Gypsum Board Market
Gypsum Board Market Forecasts to 2030 - Global Analysis By Product (Ceiling, Wallboard, Pre-Decorated and Other Products), Thickness, End User and By Geography
According to Stratistics MRC, the Global Gypsum Board Market is accounted for $55.9 billion in 2023 and is expected to reach $146.0 billion by 2030 growing at a CAGR of 14.7% during the forecast period. Gypsum board, also known as drywall or plasterboard, is a widely used building material composed of a gypsum core sandwiched between paper facings. It is commonly employed in interior wall and ceiling construction in residential, commercial, and industrial settings. Its smooth surface allows for easy finishing, painting, or wallpapering. This lightweight yet durable material contributes to efficient construction practices and provides excellent acoustic and thermal insulation.
According to the Investment Information and Credit Rating Agency of India Limited (ICRA), Indian companies are expected to invest more than INR 3.5 trillion or USD 48 billion in infrastructure and real estate in 2022, including residential infrastructure.
Market Dynamics:
Driver:
Rising demand for residential and commercial construction
Gypsum boards are essential in constructing walls and ceilings in these structures due to their ease of installation, cost-effectiveness, and fire resistance. With increasing awareness of sustainability and environmental concerns, there's a growing preference for eco-friendly building materials. Gypsum boards are known for their recyclability and low environmental impact, making them a preferred choice in green building projects. Infrastructure projects such as schools, hospitals, offices, and retail spaces also drive demand for the market growth.
Restraint:
Technological disruptions
Technological advancements in construction methods or materials may disrupt the traditional use of gypsum board or create new alternatives with superior properties. Innovations like lightweight gypsum boards, incorporating materials such as fiberglass or polystyrene, enhance durability while reducing weight, easing handling and installation. Furthermore, advancements in manufacturing processes, such as automated production lines and digital monitoring systems, enhance efficiency and quality control. These are the factors hampering the growth of the market.
Opportunity:
Growing demand for energy-efficient construction
The market is witnessing a surge in demand driven by an increasing emphasis on energy-efficient construction practices. With environmental concerns and regulatory standards shaping the industry landscape, builders and developers are prioritizing materials like gypsum board known for their insulation properties and sustainability. This trend reflects a growing awareness of the long-term benefits of energy-efficient construction, spurring innovation and adoption of greener building solutions within the market.
Threat:
Fluctuations in the cost of raw materials
The market experiences fluctuations in raw material costs due to various factors such as supply chain disruptions, changes in demand, and geopolitical events. For instance, increased demand for gypsum from the construction sector coupled with supply shortages can lead to price spikes. Additionally, fluctuations in energy prices, as gypsum board production is energy-intensive, can impact raw material costs. Market players closely monitor these factors to adapt pricing strategies and mitigate risks associated with volatile raw material prices.
Covid-19 Impact
The COVID-19 pandemic significantly impacted the gypsum board market. As construction projects stalled globally due to lockdowns and supply chain disruptions, demand for gypsum boards plummeted. Restrictions on movement and economic uncertainty led to project delays and cancellations, reducing the need for gypsum board products. However, as economies recover and construction activities resume, the market is expected to gradually rebound, driven by resuming projects and increased investments in infrastructure and housing sectors.
The ceiling segment is expected to be the largest during the forecast period
The ceiling segment is estimated to hold the largest share during the forecast period, due to its numerous advantages, such as fire resistance and ease of installation. Gypsum boards are inherently fire-resistant, making them a popular choice for ceilings where fire safety is a concern. They can be manufactured with enhanced acoustic properties, making them suitable for reducing sound transmission between rooms, which is particularly important for ceilings in commercial buildings, offices, and residential spaces.
The commercial segment is expected to have the highest CAGR during the forecast period
The commercial segment is anticipated to have highest CAGR during the forecast period, due to their versatility, ease of installation, and cost-effectiveness. The demand for the market in the segment is driven by factors such as the growth of the construction industry, urbanization, renovation and refurbishment activities, and building code regulations emphasizing fire safety and sound insulation. Moreover, stringent building regulations and standards regarding safety and sustainability contribute to the preference for gypsum boards in commercial constructions.
Region with largest share:
Europe commanded the largest market share during the extrapolated period owing to the continent's extensive construction activities and infrastructure development. In the European region, gypsum boards find widespread application in diverse construction projects, including residential buildings, commercial complexes, institutional facilities, and industrial structures. There's an increasing focus on sustainability and compliance with environmental regulations in the construction industry. Gypsum boards are favored for their recyclability and low environmental impact compared to traditional building materials.
Region with highest CAGR:
North America is expected to witness highest CAGR over the projection period. The demand for gypsum boards is closely tied to construction activity. As the construction industry grows, so does the demand for gypsum boards. Factors such as population growth, urbanization, and economic conditions play significant roles in driving construction activity. There has been an increasing emphasis on sustainability and green building practices in the construction industry.
Key players in the market
Some of the key players in the Gypsum Board Market include Gypsemna, USG Zawawi Drywall LLC SFZ, Etex Group, Gulf Gypsum Co., United Mining Industries (UMI) Company Ltd., Knauf Middle East, Ahmed Yousef & Hassan Abdulla Co. (AYHACO), Global Mining Company LLC (GMC), Yoshino Gypsum Co. Ltd, National Gypsum Company, Beijing New Building Material (BNBM) Public Ltd, Saint-Gobain Gyproc Middle East and Lafarge Group.
Key Developments:
In October 2021, Etex partners announce a new trade agreement with Kier, and our specialist teams are excited to continue building and developing our strong relationship by working collaboratively on some major upcoming projects, whilst innovating and adding value to Kier’s full building process.
Products Covered:
• Ceiling
• Wallboard
• Pre-Decorated
• Other Products
Thickness Covered:
• 1/2-Inch
• 5/8-Inch
• Other Thickness
End Users Covered:
• Residential
• Commercial
• Industrial
• Institutional
• Pre-Engineered Metal Buildings
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Gypsum Board Market, By Product
5.1 Introduction
5.2 Ceiling
5.3 Wallboard
5.4 Pre-Decorated
5.5 Other Products
6 Global Gypsum Board Market, By Thickness
6.1 Introduction
6.2 1/2-Inch
6.3 5/8-Inch
6.4 Other Thickness
7 Global Gypsum Board Market, By End Users
7.1 Introduction
7.2 Residential
7.3 Commercial
7.4 Industrial
7.5 Institutional
7.6 Pre-Engineered Metal Buildings
7.7 Other End Users
8 Global Gypsum Board Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Gypsemna
10.2 USG Zawawi Drywall LLC SFZ
10.3 Etex Group
10.4 Gulf Gypsum Co.
10.5 United Mining Industries (UMI) Company Ltd.
10.6 Knauf Middle East
10.7 Ahmed Yousef & Hassan Abdulla Co. (AYHACO)
10.8 Global Mining Company LLC (GMC)
10.9 Yoshino Gypsum Co. Ltd
10.10 National Gypsum Company
10.11 Beijing New Building Material (BNBM) Public Ltd
10.12 Saint-Gobain Gyproc Middle East
10.13 Lafarge Group
List of Tables
1 Global Gypsum Board Market Outlook, By Region (2021-2030) ($MN)
2 Global Gypsum Board Market Outlook, By Product (2021-2030) ($MN)
3 Global Gypsum Board Market Outlook, By Ceiling (2021-2030) ($MN)
4 Global Gypsum Board Market Outlook, By Wallboard (2021-2030) ($MN)
5 Global Gypsum Board Market Outlook, By Pre-Decorated (2021-2030) ($MN)
6 Global Gypsum Board Market Outlook, By Other Products (2021-2030) ($MN)
7 Global Gypsum Board Market Outlook, By Thickness (2021-2030) ($MN)
8 Global Gypsum Board Market Outlook, By 1/2-Inch (2021-2030) ($MN)
9 Global Gypsum Board Market Outlook, By 5/8-Inch (2021-2030) ($MN)
10 Global Gypsum Board Market Outlook, By Other Thickness (2021-2030) ($MN)
11 Global Gypsum Board Market Outlook, By End User (2021-2030) ($MN)
12 Global Gypsum Board Market Outlook, By Residential (2021-2030) ($MN)
13 Global Gypsum Board Market Outlook, By Commercial (2021-2030) ($MN)
14 Global Gypsum Board Market Outlook, By Industrial (2021-2030) ($MN)
15 Global Gypsum Board Market Outlook, By Institutional (2021-2030) ($MN)
16 Global Gypsum Board Market Outlook, By Pre-Engineered Metal Buildings (2021-2030) ($MN)
17 Global Gypsum Board Market Outlook, By Other End Users (2021-2030) ($MN)
18 North America Gypsum Board Market Outlook, By Country (2021-2030) ($MN)
19 North America Gypsum Board Market Outlook, By Product (2021-2030) ($MN)
20 North America Gypsum Board Market Outlook, By Ceiling (2021-2030) ($MN)
21 North America Gypsum Board Market Outlook, By Wallboard (2021-2030) ($MN)
22 North America Gypsum Board Market Outlook, By Pre-Decorated (2021-2030) ($MN)
23 North America Gypsum Board Market Outlook, By Other Products (2021-2030) ($MN)
24 North America Gypsum Board Market Outlook, By Thickness (2021-2030) ($MN)
25 North America Gypsum Board Market Outlook, By 1/2-Inch (2021-2030) ($MN)
26 North America Gypsum Board Market Outlook, By 5/8-Inch (2021-2030) ($MN)
27 North America Gypsum Board Market Outlook, By Other Thickness (2021-2030) ($MN)
28 North America Gypsum Board Market Outlook, By End User (2021-2030) ($MN)
29 North America Gypsum Board Market Outlook, By Residential (2021-2030) ($MN)
30 North America Gypsum Board Market Outlook, By Commercial (2021-2030) ($MN)
31 North America Gypsum Board Market Outlook, By Industrial (2021-2030) ($MN)
32 North America Gypsum Board Market Outlook, By Institutional (2021-2030) ($MN)
33 North America Gypsum Board Market Outlook, By Pre-Engineered Metal Buildings (2021-2030) ($MN)
34 North America Gypsum Board Market Outlook, By Other End Users (2021-2030) ($MN)
35 Europe Gypsum Board Market Outlook, By Country (2021-2030) ($MN)
36 Europe Gypsum Board Market Outlook, By Product (2021-2030) ($MN)
37 Europe Gypsum Board Market Outlook, By Ceiling (2021-2030) ($MN)
38 Europe Gypsum Board Market Outlook, By Wallboard (2021-2030) ($MN)
39 Europe Gypsum Board Market Outlook, By Pre-Decorated (2021-2030) ($MN)
40 Europe Gypsum Board Market Outlook, By Other Products (2021-2030) ($MN)
41 Europe Gypsum Board Market Outlook, By Thickness (2021-2030) ($MN)
42 Europe Gypsum Board Market Outlook, By 1/2-Inch (2021-2030) ($MN)
43 Europe Gypsum Board Market Outlook, By 5/8-Inch (2021-2030) ($MN)
44 Europe Gypsum Board Market Outlook, By Other Thickness (2021-2030) ($MN)
45 Europe Gypsum Board Market Outlook, By End User (2021-2030) ($MN)
46 Europe Gypsum Board Market Outlook, By Residential (2021-2030) ($MN)
47 Europe Gypsum Board Market Outlook, By Commercial (2021-2030) ($MN)
48 Europe Gypsum Board Market Outlook, By Industrial (2021-2030) ($MN)
49 Europe Gypsum Board Market Outlook, By Institutional (2021-2030) ($MN)
50 Europe Gypsum Board Market Outlook, By Pre-Engineered Metal Buildings (2021-2030) ($MN)
51 Europe Gypsum Board Market Outlook, By Other End Users (2021-2030) ($MN)
52 Asia Pacific Gypsum Board Market Outlook, By Country (2021-2030) ($MN)
53 Asia Pacific Gypsum Board Market Outlook, By Product (2021-2030) ($MN)
54 Asia Pacific Gypsum Board Market Outlook, By Ceiling (2021-2030) ($MN)
55 Asia Pacific Gypsum Board Market Outlook, By Wallboard (2021-2030) ($MN)
56 Asia Pacific Gypsum Board Market Outlook, By Pre-Decorated (2021-2030) ($MN)
57 Asia Pacific Gypsum Board Market Outlook, By Other Products (2021-2030) ($MN)
58 Asia Pacific Gypsum Board Market Outlook, By Thickness (2021-2030) ($MN)
59 Asia Pacific Gypsum Board Market Outlook, By 1/2-Inch (2021-2030) ($MN)
60 Asia Pacific Gypsum Board Market Outlook, By 5/8-Inch (2021-2030) ($MN)
61 Asia Pacific Gypsum Board Market Outlook, By Other Thickness (2021-2030) ($MN)
62 Asia Pacific Gypsum Board Market Outlook, By End User (2021-2030) ($MN)
63 Asia Pacific Gypsum Board Market Outlook, By Residential (2021-2030) ($MN)
64 Asia Pacific Gypsum Board Market Outlook, By Commercial (2021-2030) ($MN)
65 Asia Pacific Gypsum Board Market Outlook, By Industrial (2021-2030) ($MN)
66 Asia Pacific Gypsum Board Market Outlook, By Institutional (2021-2030) ($MN)
67 Asia Pacific Gypsum Board Market Outlook, By Pre-Engineered Metal Buildings (2021-2030) ($MN)
68 Asia Pacific Gypsum Board Market Outlook, By Other End Users (2021-2030) ($MN)
69 South America Gypsum Board Market Outlook, By Country (2021-2030) ($MN)
70 South America Gypsum Board Market Outlook, By Product (2021-2030) ($MN)
71 South America Gypsum Board Market Outlook, By Ceiling (2021-2030) ($MN)
72 South America Gypsum Board Market Outlook, By Wallboard (2021-2030) ($MN)
73 South America Gypsum Board Market Outlook, By Pre-Decorated (2021-2030) ($MN)
74 South America Gypsum Board Market Outlook, By Other Products (2021-2030) ($MN)
75 South America Gypsum Board Market Outlook, By Thickness (2021-2030) ($MN)
76 South America Gypsum Board Market Outlook, By 1/2-Inch (2021-2030) ($MN)
77 South America Gypsum Board Market Outlook, By 5/8-Inch (2021-2030) ($MN)
78 South America Gypsum Board Market Outlook, By Other Thickness (2021-2030) ($MN)
79 South America Gypsum Board Market Outlook, By End User (2021-2030) ($MN)
80 South America Gypsum Board Market Outlook, By Residential (2021-2030) ($MN)
81 South America Gypsum Board Market Outlook, By Commercial (2021-2030) ($MN)
82 South America Gypsum Board Market Outlook, By Industrial (2021-2030) ($MN)
83 South America Gypsum Board Market Outlook, By Institutional (2021-2030) ($MN)
84 South America Gypsum Board Market Outlook, By Pre-Engineered Metal Buildings (2021-2030) ($MN)
85 South America Gypsum Board Market Outlook, By Other End Users (2021-2030) ($MN)
86 Middle East & Africa Gypsum Board Market Outlook, By Country (2021-2030) ($MN)
87 Middle East & Africa Gypsum Board Market Outlook, By Product (2021-2030) ($MN)
88 Middle East & Africa Gypsum Board Market Outlook, By Ceiling (2021-2030) ($MN)
89 Middle East & Africa Gypsum Board Market Outlook, By Wallboard (2021-2030) ($MN)
90 Middle East & Africa Gypsum Board Market Outlook, By Pre-Decorated (2021-2030) ($MN)
91 Middle East & Africa Gypsum Board Market Outlook, By Other Products (2021-2030) ($MN)
92 Middle East & Africa Gypsum Board Market Outlook, By Thickness (2021-2030) ($MN)
93 Middle East & Africa Gypsum Board Market Outlook, By 1/2-Inch (2021-2030) ($MN)
94 Middle East & Africa Gypsum Board Market Outlook, By 5/8-Inch (2021-2030) ($MN)
95 Middle East & Africa Gypsum Board Market Outlook, By Other Thickness (2021-2030) ($MN)
96 Middle East & Africa Gypsum Board Market Outlook, By End User (2021-2030) ($MN)
97 Middle East & Africa Gypsum Board Market Outlook, By Residential (2021-2030) ($MN)
98 Middle East & Africa Gypsum Board Market Outlook, By Commercial (2021-2030) ($MN)
99 Middle East & Africa Gypsum Board Market Outlook, By Industrial (2021-2030) ($MN)
100 Middle East & Africa Gypsum Board Market Outlook, By Institutional (2021-2030) ($MN)
101 Middle East & Africa Gypsum Board Market Outlook, By Pre-Engineered Metal Buildings (2021-2030) ($MN)
102 Middle East & Africa Gypsum Board Market Outlook, By Other End Users (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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