Gypsum Board Market Set for Steady Growth at 6.5% CAGR Through 2031, Led by Asia Pacific's Over 40% Market Share | DataM Intelligence

The Global Gypsum Board Market is expected to grow at a CAGR of 6.5% during the forecast period (2024-2031).

Market growth is driven by rapid urbanization and infrastructure development in emerging economies, rising demand for lightweight and fire-resistant construction materials, and expanding residential and commercial construction sectors. Advancements in sustainable gypsum production, increasing adoption of green building standards, growing investments in prefabricated structures, and supportive government policies for affordable housing are further accelerating market expansion.

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United States: Key Industry Developments
✅ December 2025: USG Corporation launched an advanced fire-resistant gypsum board series with enhanced thermal insulation, targeting commercial high-rises amid stricter building codes and rising infrastructure projects.​

✅ October 2025: National Gypsum expanded production capacity in its Texas plant by 20%, introducing moisture-resistant boards for flood-prone areas to support affordable housing initiatives.​

✅ August 2025: CertainTeed (Saint-Gobain) unveiled sustainable gypsum boards made from 30% recycled content, aligning with federal green building standards and energy-efficient retrofits.​

Asia Pacific / Japan: Key Industry Developments
✅ November 2025: Yoshino Gypsum rolled out lightweight, seismic-resistant gypsum boards in Japan, incorporating recycled materials to meet updated disaster-resilient construction mandates.​

✅ September 2025: Knauf Japan introduced eco-friendly, low-VOC gypsum boards for urban residential projects, driven by government subsidies for sustainable redevelopment.​

✅ July 2025: In Asia Pacific, Saint-Gobain expanded its gypsum board manufacturing in India with AI-optimized lines, boosting supply for rapid urbanization and modular housing growth.​

Key Mergers and Acquisitions:
✅ A leading materials firm solidified its supply chain dominance through the acquisition of a key gypsum paperboard liner manufacturing facility, enhancing raw material control for gypsum board production.​

✅ A major investment group expanded its global footprint by acquiring a specialized gypsum board equipment manufacturer, driving technological advancements and market reach.​

✅ Industry leaders pursued strategic merger and acquisition agreements to consolidate positions, alongside heavy investments in new production facilities amid rising demand for sustainable materials.​​​​

Market Segmentation Analysis:
-By Type: Wallboard Leads in Construction Demand
Wallboard dominates with 60% share in 2024, essential for interior walls due to durability and easy installation in residential/commercial builds. Ceiling board follows at 25%, preferred for lightweight acoustic ceilings. Pre-decorated board and others split 10% and 5%, valued for aesthetics and specialty uses like decorative panels.

-By Product: Plain Board Holds Majority for Versatility
Plain board commands 45% share, favored for standard partitioning and cost-efficiency across applications. Moisture resistant board takes 20%, ideal for humid areas like bathrooms. Type X gypsum board (15%), mold resistant (10%), paperless (5%), aerated (3%), sound-proof (1%), and high fire/moisture/others (1%) cater to fire safety, hygiene, and noise control niches.

-By Thickness: 10-15 mm Prevails for Balance
10-15 mm thickness leads at 50% share, balancing strength and workability for most walls/ceilings. 15-20 mm follows at 25% for heavier-duty partitions. 0-10 mm (10%), 20-25 mm (10%), and above 25 mm (5%) suit lightweight panels, industrial, or structural needs.

-By Shape: Tapered Edges Top for Seamless Finishes
Tapered edges hold 40% share, enabling smooth joint taping in professional installations. Square (25%), beveled/round edge (20%), rectangular (10%), and others (5%) support varied edging for aesthetics and handling.

-By Application: Commercial Drives Urban Growth
Commercial segment leads with 40% share, boosted by office/hotel expansions. Residential takes 30% for home renovations. Industrial (15%), institutional (15%) focus on factories/schools needing durability.

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Why is the Gypsum Board Market Growing?
The rapid expansion of the gypsum board market in 2026 is fueled by several critical factors.​

-Construction Boom
Urbanization and infrastructure projects drive demand, especially in emerging economies like India and China, where residential and commercial building surges. Renovation activities further boost usage for walls, ceilings, and partitions.​

-Sustainability Push
Rising adoption of eco-friendly, low-carbon gypsum boards aligns with green building regulations and incentives worldwide. Energy-efficient manufacturing, including renewable integration, enhances market appeal.​

-Material Advantages
Fire-resistant and moisture-resistant properties make gypsum boards preferred over alternatives in safety-focused construction. Lightweight design supports prefab and cost-effective methods in fast-growing regions.​

-Regional Momentum
Asia-Pacific leads due to government-backed housing and infrastructure, while North America grows via renovations and regulations.​

Regional Insights:
-Asia Pacific leads the gypsum board market with the highest share, driven by rapid urbanization, infrastructure projects, and booming construction in countries like China and India, accounting for over 40% of global demand in recent estimates. The region's growth benefits from affordable production and rising residential-commercial builds.​

-North America follows as the second-largest region, holding around 28% market share, fueled by steady U.S. housing renovations, commercial developments, and Canada's infrastructure push, with a mature market valued at approximately USD 4 billion in 2024.​

-Europe ranks third with roughly 23% share, supported by sustainable building regulations, green renovations, and steady demand in Germany, the UK, and France, though growth is moderated by economic fluctuations.​

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Key Players:
USG Corporation | Lafarge Holcim | Cornerstone Building Brands | National Gypsum | Saint-Gobain | Knauf

Key Highlights (Top 5 Key Players) for Gypsum Board Market:
-USG Corporation manufactures high-performance gypsum boards under the Sheetrock brand, offering fire-resistant and mold-resistant solutions for residential and commercial construction worldwide.

-Saint-Gobain produces innovative gypsum boards through its Gyproc line, emphasizing sustainable, lightweight panels with superior acoustic and thermal insulation properties for modern building projects.

-Knauf develops comprehensive gypsum-based systems, including plasterboards and drywall accessories, focusing on eco-friendly manufacturing and high-strength products for interior finishing in diverse applications.

-National Gypsum provides Gold Bond branded gypsum boards and compounds, specializing in moisture-resistant and abuse-resistant varieties tailored for high-traffic commercial and institutional environments.

-LafargeHolcim supplies durable gypsum wallboard solutions under various regional brands, advancing low-carbon production techniques and integrated building systems for energy-efficient construction globally.

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