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The global gypsum board market reached a value of about USD 29.51 Billion in 2023. The market is expected to reach a value of USD 46.97 Billion by 2032, at a projected CAGR of 5.30% over the forecast period.
Base Year
Historical Year
Forecast Year
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North America is a significant market for gypsum board. Factors such as a strong demand for sustainable construction, combined with the rapid introduction of new technologies and the availability of trained labour, have influenced the regional market positively. Another main factor driving the growth of the market is the rising residential and commercial construction spending in the area. In addition, the emergence of prominent producers in the area is expected to stimulate demand over the forecast period. The Asia Pacific is expected to report a substantial growth rate in the gypsum board industry during the forecast period. Increasing construction projects in China and India, along with the well-established construction industry in the area, is expected to fuel commodity demand, thus boosting business growth in the coming years.
Gypsum board, generally referred to as drywall, is the premier construction material for wall, roof, and partition schemes in industrial, institutional, and industrial buildings because of its intrinsic fire resistance. Crafted to have a monolithic surface while a joint treatment device covers joints and fastener heads, gypsum materials can provide sound control, economy, flexibility, consistency, and convenience.
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The market is segmented on the basis of type into:
The market is categorised in terms of product into:
The market is divided on the basis of end use into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Over the past few years, the global gypsum board industry has seen phenomenal growth and is projected to witness substantial growth during the forecast period as well. This could be attributed to the rising demand from end use industries across the world. In this new age, technology has changed in the building industry, and the rising demand for aesthetic improvements in the building structures has boosted the market for gypsum board as the product has the flexibility for creating innovative designs and textures on the surface. Over the decades, the construction industry has created ample prospects for growth in the industry. Emerging markets, in particular, are increasing their investment in infrastructure. Furthermore, factors like the increasing urbanisation, rising residential industry, and many advantages of gypsum board are propelling the market growth of gypsum board.
The report gives a detailed analysis of the following key players in the global gypsum board market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Product |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global gypsum board market attained a value of nearly USD 29.51 Billion.
The market is projected to grow at a CAGR of 5.30% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 46.97 Billion by 2032.
The major drivers of the market include rising disposable incomes, increasing urbanisation, rising demand from the end-use industries, and extensive applications of the product.
The key trends in the market include the increasing government investment in infrastructure, especially in the emerging economies.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major types of gypsum board are standard, type X, among others.
The significant products of gypsum board are wallboard, ceiling, and pre-decorated, among others.
The major end uses include residential, commercial, industrial, and institutional, among others.
The major players in the market are Saint Gobain, Knauf Gips KG, Georgia-Pacific LLC, USG BORAL, Etex Group, and LafargeHolcim Ltd, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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