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Global Drywall Market Share, Trends, Analysis, Forecast: By Type: Standard, Fire-Resistant, Mould/Moisture Resistant; By Application: Residential, Commercial; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Global Drywall Market Outlook
The global drywall market size was around USD 42.17 billion in 2023. The market is further estimated to grow at CAGR of 6.2% in the forecast period of 2024-2032 to reach nearly USD 72.47 billion by 2032.
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The primary driver for the global drywall industry is the growing construction activity in the emerging economies, especially in the Asia Pacific, which represents the leading industry for global drywall industry. The rising repair and renovation activities in the developed countries are expected to add further impetus to the global drywall industry.
With the volume of construction output expected to grow by 85% to USD 15.5 trillion worldwide by 2030, with three countries, China, United States and India, leading the way and accounting for 57% of the total growth, the drywall market is projected to see further growth during the forecasted period of 2024-2032. The construction industry in North America alone is expected to grow at a CAGR of 4-5% in the coming years.
Drywall: Market Segmentation
Drywall, also known as wallboard, plasterboard and gypsum board are panels made of gypsum, used to construct walls and ceiling. Invented by Augustine Sackett, it was initially called Sackett Board, which eventually changed to drywall since it was a ‘dry’ alternative to the traditional lath and plaster technique. Drywall is preferred over plaster as it is easy to install, cost efficient, durable, and easy to repair. It is less expensive, not just because it takes less time to install but also because gypsum is easily available and not expensive to mine. It tends to be fire-resistant as well and helps to reduce noise infiltration.
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Based on its specialised properties, the market is divided into the following types:
- Standard
- Fire-Resistant
- Mould/Moisture Resistant
Drywall finds its applications in the construction industry across residential and commercial sectors. In commercial spaces like hotels and restaurants and educational spaces, drywall can help to build a soundproof space. In the residential sectors, drywalls are also used to enhance the aesthetic appeal of the construction as well as helping provide thermal insulation as false ceilings.
Market Analysis
The growth of the construction sector globally has helped the market. The growing trend of repair, remodelling and renovation in the residential sector has also helped the industry. Since drywall is easy to install, there has been a rising demand for drywall among consumers for ‘do-it-yourself’ (DIY) projects. The market has also been helped by the product’s ability to seamlessly divide spaces, making it an easy and cost-effective option for customizations of interior spaces.
In 2018, the cost of drywall materials increased by about 2-3% globally with gypsum products prices seeing the largest increase of 6-7%. The increase in the prices of cement, aggregates, concrete and lumber ranged between 3-4%.
The Asia Pacific is the largest market for drywall driven by demand in countries like China, India, Japan, and Singapore. The growth of this regional industry is aided by the ease of availability of raw materials, cheap labour costs, healthy economic growth, and rapidly rising construction activities. China is the leading market in the region due to decreasing cost of residential constructions helped by favourable government activities. Rising population is leading to a growing demand for residential constructions in China and India, and thus, aiding the growth of the global drywall industry.
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Key Industry Players in the Global Drywall Market
The report gives a detailed analysis of the following key players in the global drywall market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- USG Corporation
- Georgia-Pacific LLC
- American Gypsum Company
- CertainTeed
- China National Building Materials Co., Ltd.
- 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.
Key Highlights of the Report
| 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 Application |
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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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Drywall Market Analysis
8.1 Key Industry Highlights
8.2 Global Drywall Historical Market (2018-2023)
8.3 Global Drywall Market Forecast (2024-2032)
8.4 Global Drywall Market by Type
8.4.1 Standard
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Fire-Resistant
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Mould/Moisture Resistant
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Drywall Market by Application
8.5.1 Residential
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Commercial
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Drywall Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Drywall Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Drywall Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Drywall Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Drywall Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Drywall Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 USG Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Georgia-Pacific LLC
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 CertainTeed
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 American Gypsum Company
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 China National Building Materials Co., Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2. Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Drywall Market: Key Industry Highlights, 2018 and 2032
2. Global Drywall Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Drywall Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Drywall Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Drywall Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Drywall Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Drywall Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Drywall Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Drywall Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Drywall Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Drywall Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Drywall Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Drywall Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Drywall Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Drywall Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Drywall Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Drywall Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Drywall Market Structure
Key Questions Answered in the Report
The global drywall market is projected to grow at a CAGR of 6.2% in the forecast period of 2024-2032.
The major drivers of the market include rising disposable incomes, increasing population, rising construction industry, and the ability to seamlessly divide spaces, making it an easy and cost-effective option for customisations of interior spaces.
The rising trend of repair, remodelling, and renovation in the residential sector is expected to be a key trend guiding the growth of the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the industry, with the Asia Pacific accounting for the largest market share.
The major types of drywall include standard, fire-resistant, and mould/moisture resistant.
The residential and commercial sectors are the major application sectors in the market.
The leading players in the industry are USG Corporation, Georgia-Pacific LLC, American Gypsum Company, CertainTeed, and China National Building Materials Co., Ltd., among others.
Analyst Review
The global drywall market is majorly being driven by the growth in the construction industry. Aided by the growing trend of repair, remodelling, and renovation in the residential sector, the market is expected to grow at a CAGR of 6.2% in the forecast period of 2024-2032.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its types, the market can be segmented into standard, fire-resistant, and mould/moisture resistant. On the basis of application, the industry can be divided into residential and commercial sectors. The major regional markets for drywall are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the industry. The key players in the above market include USG Corporation, Georgia-Pacific LLC, American Gypsum Company, CertainTeed, and China National Building Materials Co., Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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