Gypsum-Based Plasterboard Market on Track for Strong Growth, Estimated to Grow at 8.2% CAGR Through 2029

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What Is the Expected CAGR for the Gypsum-Based Plasterboard Market Through 2025?
The market size of gypsum-based plasterboard has experienced a significant expansion in the recent past. Estimated to grow from a size of $22.5 billion in 2024 to a larger $24.28 billion in 2025, this represents a compound annual growth rate (CAGR) of 7.9%. This growth during the historical period can be associated with factors like the rise in construction projects, an escalating focus on eco-friendly building materials, improved characteristics of gypsum-based plasterboard, various government guidelines and initiatives, along with a surge in renovation and remodeling tasks.

What's the Projected Size of the Global Gypsum-Based Plasterboard Market by 2029?
The market for gypsum-based plasterboard is poised for robust expansion in the coming years, with the expectations of reaching a value of $33.31 billion in 2029, showcasing a compound annual growth rate (CAGR) of 8.2%. This upward trajectory during the forecast period is associated with the global transition towards eco-friendly construction methods, heightened knowledge about energy conservation, surging demands from blossoming markets, a burgeoning real estate industry, and the inclusion of automation in board production. Key trends projected during this period encapsulate technological innovations in production, the incorporation of recycled materials and focus on waste minimization, a rising inclination towards multifunctional plasterboard, the burgeoning demand for gypsum-based plasterboard, the rise of intelligent buildings, and the merger of technology.

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Top Growth Drivers in the Gypsum-Based Plasterboard Industry: What's Accelerating the Market?
The burgeoning demand in the construction sector is predicted to fuel the expansion of the market for gypsum-based plasterboard in the future. Construction activities consist of numerous aspects and procedures tied to the infrastructure development for sewage, stormwater, and nonpoint-source projects. A surge in construction work is attributed to rapid urbanization, advancements in infrastructure, and technological progress. Gypsum-based plasterboards play a vital role in construction work - they are used in the creation of interior walls, ceilings, and partitions and are appreciated for their smoothness, resistance to fire, and easy installation. These surfaces are compatible with both paint and wallpaper. For example, a report from the UK's Office for National Statistics in November 2023 communicated that the value of new construction projects in Great Britain rose by 15.8% in 2022, reaching a record-breaking peak of (£132,989) $174,216 million. This impressive growth was primarily driven by an appreciable increase in both the private sector, which registered a rise of $18,430 million, and the public sector, experiencing a $5,329 million increase. Consequently, the growing demand originating from the construction sector is boosting the market for gypsum-based plasterboards.

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What Are the Key Trends Driving Gypsum-Based Plasterboard Market Growth?
Leading companies in the gypsum-based plasterboard market are introducing innovative product lines with enhanced features such as multi-purpose, moisture-proof boards. These developments are engineered to augment functionality, conform to industry norms and promote sustainability. Multi-purpose moisture-proof boards, a variant of gypsum boards, are designed to endure high humidity and dampness, thus making them apt for use in kitchens, bathrooms and laundry rooms that are moisture-prone. For example, in December 2023, Saint-Gobain Gyproc, a firm based in France that manufactures gypsum-based construction materials, launched a variety of products, composed of gypsum wallboards. The product range includes Habito Standard, a gypsum wallboard suitable for both heavy planned and unexpected load applications, Rigiroc, an adaptable moisture-proof board, and Glasroc X, a wallboard designed for exterior applications. By offering these state-of-the-art features, Saint-Gobain Gyproc not only meets functional necessities but also caters to contemporary design preferences, hence placing it at the forefront of the gypsum wallboard sector.

What Are the Main Segments in the Gypsum-Based Plasterboard Market?
The gypsum-based plasterboard market covered in this report is segmented -

1) By Type: Standard Plasterboard, Fire-Resistant Plasterboard, Sound-Insulated Plasterboard, Thermal Plasterboard, Moisture-Resistant Plasterboard, Impact-Resistant Plasterboard, Other Types
2) By Material: Gypsum, Bio-Based
3) By End-User Application: Residential, Non-Residential

Subsegments:
1) By Standard Plasterboard: Regular Gypsum Board, Lightweight Gypsum Board
2) By Fire-Resistant Plasterboard: Type X Gypsum Board, Type C Gypsum Board
3) By Sound-Insulated Plasterboard: High-Density Gypsum Board, Laminated Acoustic Gypsum Board
4) By Thermal Plasterboard: Insulated Gypsum Board, Foil-Backed Gypsum Board
5) By Moisture-Resistant Plasterboard: Green Board, Cement-Backed Gypsum Board
6) By Impact-Resistant Plasterboard: Reinforced Gypsum Board, Fiberglass-Mat Gypsum Board
7) By Other Types: Mold-Resistant Plasterboard, Flexible Gypsum Board

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Which Top Companies are Driving Growth in the Gypsum-Based Plasterboard Market?
Major companies operating in the gypsum-based plasterboard market are Holcim Group, Knauf Gips KG, Georgia-Pacific LLC, USG Corporation, Eagle Materials Inc., USG Boral Middle East, CSR Limited, Daiken Corporation, National Gypsum Company, Taishan Gypsum Co. Ltd., Siam Gypsum Industry Co. Ltd., Siniat UK Limited, Fermacell GmbH, Winstone Wallboards Ltd., Gypsemna Co. LLC, American Gypsum Company LLC, Etex Group, Compagnie de Saint-Gobain S.A., Gypsum Structural India Pvt. Ltd., KNAUF USG Systems, Yoshino Gypsum Co. Ltd., Gyptec Ibérica SA, Beijing New Building Material, Gulf Gypsum Co. LLC

Which Regions Will Dominate the Gypsum-Based Plasterboard Market Through 2029?
North America was the largest region in the gypsum-based plasterboard market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gypsum-based plasterboard market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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