North America Gypsum Boards Market Forecasted to Hit US$21.9 Bn by 2031 - Persistence Market Research

The North America gypsum boards market has been on a steady growth trajectory, driven by the construction industry's constant demand for versatile building materials. Gypsum boards, commonly known as drywall, have become an essential component in both residential and commercial construction due to their fire-resistant, soundproof, and moisture-resistant properties. As of 2024, the market size is valued at US$14.3 billion, with projections indicating a growth rate of 6.3% CAGR, reaching US$21.9 billion by 2031. This growth is fueled by rapid urbanization, rising construction activities, and increasing awareness about sustainable building materials.

The key driver behind this market expansion is the increasing demand for fire-resistant materials in the wake of safety regulations and the need for durable, affordable building solutions. Moreover, advancements in gypsum board technology-such as enhanced moisture resistance and soundproofing qualities-are contributing to the material's broader application across various end-user sectors, including residential, commercial, and industrial. The U.S. is the dominant region, accounting for a significant portion of the market share, primarily due to its robust construction and renovation activities.

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Key Highlights from the Report:

• The North America gypsum boards market is projected to grow at a CAGR of 6.3% from 2024 to 2031.
• The market is expected to increase from US$14.3 billion in 2024 to US$21.9 billion by 2031.
• The increasing demand for fire-resistant and moisture-resistant boards is driving market growth.
• The U.S. is the leading country, with significant growth potential in the residential and commercial sectors.
• Type X boards and Type C boards are witnessing a surge in demand due to their fire-resistant properties.
• Advancements in eco-friendly gypsum board manufacturing processes are boosting market appeal.

Market Segmentation

• Product Type Segmentation
The North America gypsum boards market can be segmented into various product types, with each catering to different needs in the construction industry. The main product categories include Standard boards, Type X boards, and Type C boards. Among these, Type X boards have been gaining popularity due to their superior fire resistance properties. This makes them ideal for commercial and residential applications where safety is a priority, such as in fire-rated walls and ceilings. Meanwhile, Type C boards, which offer enhanced fire resistance with a higher resistance to heat and moisture, are also being increasingly used in both residential and commercial buildings.

• End-User Segmentation
The market is also segmented based on end-users, which include residential, commercial, and industrial sectors. The residential sector remains the largest segment due to the consistent demand for gypsum boards in home construction, renovations, and DIY projects. Commercial applications, such as office buildings, schools, and healthcare facilities, are also significant contributors to the market, with growing emphasis on safety, noise reduction, and aesthetic appeal. The industrial segment, while smaller, has witnessed a steady rise, particularly in specialized applications such as in warehouses and factories requiring durable wall systems.

Regional Insights

• United States
The U.S. is the largest market for gypsum boards in North America, accounting for a substantial share of the region's demand. The U.S. construction industry, which is robust and expanding, plays a central role in this dominance. Major urban centers continue to witness high demand for gypsum boards in both new constructions and renovation projects. The ongoing recovery of the housing market, along with increased spending on non-residential buildings such as offices, hospitals, and schools, further fuels market growth.

• Canada
In Canada, the gypsum boards market is steadily growing, although it remains comparatively smaller than that of the U.S. The increasing demand for green building solutions, alongside the government's push for energy-efficient and fire-safe building materials, is driving the adoption of advanced gypsum boards in both commercial and residential sectors. Additionally, Canada's booming construction industry and its rising urban population contribute to the growth prospects in the region.

Market Drivers

One of the primary drivers of the North America gypsum boards market is the robust construction sector. As cities expand and infrastructure development projects increase, there is a rising demand for building materials that are cost-effective, durable, and environmentally friendly. The growth in new residential and commercial buildings, coupled with increasing renovations and remodeling projects, continues to drive the demand for gypsum boards. Additionally, there is a growing preference for materials that offer fire resistance, moisture resistance, and soundproofing properties, making gypsum boards the material of choice for a wide range of applications.

Market Restraints

Despite the growth in demand, there are several challenges that could hinder the market's potential. One of the major restraints is the fluctuating prices of raw materials, such as gypsum, which can affect the overall cost of production for manufacturers. Additionally, the environmental impact of gypsum mining and the energy-intensive process of board production can raise concerns about sustainability. These factors may limit market expansion in the long run, especially as building codes become more stringent regarding environmental considerations.

Market Opportunities

The North America gypsum boards market offers significant opportunities, particularly in the eco-friendly and sustainable building materials segment. Manufacturers are investing in the development of green gypsum boards that use recycled materials and require less energy to produce. Furthermore, the increasing adoption of advanced technologies to enhance the performance of gypsum boards, such as improved fire resistance and moisture resistance, presents substantial growth prospects. The market is also likely to benefit from rising demand in emerging areas, such as eco-conscious construction and retrofitting of old buildings.

Reasons to Buy the Report

✔ In-depth analysis of the North America gypsum boards market with accurate market projections and trends.
✔ Insights into key growth drivers, market restraints, and opportunities.
✔ A comprehensive breakdown of the market segmentation, including product types, end-users, and regional insights.
✔ Detailed examination of the competitive landscape and key market players in North America.
✔ Identification of emerging trends in the industry, including eco-friendly and advanced gypsum board solutions.

Company Insights

The North America gypsum boards market features several prominent players contributing to its growth. Key companies include:
1. Saint-Gobain (CertainTeed)
2. Knauf Group (USG Corporation)
3. America Gypsum Company LLC
4. Gold Bond Building Products, LLC
5. Etex Group
6. Georgia Pacific LLC
7. Eagle Material Inc.
8. POBCO Gypsum
9. Pioneer Material West
10. Armstrong World Industries

Recent Developments

• Saint-Gobain (CertainTeed) has expanded its gypsum board offerings with advanced eco-friendly solutions, targeting sustainable construction practices.
• Knauf Group (USG Corporation) launched a new line of fire-resistant and moisture-resistant gypsum boards aimed at improving safety and performance in commercial and residential applications.

Conclusion

The North America gypsum boards market is poised for significant growth in the coming years, driven by strong demand from the construction industry, particularly in the U.S. and Canada. With the ongoing advancements in product technologies, such as fire resistance and moisture protection, coupled with the rising focus on sustainable building practices, the gypsum boards market offers substantial opportunities for manufacturers and investors.

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