Gypsum Board Market By Type (Wall Board, Ceiling Board, and Pre-Decorated Board), By Thickness (1 ½-inch, 2 5/8-inch, and 3 Other Thicknesses), By Application (Residential Sector, Institutional Sector, Industrial Sector, and Commercial Sector), and By Region - Trends, Analysis and Forecast till 2030

Gypsum board market accounted for USD 35.17 Billion in 2020 and is estimated to be USD 65.58 Billion by 2030 and is anticipated to register a CAGR of 6.5%.

Gypsum board consist of a non-combustible core and is made up of gypsum. These boards are also called as aesthetic building materials. Gypsum boards offer an application for decorative purposes, due to their availability in different textures, shapes and sizes, their cost-effectiveness and flexibility. The gypsum boards are light durable, weight, fire resistant and sound control products that are extensively used for partitions, interiors and exterior of a building, ceilings and walls in both. Gypsum boards, also known as wallboards or plasterboards, can be directly attached to metal or wooden framing by using any convenient method – making them dominant in the market to serve as appropriate substitutes over traditional planks and coverings in the coming future.

Rising development in construction sector

Increasing development in the construction sector, wherein gypsum boards are adopted as significant building materials is the major factor driving the growth of the global gypsum board market. The housing authorities of Hong Kong have launched several measures to push-start the construction of low-cost housing. Gypsum boards are easy to install, economical, offer sound dampening properties. Hence, can eagerly replace other materials used in construction, such as bricks, wood, plywood and others. This is projected to accelerate demand for the global market over the forecast period. Moreover, players involved in the construction of industrial, residential institutional, and commercial sectors are anticipated to boost prospects for the gypsum boards market by opting for these boards while building partition ceilings, walls, and dividing screens systems.

However, variation in the import pricing of raw materials from other countries, in terms of taxation may hamper the growth of the target market over the forecast period. Whereas, countries involved in the export business are estimated to present a stable pricing set-up depending on macroeconomic traits.

Gypsum board market is segmented based on type, thickness, application, and region.

Based on type, the global gypsum board market is segmented into wallboard, ceiling board, and pre-decorated board. Based on thickness, the target market is classified into 1 ½-inch, 2 5/8-inch, and 3 other thicknesses. Based on application, the global market is classified into the residential sector, institutional sector, industrial sector, and the commercial sector.

Regional Insights:

The global gypsum board market accounted for US$ 35.17 billion in 2020 and is estimated to be US$ 65.58 billion by 2030 and is anticipated to register a CAGR of 6.5%. On region the global gypsum board market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America contributes a major share in terms of revenue in the global market and is projected to witness a moderate growth rate over the forecast period owing to remodeling and restructuring of homes and rapidly growing construction activities in the region.  The Asia Pacific gypsum board market is anticipated to grow at a significant rate over the forecast period with low-cost labor and easy availability of raw material coupled with a greater requirement for institutional and commercial infrastructure projects. Moreover, increasing disposable income, rapid industrialization, and rising spending power of the people have forced to grow residential construction projects in the region. Also, a partnership between the private companies and the government in developing economies impose significant investments in the infrastructural sector and are some of the major factors expected to boost the growth of the global market in the Asia Pacific. Europe estimates for moderate revenue share in the global market and is probable to witness considerable growth soon.

Gypsum Board Market  Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global gypsum board market report based on type, thickness, application, and region.

Gypsum Board Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating the global gypsum board market American Gypsum, USG Corporation (KNAUF), Beijing New Building Material Public Limited Company (BNBM Group), BGC (Australia) PTY Ltd., Continental Building Products, Everest Industries Limited, Chiyoda Ute Co. Ltd., Georgia-Pacific, Global Gypsum Board Co. LLC (Gypcore), and Jason Plasterboard (Jiaxing) Co. Ltd. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the types to gain a competitive edge in the target market. For instance, in February 2018, Saint-Gobain extended its gypsum-based plasterboard manufacturing capability in India, by opening its fourth manufacturing unit in the country, at Jhagadia, in Gujarat.

• American Gypsum
• USG Corporation (KNAUF)
• Beijing New Building Material Public Limited Company (BNBM Group)
• BGC (Australia) Pty Ltd.
• Continental Building Products
• Everest Industries Limited
• Chiyoda Ute Co. Ltd.
• Georgia-Pacific
• Global Gypsum Board Co. LLC (Gypcore)
• Jason Plasterboard (Jiaxing) Co. Ltd.