Global Gypsum Board Market Size, Share, Opportunities, And Trends By Type (Wall Board, Ceiling Board, Pre-decorated Board), By Application (Residential Sector, Institutional Sector, Industrial Sector, Commercial Sector), And By Geography - Forecasts From 2024 To 2029

Description

The global gypsum board market is projected to grow at a CAGR of 8.29% over the forecast period, increasing from US$47.398 billion in 2025 to US$70.589 billion by 2030.

Gypsum Board Market Highlights

• Rising construction activities drive demand for durable, versatile gypsum boards.
• Sustainable, eco-friendly gypsum boards are gaining popularity in green building projects.
• Technological advancements enhance fire-resistant and moisture-resistant gypsum board properties.
• Urbanization and infrastructure development boost gypsum board use in interiors.

Gypsum Board Market Introduction

Gypsum board, commonly referred to as plasterboard, is the main building material for wall, ceiling, and partition systems in houses, schools, and commercial buildings due to its fire-resistant intrinsic composition. Gypsum products are designed to give a monolithic surface when joints and fastener heads are treated with a joint treatment system. They also offer sound control, economy, adaptability, quality, and convenience.

Gypsum board is one of several gypsum panel products, as described in ASTM C11, Standard Terminology Relating to Gypsum and Related Building Materials and Systems, as "the general name for a family of sheet products consisting essentially of gypsum." This word refers to gypsum board, glass mat gypsum panels, abuse- and impact-resistant gypsum panels, and gypsum shaft liner panels.

In the United States and Canada, the gypsum board follows ASTM specification C 1396. This criterion must be satisfied regardless of whether the core is composed of natural or synthetic gypsum. The great majority of synthetic gypsum used in the industry is a byproduct of removing pollutants from the exhaust produced by the combustion of fossil fuels for power production. Nearly all of the fiber used in manufacturing gypsum board face and back paper is derived from newspaper and post-consumer waste.

ASTM standards oversee the production of gypsum boards and provide stringent requirements for strength, water resistance, and other properties. To make gypsum board, crushed natural or synthetic gypsum is heated or calcined to dehydrate the feedstock. The calcined gypsum is combined with water and additives to create a slurry between continuous layers of recycled paper on a longboard machine.

Gypsum wallboard, also known as Drywall and Sheetrock, is widely used in construction due to its simplicity of installation, familiarity, fire resistance, nontoxicity, and sound attenuation properties. This harmless product (essentially paper-covered calcium sulfate) has substantial environmental consequences since it is used on a large scale. Home building consumes an estimated 30 billion ft.2/year.

Gypsum Board Market Overview

A gypsum board is a type of flat board that is generally used to cover walls. The gypsum board is generally used as a drywall, for ceiling, walls, or partition systems of a residential or commercial building. The Gypsum board offers multiple benefits in the construction sector, as it is easy to install and offers durability. The gypsum boards also act as a superior soundproofing and fireproofing material.

A major factor propelling the growth of the global gypsum boards during the forecasted timeline is the increasing global cases of residential fires. The gypsum board is made using gypsum ores, which offer non-combustible characteristics, offering resistance to fire. The National Fire Protection Association, in its report, stated that in 2023, the total number of residential fires was recorded at 352,000. In 2023, residential fires accounted for about 25% of the total incidents of fire in the nation. The agency stated that in 2023, the total reported incidents of non-residential structure fires were recorded at 118,000.

Some of the major companies include PABCO Gypsum, Gold Bond Building Products, LLC., and USG Corporation.

• PABCO Gypsum is among the global manufacturers of high-quality gypsum-based products. The company offers a wide range of products and solutions, including ceiling board, fire resistance, regular interior, shaftliners, and abuse & impact resistance products, among many others.
• Gold Bond Building Products, LLC. is a global manufacturer of gypsum-based products. The company offers products for multiple applications, including plaster systems, roofing systems, interior walls & ceilings, and exterior envelopes, among many others.
• USG Corporation is an American construction material manufacturer. The company offers solutions for ceilings, walls, industrial, design studios, and tools, among others.

Gypsum Board Market Drivers:

• Increasing global construction output

The construction of new buildings greatly impacts the gypsum board industry. With increased urbanization and a growing population, housing and infrastructure projects being the result, gypsum boards have emerged as necessary construction materials in buildings. Gypsum boards can be installed efficiently into the interior or exterior walls and ceilings. It also helps the offer soundproofing and fire resistance to the structures.

The global construction output witnessed significant growth in the past few years. The Office of National Statistics of the UK Government stated that in 2023, the total new work increased by GBP 5,628 million, whereas the private construction work increased by 2.1%, and the public construction work grew by 10.2% in the year. The agency further stated that in 2023, the value of total new construction work was recorded at GBP 139,029 million, in which public works accounted for GBP 38,611 million, and private works were recorded at GBP 100,418 million.

As of January 1, 2024, the United States of America's population, according to the US Census Bureau, was calculated to be 33,58,93,238. This is up 17,59,535 or 0.53% since January 1, 2023, and up 44,43,957, or 1.34% from Census Day of April 1, 2020.

Moreover, the growth of commercial spaces such as offices, shopping streets, and healthcare units increases demand for gypsum boards, which create functional and aesthetic interiors. It is predicted that in 2030, approximately 70% of India's GDP will be attributed to cities. Altogether, the Indian construction industry market consists of over 250 subsectors, and one is linked to another. The expected population of the population (600 million) who will live in cities in 2030, and the construction of an additional 25 million middle-range and affordable housing units is anticipated. Most of the market growth is attributed to renovation and remodeling projects, which are frequently associated with substituting or improving old structures with new gypsum board solutions.

The changes in materials and the concentration on recycling seem to be the most important aspects of product innovation as they can transform the dynamics of the gypsum cement market. Innovations are usually related to considerable product improvement. For example, they enable higher strength, shorter setting times, and greater durability. Furthermore, unique formulations may enable whole new applications, enhancing the commercial potential of gypsum board products.  Saint-Gobain's Gypsum solutions are marketed under five brands: Gyproc, Placo, Rigips, British Gypsum, and CertainTeed. The company’s brands provide plaster and plasterboard solutions in over 70 countries, with 94 manufacturing facilities. Comprehensively, product innovation in the gypsum cement business may boost development, competitiveness, and market distinctiveness by meeting unique industry demands.

Gypsum Board Market Segmentation Analysis:

• By type, the wallboard is one of the most rapidly developing segments.

Wallboards, also known as plasterboard or plasterboard, are popular because of their simplicity of installation, adaptability, and ability to provide smooth, consistent surfaces for walls and partitions. Various developments enhance the adaptability of the material and its popularity among different categories. LightRoc gypsum plasterboard, for instance, is lighter than regular 1/2" plasterboard and is intended for use in wall and ceiling applications with spacing no greater than 24"o/c. LightRoc is permitted for use parallel or perpendicular to ceiling structures spaced up to 24" o/c, even when a hand-applied or water-based texture is used for decorating.

The wallboard category benefits greatly from the continued increase in building activity, both in new constructions and renovations, since wallboards provide practical solutions that match current design and performance criteria. Technological developments in gypsum board manufacture have improved their qualities, including increased fire resistance, acoustic insulation, and sustainability credentials, which align with severe regulatory standards.

For instance, ClassicRoc gypsum wallboard is the industry's favored product because of its consistently high-quality requirements. The wallboard panels are made of a fire-resistant gypsum core wrapped in 100% recycled natural-finish paper on the front and a durable liner paper on the back. The face paper is wrapped over the long edges to support and protect the core, while the ends are square-cut and polished smooth. The long edges of the panels are tapered, allowing joints to be strengthened and disguised using a joint compound system. As a result, the wallboard category stands out as a key driver of development in the gypsum board market, meeting the changing demands of builders, architects, and homeowners globally.

Asia Pacific's gypsum board market is anticipated to grow significantly.

Rapid urbanization, population expansion, and rising disposable incomes in countries such as China, India, and Japan drive vigorous building activity. The demand for affordable housing and infrastructure development is driving the adoption of gypsum boards, which are required for interior walls, ceilings, and partitions due to their low cost, ease of installation, and superior performance characteristics such as fire resistance and sound insulation.

Additionally, India is a leading market in the housing business sector. Among the rapidly increasing sectors, the growth of this sector is backed by an enormous population base, growing income levels, and expanding urbanization. The Indian Constitution delegated responsibility for housing and urban development to the State Governments in the country's federal structure.  Between April 2000 and December 2023, FDI in the construction development (townships, housing, built-up infrastructure, and construction development projects) and construction (infrastructure) activity sectors totaled USD 26.54 billion and USD 33.52 billion, respectively.

Nonetheless, China's 14th Five-Year Plan focuses on new infrastructure projects in transportation, energy, water systems, and urbanization. According to projections, the total investment in new infrastructure during the 14th Five-Year Plan period (2021-2025) would be over 27 trillion yuan ($4.2 trillion).  Furthermore, severe construction rules and a rising awareness of sustainability encourage the usage of environment-friendly gypsum boards.

Besides this, technological developments in manufacturing methods, which improve product quality and durability, drive market expansion by meeting the diversified demands of the residential, commercial, and industrial building industries. For instance, as of November 2022, Construction began on the Tsukishima 3 Chome North District Town Redevelopment in Japan, which contains a 58-story, 199-meter-tall residential skyscraper on Monja Street with 1,285 apartments, retail, daycare, and elder care. Two complementary low-rise structures house 56 more flats and care services for disabled tenants. Overall, the Asia Pacific gypsum board market is expected to grow further as demand for efficient and sustainable building materials rises in the region's dynamic construction environment.

The US market is also growing considerably

The booming construction industry, which has been increasing over time, particularly the residential sector, has been attributed to urbanization and population growth. The demand for gypsum boards would also soar as the widespread usage of environment-friendly building materials was mandated by the regulations. Furthermore, the emerging construction technology providing high-performance gypsum boards is another market driver, along with improved consumer perception of the benefits of using these boards, namely fire resistance, durability, and sound insulation. This has also increased the spending of the construction industry, which is increasing the market growth. For instance, the value of construction in the United States increased from US$2,071,136 million in October 2023 to US$2,173,968 million in October 2024.

Moreover, regulations play an important role in the US market for gypsum boards. For instance, gypsum board is manufactured under the consensus standard ASTM C1396 as cited in building codes like the National Fire Protection Association (NFPA)'s NFPA 5000: Building Construction and Safety Code, International Residential Code, and International Building Code. All drywall in this market currently is required to meet the labelling requirements outlined in ASTM C1264-11 as well. These regulations indirectly govern manufacturing practices, product specifications, and market entry access, thereby having a great impact on building codes, environmental standards, and other safety considerations.

Global Gypsum Board Market Key Developments:

• In 2024, Saint-Gobain announced the acquisition of Izocam, which is a leading insulation manufacturer in Turkey, to reinforce its leadership in light and sustainable construction in Turkey.
• In December 2023, Saint-Gobain Gyproc introduced various products, including gypsum wallboards. The new product range comprises 'Habito Standard', a gypsum wallboard designed for heavy unplanned and planned loading applications, 'Rigiroc ', a multi-purpose moisture-resistant board, and 'Glasroc X ', an external wallboard.
• In October 2023, Georgia-Pacific officially launched its new gypsum wallboard production facility in Sweetwater, Texas.

Segmentation

• By Type
  • Wall Board
  • Ceiling Board
  • Pre-decorated Board
• By Application
  • Residential Sector
  • Institutional Sector
  • Industrial Sector
  • Commercial Sector
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Rest of the Middle East and Africa
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Rest of Asia-Pacific

Table Of Contents

1. Introduction

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key Benefits for the Stakeholders

2. Research Methodology  

2.1. Research Design

2.2. Research Process

2.3. Data Validation

3. Executive Summary

3.1. Key Findings

3.2. Analyst View

4. Market Dynamics

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Supplier

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. Global Gypsum Board Market By Type

5.1. Introduction

5.2. Wall Board

5.3. Ceiling Board

5.4. Pre-decorated Board

6. Global Gypsum Board Market By Application

6.1. Introduction

6.2. Residential Sector

6.3. Institutional Sector

6.4. Industrial Sector

6.5. Commercial Sector

7. Global Gypsum Board Market By Geography 

7.1. Introduction

7.2. North America

7.2.1. By Type

7.2.2. By Application

7.2.3. By Country

7.2.3.1. United States

7.2.3.2. Canada

7.2.3.3. Mexico

7.3. South America

7.3.1. By Type

7.3.2. By Application

7.3.3. By Country

7.3.3.1. Brazil

7.3.3.2. Argentina

7.3.3.3. Others

7.4. Europe

7.4.1. By Type

7.4.2. By Application

7.4.3. By Country

7.4.3.1. United Kingdom

7.4.3.2. Germany 

7.4.3.3. France

7.4.3.4. Italy

7.4.3.5. Spain

7.4.3.6. Others

7.5. Middle East and Africa

7.5.1. By Type

7.5.2. By Application

7.5.3. By Country

7.5.3.1. Saudi Arabia

7.5.3.2. UAE

7.5.3.3. Others

7.6. Asia Pacific

7.6.1. By Type

7.6.2. By Application

7.6.3. By Country

7.6.3.1. China

7.6.3.2. Japan

7.6.3.3. South Korea

7.6.3.4. India

7.6.3.5. Taiwan

7.6.3.6. Thailand

7.6.3.7. Indonesia

7.6.3.8. Others

8. Competitive Environment and Analysis

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. Company Profiles

9.1. Saint-Gobain Gyproc

9.2. Gypelite

9.3. Gypcore (Global Gypsum Board Co. LLC)

9.4. American Gypsum

9.5. Etex Group

9.6. Georgia Pacific Building Products

9.7. VANS Gypsum

9.8. Jason Plasterboard (Jiaxing) Co., Ltd.

9.9. PABCO Gypsum

9.10. CertainTeed

9.11. USG Corp

9.12. Gold Bond

9.13. Knauf Digital GmbH

Companies Profiled

Saint-Gobain Gyproc

Gypelite

Gypcore (Global Gypsum Board Co. LLC)

American Gypsum

Etex Group

Georgia Pacific Building Products

VANS Gypsum

Jason Plasterboard (Jiaxing) Co., Ltd.

PABCO Gypsum

CertainTeed

USG Corp

Gold Bond

Knauf Digital GmbH

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