Drywall & Building Plaster Market Forecasted for Robust Growth by 2032 | Saint-Gobain, Knauf Gips KG, USG Corporation, Etex S.A.

Drywall & Building Plaster Market Overview and Growth Insights

The drywall & building plaster market is poised for consistent and substantial growth, fueled by rising construction activity, urban infrastructure expansion, and increasing demand for lightweight, cost-effective building materials. According to Persistence Market Research, the global market is projected to grow steadily through 2032, driven by both residential and commercial construction booms, especially in emerging economies. Modern architecture's emphasis on efficient materials that support quick installation and energy efficiency is pushing the demand for drywall and plaster solutions worldwide.

Among the product segments, drywall dominates due to its ease of use, reduced construction time, and lower labor costs. It is widely used in both residential and commercial settings, including offices, hotels, and academic institutions. Regionally, Asia Pacific stands out as the leading and fastest-growing market, underpinned by rapid urbanization, population growth, and substantial government investment in infrastructure across countries like China, India, and Indonesia. Europe and North America also maintain steady demand, thanks to renovation trends, stringent building codes, and the adoption of fire-resistant materials in construction.

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✅Key Highlights from the Report

➤ The drywall & building plaster market is set to expand significantly by 2032, led by strong construction growth.
➤ Drywall remains the leading product segment due to its high demand in rapid construction projects.
➤ Asia Pacific is the dominant region, driven by infrastructural developments in China and India.
➤ The residential sector continues to account for a major share of product consumption globally.
➤ Green building initiatives are boosting demand for eco-friendly drywall and gypsum products.
➤ Companies are investing in R&D for lightweight, fire-resistant, and soundproof drywall innovations.

✅Market Segmentation

The market is segmented by product type into drywall, building plaster, gypsum, lime, and cement. Drywall, comprising gypsum boards, is widely used in interiors due to its time-saving benefits and adaptability for modern designs. Building plaster, including traditional lime and cement-based plasters, holds relevance in both old and new structures, particularly in areas emphasizing aesthetic finishes. Gypsum-based products lead in sustainability and performance, making them favorable in green construction. Meanwhile, lime and cement plasters continue to find applications in traditional buildings and exterior surfaces.

By application, the market is divided into residential, wholesale & retail buildings, offices, academic & educational buildings, hotels & restaurants, and others. The residential segment remains the largest consumer of drywall and plaster, supported by population growth and increasing urban housing demands. Offices and commercial buildings such as retail stores and hospitality centers are rapidly adopting advanced drywall solutions for their cost-efficiency, modularity, and soundproofing features. Educational and healthcare institutions are also adopting drywall systems for their fire-retardant and anti-bacterial properties.

✅Regional Insights

Asia Pacific continues to dominate the drywall & building plaster market, thanks to accelerated urbanization, industrial development, and massive infrastructure projects in nations like China, India, and Southeast Asia. Government-backed initiatives for affordable housing and smart cities are further boosting demand for fast-installing materials like drywall. The region's climate considerations and increasing preference for thermal insulation have also increased the uptake of gypsum-based solutions.

North America and Europe are mature markets characterized by stringent building regulations and high renovation rates. The demand in these regions is largely driven by green building practices and energy-efficient material mandates. In the United States, residential refurbishments and a focus on sustainable construction are fueling demand for eco-friendly drywall products. In Europe, heritage preservation and strict environmental guidelines are creating steady opportunities for lime and gypsum plasters in both restoration and new projects.

✅Market Drivers

One of the most influential drivers in this market is the global surge in residential and commercial construction. Rapid urban development, particularly in Asia and Latin America, is amplifying the need for cost-effective, time-saving construction materials like drywall. Additionally, the shift toward green buildings has led to a rise in demand for energy-efficient and recyclable materials, with gypsum-based drywall gaining attention for its low carbon footprint. Modern architecture trends, including modular and prefabricated construction, also support the use of drywall and plasters for flexible design and quick deployment.

✅Market Restraints

Despite promising growth, the market faces several challenges. Fluctuating raw material prices, especially for gypsum and lime, can significantly affect production costs and profit margins. Additionally, environmental concerns regarding plaster waste and energy-intensive cement production pose regulatory risks. Another limitation lies in limited awareness in underdeveloped regions, where traditional materials are still preferred due to cost and availability. Moreover, improper installation and maintenance of drywall systems can lead to mold growth and damage, reducing consumer trust in these products in certain markets.

✅Market Opportunities

Amid these restraints, the market presents promising opportunities. Growing awareness of fire-resistant and moisture-resistant drywall opens new avenues in safety-critical infrastructure like hospitals, airports, and educational institutions. The rise of prefabricated construction and smart buildings creates demand for modular drywall systems that are easy to install and adapt. Moreover, sustainable alternatives, such as recycled gypsum boards and eco-plasters, are increasingly favored in both developed and emerging regions. Technological advances in plaster additives and composite formulations offer manufacturers a way to differentiate their offerings and cater to niche requirements.

✅Frequently Asked Questions (FAQs)

➤ How Big is the Drywall & Building Plaster Market in 2025 and What is the Forecast for 2032?
➤ Who are the Key Players in the Global Drywall & Building Plaster Market?
➤ What is the Projected Growth Rate of the Drywall & Plaster Market During the Forecast Period?
➤ What is the Market Forecast for Drywall and Building Plaster Through 2032?
➤ Which Region is Estimated to Dominate the Industry Through the Forecast Period?

✅Company Insights

✦ Knauf Gips KG
✦ Compagnie de Saint-Gobain S.A.
✦ Etex S.A.
✦ USG Corporation
✦ Fermacell
✦ Gyptec Iberica
✦ Georgia-Pacific
✦ National Gypsum Properties, LLC
✦ USG Boral Building Products
✦ PABCO Building Products, LLC
✦ American Gypsum Company LLC

✅Recent Developments

■ In 2024, Knauf Gips KG launched an AI-powered construction solution to streamline drywall installation and improve accuracy in modular building projects.
■ Saint-Gobain announced the opening of a new gypsum board plant in India, reinforcing its commitment to the Asia Pacific market and sustainable manufacturing.

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This release was published on openPR.