Gypsum Board Market Size, Share, Growth Analysis, By Product(Wallboard, Ceiling Board, Pre-decorated board, others), By Type(Standard, Type X, Others), By Application(Pre-engineered Buildings, Residential, Industrial, Commercial), By Region - Industry Forecast 2024-2031

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.