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 size was valued at USD 44.98 billion in 2019 and is poised to grow from USD 50.47 billion in 2023 to USD 142.22 billion by 2031, growing at a CAGR of 12.20% in the forecast period (2024-2031).

Gypsum boards are lightweight construction materials that are commonly utilised as interior or exterior walls, ceilings, and partitions in residential or non-residential structures. They are commonly referred to as drywall, wallboard, or plasterboard and can be directly connected to wood or metal framing or existing surfaces with screws, nails, or adhesives. Gypsum boards differ from plywood, hardboard, and fibreboards in terms of sound control, versatility, quality, and convenience, as well as their non-combustible core. As a result, they have become more common and serve as a faster alternative to traditional lath and plaster.

Gypsum boards are made of a core of set gypsum, surfaced with specifically manufactured paper firmly bonded to the core. It is commonly referred to as drywall, plasterboard, and wallboard. Gypsum board is a widely used construction material for partitions and lining walls, roofs, ceilings, and floors.
The market for Gypsum boards is expected to grow in the forthcoming years owing to increase in market entrants, especially after the pandemic. In addition, the market growth is also influenced due to demand for innovative homes and unique designs.

US Gypsum Board Market  is poised to grow at a sustainable CAGR for the next forecast year.