Global Gypsum board market

Gypsum Board Market Size, Share, Growth Analysis, By Product (Salt-Based Gypsum Board, Salt-Free Gypsum Board), By Application (Catalytic Softeners), By Region - Industry Forecast 2025-2032


Report ID: SQMIG15F2021 | Region: Global | Published Date: December, 2024
Pages: 157 | Tables: 93 | Figures: 76

Gypsum Board Market Dynamics

Gypsum Board Market Driver

Growing Construction Activities and Demand for Unique Designs to Create More Avenues for Market Growth

  • Drywall and gypsum boards are interchangeable with natural gypsum. The commercial and infrastructural sectors are two of the most major industries that employ drywall and gypsum boards. Furthermore, the global urban population is expected to increase by 68 percent by 2050. This will exacerbate the demand for infrastructure development or repairs to meet the needs of an ever-increasing population. 
  • Many building projects are being planned and carried out in developing economies such as India, China, and Indonesia. Thus, increased construction activity is expected to drive demand for drywall and gypsum boards, propelling the market during the forecast period.
  • It can be used for creating the unique designs and texture for ceilings. The demand for creating aesthetically pleasing wall decor during construction is increasing day by day which in turn helps the market to expand widely.

Gypsum Board Market Restraint

Price Volatility to Impede the market expansion

  • Fluctuations in the raw material prices and implementation of strict regulations regarding gypsum mining are the factors hindering the growth of the market.
  • Growing concern of environmental degradation by forming the by-product of hydrogen sulphide causes major setbacks for the market. Gypsum board residue is disposed of in landfills where the wet, oxygen-free, and carbon-containing circumstances cause the sulfate in the gypsum to break down into poisonous hydrogen sulfide. Therefore, special precautions are needed at landfills for construction and demolition waste to stop these risks to the environment, public health, and safety.
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Global Gypsum Board Market size was valued at USD 52.3 billion in 2022 and is poised to grow from USD 58.99 billion in 2023 to USD 154.63 billion by 2031, growing at a CAGR of 12.80% during the forecast period (2024-2031). 

Major corporations are concentrating their efforts on mergers and acquisitions of minor companies in the gypsum board market to broaden their geographical reach, production capacity, and product variety. Due to the presence of multiple international corporations, the market is extremely competitive. Increased R&D investments by the major firms in the creation of new product designs and textures are anticipated to exacerbate competition. 'Saint-Gobain S.A.  ', 'Knauf Gips KG  ', 'National Gypsum Company  ', 'Yoshino Gypsum Co. Ltd.  ', 'LafargeHolcim Ltd.  ', 'Beijing New Building Material (Group) Co. Ltd.  ', 'BGC (Australia) Pty Ltd.  ', 'Jason Plasterboard Co. Ltd.  ', 'BNBM Group  ', 'Gyproc Saint-Gobain (Thailand) Ltd.  ', 'Ayhaco Gypsum Products Manufacturing  ', 'Gypsemna Company LLC  ', 'Global Mining Company LLC  ', 'Gyptech Systems Inc.  ', 'Beijing Beipeng New Building Materials Co. Ltd.'

Drywall and gypsum boards are interchangeable with natural gypsum. The commercial and infrastructural sectors are two of the most major industries that employ drywall and gypsum boards. Furthermore, the global urban population is expected to increase by 68 percent by 2050. This will exacerbate the demand for infrastructure development or repairs to meet the needs of an ever-increasing population. 

Recycling Trend Will Probably Reshape the Market: The recycling of gypsum board is driving the market in a new direction. Today, only a tiny amount of gypsum and board products are recycled, largely for use in the manufacture of new products.

Based on region global gypsum board market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.

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Global Gypsum board market

Report ID: SQMIG15F2021

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