2 Institutional Sector
  3. 2.2.3 Industrial Sector
  4. 2.2.4 Commercial Sector
3. 2.3 Geography
  1. 2.3.1 Asia-Pacific
    1. 2.3.1.1 China
    2. 2.3.1.2 India
    3. 2.3.1.3 Japan
    4. 2.3.1.4 South Korea
    5. 2.3.1.5 Thailand
    6. 2.3.1.6 Malaysia
    7. 2.3.1.7 Indonesia
    8. 2.3.1.8 Vietnam
    9. 2.3.1.9 Rest of Asia-Pacific
  2. 2.3.2 North America
    1. 2.3.2.1 United States
    2. 2.3.2.2 Canada
    3. 2.3.2.3 Mexico
  3. 2.3.3 Europe
    1. 2.3.3.1 Germany
    2. 2.3.3.2 United Kingdom
    3. 2.3.3.3 France
    4. 2.3.3.4 Italy
    5. 2.3.3.5 Spain
    6. 2.3.3.6 Turkey
    7. 2.3.3.7 Russia
    8. 2.3.3.8 NORDIC
    9. 2.3.3.9 Rest of Europe
  4. 2.3.4 South America
    1. 2.3.4.1 Brazil
    2. 2.3.4.2 Argentina
    3. 2.3.4.3 Colombia
    4. 2.3.4.4 Rest of South America
  5. 2.3.5 Middle East and Africa
    1. 2.3.5.1 Saudi Arabia
    2. 2.3.5.2 Nigeria
    3. 2.3.5.3 Egypt
    4. 2.3.5.4 Qatar
    5. 2.3.5.5 South Africa
    6. 2.3.5.6 UAE
    7. 2.3.5.7 Rest of Middle East and Africa

Gypsum Board Market Size FAQs

How big is the Gypsum Board Market?

The Gypsum Board Market size is expected to reach 15.91 billion square meters in 2024 and grow at a CAGR of 6.15% to reach 21.44 billion square meters by 2029.