Global Gypsum Board Market to Reach USD 36.5 Billion by 2035; Asia Pacific Leads Demand Surge, Reports FactMR

The global gypsum board market is poised for steady growth over the next decade, driven by urbanization, modern construction technologies, and the rising adoption of fire- and moisture-resistant building materials. According to FactMR, the market is projected to grow from USD 27.0 billion in 2025 to USD 36.5 billion by 2035, reflecting a compound annual growth rate (CAGR) of 3.1%.

The FactMR report, "Gypsum Board Market Size, Share, and Forecast 2025-2035," notes that the market will see an absolute increase of USD 9.5 billion, supported by increasing investments in residential, commercial, and industrial construction, as well as the global shift toward energy-efficient and multi-functional building solutions.

A Decade of Construction Transformation

Between 2025 and 2030, the gypsum board market is expected to expand from USD 27.0 billion to USD 31.1 billion, accounting for approximately 43% of total forecast growth. This phase is driven by the rising adoption of fire-resistant systems, growing residential construction, and the penetration of automated construction technologies.

From 2030 to 2035, market growth is projected to accelerate, adding USD 5.4 billion as advanced infrastructure projects, customized gypsum board systems, and modern building technologies gain traction. The integration of automated production, precise quality control, and performance testing ensures materials meet exacting construction standards, improving operational efficiency and structural safety.

"Gypsum boards have evolved from basic building materials to critical components of modern construction ecosystems," said a FactMR research analyst. "Their fire resistance, moisture control, and ease of installation make them indispensable for high-performance building applications."

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India and China: Growth Epicenters

The Asia Pacific region is forecasted to lead global growth, driven by construction expansions in India, China, Japan, and South Korea. India is projected to grow at a CAGR of 4.0%, while China is expected to record 3.5% CAGR through 2035. The expansion is fueled by urbanization, rising residential construction, and the adoption of advanced building materials.

Five Forces Driving Market Expansion

Standard Type Dominance:Standard gypsum boards hold 62% of market share, forming the backbone of modern construction workflows.
Residential Applications:Leading with 46% share, residential projects increasingly prefer gypsum boards for fire safety and structural efficiency.
Technological Advancements:Modern manufacturing, fiber additives, and surface treatments enhance moisture resistance, fire protection, and dimensional stability.
Construction Automation:Integration with building management systems improves installation precision and operational efficiency.
Sustainability and Efficiency:Energy-efficient and cost-effective materials reduce waste, improve installation speed, and enhance ROI for builders.

Segment Overview

By Type:Standard boards dominate, followed by specialized moisture- and fire-resistant boards.
By Application:Residential construction leads, with commercial and industrial sectors following closely.
By Geography:Asia Pacific remains the fastest-growing region, while North America and Europe maintain steady demand.

Competitive Landscape

Key players shaping the gypsum board market include:

Saint-Gobain
Knauf
USG
Etex
Georgia-Pacific
National Gypsum
Lafarge
Boral
Siniat
Yoshino Gypsum

These companies are focusing on innovation in fire- and moisture-resistant boards, energy-efficient production methods, and market expansion in high-growth regions, highlighting the shift toward technologically advanced and sustainable building materials.

Market Outlook: Building the Future

Over the next decade, gypsum boards are set to evolve beyond basic building materials into critical enablers of modern, energy-efficient, and safe construction. Advanced systems that combine structural performance with installation efficiency will dominate the market, offering measurable cost savings and superior operational outcomes.

"Gypsum boards are no longer just components-they are strategic assets in modern construction," the FactMR analyst added. "Manufacturers that focus on innovation, sustainability, and high-performance solutions will lead the market into the next era of building technology."

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