Gypsum Product Manufacturing in the US - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

Knocking Walls Down: Industry Revenue Growth Will Likely Be Sustained by Rising Exports

The Gypsum Product Manufacturing industry has exhibited decline in revenue growth going into 2023, as building activity decreased for industry products in 2019. The industry manufactures gypsum building materials, such as wallboards, plasters, moldings, statuaries and architectural plasterwork. As a result, demand for these products is linked to activity in construction markets. However, as the COVID-19 outbreak began to spread, cities and counties stopped all nonessential construction, greatly reducing downstream demand. As a consequence, industry revenue has decreased marginally at an annualized rate of 3.1% to $6.2 billion going into 2023, including a decrease of 3.4% in 2023 alone.

Operators in this industry manufacture gypsum products, such as wallboard, plasters, moldings, statuaries and architectural plaster work. Gypsum product manufacturers may mine, quarry or purchase natural or synthetic gypsum for use in the manufacturing of goods.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.