North American Gypsum Boards Market to Reach US$21.9 Billion by 2031, 6.3% CAGR | Persistence Market Research

The North American gypsum boards market is projected to grow from US$14.3 billion in 2024 to US$21.9 billion by 2031, with a CAGR of 6.3%. The demand for lightweight and sustainable construction materials is driving this growth, with gypsum board being a popular choice for residential and commercial interior projects. Despite challenges like the COVID-19 pandemic, the market rebounded in 2021 and is now benefiting from increased consumption in both new construction and remodeling activities. The push for sustainability and regulatory compliance is further shaping the industry's direction, encouraging adoption of greener practices among manufacturers.

𝐆𝐞𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.persistencemarketresearch.com/samples/34540

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: 𝐒𝐭𝐫𝐨𝐧𝐠 𝐆𝐫𝐨𝐰𝐭𝐡 𝐏𝐫𝐨𝐬𝐩𝐞𝐜𝐭𝐬 𝐟𝐨𝐫 𝐆𝐲𝐩𝐬𝐮𝐦 𝐁𝐨𝐚𝐫𝐝𝐬

Gypsum boards, commonly known as drywall or plasterboard, are essential building materials used for wall and ceiling construction in both residential and commercial structures. Known for their lightweight, fire-resistant, and soundproofing qualities, gypsum boards have become a staple in modern building practices. The North American market is poised for significant expansion, driven by rising construction activities, the increasing focus on energy-efficient and sustainable building materials, and the evolving needs of the commercial, residential, and industrial sectors.

The market is expected to grow at a steady pace, with an anticipated CAGR of 6.3% from 2024 to 2031. This growth is reflective of the broader trends in construction and building material innovation, with gypsum boards positioned as a versatile and eco-friendly alternative to traditional wall materials.

𝐊𝐞𝐲 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐨𝐟 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡

Several key factors are driving the growth of the North American gypsum boards market:

1. Booming Construction Industry: The primary factor propelling the market is the ongoing expansion in the construction sector. With increasing urbanization, population growth, and rising investments in infrastructure development, demand for gypsum boards is surging. Residential and commercial construction projects, particularly in the United States and Canada, are driving the need for high-performance materials such as gypsum boards.

2. Focus on Sustainable Building Materials: There is a growing emphasis on sustainability in the construction industry, and gypsum boards align perfectly with this trend. As environmentally-conscious construction practices gain traction, builders are increasingly turning to gypsum boards due to their low environmental impact. Gypsum is abundant and naturally occurring, and the manufacturing process of gypsum boards has a smaller carbon footprint compared to many other materials.

3. Increased Demand for Fire-Resistant and Soundproofing Materials: The versatility of gypsum boards is a significant advantage. As fire safety regulations become more stringent and noise control becomes a priority in residential and commercial spaces, gypsum boards, which are both fire-resistant and soundproof, have found widespread adoption. These properties make gypsum boards an ideal choice for a variety of building applications, including schools, hospitals, offices, and homes.

4. Technological Innovations and Product Advancements: Gypsum board manufacturers are constantly improving their products to meet evolving market demands. Innovations such as moisture-resistant and mold-resistant gypsum boards are gaining popularity, particularly in regions with high humidity. These technological advancements increase the durability and functionality of gypsum boards, expanding their applications across various building types and environments.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: 𝐔.𝐒. 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞𝐬 𝐰𝐢𝐭𝐡 𝐒𝐭𝐞𝐚𝐝𝐲 𝐆𝐫𝐨𝐰𝐭𝐡

The United States remains the largest market for gypsum boards in North America, accounting for a significant share of the overall demand. The country's ongoing construction boom, particularly in the residential, commercial, and industrial sectors, is driving the demand for gypsum boards. Factors such as increased housing starts, large-scale infrastructure projects, and government investments in public works contribute to the strong market outlook.

Canada also plays a significant role in the North American gypsum boards market, with substantial growth anticipated in the coming years. The Canadian market is benefiting from a combination of residential and commercial construction activities, as well as the government's focus on sustainable development. Additionally, the increasing preference for eco-friendly building materials is pushing the demand for gypsum boards in the region.

𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐨𝐧 𝐭𝐡𝐞 𝐆𝐲𝐩𝐬𝐮𝐦 𝐁𝐨𝐚𝐫𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The COVID-19 pandemic had a mixed impact on the construction and building materials industry, including the gypsum boards market. While the pandemic initially caused disruptions in construction activities and supply chains, the market showed resilience as the industry rebounded in 2021. The pandemic also accelerated a shift toward more sustainable building practices, which is expected to benefit the gypsum boards market in the long run.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞: 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐚𝐧𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐡𝐚𝐫𝐞

The North American gypsum boards market is characterized by a competitive landscape with several prominent players dominating the industry. These players focus on product innovation, sustainability, and expanding their market reach to capitalize on growing demand. Some of the key companies in the market include:

• USG Corporation
• Georgia-Pacific LLC
• National Gypsum Company
• CertainTeed (Saint-Gobain)
• Knauf Insulation
• Eagle Materials

These companies are engaged in both organic and inorganic growth strategies, including mergers, acquisitions, and partnerships, to strengthen their position in the market. Additionally, many of these companies are focusing on the development of specialized gypsum boards, such as moisture-resistant and fire-resistant varieties, to meet evolving industry requirements.

𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤: 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐫𝐨𝐣𝐞𝐜𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐝 𝐓𝐫𝐞𝐧𝐝𝐬

As the North American gypsum boards market continues to grow, several trends are expected to shape its future:

1. Emphasis on Eco-Friendly Building Practices: The increasing focus on sustainability and energy-efficient construction will continue to drive the demand for eco-friendly gypsum boards. The integration of recycled materials in gypsum board production, as well as innovations in energy-efficient designs, will play a crucial role in shaping the market landscape.

2. Customization of Gypsum Boards for Niche Applications: The demand for specialized gypsum boards, including moisture-resistant, fire-resistant, and soundproof varieties, is likely to increase. These products are expected to be widely used in commercial and residential buildings where specific needs must be met, such as hospitals, schools, and luxury apartments.

3. Technological Advancements in Manufacturing: As technological advancements continue to evolve, gypsum board manufacturers will focus on improving the efficiency of production processes, enhancing product durability, and reducing costs. Automation and sustainable manufacturing practices will likely be a key focus area for industry players.

𝐂𝐨𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧: 𝐀 𝐁𝐫𝐢𝐠𝐡𝐭 𝐅𝐮𝐭𝐮𝐫𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚𝐧 𝐆𝐲𝐩𝐬𝐮𝐦 𝐁𝐨𝐚𝐫𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The North American gypsum boards market is on a strong growth path, driven by a combination of booming construction activities, an increasing demand for sustainable building materials, and the versatility of gypsum boards in offering fire-resistant, soundproof, and eco-friendly solutions. With the market expected to reach US$21.9 billion by 2031, a CAGR of 6.3%, the outlook remains positive. As construction continues to expand and the focus on sustainable, energy-efficient materials intensifies, gypsum boards will continue to play a key role in shaping the future of building materials in North America.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 "𝐏𝐌𝐑 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐀𝐫𝐭𝐢𝐜𝐥𝐞":

https://www.linkedin.com/pulse/automotive-smart-keys-market-boosted-rising-fpxce

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https://www.linkedin.com/pulse/vessel-traffic-management-system-market-projected-zflke

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

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