From walls to wonders, the gypsum board market is on its increase, with the US, China, India, and Brazil building the foundation of modern construction.

Gypsum board, also known as drywall, plasterboard, or wallboard, is a construction material that is widely used in modern buildings for creating interior walls and ceilings. It has become the standard choice for interior finishing due to its affordability, ease of installation, versatility, and fire-resistant properties. Gypsum board is composed of a core made from gypsum, a soft sulfate mineral, sandwiched between two sheets of thick paper or other facing materials. The gypsum core is treated with additives to enhance its strength, moisture resistance, and fire resistance. The board is available in various thicknesses, typically ranging from 6.4mm to 15.9mm, depending on the application and building codes. According to the research report, "Global Gypsum Board Market Outlook, 2029" published by Bonafide Research, the market is anticipated to cross USD 100 Billion by 2029, increasing from USD 54.26 Billion in 2023. The market is expected to grow with 12.23% CAGR by 2024-29. The construction industry is a key driver of gypsum board demand. As the global population continues to grow, the need for residential, commercial, and institutional buildings are increasing. Urbanization and infrastructure development projects contribute to the demand for gypsum board, as it is a cost-effective and versatile material for interior construction. Gypsum board is an affordable material, making it an economical option for large-scale construction projects. It is more budget-friendly than other alternatives, such as plaster, and its ease of installation reduces labor costs. Builders and contractors prefer using gypsum board for its overall cost savings. The material is lightweight and can be easily cut to size, making it simple to handle and install. Additionally, the process of attaching, taping, and mudding gypsum board is straightforward, allowing for efficient construction timelines.

Wallboard, also known as gypsum board, has become the standard material for creating interior walls and ceilings in residential, commercial, and institutional buildings. This dominance can be attributed to several key factors that make wallboard an exceptional construction material, suitable for a wide range of applications. Wallboard offers unparalleled versatility, allowing for seamless installation in various types of projects. Whether the goal is to create simple, flat walls or more complex architectural features such as arches, niches, or coffered ceilings, wallboard can be easily cut, shaped, and installed to meet the desired design. Its compatibility with a wide variety of finishes-such as paint, wallpaper, and textured coatings-further enhances its aesthetic appeal and flexibility. The residential sector plays a pivotal role in driving the gypsum board industry, as it is the primary market for the use of gypsum board in interior construction. This dominance is fueled by several key factors that make gypsum board a highly attractive choice for home builders and contractors. Compared to alternative materials like plaster or wood paneling, gypsum board offers a cost-effective solution for creating interior walls and ceilings. The relatively low cost of the material itself, combined with its quick installation process, helps keep construction budgets manageable and allows for efficient completion of residential projects. The versatility of gypsum board further cements its status as the go-to material in residential construction. Gypsum board can be easily cut to size and shaped to fit various architectural designs and layouts, whether it's creating flat walls, vaulted ceilings, or decorative features such as arches and niches. This adaptability enables architects and interior designers to achieve a wide range of aesthetic effects and customized interior spaces that cater to homeowners' preferences. Gypsum board is lightweight and can be quickly installed by a relatively small crew, reducing labor costs and streamlining construction timelines. The process involves attaching the boards to framing with screws or nails, followed by taping and mudding the seams for a smooth finish. This efficient installation process allows for faster project completion, minimizing disruptions for homeowners.

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The dominant influence of the strong pace of the construction industry in the United States and Canada still arises. Indeed, due to high interest in residential and commercial building construction, demand is gained for gypsum boards on account of their lightweight, cost-effectiveness, and fire-resistance nature. Home renovation has also been an increasing trend in recent times, thereby rising along with the growth of the trend toward sustainable building materials. The US remains the biggest consumer of gypsum boards for various uses, such as wall partitions, ceilings, and interior finishes. Innovations within the gypsum board technologies also find extensive market purchases because of their specified uses, which include moisture-resistant gypsum boards and soundproof gypsum boards. The presence of other key players in the market, like Georgia-Pacific and National Gypsum, makes the competition heighten product development and market growth. The European gypsum board market is visibly growing owing to the immense surge in construction activities-both residential and industrial-especially in Eastern Europe, apart from increasing demand for sustainable building materials. Key participants in this market include Germany, the UK, and France; however, the largest quantities of gypsum board are produced and consumed by Germany. The dominant share in total revenues of wallboard accounts for the immense demand that emanates from residential and commercial construction, applications invoked chiefly by cost-effectiveness and fire-resistant qualities. Besides, rigid regulations regarding energy efficiency and fire safety would drive in demand even for manufacturers who would have to innovate and produce high-performance gypsum boards that meet the standards. Rapid urbanization and increase in disposable incomes, especially in China, India, and Japan, drive the gypsum board market in the Asia-Pacific region at a rapid rate.

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China has also emerged as the largest market in this region due to its rapidly growing construction industry and demand for housing residentially. The trend within the sector is toward a gradual adaptation of modern construction techniques, including prefabrication and modular construction, which have used gypsum boards in the structures owing to their lightness and versatility. Besides this, growing concern regarding sustainable building materials is also pushing the market toward eco-friendly gypsum products. The various differentiations in the products introduced several innovations such as moisture resistance and soundproofing, which are also finding greater acceptance with growing awareness among consumers about the quality of materials being used. The South American gypsum board market is gaining momentum, and this growth is contributed mainly by Brazil and Argentina. Growth in the market relates directly to the overall development of the construction sector, which shows signs of revival due to increased investments in infrastructure and housing. Demand for gypsum boards is on the rise as builders and contractors seek efficient and cost-effective materials to offer interior finishes, wall partitions, and ceilings. However, the market does face certain challenges as economic fluctuations and varying levels of awareness regarding the benefits of gypsum products. The Middle East and Africa gypsum board market is relatively in its emergent stage but has an excellent growth potential among countries such as the UAE, Saudi Arabia, and South Africa. The market is mainly driven due to the growing construction projects on account of urbanization and governmental interest in infrastructure improvements. The demand in the UAE is very high due to the omnipresence of luxury developments, along with a focus on high-class finishes. The market in the region has been termed as one which has developed better awareness of the benefits offered by gypsum boards in terms of fire resistance and flexibility in design aspects.

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Considered in this report
• Geography: Global
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Regions & Countries covered in the report:
• North America (United States, Canada, Mexico)
• Europe (Germany, United Kingdom, France, Spain, Italy, Russia)
• Asia-Pacific (China, Japan, India, Australia, South Korea)
• South America (Brazil, Argentina, Colombia)
• Middle-East & Africa (UAE, Saudi Arabia, South Africa)

Aspects covered in this report
• Global gypsum board market with its value and forecast along with its segments
• Region & Country-wise advanced lead-acid batteries market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

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

By Application
• Residential
• Industrial
• Commercial
• Others

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E-mail: sales@bonafideresearch.com
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Europe: +44 20 8089 0049
North America: +1 201 793 8545
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