Plasterboard Market to Reach US$ 30.78 Billion by 2032 at 5.2% CAGR; Asia Pacific Leads with 41% Share - Key Players: Saint-Gobain, Knauf, Etex Group

The global Plasterboard Market reached US$ 20.45 billion in 2024 and is expected to reach US$ 30.78 billion by 2032, growing at a CAGR of 5.2% during the forecast period 2025-2032. Market growth is primarily driven by expanding construction and infrastructure activities worldwide, increasing demand for sustainable and fire-resistant building materials, and rapid urbanization across emerging economies.

Plasterboard, also known as drywall or gypsum board, is a widely used building material in residential, commercial, and industrial construction for walls, ceilings, and partitions. Its advantages include ease of installation, cost-effectiveness, thermal and acoustic insulation properties, and compatibility with modern interior finishes. Growing investments in affordable housing, renovation projects, and stringent building codes emphasizing safety and energy efficiency are further supporting plasterboard adoption. Additionally, innovations in lightweight and moisture-resistant gypsum panels are enhancing product performance and broadening applications, contributing to the long-term expansion of the global plasterboard market.

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The Plasterboard Market refers to the global industry involved in the manufacturing and distribution of gypsum-based boards used for interior walls, ceilings, and partitions in residential and commercial construction.

Key Developments
✅ January 2026: Leading plasterboard manufacturers expanded production capacity in North America and Europe to meet rising demand from residential renovation and non-residential construction projects.

✅ December 2025: Demand for lightweight and moisture-resistant plasterboard products increased, particularly in affordable housing and hospitality sectors, due to improved installation efficiency and durability.

✅ November 2025: Research and development efforts advanced eco-friendly gypsum board formulations, including recycled content and lower embodied carbon products to support sustainable building certifications.

✅ October 2025: Construction firms accelerated adoption of prefabricated wall and ceiling systems incorporating plasterboard to shorten project timelines and reduce on-site labor requirements.

✅ September 2025: Urban infrastructure investments in Asia-Pacific and Middle East regions drove heightened procurement of plasterboards for commercial and public facility construction.

✅ August 2025: Industry standards bodies updated fire performance guidelines for gypsum board installations, prompting manufacturers to align product specifications with stricter safety criteria.

Mergers & Acquisitions
✅ December 2025: A major building materials group acquired a regional plasterboard producer to broaden its footprint in high-growth markets and enhance distribution reach.

✅ October 2025: A construction solutions provider completed the acquisition of a specialty gypsum board manufacturer to integrate complementary wall systems and accelerate market share expansion.

✅ September 2025: A mid-tier building products firm was acquired by a global construction materials leader, strengthening its portfolio in interior finishing products including plasterboards.

Key Players
Saint-Gobain S.A. | Knauf | Etex Group | Armstrong World Industries, Inc. | Fletcher Building Ltd. | Ayhaco Gypsum Products | National Gypsum Company | Atiskan Gypsum Products Ltd. | Georgia-Pacific LLC | LafargeHolcim Ltd.

Key Highlights
Saint-Gobain S.A. - Holds 21.8% share, driven by global leadership in gypsum boards and construction materials, extensive manufacturing footprint, and strong demand from residential and commercial construction.

Knauf - Holds 19.4% share, supported by advanced gypsum solutions, strong presence in Europe and the Middle East, and continuous product innovation in lightweight and fire-resistant boards.

Etex Group - Holds 13.6% share, benefiting from diversified building material offerings, strong distribution networks, and growing adoption of sustainable construction solutions.

Armstrong World Industries, Inc. - Holds 11.2% share, driven by strength in interior solutions, ceiling systems, and architectural wall products across commercial buildings.

National Gypsum Company - Holds 9.1% share, supported by robust gypsum wallboard production capacity and strong penetration in North American residential construction.

Georgia-Pacific LLC - Holds 8.3% share, leveraging integrated building products portfolio, brand recognition, and stable demand from housing and renovation projects.

LafargeHolcim Ltd. - Holds 6.4% share, benefiting from diversified construction materials portfolio and cross-selling opportunities within large infrastructure projects.

Fletcher Building Ltd. - Holds 4.8% share, supported by strong regional presence in Oceania and consistent demand from residential and infrastructure development.

Ayhaco Gypsum Products - Holds 3.1% share, focused on regional gypsum manufacturing with growing adoption in local construction markets.

Atiskan Gypsum Products Ltd. - Holds 2.3% share, serving niche regional demand with specialized gypsum-based construction products.

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Market Drivers
- Rising construction and renovation activities across residential, commercial, and industrial sectors increasing demand for plasterboard solutions.

- Growing preference for lightweight, cost-effective, and easy-to-install wall and ceiling materials in modern building designs.

- Expansion of urban housing projects and infrastructure development in emerging economies supporting plasterboard consumption.

- Increasing adoption of fire-resistant, moisture-resistant, and sound-insulating plasterboard in commercial and institutional buildings.

- Rising focus on sustainable construction practices and use of recyclable building materials driving plasterboard usage.

Industry Developments
- Development of advanced plasterboard products with enhanced fire resistance, acoustic performance, and moisture control properties.

- Expansion of manufacturing capacities to meet rising demand from large-scale construction and infrastructure projects.

- Strategic collaborations between construction material manufacturers and real estate developers to secure long-term supply agreements.

- Increased use of recycled gypsum and eco-friendly production processes to reduce environmental impact.

- Technological improvements in board manufacturing processes to enhance strength, durability, and installation efficiency.

Regional Insights
Asia Pacific - 41% share: "Driven by rapid urbanization, large-scale residential construction, expanding commercial infrastructure, and strong demand from emerging economies such as China and India."

Europe - 26% share: "Supported by renovation of aging buildings, stringent fire and acoustic regulations, and widespread adoption of dry construction methods."

North America - 24% share: "Characterized by steady residential construction activity, strong preference for drywall systems, and high renovation and remodeling demand."

Latin America - 6% share: "Driven by growing housing development, infrastructure investment, and increasing adoption of modern construction materials."

Middle East & Africa - 3% share: "Supported by commercial construction projects, urban infrastructure expansion, and rising adoption of lightweight building materials."

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Key Segments
By Type
Standard plasterboard holds the largest share of the market, driven by its widespread use in residential and commercial construction due to cost-effectiveness and ease of installation. Fire-resistant plasterboard represents a significant segment, supported by stringent building safety regulations and increasing adoption in commercial and high-rise structures. Moisture-resistant plasterboard is growing steadily, driven by rising demand from bathrooms, kitchens, and humid environments. Thermal plasterboard is gaining traction due to increasing focus on energy efficiency and insulation standards in buildings. Specialist boards contribute notably through customized applications requiring enhanced performance characteristics. Sound-insulated plasterboard is expanding with growing demand for noise control in residential and commercial spaces. Impact-resistant plasterboard is increasingly adopted in high-traffic areas, while damp-proof plasterboard supports applications in basements and moisture-prone environments.

By Form
Tapered-edged plasterboard dominates the market, driven by ease of joint finishing and suitability for modern drywall construction. Square-edged plasterboard holds a substantial share, supported by its use in traditional installations and decorative applications.

By End User
The residential segment represents the largest share, driven by urbanization, housing development, and renovation activities. Non-residential applications, including commercial, institutional, and industrial buildings, hold a significant share, supported by infrastructure development and compliance with advanced building standards.

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