North America Gypsum Board Market, By Product Type, By Application, By End-User, By Country - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032

REPORT HIGHLIGHT

North America Gypsum Board Market was valued at USD 13,989.12 million in 2023, expanding at a CAGR of 6.5% from 2024 to 2032.

Gypsum board, also referred to as drywall, is the primary construction material for wall, ceiling, and partition systems in residential, institutional, and commercial buildings. When joints and fastener heads are concealed with a joint treatment system, gypsum products offer a seamless surface, as well as sound control, cost-effectiveness, flexibility, durability, and ease of use. They are utilized for the walls, floors, and ceilings of various rooms in single-family homes. Gypsum is the main ingredient in gypsum plaster, which is easily accessible as a raw material, unlike natural sand, the essential component of cement plaster, which is scarce and even prohibited in several countries.

North America Gypsum Board Market- Market Dynamics

Increasing Application in the Residential Sector is anticipated to drive the growth of the market

The rise in population in North America is resulting in a surge in the need for new housing units. Homeowners are now more inclined towards investing in renovation and remodeling projects to modernize and improve their living spaces. Many existing homes are ageing and in need of updates, which is fueling the demand for gypsum boards in renovation endeavors. There is a growing recognition of the health advantages of mould-resistant materials, which is further boosting their popularity in residential construction. As per the Center for Sustainable Systems, the U.S. residential sector consumed 21.8 quadrillion Btu of primary energy in 2022, accounting for 22% of the country's primary energy consumption. Additionally, the increasing emphasis on energy-efficient buildings is creating opportunities for gypsum board. Nevertheless, market growth may face obstacles due to Economic Uncertainty.

North America Gypsum Board Market- Key Insights

As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 6.5% over the forecast period (2024-2032)

Based on Product Type segmentation, Type C board was predicted to show maximum market share in the year 2023

Based on Application segmentation, Sound-proof was the leading type in 2023

Based on End-User segmentation, the residential sector was the leading type in 2023

Based on Countries, the U.S. was the leading revenue generator in 2023

North America Gypsum Board Market- Segmentation Analysis:

The North America Gypsum Board Market is segmented based on Product Type, Application, End-User, and Country.

The market is segmented into three divisions according to Product Type: Standard board, Type X board, and Type C board. Type C board holds the largest market share. The North American gypsum Board Market is projected to experience growth, particularly in the Type C board segment, driven by rising construction projects, strict fire safety standards, and an emphasis on sustainability.

The market is segmented into five categories according to Application: Wall covers, Partitions, Fire resistant, Soundproof, and Aesthetics. Soundproof holds the largest market share. Soundproof gypsum boards, also known as acoustic gypsum boards, are specifically engineered to minimize noise transfer through walls and ceilings, improving acoustic comfort.

The market is segmented into three divisions according to End-User: Residential, Commercial, and Industrial. The residential sector leads the market expansion. Gypsum boards, commonly referred to as drywall, play a crucial role in residential construction because of their flexibility, simple installation process, and affordability.

North America Gypsum Board Market- Geographical Insights

The analysis of the Gypsum Board market in North America includes nations such as the United States and Canada. The United States leads in market share. The U.S. is the third largest, third most populous, and wealthiest country globally. It is also home to the largest gypsum wallboard industry worldwide, which, similar to other sectors of the construction industry, faced significant challenges during the recent economic downturn.

North America Gypsum Board Market- Competitive Landscape:

The competitive landscape of the North America Gypsum Board Market is marked by fierce competition among major players who are constantly working to improve their market share through innovations, expansions, mergers, and acquisitions. Manufacturers are concentrating on developing advanced gypsum board products with improved features like fire resistance, moisture resistance, and soundproofing. They are also investing in new manufacturing facilities and upgrading existing ones to boost production capacity and meet growing demand. The competitive environment is expected to remain dynamic, with key players persistently innovating and expanding their market presence to take advantage of emerging opportunities.

Recent Developments:

In January 2024, Etex, the Belgium-based worldwide building materials manufacturer and leader in lightweight construction, successfully finalized the purchase of BGC's plasterboard and fiber cement businesses in Australia. This strategic acquisition allows Etex to enhance its sustainable operations in the promising markets of Australia and New Zealand, presenting substantial growth prospects.

In March 2023, Nornickel and Volma, the largest manufacturer of construction and finishing materials in Russia, concluded the successful testing of gypsum produced by the Sulfur Programme facilities. The results demonstrate that this gypsum is highly suitable for use in construction.

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

NORTH AMERICA GYPSUM BOARD MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHT

American Gypsum Company LLC

Etex Group

Georgia-pacific LLC

Holcim Ltd.

National Gypsum Services Company

Osman Group

Pabco Building Products LLC

Saint Gobain

Knauf

VANS Gypsum Pvt. Ltd.

Volma

Others

NORTH AMERICA GYPSUM BOARD MARKET, BY PRODUCT TYPE - MARKET ANALYSIS, 2019 - 2032

Standard board

Type X board

Type C board

NORTH AMERICA GYPSUM BOARD MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032

Wall covers

Partitions

Fire resistant

Sound-proof

Aesthetics

NORTH AMERICA GYPSUM BOARD MARKET, BY END-USER - MARKET ANALYSIS, 2019 - 2032

Residential

Commercial

Industrial

NORTH AMERICA GYPSUM BOARD MARKET, BY COUNTRY- MARKET ANALYSIS, 2019 - 2032

The U.S.

Canada