PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1462789
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1462789
Gypsum Board Market Forecasts to 2030 - Global Analysis By Product (Ceiling, Wallboard, Pre-Decorated and Other Products), Thickness, End User and By Geography
According to Stratistics MRC, the Global Gypsum Board Market is accounted for $55.9 billion in 2023 and is expected to reach $146.0 billion by 2030 growing at a CAGR of 14.7% during the forecast period. Gypsum board, also known as drywall or plasterboard, is a widely used building material composed of a gypsum core sandwiched between paper facings. It is commonly employed in interior wall and ceiling construction in residential, commercial, and industrial settings. Its smooth surface allows for easy finishing, painting, or wallpapering. This lightweight yet durable material contributes to efficient construction practices and provides excellent acoustic and thermal insulation.
According to the Investment Information and Credit Rating Agency of India Limited (ICRA), Indian companies are expected to invest more than INR 3.5 trillion or USD 48 billion in infrastructure and real estate in 2022, including residential infrastructure.
Market Dynamics:
Driver:
Rising demand for residential and commercial construction
Gypsum boards are essential in constructing walls and ceilings in these structures due to their ease of installation, cost-effectiveness, and fire resistance. With increasing awareness of sustainability and environmental concerns, there's a growing preference for eco-friendly building materials. Gypsum boards are known for their recyclability and low environmental impact, making them a preferred choice in green building projects. Infrastructure projects such as schools, hospitals, offices, and retail spaces also drive demand for the market growth.
Restraint:
Technological disruptions
Technological advancements in construction methods or materials may disrupt the traditional use of gypsum board or create new alternatives with superior properties. Innovations like lightweight gypsum boards, incorporating materials such as fiberglass or polystyrene, enhance durability while reducing weight, easing handling and installation. Furthermore, advancements in manufacturing processes, such as automated production lines and digital monitoring systems, enhance efficiency and quality control. These are the factors hampering the growth of the market.
Opportunity:
Growing demand for energy-efficient construction
The market is witnessing a surge in demand driven by an increasing emphasis on energy-efficient construction practices. With environmental concerns and regulatory standards shaping the industry landscape, builders and developers are prioritizing materials like gypsum board known for their insulation properties and sustainability. This trend reflects a growing awareness of the long-term benefits of energy-efficient construction, spurring innovation and adoption of greener building solutions within the market.
Threat:
Fluctuations in the cost of raw materials
The market experiences fluctuations in raw material costs due to various factors such as supply chain disruptions, changes in demand, and geopolitical events. For instance, increased demand for gypsum from the construction sector coupled with supply shortages can lead to price spikes. Additionally, fluctuations in energy prices, as gypsum board production is energy-intensive, can impact raw material costs. Market players closely monitor these factors to adapt pricing strategies and mitigate risks associated with volatile raw material prices.
Covid-19 Impact
The COVID-19 pandemic significantly impacted the gypsum board market. As construction projects stalled globally due to lockdowns and supply chain disruptions, demand for gypsum boards plummeted. Restrictions on movement and economic uncertainty led to project delays and cancellations, reducing the need for gypsum board products. However, as economies recover and construction activities resume, the market is expected to gradually rebound, driven by resuming projects and increased investments in infrastructure and housing sectors.
The ceiling segment is expected to be the largest during the forecast period
The ceiling segment is estimated to hold the largest share during the forecast period, due to its numerous advantages, such as fire resistance and ease of installation. Gypsum boards are inherently fire-resistant, making them a popular choice for ceilings where fire safety is a concern. They can be manufactured with enhanced acoustic properties, making them suitable for reducing sound transmission between rooms, which is particularly important for ceilings in commercial buildings, offices, and residential spaces.
The commercial segment is expected to have the highest CAGR during the forecast period
The commercial segment is anticipated to have highest CAGR during the forecast period, due to their versatility, ease of installation, and cost-effectiveness. The demand for the market in the segment is driven by factors such as the growth of the construction industry, urbanization, renovation and refurbishment activities, and building code regulations emphasizing fire safety and sound insulation. Moreover, stringent building regulations and standards regarding safety and sustainability contribute to the preference for gypsum boards in commercial constructions.
Region with largest share:
Europe commanded the largest market share during the extrapolated period owing to the continent's extensive construction activities and infrastructure development. In the European region, gypsum boards find widespread application in diverse construction projects, including residential buildings, commercial complexes, institutional facilities, and industrial structures. There's an increasing focus on sustainability and compliance with environmental regulations in the construction industry. Gypsum boards are favored for their recyclability and low environmental impact compared to traditional building materials.
Region with highest CAGR:
North America is expected to witness highest CAGR over the projection period. The demand for gypsum boards is closely tied to construction activity. As the construction industry grows, so does the demand for gypsum boards. Factors such as population growth, urbanization, and economic conditions play significant roles in driving construction activity. There has been an increasing emphasis on sustainability and green building practices in the construction industry.
Key players in the market
Some of the key players in the Gypsum Board Market include Gypsemna, USG Zawawi Drywall LLC SFZ, Etex Group, Gulf Gypsum Co., United Mining Industries (UMI) Company Ltd., Knauf Middle East, Ahmed Yousef & Hassan Abdulla Co. (AYHACO), Global Mining Company LLC (GMC), Yoshino Gypsum Co. Ltd, National Gypsum Company, Beijing New Building Material (BNBM) Public Ltd, Saint-Gobain Gyproc Middle East and Lafarge Group.
Key Developments:
In October 2021, Etex partners announce a new trade agreement with Kier, and our specialist teams are excited to continue building and developing our strong relationship by working collaboratively on some major upcoming projects, whilst innovating and adding value to Kier's full building process.
Products Covered:
- Ceiling
- Wallboard
- Pre-Decorated
- Other Products
Thickness Covered:
- 1/2-Inch
- 5/8-Inch
- Other Thickness
End Users Covered:
- Residential
- Commercial
- Industrial
- Institutional
- Pre-Engineered Metal Buildings
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Product Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Gypsum Board Market, By Product
- 5.1 Introduction
- 5.2 Ceiling
- 5.3 Wallboard
- 5.4 Pre-Decorated
- 5.5 Other Products
6 Global Gypsum Board Market, By Thickness
- 6.1 Introduction
- 6.2 1/2-Inch
- 6.3 5/8-Inch
- 6.4 Other Thickness
7 Global Gypsum Board Market, By End Users
- 7.1 Introduction
- 7.2 Residential
- 7.3 Commercial
- 7.4 Industrial
- 7.5 Institutional
- 7.6 Pre-Engineered Metal Buildings
- 7.7 Other End Users
8 Global Gypsum Board Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Gypsemna
- 10.2 USG Zawawi Drywall LLC SFZ
- 10.3 Etex Group
- 10.4 Gulf Gypsum Co.
- 10.5 United Mining Industries (UMI) Company Ltd.
- 10.6 Knauf Middle East
- 10.7 Ahmed Yousef & Hassan Abdulla Co. (AYHACO)
- 10.8 Global Mining Company LLC (GMC)
- 10.9 Yoshino Gypsum Co. Ltd
- 10.10 National Gypsum Company
- 10.11 Beijing New Building Material (BNBM) Public Ltd
- 10.12 Saint-Gobain Gyproc Middle East
- 10.13 Lafarge Group
List of Tables
- Table 1 Global Gypsum Board Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Gypsum Board Market Outlook, By Product (2021-2030) ($MN)
- Table 3 Global Gypsum Board Market Outlook, By Ceiling (2021-2030) ($MN)
- Table 4 Global Gypsum Board Market Outlook, By Wallboard (2021-2030) ($MN)
- Table 5 Global Gypsum Board Market Outlook, By Pre-Decorated (2021-2030) ($MN)
- Table 6 Global Gypsum Board Market Outlook, By Other Products (2021-2030) ($MN)
- Table 7 Global Gypsum Board Market Outlook, By Thickness (2021-2030) ($MN)
- Table 8 Global Gypsum Board Market Outlook, By 1/2-Inch (2021-2030) ($MN)
- Table 9 Global Gypsum Board Market Outlook, By 5/8-Inch (2021-2030) ($MN)
- Table 10 Global Gypsum Board Market Outlook, By Other Thickness (2021-2030) ($MN)
- Table 11 Global Gypsum Board Market Outlook, By End User (2021-2030) ($MN)
- Table 12 Global Gypsum Board Market Outlook, By Residential (2021-2030) ($MN)
- Table 13 Global Gypsum Board Market Outlook, By Commercial (2021-2030) ($MN)
- Table 14 Global Gypsum Board Market Outlook, By Industrial (2021-2030) ($MN)
- Table 15 Global Gypsum Board Market Outlook, By Institutional (2021-2030) ($MN)
- Table 16 Global Gypsum Board Market Outlook, By Pre-Engineered Metal Buildings (2021-2030) ($MN)
- Table 17 Global Gypsum Board Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 18 North America Gypsum Board Market Outlook, By Country (2021-2030) ($MN)
- Table 19 North America Gypsum Board Market Outlook, By Product (2021-2030) ($MN)
- Table 20 North America Gypsum Board Market Outlook, By Ceiling (2021-2030) ($MN)
- Table 21 North America Gypsum Board Market Outlook, By Wallboard (2021-2030) ($MN)
- Table 22 North America Gypsum Board Market Outlook, By Pre-Decorated (2021-2030) ($MN)
- Table 23 North America Gypsum Board Market Outlook, By Other Products (2021-2030) ($MN)
- Table 24 North America Gypsum Board Market Outlook, By Thickness (2021-2030) ($MN)
- Table 25 North America Gypsum Board Market Outlook, By 1/2-Inch (2021-2030) ($MN)
- Table 26 North America Gypsum Board Market Outlook, By 5/8-Inch (2021-2030) ($MN)
- Table 27 North America Gypsum Board Market Outlook, By Other Thickness (2021-2030) ($MN)
- Table 28 North America Gypsum Board Market Outlook, By End User (2021-2030) ($MN)
- Table 29 North America Gypsum Board Market Outlook, By Residential (2021-2030) ($MN)
- Table 30 North America Gypsum Board Market Outlook, By Commercial (2021-2030) ($MN)
- Table 31 North America Gypsum Board Market Outlook, By Industrial (2021-2030) ($MN)
- Table 32 North America Gypsum Board Market Outlook, By Institutional (2021-2030) ($MN)
- Table 33 North America Gypsum Board Market Outlook, By Pre-Engineered Metal Buildings (2021-2030) ($MN)
- Table 34 North America Gypsum Board Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 35 Europe Gypsum Board Market Outlook, By Country (2021-2030) ($MN)
- Table 36 Europe Gypsum Board Market Outlook, By Product (2021-2030) ($MN)
- Table 37 Europe Gypsum Board Market Outlook, By Ceiling (2021-2030) ($MN)
- Table 38 Europe Gypsum Board Market Outlook, By Wallboard (2021-2030) ($MN)
- Table 39 Europe Gypsum Board Market Outlook, By Pre-Decorated (2021-2030) ($MN)
- Table 40 Europe Gypsum Board Market Outlook, By Other Products (2021-2030) ($MN)
- Table 41 Europe Gypsum Board Market Outlook, By Thickness (2021-2030) ($MN)
- Table 42 Europe Gypsum Board Market Outlook, By 1/2-Inch (2021-2030) ($MN)
- Table 43 Europe Gypsum Board Market Outlook, By 5/8-Inch (2021-2030) ($MN)
- Table 44 Europe Gypsum Board Market Outlook, By Other Thickness (2021-2030) ($MN)
- Table 45 Europe Gypsum Board Market Outlook, By End User (2021-2030) ($MN)
- Table 46 Europe Gypsum Board Market Outlook, By Residential (2021-2030) ($MN)
- Table 47 Europe Gypsum Board Market Outlook, By Commercial (2021-2030) ($MN)
- Table 48 Europe Gypsum Board Market Outlook, By Industrial (2021-2030) ($MN)
- Table 49 Europe Gypsum Board Market Outlook, By Institutional (2021-2030) ($MN)
- Table 50 Europe Gypsum Board Market Outlook, By Pre-Engineered Metal Buildings (2021-2030) ($MN)
- Table 51 Europe Gypsum Board Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 52 Asia Pacific Gypsum Board Market Outlook, By Country (2021-2030) ($MN)
- Table 53 Asia Pacific Gypsum Board Market Outlook, By Product (2021-2030) ($MN)
- Table 54 Asia Pacific Gypsum Board Market Outlook, By Ceiling (2021-2030) ($MN)
- Table 55 Asia Pacific Gypsum Board Market Outlook, By Wallboard (2021-2030) ($MN)
- Table 56 Asia Pacific Gypsum Board Market Outlook, By Pre-Decorated (2021-2030) ($MN)
- Table 57 Asia Pacific Gypsum Board Market Outlook, By Other Products (2021-2030) ($MN)
- Table 58 Asia Pacific Gypsum Board Market Outlook, By Thickness (2021-2030) ($MN)
- Table 59 Asia Pacific Gypsum Board Market Outlook, By 1/2-Inch (2021-2030) ($MN)
- Table 60 Asia Pacific Gypsum Board Market Outlook, By 5/8-Inch (2021-2030) ($MN)
- Table 61 Asia Pacific Gypsum Board Market Outlook, By Other Thickness (2021-2030) ($MN)
- Table 62 Asia Pacific Gypsum Board Market Outlook, By End User (2021-2030) ($MN)
- Table 63 Asia Pacific Gypsum Board Market Outlook, By Residential (2021-2030) ($MN)
- Table 64 Asia Pacific Gypsum Board Market Outlook, By Commercial (2021-2030) ($MN)
- Table 65 Asia Pacific Gypsum Board Market Outlook, By Industrial (2021-2030) ($MN)
- Table 66 Asia Pacific Gypsum Board Market Outlook, By Institutional (2021-2030) ($MN)
- Table 67 Asia Pacific Gypsum Board Market Outlook, By Pre-Engineered Metal Buildings (2021-2030) ($MN)
- Table 68 Asia Pacific Gypsum Board Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 69 South America Gypsum Board Market Outlook, By Country (2021-2030) ($MN)
- Table 70 South America Gypsum Board Market Outlook, By Product (2021-2030) ($MN)
- Table 71 South America Gypsum Board Market Outlook, By Ceiling (2021-2030) ($MN)
- Table 72 South America Gypsum Board Market Outlook, By Wallboard (2021-2030) ($MN)
- Table 73 South America Gypsum Board Market Outlook, By Pre-Decorated (2021-2030) ($MN)
- Table 74 South America Gypsum Board Market Outlook, By Other Products (2021-2030) ($MN)
- Table 75 South America Gypsum Board Market Outlook, By Thickness (2021-2030) ($MN)
- Table 76 South America Gypsum Board Market Outlook, By 1/2-Inch (2021-2030) ($MN)
- Table 77 South America Gypsum Board Market Outlook, By 5/8-Inch (2021-2030) ($MN)
- Table 78 South America Gypsum Board Market Outlook, By Other Thickness (2021-2030) ($MN)
- Table 79 South America Gypsum Board Market Outlook, By End User (2021-2030) ($MN)
- Table 80 South America Gypsum Board Market Outlook, By Residential (2021-2030) ($MN)
- Table 81 South America Gypsum Board Market Outlook, By Commercial (2021-2030) ($MN)
- Table 82 South America Gypsum Board Market Outlook, By Industrial (2021-2030) ($MN)
- Table 83 South America Gypsum Board Market Outlook, By Institutional (2021-2030) ($MN)
- Table 84 South America Gypsum Board Market Outlook, By Pre-Engineered Metal Buildings (2021-2030) ($MN)
- Table 85 South America Gypsum Board Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 86 Middle East & Africa Gypsum Board Market Outlook, By Country (2021-2030) ($MN)
- Table 87 Middle East & Africa Gypsum Board Market Outlook, By Product (2021-2030) ($MN)
- Table 88 Middle East & Africa Gypsum Board Market Outlook, By Ceiling (2021-2030) ($MN)
- Table 89 Middle East & Africa Gypsum Board Market Outlook, By Wallboard (2021-2030) ($MN)
- Table 90 Middle East & Africa Gypsum Board Market Outlook, By Pre-Decorated (2021-2030) ($MN)
- Table 91 Middle East & Africa Gypsum Board Market Outlook, By Other Products (2021-2030) ($MN)
- Table 92 Middle East & Africa Gypsum Board Market Outlook, By Thickness (2021-2030) ($MN)
- Table 93 Middle East & Africa Gypsum Board Market Outlook, By 1/2-Inch (2021-2030) ($MN)
- Table 94 Middle East & Africa Gypsum Board Market Outlook, By 5/8-Inch (2021-2030) ($MN)
- Table 95 Middle East & Africa Gypsum Board Market Outlook, By Other Thickness (2021-2030) ($MN)
- Table 96 Middle East & Africa Gypsum Board Market Outlook, By End User (2021-2030) ($MN)
- Table 97 Middle East & Africa Gypsum Board Market Outlook, By Residential (2021-2030) ($MN)
- Table 98 Middle East & Africa Gypsum Board Market Outlook, By Commercial (2021-2030) ($MN)
- Table 99 Middle East & Africa Gypsum Board Market Outlook, By Industrial (2021-2030) ($MN)
- Table 100 Middle East & Africa Gypsum Board Market Outlook, By Institutional (2021-2030) ($MN)
- Table 101 Middle East & Africa Gypsum Board Market Outlook, By Pre-Engineered Metal Buildings (2021-2030) ($MN)
- Table 102 Middle East & Africa Gypsum Board Market Outlook, By Other End Users (2021-2030) ($MN)
