The Latin America drywall market size reached around USD 2.95 Billion in 2024. The market is projected to grow at a CAGR of 5.30% between 2025 and 2034 to reach nearly USD 4.94 Billion by 2034.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
5.3%
Value in USD Billion
2025-2034
Latin America Drywall Market Outlook
*this image is indicative*
Drywall, also known as gypsum board, refers to a type of board which is used as a construction component owing to its strength, proofing, and sound insulation. It is made of different layers of plies of heavy paper, plaster, and fibreboard that are hard bonded to provide extra strength to a structure.
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Based on type, the market is segmented into standard, fire-resistant, and mould/moisture resistant. On the basis of application, the market is classified into on residential and commercial. Major countries in the Latin America drywall market are Brazil, Argentina, Mexico, Chile, Peru, and Colombia, among others.
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. The report gives a detailed analysis of the key players in the Latin America drywall market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
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The residential segment, based on application, accounts for a healthy share of the Latin America drywall market. Drywalls are being increasingly preferred for residential constructions compared to the traditional construction components, owing to their insulation and sound barrier properties. Increasing disposable incomes across the nations, rising usage of advanced design tools in homes, and increasing awareness about sustainable buildings are driving the growth of this segment. Moreover, the rising investments by governments in the region towards urban planning are expected to aid the segment’s growth in the forecast period.
Based on country, Mexico holds a decent share of the Latin America drywall market. Temperature during summer can cause high degree of discomfort especially across areas like Hermosillo. Hence, the drywall market is likely to witness growth opportunities in the coming years. In addition, presence of local suppliers in Mexico is augmenting the supply chain, thereby adding to the market growth.
Saint-Gobain Group is a leading multinational manufacturing corporation which designs, produces, and distributed construction and industrial materials. This corporation was founded in 1665 and is currently headquartered in Courbevoie, France.
Etex Group is a gypsum product manufacturing company which is the owner of leading commercial brands such as Cedral, Durlock, Equitone, Eternit, Gyplac, Kalsi, Pladur, and Promat, among others. The company was established in 1905 and is headquartered in Flanders, Belgium.
Trevo Drywall is a prominent manufacturing company, product portfolio of which includes clover drywall sheets, metal profiles, ribbons, screws, pastas, and thermoacoustic insulation products, among others. The company was founded in 2008 and it is headquartered in Ceara, Brazil.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other market players include Knauf Group, USG Corporation, Wacker Chemie AG, Georgia-Pacific Gypsum LLC, and Grupo Promax, among others.
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In 2024, the market reached an approximate value of USD 2.95 Billion.
The market is projected to grow at a CAGR of 5.30% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 4.94 Billion by 2034.
The increasing applications of drywalls in residential and commercial structures, rising awareness about the advantages offered by drywalls, and growing risk of natural calamities like earthquakes are the major drivers of the market.
The key trends in the market include the growing research and development activities aimed at improving drywall quality and renovations of industrial headquarters and residences with drywall installation.
Standard, fire-resistant, and mould/moisture resistant are the different types of drywalls in the market.
Residential and commercial are primary applications of drywall in the market.
Brazil, Argentina, Mexico, Chile, Peru, and Colombia, among others are the major countries in the market.
Saint-Gobain Group, Etex Group, Trevo Drywall, Knauf Group, USG Corporation, Wacker Chemie AG, Georgia-Pacific Gypsum LLC, and Grupo Promax, among others, are the key Latin America drywall market players, according to the report.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| 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 Application |
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| Breakup by Country |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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