Drywall Panels

Global Drywall Panels Market to Reach US$70.6 Billion by 2030

The global market for Drywall Panels estimated at US$53.5 Billion in the year 2024, is expected to reach US$70.6 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2024-2030. Regular Drywall Panels, one of the segments analyzed in the report, is expected to record a 3.6% CAGR and reach US$25.3 Billion by the end of the analysis period. Growth in the Moisture-Resistant Drywall Panels segment is estimated at 6.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$14.6 Billion While China is Forecast to Grow at 7.3% CAGR

The Drywall Panels market in the U.S. is estimated at US$14.6 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$13.7 Billion by the year 2030 trailing a CAGR of 7.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.4% and 4.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.0% CAGR.

Global "Drywall Panels" Market – Key Trends & Drivers Summarized

Why Are Drywall Panels Cementing Their Role in the Modern Construction Boom?

The global drywall panels market is experiencing consistent growth as lightweight, cost-effective building materials gain preference in residential, commercial, and industrial construction. Known for their ease of installation, fire resistance, and sound insulation capabilities, drywall panels—also referred to as gypsum boards or plasterboards—have become a cornerstone of interior architecture worldwide. With rapid urbanization and population growth, particularly in Asia-Pacific and the Middle East, the demand for affordable, quickly deployable construction solutions is surging. Drywall panels are being favored over traditional brick-and-mortar methods for their ability to reduce labor costs, shorten construction timelines, and facilitate design flexibility. Additionally, the post-pandemic shift toward home improvement and interior remodeling—especially in North America and Europe—has contributed to increased usage in ceilings, partition walls, and cladding applications. As both public and private infrastructure development accelerates globally, drywall panels are becoming an essential element in sustainable and efficient building practices.

How Are Technological Advancements Elevating the Capabilities of Modern Drywall?

Innovation in manufacturing and materials science is revolutionizing the drywall industry. Advanced formulations now enable the production of moisture-resistant, mold-resistant, and fire-rated drywall panels suitable for specialized environments such as bathrooms, kitchens, basements, and healthcare facilities. New gypsum panel technologies include paperless variants with fiberglass facings, as well as lightweight core compositions that reduce structural load without compromising durability. Some manufacturers are also exploring eco-friendly drywall options made with recycled content or low-carbon production methods, aligning with global green building certifications like LEED and BREEAM. Enhanced edge-taping systems, score-and-snap designs, and pre-finished panels are making installation faster and more precise, reducing on-site waste and labor inefficiencies. Integration with other smart building components—such as in-wall cabling, embedded insulation, or vapor barriers—is also becoming more common, positioning drywall panels not just as passive surfaces but as active elements in the building envelope.

What Is the Impact of Regulatory Standards and Sustainability Goals on the Drywall Market?

The global construction industry is under increasing pressure to comply with environmental standards, fire safety codes, and indoor air quality regulations—factors that are directly influencing drywall product selection. Many regions now mandate the use of non-combustible or fire-rated materials in multi-unit dwellings, high-rise buildings, and public infrastructure, boosting demand for Type X and Type C drywall panels. Similarly, regulations concerning volatile organic compounds (VOCs), formaldehyde emissions, and energy efficiency are prompting developers to choose drywall solutions that are low-emitting, recyclable, and thermally efficient. Construction firms are aligning with green certification programs that reward the use of environmentally responsible materials, which is driving the popularity of drywall made with synthetic or recycled gypsum. Furthermore, building codes in disaster-prone areas are encouraging the use of impact-resistant or weatherproof drywall variants. These regulatory pressures are shaping both product development and procurement strategies, ensuring that drywall solutions meet performance and sustainability benchmarks.

What Are the Key Drivers Fueling Growth in the Global Drywall Panels Market?

The growth in the drywall panels market is driven by several factors. The surge in global construction activity—especially in developing economies—is increasing the demand for affordable, rapid-build materials that facilitate scalable residential and commercial development. Technological advancements in panel design, including the introduction of moisture-resistant, fire-rated, and eco-friendly variants, are widening the application scope of drywall across different climatic and regulatory contexts. Consumer trends toward home renovation, soundproofing, and interior customization are fueling the use of drywall in retrofitting and remodeling projects. From an industry perspective, growing emphasis on sustainable construction practices is prompting the adoption of gypsum boards that offer recyclability, low emissions, and thermal efficiency. Additionally, the expansion of logistics and manufacturing networks is improving product availability and reducing cost barriers in emerging markets. Collectively, these dynamics are accelerating the growth and evolution of the global drywall panels market.

SCOPE OF STUDY:

The report analyzes the Drywall Panels market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Drywall Panel (Regular Drywall Panels, Moisture-Resistant Drywall Panels, Plaster Baseboard Drywall Panels, Other Drywall Panels); Application (Residential Application, Non-Residential Application)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 41 Featured) -

• American Gypsum Company LLC
• Beijing New Building Material Co., Ltd.
• CertainTeed Corporation
• Continental Building Products, Inc.
• Etex Group
• Fassa Bortolo
• Georgia-Pacific LLC
• Gypfor
• Gypsemna
• Gyptec Ibérica
• Knauf Gips KG
• LafargeHolcim Ltd.
• National Gypsum Company
• PABCO Gypsum
• Panel Rey
• Saint-Gobain S.A.
• Siniat Ltd.
• Taishan Gypsum Co., Ltd.
• USG Boral Building Products Pty Ltd.
• USG Corporation

AI INTEGRATIONS
We`re transforming market and competitive intelligence with validated expert content and AI tools.

Instead of following the general norm of querying LLMs and Industry-specific SLMs, we built repositories of content curated from domain experts worldwide including video transcripts, blogs, search engines research, and massive amounts of enterprise, product/service, and market data.

TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by increasing the Cost of Goods Sold (COGS), reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.