Press release
Comprehensive 2025 Gypsum Board Suspended Ceilings Market Overview: Trends, Forecasts, and Growth Drivers
Gypsum Board Suspended Ceilings Market
What Is the Expected CAGR for the Gypsum Board Suspended Ceilings Market Through 2025?
The market for gypsum board suspended ceilings has been expanding robustly in the past few years. The market size is expected to increase from $7.34 billion in 2024 to $7.86 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.0%. The historical growth of this market can be linked to factors such as rising urbanization in developing economies, increased use of sustainable building materials, growing preference for lightweight construction materials, heightened demand for moisture-resistant ceilings, and enhanced government funding in infrastructure.
What's the Projected Size of the Global Gypsum Board Suspended Ceilings Market by 2029?
Expectations are that the gypsum board suspended ceilings market will experience significant growth in the coming years. The market is projected to be worth $10.18 billion by 2029, with a compound annual growth rate (CAGR) of 6.7%. This growth during the forecast period can be linked to various factors such as increased residential construction activities, expanding commercial infrastructure development, a growing demand for noise-cancelling interiors, a surge in renovation and remodeling projects, and an elevated awareness of fire safety rules. Notable trends in the forecast period include progress in lightweight gypsum board technology, the incorporation of sound technology, advancements in flame-resistant formulas, the creation of moisture- and mold-resistant gypsum boards, and precision cutting and shaping driven by technology.
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Top Growth Drivers in the Gypsum Board Suspended Ceilings Industry: What's Accelerating the Market?
The growth of the gypsum board suspended ceilings market is anticipated to be driven by the escalating activities in residential construction. The term residential construction refers to the creation or remodeling of living spaces like houses, apartments, and condos. The rapid pace of urbanization is causing a surge in residential construction as the rising urban populus creates a need for new housing infrastructure. This boost in residential construction creates a demand for gypsum board suspended ceilings as they facilitate quick and easy ceiling installations, and contribute to improving interior aesthetics and construction efficiency. As reported by the U.S. Census Bureau in May 2025, privately owned housing completions rose to 1,526,000 in May 2025, an increase from 1,514,000 in May 2024. Thus, the escalating residential construction is anticipated to drive the gypsum board suspended ceilings market's growth. The market is further expected to be pushed by the rise in investments in infrastructure due to increasing urbanization and demand for large-scale construction projects. Infrastructure investments refer to the distribution of funds for the development and modernization of vital physical systems like buildings, transportation, utilities, and industrial facilities. The accelerating urbanization and a rise in the urban population are the reasons behind this surge in infrastructure investments, as there is an increased demand for industrial facilities, utilities, and transport networks. These investments in infrastructure subsequently push the adoption of gypsum board suspended ceilings due to their support of large-scale construction projects, quick installation, modern interior designs, and enhanced building efficiency and design quality. As per the Office for National Statistics in July 2024, the total general government investment in infrastructure reached $17.25 billion (£13.8 billion) in 2023, a 3.9% increase from 2022. Hence, the rising investments in infrastructure are contributing to the growth of the gypsum board suspended ceilings market.
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What Trends Will Shape the Gypsum Board Suspended Ceilings Market Through 2029 and Beyond?
Key players in the gypsum board suspended ceilings market are prioritizing the creation of innovative products like the standard gypsum board. This new focus aims to improve the efficiency of installation, reduce the product's weight, and boost the performance of ceilings across both residential and commercial spaces. The term "standard gypsum board" pertains to a basic interior wall plasterboard and ceiling panel used in dry environments, offering a perfect surface for painting and finishing. For example, CGC Inc, a manufacturing company based in Canada, launched the Sheetrock Brand UltraLight PRO Panel in February 2025. This standard gypsum panel is lightweight and durable, making it ideal for interior walls and ceiling installations. This product provides a weight reduction of up to 8.9% and boasts increased edge durability to resist fastener blowouts, thus making the installation process more straightforward without sacrificing the product's overall resilience. Furthermore, it promotes quicker, more sustainable building practices by minimizing waste and reducing greenhouse gas emissions, which aligns with the industry's ongoing interest in efficiency and environmental sustainability.
What Are the Main Segments in the Gypsum Board Suspended Ceilings Market?
The gypsum board suspended ceilings market covered in this report is segmented -
1) By Product Type: Standard Gypsum Board, Moisture-Resistant Gypsum Board, Fire-Resistant Gypsum Board, Soundproof Gypsum Board, Impact-Resistant Gypsum Board
2) By Installation Type: Exposed Grid, Concealed Grid, Other Installation Types
3) By Thickness: Less than 12 mm, 12 to 15mm, 15 to 20 mm, Above 20 mm
4) By Regionally Available Standards: American Society For Testing And Materials(ASTM) Standards, International Organization For Standardization(ISO) Standards, Local Building Codes
5) By End-User Application: Residential Buildings, Commercial Buildings, Industrial Facilities, Healthcare Facilities, Educational Institutions
Subsegments:
1) By Standard Gypsum Board: Regular White Board, Recycled Paper Faced Board, Lightweight Standard Board
2) By Moisture Resistant Gypsum Board: Green Board, Fiberglass Faced Moisture Resistant Board, Mold and Mildew Resistant Board
3) By Fire Resistant Gypsum Board: Type X, Type C, Glass Fiber Reinforced Fire Board
4) By Soundproof Gypsum Board: Laminated Soundproof Board, Damped Composite Board, Double Layer Acoustic Board
5) By Impact Resistant Gypsum Board: High Density Core Board, Reinforced Fiber Board, Abuse Resistant Board
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Which Top Companies are Driving Growth in the Gypsum Board Suspended Ceilings Market?
Major companies operating in the gypsum board suspended ceilings market are Knauf Gips KG, USG Corporation, Boral Limited, Armstrong World Industries Inc., Taishan Gypsum Co. Ltd., Odenwald Faserplattenwerk GmbH, Siniat SA, Saint Gobain SA, Gypsemna Co LLC, American Gypsum Company LLC, Etex Group SA, PABCO Gypsum, United Mining Industries Co. Ltd., National Gypsum Company, Beijing New Building Material (BNBM) Group Co. Ltd., Yoshino Gypsum Co Ltd, Zawawi Gypsum LLC, Gyptech Systems Pvt. Ltd., Ayhaco Gypsum Products Manufacturing, Shandong Baier Building Materials Co. Ltd.
Which Regions Will Dominate the Gypsum Board Suspended Ceilings Market Through 2029?
Asia-Pacific was the largest region in the gypsum board suspended ceilings market in 2024. The regions covered in the gypsum board suspended ceilings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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