Gypsum Board Market Size, Share, Global Industry Trends and Forecast 2025-2033

Gypsum Board Market 2025-2033:

• The global gypsum board market size reached USD 31.7 Billion in 2024.
• The market is expected to reach USD 47.9 Billion by 2033, exhibiting a growth rate (CAGR) of 4.7% during 2025-2033.
• Asia Pacific leads the market, accounting for the largest gypsum board market share.
• Wallboard accounts for the majority of the market share in the product type segment due to its fire-resistant properties, ease of installation, and cost-effectiveness.
• The residential sector holds the largest share in the gypsum board industry, owing to the rising renovation and remodeling activities.
• The rise in construction activities across the globe is a primary driver of the gypsum board market.
• The heightened focus on adopting sustainable materials in construction is reshaping the gypsum board market.

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Industry Trends and Drivers:

• Increasing Construction Activities:

The increasing construction activities, driven by urbanization and the need for more residential, commercial, and industrial spaces is one of the major factors bolstering the market growth. Moreover, the growing preference for gypsum boards as a favored material in construction projects due to their versatility, affordability, and ease of installation is catalyzing the market growth. Along with this, the widespread product application in residential construction for interior walls and ceilings due to their fire-resistant properties and sound insulation is acting as a growth-inducing factor. Additionally, the rising demand for gypsum boards in commercial spaces, such as offices and retail stores, for quick and efficient partitioning and interior finishing is boosting the market growth.

• Growth of Sustainable Building Materials:

The rising focus on sustainability in the construction industry, leading to higher demand for eco-friendly building materials, is positively influencing the market growth. Additionally, the increasing adoption of gypsum boards due to their recyclability, low environmental impact, and energy-efficient production processes is strengthening the market growth. Moreover, the growing production of gypsum boards that requires less energy compared to other building materials like concrete and bricks is fostering the market growth. Along with this, the heightened focus of manufacturers on producing greener gypsum boards by using recycled materials and reducing water and energy consumption in the production process is catalyzing the market growth.

• Rising Demand for Fire-Resistant Materials:

The increasing focus on safety regulations and the growing emphasis on fire-resistant construction materials are creating a positive outlook for the market. Moreover, the rising popularity of gypsum boards due to their excellent fire-resistance properties, which are essential in residential and commercial buildings, is propelling the market growth. In line with this, the growing product utilization in partition walls, ceilings, and other interior applications is favoring the market growth. Besides this, the imposition of various building codes and safety regulations that mandate the use of fire-resistant materials in construction, particularly in high-rise buildings, hospitals, schools, and other public infrastructure, is fueling the market growth.

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Gypsum Board Market Report Segmentation:

Breakup By Product Type:

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

Wallboard account for the majority of shares due to its widespread use in interior walls and ceilings across residential and commercial construction projects.

Breakup By End-Use:

• Residential
• Corporate
• Commercial
• Institutional

Residential dominates the market, driven by the growing need for housing in urban and suburban areas.

Breakup By Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Asia Pacific holds the leading position owing to a large market for gypsum board driven by the rapid urbanization, population growth, and the increasing infrastructure development.

Top Gypsum Board Market Leaders:

The gypsum board market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies.

Some of the key players in the market are:

• Beijing New Building Materials Public Limited Company
• Compagnie de Saint-Gobain S.A.
• Etex NV
• Knauf Gips KG
• Yoshino Gypsum Co. Ltd.

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