PUBLISHER: IMARC | PRODUCT CODE: 1642782
PUBLISHER: IMARC | PRODUCT CODE: 1642782
Gypsum Board Market Report by Product Type (Wallboard, Ceiling Board, Pre-decorated Board, and Others), End-Use (Residential, Corporate, Commercial, Institutional), and Region 2025-2033
The global gypsum board market size reached USD 31.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 47.9 Billion by 2033, exhibiting a growth rate (CAGR) of 4.7% during 2025-2033. The growing employment for building purposes, rising investment by governing agencies of various countries in renovating and remodeling public buildings, and increasing demand for energy-efficient construction solutions represent some of the key factors driving the market.
Rising Demand for Eco-Friendly Building Materials for Construction Purposes Augmenting Market Growth
At present, the increasing demand for sustainable and eco-friendly building materials to construct commercial and residential buildings around the world is propelling the growth of the gypsum board market. In addition, once the paper facer is removed from gypsum boards, the core, which is essentially only gypsum, can be easily recycled as an additive in concrete, plaster, and stucco. Apart from this, gypsum is manufactured from gyprock, which is a sustainable material and occurs naturally. Additionally, the rising construction of various green buildings and smart cities around the world to save energy and prevent over usage of natural resources is supporting the growth of the gypsum board market. Moreover, the installation of gypsum board does not require an extensive sum of money or labor costs, which is catalyzing the demand for gypsum boards across the globe. Furthermore, as gypsum boards are easy to repair, available in a wide array of designs, and extremely versatile in nature, their usage is increasing worldwide.
Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The market structure is quite concentrated with few players accounting for a large share of the total market. The volume of new entrants is moderate as firms require economies of scale to remain profitable. Furthermore, the production differentiation rate is low as the market consists of similar products with little differentiation between them.
What is a Gypsum Board?
Gypsum board is a lightweight construction material which is often called drywall, wallboard, and plasterboard, and can be directly attached to wood and metal framing. It comprises gypsum, which is a hydrous sulfate of calcium and is sandwiched between two layers of special paper. It can be directly attached to existing surfaces or walls of buildings with the help of strong adhesives, screws, and nails. It is manufactured by grinding and crushing gypsum into calcined or partially dehydrated gypsum and then mixing it with water and other additives to create a slurry which is poured between continuous layers of paper on a board-forming machine. It is commercially available as fire-resistant and water-resistant gypsum boards, which are primarily used in bathrooms, kitchens, and external soffits. It has a non-combustible core which makes it different from plywood, fireboard, and hardboard. It is extremely versatile and can complement the aesthetics of any interior design. It is used for making walls and partitions in various residential, commercial, and institutional structures, as it possesses fire-resistant properties and can prevent the occurrence of accidents. It is used for making false ceilings and cladding the exterior of residential and non-residential buildings. It is also employed in the construction of offices, recording studios, and classrooms, as fiber board contains sufficient mass to inhibit most low-frequency sound waves and has enough resiliency to inhibit sound waves of higher frequency. As it is convenient to use and is more durable in nature compared to traditional lath and plaster, the demand for gypsum board is rising across the globe.
Gypsum Board Market Trends:
At present, the increasing demand for gypsum boards due to the rising construction of various residential and commercial buildings around the world represents one of the key factors influencing the market positively. In addition, the growing utilization of gypsum boards, as they require very few tools for installation and can be attached to a wide variety of fasteners and substrates, is offering a favorable market outlook. Apart from this, the increasing employment of gypsum boards in building purposes, as they are available in relatively larger sheets, can be cut using utility knives or saws, and are lightweight, is propelling the growth of the market. Additionally, the rising investment made by governing agencies of various countries in renovating and remodeling several public buildings and heritage sites is contributing to the growth of the market. Moreover, there is an increase in the adoption of gypsum boards as a base for ceramic, plastic, and metal tiles and for exterior soffits and elevator and other shaft enclosures. This, along with the rising demand for energy-efficient construction solutions due to increasing environmental awareness among the masses, is impelling the growth of the gypsum board market. Furthermore, the increasing housing demand for the rising population worldwide is bolstering the growth of the market.
Key Market Segmentation:
Product Type Insights:
- Wallboard
- Ceiling Board
- Pre-decorated Board
- Others
End-Use Insights:
- Residential
- Corporate
- Commercial
- Institutional
Regional Insights:
- North America
- Asia Pacific
- Western Europe
- Eastern Europe
- Middle East and Africa
- Central and South America
- The report has also provided a comprehensive analysis of all the major regional markets, which include North America, Asia Pacific, Western Europe, Eastern Europe, the Middle East and Africa, and Central and South America. According to the report, Asia Pacific was the largest market for gypsum board. Some of the factors driving the Asia Pacific gypsum board market included the growing utilization of affordable construction materials, rising renovation and construction activities in commercial, industrial, and institutional buildings and the increasing demand for high-end residential homes integrated with modern features and amenities among the masses. Apart from this, the rising adoption of advanced building techniques is impelling the growth of the gypsum board market in the Asia Pacific region.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global gypsum board market. Some of the companies covered in the report include:
- Beijing New Building Materials Public Limited Company
- Compagnie de Saint-Gobain S.A.
- Etex NV
- Knauf Gips KG
- Yoshino Gypsum Co. Ltd.
Key Questions Answered in This Report
- 1. What was the size of the global gypsum board market in 2024?
- 2. What is the expected growth rate of the global gypsum board market during 2025-2033?
- 3. What are the key factors driving the global gypsum board market?
- 4. What has been the impact of COVID-19 on the global gypsum board market?
- 5. What is the breakup of the global gypsum board market based on the product type?
- 6. What is the breakup of the global gypsum board market based on the end use?
- 7. What are the key regions in the global gypsum board market?
- 8. Who are the key players/companies in the global gypsum board market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Gypsum Industry
- 5.1 Market Overview
- 5.2 Market Trends
- 5.3 Market Breakup by Region
- 5.4 Market Forecast
6 Global Gypsum Board Industry
- 6.1 Market Overview
- 6.2 Market Performance
- 6.2.1 Volume Trends
- 6.2.2 Value Trends
- 6.3 Impact of COVID-19
- 6.4 Price Analysis
- 6.4.1 Key Price Indicators
- 6.4.2 Price Structure
- 6.4.3 Price Trends
- 6.5 Market Breakup by Region
- 6.6 Market Breakup by Product Type
- 6.7 Market Breakup by End-Use
- 6.8 Market Forecast
- 6.9 SWOT Analysis
- 6.9.1 Overview
- 6.9.2 Strengths
- 6.9.3 Weaknesses
- 6.9.4 Opportunities
- 6.9.5 Threats
- 6.10 Value Chain Analysis
- 6.10.1 Raw Material Procurement
- 6.10.2 Manufacturer
- 6.10.3 Marketing & Distribution
- 6.10.4 Retailer/Exporter
- 6.10.5 End-User
- 6.11 Porter's Five Forces Analysis
- 6.11.1 Overview
- 6.11.2 Bargaining Power of Buyers
- 6.11.3 Bargaining Power of Suppliers
- 6.11.4 Degree of Competition
- 6.11.5 Threat of New Entrants
- 6.11.6 Threat of Substitutes
- 6.12 Customer Trends/Insights
- 6.12.1 Decision Making Process
- 6.12.2 Customer Preferences
- 6.13 Key Market Drivers and Success Factors
7 Gypsum Board Market: Performance of Key Regions
- 7.1 North America
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Asia Pacific
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Western Europe
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Eastern Europe
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Middle East and Africa
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Central and South America
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
8 Gypsum Board Market by Product Type
- 8.1 Wallboard
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Ceiling Board
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Pre-decorated Board
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Gypsum Board Market by End-Use
- 9.1 Residential
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Corporate
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Commercial
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Institutional
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
10 Competitive Landscape
- 10.1 Market Structure
- 10.2 Production Capacities of Key Players
11 Gypsum Board Manufacturing Process
- 11.1 Product Overview
- 11.2 Detailed Process Flow
- 11.3 Various Types of Unit Operations Involved
- 11.4 Mass Balance and Raw Material Requirements
12 Project Details, Requirements and Costs Involved
- 12.1 Land Requirements and Expenditures
- 12.2 Construction Requirements and Expenditures
- 12.3 Plant Machinery
- 12.4 Raw Material Requirements and Expenditures
- 12.5 Packaging Requirements and Expenditures
- 12.6 Transportation Requirements and Expenditures
- 12.7 Utility Requirements and Expenditures
- 12.8 Manpower Requirements and Expenditures
- 12.9 Other Capital Investments
13 Loans and Financial Assistance
14 Project Economics
- 14.1 Capital Cost of the Project
- 14.2 Techno-Economic Parameters
- 14.3 Product Pricing and Margins Across Various Levels of the Supply Chain
- 14.4 Taxation and Depreciation
- 14.5 Income Projections
- 14.6 Expenditure Projections
- 14.7 Financial Analysis
- 14.8 Profit Analysis
15 Key Player Profiles
- 15.1 Beijing New Building Materials Public Limited Company
- 15.2 Compagnie de Saint-Gobain S.A.
- 15.3 Etex NV
- 15.4 Knauf Gips KG
- 15.5 Yoshino Gypsum Co. Ltd.
List of Figures
- Figure 1: Global: Gypsum Board Market: Major Drivers and Challenges
- Figure 2: Global: Gypsum Market: Volume Trends (in Million Tons), 2019-2024
- Figure 3: Global: Gypsum Market: Breakup by Region (in %), 2024
- Figure 4: Global: Gypsum Market Forecast: Volume Trends (in Million Tons), 2025-2033
- Figure 5: Global: Gypsum Board Market: Volume Trends (in Billion Square Meters), 2019-2024
- Figure 6: Global: Gypsum Board Market: Value Trends (in Billion USD), 2019-2024
- Figure 7: Global: Gypsum Board Market: Average Prices (in USD/Square Meter), 2019-2024
- Figure 8: Gypsum Board Market: Price Structure
- Figure 9: Global: Gypsum Board Market: Breakup by Region (in %), 2024
- Figure 10: Global: Gypsum Board Market: Life-Cycle Analysis by Region
- Figure 11: Global: Gypsum Board Market: Breakup by Product Type (in %), 2024
- Figure 12: Global: Gypsum Board Market: Breakup by End-Use (in %), 2024
- Figure 13: Global: Gypsum Board Market Forecast: Volume Trends (in Billion Square Meters), 2025-2033
- Figure 14: Global: Gypsum Board Market Forecast: Value Trends (in Billion USD), 2025-2033
- Figure 15: Global: Gypsum Board Industry: SWOT Analysis
- Figure 16: Global: Gypsum Board Industry: Value Chain Analysis
- Figure 17: Global: Gypsum Board Industry: Porter's Five Forces Analysis
- Figure 18: North America: Gypsum Board Market (in Billion Square Meters), 2019 & 2024
- Figure 19: North America: Gypsum Board Market Forecast (in Billion Square Meters), 2025-2033
- Figure 20: Asia Pacific: Gypsum Board Market (in Billion Square Meters), 2019 & 2024
- Figure 21: Asia Pacific: Gypsum Board Market Forecast (in Billion Square Meters), 2025-2033
- Figure 22: Western Europe: Gypsum Board Market (in Billion Square Meters), 2019 & 2024
- Figure 23: Western Europe: Gypsum Board Market Forecast (in Billion Square Meters), 2025-2033
- Figure 24: Eastern Europe: Gypsum Board Market (in Billion Square Meters), 2019 & 2024
- Figure 25: Eastern Europe: Gypsum Board Market Forecast (in Billion Square Meters), 2025-2033
- Figure 26: Middle East and Africa: Gypsum Board Market (in Billion Square Meters), 2019 & 2024
- Figure 27: Middle East and Africa: Gypsum Board Market Forecast (in Billion Square Meters), 2025-2033
- Figure 28: Central and South America: Gypsum Board Market (in Billion Square Meters), 2019 & 2024
- Figure 29: Central and South America: Gypsum Board Market Forecast (in Billion Square Meters), 2025-2033
- Figure 30: Global: Wallboard Gypsum Board Market: Volume Trends (in Billion Square Meters), 2019 & 2024
- Figure 31: Global: Wallboard Gypsum Board Market Forecast: Volume Trends (in Billion Square Meters), 2025-2033
- Figure 32: Global: Ceiling Gypsum Board Market: Volume Trends (in Billion Square Meters), 2019 & 2024
- Figure 33: Global: Ceiling Gypsum Board Market Forecast: Volume Trends (in Billion Square Meters), 2025-2033
- Figure 34: Global: Pre-decorated Gypsum Board Market: Volume Trends (in Billion Square Meters), 2019 & 2024
- Figure 35: Global: Pre-decorated Gypsum Board Market Forecast: Volume Trends (in Billion Square Meters), 2025-2033
- Figure 36: Global: Other Gypsum Board Market: Volume Trends (in Billion Square Meters), 2019 & 2024
- Figure 37: Global: Other Gypsum Board Market Forecast: Volume Trends (in Billion Square Meters), 2025-2033
- Figure 38: Global: Gypsum Board Market (Residential Use): Volume Trends (in Billion Square Meters), 2019 & 2024
- Figure 39: Global: Gypsum Board Market Forecast (Residential Use): Volume Trends (in Billion Square Meters), 2025-2033
- Figure 40: Global: Gypsum Board Market (Corporate Use): Volume Trends (in Billion Square Meters), 2019 & 2024
- Figure 41: Global: Gypsum Board Market Forecast (Corporate Use): Volume Trends (in Billion Square Meters), 2025-2033
- Figure 42: Global: Gypsum Board Market (Commercial Use): Volume Trends (in Billion Square Meters), 2019 & 2024
- Figure 43: Global: Gypsum Board Market Forecast (Commercial Use): Volume Trends (in Billion Square Meters), 2025-2033
- Figure 44: Global: Gypsum Board Market (Institutional Use): Volume Trends (in Billion Square Meters), 2019 & 2024
- Figure 45: Global: Gypsum Board Market Forecast (Institutional Use): Volume Trends (in Billion Square Meters), 2025-2033
- Figure 46: Gypsum Board Manufacturing: Detailed Process Flow
- Figure 47: Gypsum Board Manufacturing: Conversion Rate of Products
- Figure 48: Gypsum Board Manufacturing Plant: Packaging Requirements
- Figure 49: Gypsum Board Manufacturing Plant: Breakup of Capital Costs (in %)
- Figure 50: Gypsum Board: Profit Margins at Various Levels of the Supply Chain
- Figure 51: Gypsum Board Manufacturing Plant: Manufacturing Cost Breakup (in %)
List of Tables
- Table 1: Global: Gypsum Board Market: Key Industry Highlights, 2024 and 2033
- Table 2: Global: Gypsum Board Market Forecast: Breakup by Region (in Billion Square Meters), 2025-2033
- Table 3: Global: Gypsum Board Market Forecast: Breakup by Product Type (in Billion Square Meters), 2025-2033
- Table 4: Global: Gypsum Board Market Forecast: Breakup by End-Use (in Billion Square Meters), 2025-2033
- Table 5: Global: Gypsum Board Market: Competitive Structure
- Table 6: Global: Gypsum Board Market: Production Capacities of Top Players (in Billion Square Meters)
- Table 7: Gypsum Board Manufacturing Plant: Land Requirements and Costs (in USD)
- Table 8: Gypsum Board Manufacturing Plant: Construction Requirements and Costs (in USD)
- Table 9: Gypsum Board Manufacturing Plant: Machinery Requirements and Costs (in USD)
- Table 10: Gypsum Board Manufacturing Plant: Raw Material Requirements and Costs (in Kg/Day)
- Table 11: Gypsum Board Manufacturing Plant: Packaging Requirements
- Table 12: Gypsum Board Manufacturing Plant: Labour Requirements and Costs (in USD)
- Table 13: Gypsum Board Manufacturing Plant: Utility Requirements and Costs (in USD)
- Table 14: Gypsum Board Manufacturing Plant: Other Capital Costs (in USD)
- Table 15: Overview of Financial Support
- Table 16: Gypsum Board Manufacturing Plant: Capital Costs (in USD)
- Table 17: Gypsum Board Manufacturing Plant: Yearly Instalments (in USD)
- Table 18: Gypsum Board Manufacturing Plant: Various Techno-Economic Parameters
- Table 19: Gypsum Board Manufacturing Plant: Income Projections (in USD)
- Table 20: Gypsum Board Manufacturing Plant: Expenditure Projections (in USD)
- Table 21: Gypsum Board Manufacturing Plant: Taxation (in USD)
- Table 22: Gypsum Board Manufacturing Plant: Depreciation (in USD)
- Table 23: Gypsum Board Manufacturing Plant: Cash Flow Analysis (Without Considering Taxes)
- Table 24: Gypsum board Manufacturing Plant: Cash Flow Analysis (On Considering Taxes- in USD)
- Table 25: Gypsum Board Manufacturing Plant: Profit and Loss Account (in USD)
