Market Overview:

According to a new report by IMIR Market Research on Global Gypsum Board Market size was USD 55.91 billion in 2023. The market is projected to grow at a CAGR of 12.7%, from USD 63.01 billion in 2024 to USD 163.99 billion in 2032. The sudden rise in CAGR is attributed to this market growth returning to the pre-pandemic level once the pandemic is over.

Market Scope and Definition:

Gypsum board, also known as drywall or gypsum board, is made up of hydrated calcium sulfate (gypsum). It is mainly utilized in development exercises for ceilings and interior walls. Gypsum board can be specifically joined to the wooden or metal framing or any other surfaces by adhesives, in this manner supplanting the use of conventional plaster. Gypsum boards exhibit way better sound control, offer an aesthetic look along with prevalent wrapping up, and is noncombustible, which makes it fire-resistant. In expansion, cost-effectiveness and simple establishment make gypsum sheets a better much better; a higher;a stronger; an improved a higher elective to handle woods and bricks.

The market is expected to be driven by increasing residential and commercial construction spending in developing regions of Asia Pacific, such as China, India, and Indonesia, coupled with solid financial development within the regions. Gypsum board is being broadly utilized within the development industry owing to properties such as fire resistance, sound weakening. Developed through advanced innovation to meet prerequisites, it is basically utilized as the surface layer of insides walls, and ceilings; as a base for ceramic, plastic, and metal tile, for outside soffits, for elevator, and other shaft enclosures, as area-separation dividers between building units, and to supply fire assurance for basic components.

• In December 2023, Saint-Gobain Gyproc launched its unused product line which is inclusive of gypsum wallboards. The company made an expansion, to existing segments with Habito Standard, and unplanned heavy loading applications, a Glasroc X for exterior applications, and Rigiroc, a moisture resistance board for multipurpose applications.

Market Dynamics:

Market Drivers-

Versatility and Ease in Operations Offered by Gypsum Board is Driving its Growth.

Gypsum board is highly used in the building & construction industry for various end-uses including decorations, ceiling designs, partitioning walls, acoustic insulation, and numerous others. The versatile nature and ease in work with these boards facilitate its adoption in these numerous end-uses in the building & construction industry. The light-weight nature is one of the major reasons that have led to wider adoption of the product across the world. The usage of this board also makes a significant reduction in cost and adds extra savings to the consumer’s pocket.

Moreover, the consumer has the choice and flexibility to choose the design as per application and comfort. Designs can also be customized by consumers as key players provide the facility of customization along with several pre-sample designs. Further, players such as Gyproc (Saint-Gobain) also provide online visualization tools to ease and enhance the customer experience and choose the design of their choice.

Growth of Building and Construction Industry Especially In Emerging Economies Is Driving The Market Growth

The building and construction industry is experiencing healthy growth in emerging economies around the world on the back of rapid industrial and economic developments. This, in turn, is supporting the growth of the middle class and rise in income of families which spends a handsome amount on building and construction activities, if not new construction activities. Designing a home interior at a low cost is a matter of priority for most middle-class buckets.

Moreover, multinationals are expanding their footprint in emerging economies which is supporting the growth of this type of board in commercial buildings and activities. Further, maximization of space is an important factor for commercial businesses, and this can be effectively achieved by the use of gypsum board in partition wall applications.

Market Trends-

Recycling Trend is Likely to Reshape the Market

Recycling of gypsum board is taking the market in a new direction. Only a small quantity of gypsum, and board products are recycled today, primarily for use in the production of new products. Rising environmental concerns are attracting a lot of negative attention from consumers, which certainly is bad for this business. To avoid loss in business and retain the faith of consumers. The players are turning towards recycling.

Most of the recycling projects, are completed in developed economies of Europe, and North America, and many begin in the upcoming years. In Norway New West Gypsum Recycling (NWGR), a gypsum recycling firm was approached by Gyproc (Saint-Gobain), and Norgips (Knauf) in 2016 for setting up of new recycling facilities in Norway. The Holmestrand plant operated by New West Gips Gjenvinning (50:50 JV of NWGR, and Norsk Gjenvinning) supplies recycled, gypsum to both Gyproc and Norgips.

Market Restraining Factors-

Rising Environmental Concerns and Implementation Of Stringent Norms To Hinder The Market Growth

Gypsum board waste, when dumped into landfills, converts the sulfate within the gypsum to poisonous hydrogen sulfide, owing to moist, airless, and carbon-containing conditions. This toxic gas is released in up to one-fourth of the gypsum or gypsum board weight into the environment. In addition, paper within the plasterboard after decomposition converts to methane gas, which could be a destructive nursery gas.

Raising major environmental concerns around the globe, and has compelled lawmakers to reinforce stringent norms, and execute them. Manufacturers are turning towards reusing to decrease the harmful impacts of gypsum dumping. The increasing cost of flue gas, and desulphurization of gypsum has raised an alarm for gypsum which is driving them to get a hand on wallboard waste.

Report Coverage:

The report will cover the qualitative and quantitative data on the global Gypsum Board Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

Report Scope and Segmentations:

Gypsum board Market Players Analysis:

• USG Zawawi Drywall LLC SFZ
• Knauf
• Gypsemna
• Global Mining Company LLC (GMC)
• Gulf Gypsum Co. (ASK Gypsum Factory Ltd.)
• National Gypsum Company
• Beijing New Building Material (BNBM) Public Ltd Co.
• Extex Group
• United Mining Industries (UMI) Company Ltd.
• Saint-Gobain Gyproc
• Lafarge Group
• Ahmed Yousef & Hassan Abdulla Co. (AYHACO)
• Yoshino Gypsum Co. Ltd.

Key Industry Developments:

• Saint-Gobain Gyproc is a UAE-based gypsum board producer with an operational base in Abu Dhabi. As a subsidiary of Saint-Gobain, the company was set up as Gyproc Middle East in 2005. In Middle East, the company's product portfolio incorporates gypsum plasterboards, Gypframe metal components, Gyproc accessories, and GypFine plaster. These products have been catered to development applications in Dubai Metro, Palm Jumeirah, Capital Gate, Ferrari Involvement, and Masdar Institute.
• Beijing New Building Material (BNBM) Public Ltd Co. was established in 1979 and is headquartered in China. The company is engaged in the generation of gypsum and other construction product. It caters its items to the development industry across the globe. The Annual production capacity of the company is more than 1470 million square meters.
• In May 2023, Chiyoda-Ute announced its plans to launch a new gypsum board, which will to utilize 100% reused gypsum assembled from development sites to create the product. Furthermore, the manufacturing of Chiyoda Circular Gypsum will be carbon neutral.
• In October 2022, USGKnauf announced plans for the development of a new gypsum wallboard plant in Huedin in Cluj County. The investment is anticipated to develop the Romanian government's 'energy investment funds offensive' by supporting a renovation drive for the country's housing stock.
• In July 2022, Holcim acquired Cantillana, a leading specialty building arrangements supplier based in Belgium, with 2022 evaluated net deals of EUR 80 million (USD 93 million). This acquisition may reinforce Holcim's position in building renovation and energy efficiency arrangements.
• In February 2022, Etex completed the major acquisition of Australia's top-three plasterboard players. This strategic milestone enables Etex to extend its impression within the country's well-developed development advertise. The contribution of Australia's recently procured plasterboard business to Etex's revenue in 2021 accounted for EUR 124 million (USD 144.74 million).
• In July 2021 – American Gypsum received a grant of USD 0.5 million from the Economic Development Department of Mexico to overhaul its Albuquerque gypsum wallboard plant in Bernalillo County. The subsidizing will be utilized to modernize the equipment and plant infrastructure.
• In January 2021 – Saint-Gobain India launched laminated gypsum wallboard named '4PRO Active Air'. The product was created with dynamic air innovation to absorb air pollutants and move forward the air quality inside of the room. The product is reasonable to be utilized in ceilings.

Gypsum board Market Segmentation Analysis:

By Product Outlook

• Wallboard
• Ceiling Board
• Pre-decorated Board
• Others

By Application Outlook

• Pre-engineered Metal Buildings
• Residential
• Industrial
• Commercial
• Institutional

By Region

• North America (U.S., Canada, Mexico)
• Europe (Germany, France, UK, Italy, Spain, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, ASEAN, Rest of Asia-Pacific)
• LAMEA (Latin America, Middle East, Africa)

The report also helps in understanding Global Gypsum board Market dynamics, structure by analyzing the market segments, and project the Global Gypsum board Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Gypsum board Market make the report investor’s guide.

Global Gypsum board Market Segmentation Analysis:

The market scope is segmented based on by Product, by Application, and by region.

By Product

Based on the Product the market is segmented into Wallboard, Ceiling Board, Pre-decorated Board, Others.

Wallboard emerged as the leading gypsum board product segment by accounting for 50.3% market the largest share in 2023. Wallboard is widely used in the construction industry for various interior applications such as walls or partitions. Increasing demand for sustainable construction in North America and Europe is expected to drive product demand over the forecast period.

Wallboard also emerged as a speedier alternative to traditional lath and plaster. Pre-decorated boards are expected to grow at the highest CAGR over the forecast period. Pre-decorated boards are gaining wide acceptance, in various construction projects owing to their low maintenance, and easy installation properties, which makes them cost and time effectively.

By Application

Based on the Application of the market is segmented into Pre-engineered Metal Buildings, Residential, Industrial, Commercial, Institutional.

The dominates segment in the market in 2023 is residential. The increasing urban population with increasing per capita disposable income is anticipated to remain the key driving factor for end-use segment growth over the forecast period. China, India, Brazil, and Saudi Arabia have significant residential construction spending over the forecast period. The most common gypsum board product utilized in residential applications is wallboard. In which the joints between the panels, and internal corners are reinforced with tape and covered with joint compound to create a surface suitable for final decoration. Population expansion with rapid urban migration is anticipated to fuel residential construction spending in countries such as China, India, and Brazil.

The residential U.S. housing industry also witnessed rapid growth, owing to easy access to home mortgage loans, and continued employment growth. Rising demand for apartments, and a burgeoning population. Pre-engineered metal buildings are expected to grow at a CAGR of 12.9% over the forecast period. PEBs are growing, at an impressive growth rate of over 25% in India owing to their wide application scope, and exceptional inherent characteristics such as easy installation, low-cost maintenance, and easy transportation to other manufacturing sites. Some other properties of PEBs making it a preferred building material in comparison with other conventional alternatives such as steel, are lightweight, design flexibility, economical and easy fabrication.

Regional Snapshots:

This market in North America stood at USD 16.21 billion in 2018 with the United States accounting for over two-thirds of the market. The resurgent construction industry in the region is expected to boost the market in the upcoming years. North America's market is relatively mature, and rework and remodeling activities greatly drive the demand in the region. Moreover, with environmental norms getting tighter in the region, key players are keen on reducing their overall carbon footprint and shifting to more sustainable ways.

For instance, Saint-Gobain announced its partnership with Blooming Grove Wind Farm for a supply of 120 MW wind power for 12 years. This is expected to reduce the company’s carbon footprint in the US by around 21%. The Asia Pacific dominates the gypsum board market in terms of volume. Emerging economies such as China, India, Taiwan, Thailand, and others are expected to provide lucrative growth opportunities to the market over the foreseeable period. The construction industry is witnessing relatively healthy growth in Asia Pacific as compared to other parts of the world. Further, commercial investment and activities is rapidly increasing in the region, which is likely to support market growth.

Europe leads the market in terms of recycling trends. High environmental sensitivity amongst the consumers in the region coupled with politics will support the growth of gypsum recycling activities in the region. Western European countries such as Germany, France, the UK, Spain, and Italy dominate the market. Recycling rates of gypsum waste is far high in European countries as compared to recycling rates in emerging economies such as China, where it is less than 1%. Latin America and Middle East & Africa are small markets with both combined accounting for a single digit share in the global market. Continuous social and political conflicts coupled with economic instability hinder the market growth in these regions.

Gypsum board Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S.
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report:

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Questions:

• How much the global Gypsum board Market valued?
• Which region has the largest share in 2024 for the global Gypsum board Market?
• What are the driving factors for the market?
• Which is the leading segment in the global market?
• What are the major players in the market?

Research Scope of Gypsum board Market:

• Historic year: 2019- 2022
• Base year: 2023
• Forecast: 2024 to 2032
• Representation of Market revenue in USD Million

Gypsum board Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: