Drywall & Building Plaster Market Set to Soar: Key Trends and Growth Forecasts Revealed

Drywall Building Plasters Market - In-depth Analysis & Future Outlook

The global drywall building plasters market has emerged as a crucial component of modern construction, driven by the demand for lightweight, cost-effective, and energy-efficient building materials. Drywalls and building plasters are widely used in residential and commercial buildings for their fire resistance, sound insulation, and easy installation. The market is witnessing steady growth due to increasing urbanization, rising construction activities, and technological advancements in building materials.

In 2023, the market was valued at over USD 23 billion, with projections indicating a strong compound annual growth rate (CAGR) through 2032. Key growth drivers include the rising demand for energy-efficient construction materials, growing investment in infrastructure, and the increasing adoption of drywall in non-residential applications. The Gypsum segment leads the market by product type, while Latin America, especially Brazil, stands out as the most dynamic region due to robust construction activities and strategic expansion by leading players.

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➤ Key Highlights from the Report

1. ➤ The global drywall building plasters market is witnessing steady growth driven by construction activity in emerging economies.
2. ➤ Brazil is expected to account for over 50% of the Latin America market by 2025.
3. ➤ Gypsum remains the dominant product, projected to grow at a CAGR of 5.7%.
4. ➤ Residential applications are driving the majority of demand for drywall.
5. ➤ Major players like Saint-Gobain and Knauf are expanding operations in Latin America.
6. ➤ Soundproofing and thermal insulation are key benefits increasing drywall adoption.

Market Segmentation

The drywall and building plasters market is segmented based on product type into drywall, building plaster, gypsum, lime, and cement. Among these, gypsum-based products have gained significant traction due to their superior performance, lightweight nature, and ease of application. Gypsum holds nearly 34% of the Latin American market and continues to expand, particularly in Brazil. Lime and cement also hold market share but are more popular in specific geographies with traditional construction methods.

In terms of application, the market is divided into residential buildings, wholesale and retail buildings, offices, educational institutes, hotels and restaurants, and others. Residential use dominates due to the growing preference for interior customization, thermal regulation, and improved aesthetics. The use of drywalls in hotels and commercial buildings is also increasing owing to their fire-resistant and soundproof qualities, which are essential in hospitality and corporate sectors.

Regional Insights

Latin America, particularly Brazil, plays a pivotal role in the global drywall and building plaster market. Brazil's growing economy and rapid urbanization have led to increased demand for modern construction materials. Brazil alone accounts for nearly 50% of the regional market, expected to grow further due to investments by global leaders like Knauf and Saint-Gobain.

North America and Europe continue to be mature markets, but new growth is emerging in Asia Pacific and the Middle East & Africa, where infrastructural development and urban housing initiatives are gaining pace. These regions are increasingly adopting drywall solutions due to faster installation times and reduced overall construction costs.

Market Drivers

The global drywall building plasters market is primarily driven by the rising demand for lightweight and cost-effective construction solutions. Drywall systems offer fast installation, soundproofing, and fire resistance, making them ideal for residential and commercial use. Additionally, growing concerns over energy efficiency and sustainability in buildings have encouraged the adoption of gypsum boards and plasters, especially in urban centers.

Market Restraints

Despite the advantages, certain limitations hinder the broader adoption of drywall solutions. Drywalls are known to be delicate and susceptible to damage, especially in high-humidity environments. Their installation requires skilled labor, increasing the initial costs. Moreover, the fine dust created during drywall sanding presents a health hazard and reduces appeal among some end users. These factors push consumers toward alternative materials like Wahoo walls and real wood veneer paneling.

Market Opportunities

Amidst the challenges, emerging technologies and product innovation offer promising growth opportunities. Manufacturers are focusing on developing moisture-resistant, mold-resistant, and higher-durability drywall variants. Additionally, rising investments in Latin America, especially in Brazil, open new avenues for market expansion. The growing demand for aesthetically superior interiors, along with increasing home renovation trends, further fuels the opportunity landscape.

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Company Insights

Key players dominating the drywall building plasters market include:

✦ Saint-Gobain
✦ Knauf
✦ Etex Group
✦ USG Boral
✦ LafargeHolcim
✦ Georgia-Pacific
✦ National Gypsum
✦ Yoshino Gypsum
✦ Fletcher Building
✦ Gypsemna

■ In 2024, Saint-Gobain expanded its gypsum manufacturing facility in Brazil to meet rising regional demand.

■ Knauf entered into strategic partnerships with Latin American distributors to improve market penetration.

📌 Frequently Asked Questions (FAQs)

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

Conclusion

The drywall building plasters market is set for a strong growth trajectory driven by the global push for sustainable, fast, and cost-effective building methods. While traditional constraints like susceptibility to damage and labor costs persist, innovations in materials and rising adoption in emerging economies are reshaping the market dynamics. Latin America, led by Brazil, is currently the hotspot for investment and expansion, making it a key region to watch. As global players continue to innovate and expand, the drywall and building plaster market is poised to play an increasingly critical role in modern construction and architectural design.

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This release was published on openPR.