gypsum board market size, share, growth drivers, trends, opportunities & forecast 2025–2030
Description
Gypsum Board Market Overview
The Gypsum Board Market is valued at USD 62 billion, based on a five-year historical analysis. This growth is primarily driven by the increasing demand for lightweight construction materials, the adoption of green building practices, and the expansion of the construction industry, particularly in emerging economies. Gypsum boards are favored for their versatility, ease of installation, and alignment with sustainability standards, which further accelerates market adoption. The rise in renovation and remodeling activities, along with advancements in automated installation tools, also contribute to the market's momentum .
Key players in this market include the United States, China, and India, which dominate due to robust construction sectors and high urbanization rates. The United States leads in technological advancements and product innovation, China benefits from large-scale infrastructure projects and rapid industrialization, and India’s ongoing urbanization and government-led affordable housing initiatives are driving demand for gypsum boards in both residential and commercial sectors .
The International Building Code (IBC), 2021 edition, issued by the International Code Council, mandates the use of fire-resistant materials, including gypsum board assemblies, in commercial buildings. These regulations require specific fire-resistance ratings for walls, ceilings, and partitions, thereby increasing demand for fire-resistant gypsum boards in construction projects across the United States. Compliance involves using tested and certified gypsum board products that meet the fire-resistance standards outlined in the IBC .
Gypsum Board Market Segmentation
By Type:
The market is segmented into various types of gypsum boards, including Regular Gypsum Board, Moisture-Resistant Gypsum Board, Fire-Resistant Gypsum Board, Soundproof Gypsum Board, Lightweight Gypsum Board, Flexible Gypsum Board, Pre-Decorated Gypsum Board, and Others. Fire-Resistant Gypsum Board holds a leading position in the market, driven by stringent fire safety regulations and heightened consumer awareness regarding fire hazards in buildings. Moisture-resistant boards are also experiencing increased demand, especially in regions with high humidity, as they are essential for maintaining structural integrity and preventing mold growth. The adoption of lightweight and soundproof boards is rising in modern construction for improved efficiency and comfort .
By End-User:
The end-user segmentation includes Residential, Commercial, Industrial, Institutional, and Government & Utilities. The Residential segment leads the market, fueled by increasing demand for housing, urbanization, and the trend toward open-plan living spaces. The Commercial segment is also significant, as businesses prioritize efficient and aesthetically pleasing interior solutions. Institutional projects such as schools and hospitals, along with government infrastructure initiatives, further support the demand for gypsum boards .
Gypsum Board Market Competitive Landscape
The Gypsum Board Market is characterized by a dynamic mix of regional and international players. Leading participants such as Saint-Gobain, USG Corporation, Knauf Gips KG, National Gypsum Company, Georgia-Pacific Gypsum LLC, CertainTeed (a Saint-Gobain company), Holcim Ltd, Boral Limited, Etex Group, Armstrong World Industries, Inc., Siniat (an Etex company), Gyptec Iberica, Yoshino Gypsum Co., Ltd., PABCO Gypsum, Taishan Gypsum Co., Ltd. (a subsidiary of China National Building Material Company) contribute to innovation, geographic expansion, and service delivery in this space.
Saint-Gobain
1665
La Défense, France
USG Corporation
1901
Chicago, Illinois, USA
Knauf Gips KG
1932
Iphofen, Germany
National Gypsum Company
1925
Charlotte, North Carolina, USA
Georgia-Pacific Gypsum LLC
1927
Atlanta, Georgia, USA
Company
Establishment Year
Headquarters
Group Size (Large, Medium, or Small as per industry convention)
Revenue (USD, latest fiscal year)
Revenue Growth Rate (%)
Market Share (%)
Geographic Presence (No. of countries/regions)
Production Capacity (million sq. meters/year)
Gypsum Board Market Industry Analysis
Growth Drivers
Increasing Demand for Sustainable Building Materials:
The global shift towards sustainability is driving the gypsum board market, with the construction sector increasingly prioritizing eco-friendly materials. In future, the sustainable building materials market is projected to reach $364 billion, reflecting a compound growth rate of 11.4%. This trend is supported by government initiatives promoting green building practices, which are expected to enhance the demand for gypsum boards, known for their recyclability and low environmental impact.
Growth in the Construction Industry:
The construction industry is anticipated to grow significantly, with global spending expected to reach $15 trillion in future. This growth is fueled by urbanization, infrastructure development, and housing projects, particularly in emerging economies. As construction activities ramp up, the demand for gypsum boards, which are essential for interior walls and ceilings, is projected to increase, providing a robust market opportunity for manufacturers.
Technological Advancements in Manufacturing:
Innovations in manufacturing processes are enhancing the efficiency and quality of gypsum board production. In future, the adoption of automated technologies is expected to reduce production costs by approximately 20%. These advancements not only improve product consistency but also enable manufacturers to meet the rising demand for specialized boards, such as moisture-resistant and fire-rated options, thereby expanding their market reach.
Market Challenges
Fluctuating Raw Material Prices:
The gypsum board industry faces challenges due to the volatility of raw material prices, particularly gypsum and additives. In future, the price of gypsum is projected to fluctuate between $10 to $15 per ton, influenced by supply chain constraints and demand-supply imbalances. This unpredictability can impact profit margins for manufacturers, making it difficult to maintain competitive pricing in the market.
Competition from Alternative Materials:
The gypsum board market is increasingly challenged by alternative materials such as plywood, fiber cement, and metal panels. In future, the market share of these alternatives is expected to rise, driven by their perceived durability and versatility. This competition necessitates that gypsum board manufacturers innovate and differentiate their products to retain market share and appeal to construction firms seeking cost-effective solutions.
Gypsum Board Market Future Outlook
The gypsum board market is poised for significant transformation, driven by the increasing emphasis on sustainability and technological advancements. As construction practices evolve, the demand for innovative, eco-friendly products will rise, particularly in urban areas experiencing rapid growth. Additionally, the integration of digital technologies in production processes will enhance efficiency and product quality. Companies that adapt to these trends and invest in research and development will likely capture a larger share of the market, positioning themselves for long-term success.
Market Opportunities
Expansion into Emerging Markets:
Emerging markets, particularly in Asia and Africa, present significant growth opportunities for gypsum board manufacturers. With urbanization rates projected to exceed 50% in these regions in future, the demand for affordable housing and commercial spaces will drive the need for gypsum boards, creating a lucrative market for expansion.
Development of Innovative Product Offerings:
There is a growing demand for specialized gypsum boards, such as fire-resistant and moisture-resistant variants. In future, the market for these innovative products is expected to grow significantly, driven by stricter building codes and safety regulations. Manufacturers that invest in R&D to develop these offerings can capitalize on this trend and meet evolving customer needs.
Please Note: It will take 5-7 business days to complete the report upon order confirmation.
The Gypsum Board Market is valued at USD 62 billion, based on a five-year historical analysis. This growth is primarily driven by the increasing demand for lightweight construction materials, the adoption of green building practices, and the expansion of the construction industry, particularly in emerging economies. Gypsum boards are favored for their versatility, ease of installation, and alignment with sustainability standards, which further accelerates market adoption. The rise in renovation and remodeling activities, along with advancements in automated installation tools, also contribute to the market's momentum .
Key players in this market include the United States, China, and India, which dominate due to robust construction sectors and high urbanization rates. The United States leads in technological advancements and product innovation, China benefits from large-scale infrastructure projects and rapid industrialization, and India’s ongoing urbanization and government-led affordable housing initiatives are driving demand for gypsum boards in both residential and commercial sectors .
The International Building Code (IBC), 2021 edition, issued by the International Code Council, mandates the use of fire-resistant materials, including gypsum board assemblies, in commercial buildings. These regulations require specific fire-resistance ratings for walls, ceilings, and partitions, thereby increasing demand for fire-resistant gypsum boards in construction projects across the United States. Compliance involves using tested and certified gypsum board products that meet the fire-resistance standards outlined in the IBC .
Gypsum Board Market Segmentation
By Type:
The market is segmented into various types of gypsum boards, including Regular Gypsum Board, Moisture-Resistant Gypsum Board, Fire-Resistant Gypsum Board, Soundproof Gypsum Board, Lightweight Gypsum Board, Flexible Gypsum Board, Pre-Decorated Gypsum Board, and Others. Fire-Resistant Gypsum Board holds a leading position in the market, driven by stringent fire safety regulations and heightened consumer awareness regarding fire hazards in buildings. Moisture-resistant boards are also experiencing increased demand, especially in regions with high humidity, as they are essential for maintaining structural integrity and preventing mold growth. The adoption of lightweight and soundproof boards is rising in modern construction for improved efficiency and comfort .
By End-User:
The end-user segmentation includes Residential, Commercial, Industrial, Institutional, and Government & Utilities. The Residential segment leads the market, fueled by increasing demand for housing, urbanization, and the trend toward open-plan living spaces. The Commercial segment is also significant, as businesses prioritize efficient and aesthetically pleasing interior solutions. Institutional projects such as schools and hospitals, along with government infrastructure initiatives, further support the demand for gypsum boards .
Gypsum Board Market Competitive Landscape
The Gypsum Board Market is characterized by a dynamic mix of regional and international players. Leading participants such as Saint-Gobain, USG Corporation, Knauf Gips KG, National Gypsum Company, Georgia-Pacific Gypsum LLC, CertainTeed (a Saint-Gobain company), Holcim Ltd, Boral Limited, Etex Group, Armstrong World Industries, Inc., Siniat (an Etex company), Gyptec Iberica, Yoshino Gypsum Co., Ltd., PABCO Gypsum, Taishan Gypsum Co., Ltd. (a subsidiary of China National Building Material Company) contribute to innovation, geographic expansion, and service delivery in this space.
Saint-Gobain
1665
La Défense, France
USG Corporation
1901
Chicago, Illinois, USA
Knauf Gips KG
1932
Iphofen, Germany
National Gypsum Company
1925
Charlotte, North Carolina, USA
Georgia-Pacific Gypsum LLC
1927
Atlanta, Georgia, USA
Company
Establishment Year
Headquarters
Group Size (Large, Medium, or Small as per industry convention)
Revenue (USD, latest fiscal year)
Revenue Growth Rate (%)
Market Share (%)
Geographic Presence (No. of countries/regions)
Production Capacity (million sq. meters/year)
Gypsum Board Market Industry Analysis
Growth Drivers
Increasing Demand for Sustainable Building Materials:
The global shift towards sustainability is driving the gypsum board market, with the construction sector increasingly prioritizing eco-friendly materials. In future, the sustainable building materials market is projected to reach $364 billion, reflecting a compound growth rate of 11.4%. This trend is supported by government initiatives promoting green building practices, which are expected to enhance the demand for gypsum boards, known for their recyclability and low environmental impact.
Growth in the Construction Industry:
The construction industry is anticipated to grow significantly, with global spending expected to reach $15 trillion in future. This growth is fueled by urbanization, infrastructure development, and housing projects, particularly in emerging economies. As construction activities ramp up, the demand for gypsum boards, which are essential for interior walls and ceilings, is projected to increase, providing a robust market opportunity for manufacturers.
Technological Advancements in Manufacturing:
Innovations in manufacturing processes are enhancing the efficiency and quality of gypsum board production. In future, the adoption of automated technologies is expected to reduce production costs by approximately 20%. These advancements not only improve product consistency but also enable manufacturers to meet the rising demand for specialized boards, such as moisture-resistant and fire-rated options, thereby expanding their market reach.
Market Challenges
Fluctuating Raw Material Prices:
The gypsum board industry faces challenges due to the volatility of raw material prices, particularly gypsum and additives. In future, the price of gypsum is projected to fluctuate between $10 to $15 per ton, influenced by supply chain constraints and demand-supply imbalances. This unpredictability can impact profit margins for manufacturers, making it difficult to maintain competitive pricing in the market.
Competition from Alternative Materials:
The gypsum board market is increasingly challenged by alternative materials such as plywood, fiber cement, and metal panels. In future, the market share of these alternatives is expected to rise, driven by their perceived durability and versatility. This competition necessitates that gypsum board manufacturers innovate and differentiate their products to retain market share and appeal to construction firms seeking cost-effective solutions.
Gypsum Board Market Future Outlook
The gypsum board market is poised for significant transformation, driven by the increasing emphasis on sustainability and technological advancements. As construction practices evolve, the demand for innovative, eco-friendly products will rise, particularly in urban areas experiencing rapid growth. Additionally, the integration of digital technologies in production processes will enhance efficiency and product quality. Companies that adapt to these trends and invest in research and development will likely capture a larger share of the market, positioning themselves for long-term success.
Market Opportunities
Expansion into Emerging Markets:
Emerging markets, particularly in Asia and Africa, present significant growth opportunities for gypsum board manufacturers. With urbanization rates projected to exceed 50% in these regions in future, the demand for affordable housing and commercial spaces will drive the need for gypsum boards, creating a lucrative market for expansion.
Development of Innovative Product Offerings:
There is a growing demand for specialized gypsum boards, such as fire-resistant and moisture-resistant variants. In future, the market for these innovative products is expected to grow significantly, driven by stricter building codes and safety regulations. Manufacturers that invest in R&D to develop these offerings can capitalize on this trend and meet evolving customer needs.
Please Note: It will take 5-7 business days to complete the report upon order confirmation.
Table of Contents
92 Pages
- 1. gypsum board size, share, growth drivers, trends, opportunities & – Market Overview
- 1.1. Definition and Scope
- 1.2. Market Taxonomy
- 1.3. Market Growth Rate
- 1.4. Market Segmentation Overview
- 2. gypsum board size, share, growth drivers, trends, opportunities & – Market Size (in USD Bn), 2019–2024
- 2.1. Historical Market Size
- 2.2. Year-on-Year Growth Analysis
- 2.3. Key Market Developments and Milestones
- 3. gypsum board size, share, growth drivers, trends, opportunities & – Market Analysis
- 3.1. Growth Drivers
- 3.1.1. Increasing demand for sustainable building materials
- 3.1.2. Growth in the construction industry
- 3.1.3. Rising urbanization and population growth
- 3.1.4. Technological advancements in manufacturing
- 3.2. Restraints
- 3.2.1. Fluctuating raw material prices
- 3.2.2. Stringent environmental regulations
- 3.2.3. Competition from alternative materials
- 3.2.4. Supply chain disruptions
- 3.3. Opportunities
- 3.3.1. Expansion into emerging markets
- 3.3.2. Development of innovative product offerings
- 3.3.3. Increasing demand for fire-resistant boards
- 3.3.4. Collaborations with construction firms
- 3.4. Trends
- 3.4.1. Shift towards eco-friendly products
- 3.4.2. Growth of modular construction
- 3.4.3. Increased focus on energy efficiency
- 3.4.4. Adoption of digital technologies in production
- 3.5. Government Regulation
- 3.5.1. Building codes and standards
- 3.5.2. Environmental impact assessments
- 3.5.3. Safety regulations for construction materials
- 3.5.4. Incentives for sustainable building practices
- 3.6. SWOT Analysis
- 3.7. Stakeholder Ecosystem
- 3.8. Competition Ecosystem
- 4. gypsum board size, share, growth drivers, trends, opportunities & – Market Segmentation, 2024
- 4.1. By Type (in Value %)
- 4.1.1. Regular Gypsum Board
- 4.1.2. Moisture-Resistant Gypsum Board
- 4.1.3. Fire-Resistant Gypsum Board
- 4.1.4. Soundproof Gypsum Board
- 4.1.5. Others
- 4.2. By End-User (in Value %)
- 4.2.1. Residential
- 4.2.2. Commercial
- 4.2.3. Industrial
- 4.2.4. Institutional
- 4.2.5. Government & Utilities
- 4.3. By Application (in Value %)
- 4.3.1. Interior Walls
- 4.3.2. Ceilings
- 4.3.3. Partitions
- 4.4. By Investment Source (in Value %)
- 4.4.1. Domestic
- 4.4.2. FDI
- 4.4.3. PPP
- 4.5. By Policy Support (in Value %)
- 4.5.1. Subsidies
- 4.5.2. Tax Exemptions
- 4.5.3. RECs
- 4.6. By Region (in Value %)
- 4.6.1. North India
- 4.6.2. South India
- 4.6.3. East India
- 4.6.4. West India
- 4.6.5. Central India
- 4.6.6. Northeast India
- 4.6.7. Union Territories
- 5. gypsum board size, share, growth drivers, trends, opportunities & – Market Cross Comparison
- 5.1. Detailed Profiles of Major Companies
- 5.1.1. Saint-Gobain
- 5.1.2. USG Corporation
- 5.1.3. Knauf Gips KG
- 5.1.4. National Gypsum Company
- 5.1.5. Georgia-Pacific Gypsum LLC
- 5.2. Cross Comparison Parameters
- 5.2.1. Revenue (USD, latest fiscal year)
- 5.2.2. Market Share (%)
- 5.2.3. Production Capacity (million sq. meters/year)
- 5.2.4. Geographic Presence (No. of countries/regions)
- 5.2.5. R&D Expenditure (% of revenue)
- 6. gypsum board size, share, growth drivers, trends, opportunities & – Market Regulatory Framework
- 6.1. Building Standards
- 6.2. Compliance Requirements and Audits
- 6.3. Certification Processes
- 7. gypsum board size, share, growth drivers, trends, opportunities & – Market Future Size (in USD Bn), 2025–2030
- 7.1. Future Market Size Projections
- 7.2. Key Factors Driving Future Market Growth
- 8. gypsum board size, share, growth drivers, trends, opportunities & – Market Future Segmentation, 2030
- 8.1. By Type (in Value %)
- 8.2. By End-User (in Value %)
- 8.3. By Application (in Value %)
- 8.4. By Investment Source (in Value %)
- 8.5. By Policy Support (in Value %)
- 8.6. By Region (in Value %)
- Disclaimer
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