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Global Plasterboard Market to Reach USD 38.2 Billion by 2035; Asia Pacific Emerges as Fastest-Growing Hub, Reports FactMR
Plasterboard Market
The FactMR report, "Plasterboard Market Size, Share, and Forecast 2025-2035," highlights that rising infrastructure investments, rapid urban expansion, and adoption of energy-efficient construction materials will drive nearly USD 9.7 billion in absolute market growth over the decade.
Modern Construction Driving Demand
Between 2025 and 2030, the plasterboard market is projected to expand from USD 28.5 billion to USD 32.7 billion, driven by residential construction growth, rising commercial projects, and the increasing adoption of prefabricated wall systems.
From 2030 to 2035, market growth is forecasted to accelerate, adding USD 5.5 billion, as advanced building designs, automated production, and customized plasterboard solutions gain momentum. These products offer enhanced fire protection, moisture resistance, and ease of installation, making them a preferred choice for modern construction projects.
"Plasterboards have evolved into essential components for high-performance buildings, combining structural reliability with fire and moisture safety," said a FactMR research analyst. "Their adoption is now a key factor in sustainable and efficient building design."
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Asia Pacific Leads Market Growth
Asia Pacific is expected to be the fastest-growing region, led by India, China, Japan, and South Korea. India's market is projected to grow at a CAGR of 4.1%, while China is expected to record a 3.6% CAGR through 2035. Rapid urbanization, increased residential construction, and government initiatives supporting modern housing infrastructure are the key drivers.
Five Forces Driving Market Expansion
Standard Plasterboard Dominance:Standard boards account for more than 60% of global revenue due to versatility and affordability.
Residential Construction Focus:Residential applications hold the largest share at 45%, reflecting the need for fire-safe and moisture-resistant interiors.
Technological Advancements:Additives and coatings improve board durability, dimensional stability, and resistance to mold and fire.
Construction Automation:Integration with automated installation technologies enhances efficiency, reduces labor costs, and ensures consistent quality.
Sustainability Initiatives:Manufacturers are producing eco-friendly, recyclable plasterboards, supporting green building certifications and reducing construction waste.
Segment Overview
By Type:Standard plasterboards dominate, followed by moisture- and fire-resistant boards.
By Application:Residential construction leads, with commercial and industrial projects driving incremental growth.
By Geography:Asia Pacific is fastest-growing, North America and Europe maintain steady demand, while the Middle East and Africa expand gradually due to infrastructure investments.
Competitive Landscape
Key global players shaping the plasterboard market include:
Saint-Gobain
Knauf
USG
Etex
Georgia-Pacific
Lafarge
Boral
Siniat
National Gypsum
Yoshino Gypsum
These companies are investing in product innovation, sustainable manufacturing, and regional expansion strategies, reflecting a strong focus on technologically advanced, high-performance building materials.
Market Outlook: Constructing the Future
Over the next decade, plasterboards are evolving beyond traditional building components into critical enablers of modern, energy-efficient, and safe construction. Advanced solutions that combine high performance, installation efficiency, and sustainability will define the market, providing measurable benefits for builders and developers.
"Plasterboards are no longer just construction materials-they are strategic assets in modern architecture," the FactMR analyst added. "Manufacturers that innovate across material performance, sustainability, and installation efficiency will lead the market in the next decade."
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About Fact.MR
Fact.MR is a global market research and consulting firm, trusted by Fortune 500 companies and emerging businesses for reliable insights and strategic intelligence. With a presence across the U.S., UK, India, and Dubai, we deliver data-driven research and tailored consulting solutions across 30+ industries and 1,000+ markets. Backed by deep expertise and advanced analytics, Fact.MR helps organizations uncover opportunities, reduce risks, and make informed decisions for sustainable growth.
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