Gypsum Panel Market Growth Accelerates with 11.3 Percentage CAGR Through 2030

The Gypsum Panel Market is expected to grow from USD 46.45 Billion in 2023 to USD 98.06 Billion by 2030, at a CAGR of 11.3% during the forecast period.

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Market Analysis, Factors Propelling And Opportunities

Gypsum panels, or dry board, short for plasterboard-are staples of a modern construction process known for combating fire, longevity, and sound insulation. An increase in urbanization and population contributes to the growing need for residential and commercial structures, which is a key factor expected to drive the market. The increasing government initiatives for affordable housing and smart city development in the emerging economies are also boosting the gypsum panels market. Moreover, the change from traditional construction materials to sustainable and lightweight materials is yet another lucrative opportunity for growth in the market. Moreover, innovations such as lightweight gypsum panel developments and improved production techniques may continue to appeal to a wider audience, driving market expansion.

Trends and Investments in the U.S Market

The U.S. saw a strong post-2023 construction boom in 2024 in residential construction in part due to low-interest rates and government incentives to buy homes. The forecast for sustainable buildings has increased usage of green building materials, including gypsum panels. The investments in R&D have allowed them to produce modern superior gypsum products with great fire resistance and moisture resistance, according to the needs of construction industry. The outlook for the U.S. gypsum panel market is positive due to rising demand from the domestic market which has, in turn, encouraged major manufacturers to scale up their production capacities.

For example, the part of market segmentation and the dominant shareholders.

Product type and application is the two way segmentation for the gypsum panel market.

By Product Type:

Wallboard - This segment held largest market share of ~47% in 2023. Wallboards are preferred because they are easy to install and provide a smooth finish which makes them a suitable option for the interior walls in a residential and commercial setup.

Celling Board: Celling boards are widely used in commercial places for aesthetics, acoustics and fire resistant.

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By Application:

Residential Sector: It accounted for largest revenue share of over 45% in 2023. The increasing urbanization along with the growing global population is leading to rise in residential building construction projects, which in turn is driving the growth of the market over the upcoming years.

The commercial application segment is growing due to the growth of the office space, retail space, and hospitality sector, where durable gypsum panels with second-level design flexibility are applicable.

Competitive Analysis

The competitive landscape of the global gypsum panel market comprises various prominent players who play a significant role in the growth of the gypsum panel market through strategic moves and technological advancements. Trending players in the market include:

Knauf Digital GmbH: One of the largest producers of building materials based on gypsum, Knauf has been a pioneer in digital transformation and sustainability. TTM has been working on developing new and unique gypsum panels which have eco-friendly and better properties to cater to the need for green and sustainable building material in the market.

Saint-Gobain - Saint-Gobain has always been one of the leading companies in innovation, supplying thousands of gypsum products. Acos has recently launched these innovative new lightweight gypsum panels, which not only help improve building efficiency but eliminate the additional transportation costs and installation time associated with conventional methods of indoor cavity walling

USG Corporation - USG has focused on product development by offering high performance gypsum panels that provide better performance in fire and acoustic properties. Due to its emphasis on research and development, the company has become one of the most essential players in the market.

Koch Industries, Inc.: As part of Georgia-Pacific's investment in new manufacturing methods to create stronger, more sustainable gypsum panels. Its focus on improving operational excellence has improved its market share.

Etex NV- Etex recently set its sight on expanding its global footprint by acquiring regional players and investing in new production facilities. It is innovation that has strengthened the company to produce gypsum panels with superior moisture resistance reaching various climatic conditions.

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Regional Analysis

Gypsum Panel Market: Regional OutlookThe regional dynamics of gypsum panel market are different across regions, and are elaborated below:

North AmericaUnited States: The U.S. accounts for a large proportion of the world gypsum panel market due to the strong construction industry and shift towards sustainability. The demand for gypsum panels has also been widely stimulated by government incentives for energy-efficient buildings.

U.K. and Germany - Both have significant shares in the global gypsum panel market owing to the high focus on energy-efficient building and strict building codes. Machineries such as gypsum panels which are utilized in the buildings with green building certifications have expanded its application with the rise of these developments in the region.

France: Government initiatives aimed at promoting sustainable construction and renovation projects are also helping the gypsum panel market share grow in France. Growing emphasis on stringent carbon emission reduction targets in the building space, which is also proving beneficial for gypsum panels.

Japan: Home to one of the largest gypsum panel markets in the world, Japan oversees many of the highly-advanced construction technologies and services in this region and has many of the prime players in this market sector. Market growth is further bolstered by government assistance for disaster-resistant infrastructure.

China: With its massive construction industry and rapid urbanization, it is not surprising that China dominates the global market for gypsum panels. Increasing Investments in Gypsum Panels due to Government Initiatives such as Affordable Housing and Infrastructure Development - FYI, Give your Strategic Business Planning for the Upper Roller to the Bottom of the Top and Create a Disruption in Marketplace, HERE!

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