Gypsum Board - Global Strategic Business Report

The global market for Gypsum Board was estimated at US$76.0 Billion in 2023 and is projected to reach US$173.5 Billion by 2030, growing at a CAGR of 12.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Gypsum Board Market - Key Trends and Drivers Summarized

How Is the Gypsum Board Market Shaping Sustainable Construction?

Gypsum board, commonly known as drywall or plasterboard, is a widely used construction material that offers fire resistance, sound insulation, and ease of installation. It is an essential component in modern construction, particularly in interior walls and ceilings, due to its lightweight nature and versatility. As the construction industry continues to grow, the demand for gypsum board is rising, especially in the residential, commercial, and institutional sectors. Its use in sustainable building practices is increasing as well, given its recyclable nature and low environmental impact. Gypsum board is now a staple material in projects seeking green building certifications such as LEED, making it a key player in the move toward more sustainable construction practices.

What Are the Key Segments and Applications of Gypsum Board?

Types of gypsum board include regular, fire-resistant, moisture-resistant, and soundproof varieties, each designed for specific building requirements. The construction industry is the primary end-user, with applications in residential, commercial, and institutional buildings. Regular gypsum board is commonly used in interior walls and ceilings, while fire-resistant boards are essential in areas requiring enhanced safety measures, such as stairwells and corridors. Moisture-resistant boards are employed in wet areas like bathrooms and kitchens. The demand for gypsum board is particularly strong in Asia-Pacific, driven by rapid urbanization and infrastructure development, while North America and Europe are key markets due to their stringent building codes and focus on energy-efficient materials.

How Are Innovations in Gypsum Board Manufacturing Driving Market Growth?

Technological advancements in gypsum board manufacturing are driving improvements in product performance, sustainability, and cost efficiency. Manufacturers are developing lightweight gypsum boards that offer the same structural benefits as traditional boards but with reduced material usage and transportation costs. Innovations in fire-resistant and moisture-resistant technologies are enhancing the safety and durability of gypsum boards, making them more attractive to builders and architects. Additionally, the integration of recycled materials into gypsum board production is aligning with the growing demand for eco-friendly construction materials. These advancements are not only improving the performance of gypsum boards but also reducing their environmental footprint, supporting the industry's shift toward sustainable building practices.

What Factors Are Driving the Growth in the Gypsum Board Market?

The growth in the gypsum board market is driven by several factors, including the expansion of the global construction industry, particularly in emerging markets where urbanization and infrastructure development are accelerating. The growing demand for lightweight, energy-efficient building materials is also a key driver, as builders seek to reduce construction costs and improve the sustainability of their projects. Additionally, stringent building codes and fire safety regulations are boosting the adoption of fire-resistant and moisture-resistant gypsum boards. The rise in green building certifications and the increasing emphasis on sustainable construction are further propelling the demand for eco-friendly gypsum boards. Technological innovations in manufacturing, which enhance product performance and reduce costs, are also contributing to market growth.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Wallboard segment, which is expected to reach US$88.4 Billion by 2030 with a CAGR of a 12.8%. The Ceiling Board segment is also set to grow at 11.8% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $19.8 Billion in 2023, and China, forecasted to grow at an impressive 16.1% CAGR to reach $40.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as AYHACO Group, Beijing New Building Material, Etex Group, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Key Questions Answered:

• How is the Global Gypsum Board Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Gypsum Board Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Gypsum Board Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Select Competitors (Total 17 Featured):

• AYHACO Group
• Beijing New Building Material
• Etex Group
• Global Mining Co., LLC
• Gulf Gypsum Co., (ASK Gypsum Factory Ltd.)
• Gypsemna
• Knauf Middle East
• Lafarge Group
• National Gypsum Co.,
• Saint-Gobain Gyproc Middle East
• United Mining Industries
• USG Zawawi Drywall LLC SFZ
• Yoshino Gypsum Co., Ltd.