The Global Gypsum Board Market size is expected to reach $98.7 billion by 2030, rising at a market growth of 9.6% CAGR during the forecast period. In the year 2022, the market attained a volume of 44129.6 million units (PER SQ FT), experiencing a growth of 8.7% (2019-2022).
Gypsum boards are often used for ceiling finishes in pre-engineered metal buildings. They contribute to creating a clean and finished appearance while allowing for integrating lighting fixtures, HVAC systems, and other utilities within the ceiling structure. Consequently, the pre-engineered metal buildings segment would generate approximately 7.33% share of the market by 2030. Using gypsum boards in pre-engineered metal buildings contributes to quick construction timelines. Gypsum boards are easy to install, and their lightweight nature allows for efficient and rapid construction, helping to meet project deadlines.
Urbanization leads to a surge in construction activities to accommodate the growing population in urban areas. Versatile and cost-effective, gypsum boards are extensively used for interior applications like walls, ceilings, and partitions in residential and commercial construction projects. Urbanization is accompanied by expanding commercial and industrial spaces to accommodate businesses and economic activities. Therefore, the market is expanding significantly due to the increasing urbanization and population growth. Moreover, Online distribution offers convenience for buyers, including contractors, builders, and individuals involved in construction projects. Customers can procure gypsum boards from the convenience of their homes or workplaces via e-commerce platforms, thereby eradicating the need for physical visits to suppliers. E-commerce streamlines the procurement process for gypsum boards. Thus, because of the growing e-commerce and online distribution, the market is anticipated to increase significantly.
However, Gypsum boards are primarily manufactured using gypsum, a natural mineral. The price fluctuations of raw materials, particularly gypsum, directly impact businesses’ production costs. Sharp and unpredictable increases in raw material prices can lead to higher manufacturing expenses, impacting profit margins for gypsum board producers. The uncertainty associated with volatile raw material prices creates challenges for manufacturers regarding cost predictability. Thus, volatility in raw material prices can slow down the growth of the market.
Gypsum boards are often used for ceiling finishes in pre-engineered metal buildings. They contribute to creating a clean and finished appearance while allowing for integrating lighting fixtures, HVAC systems, and other utilities within the ceiling structure. Consequently, the pre-engineered metal buildings segment would generate approximately 7.33% share of the market by 2030. Using gypsum boards in pre-engineered metal buildings contributes to quick construction timelines. Gypsum boards are easy to install, and their lightweight nature allows for efficient and rapid construction, helping to meet project deadlines.
Urbanization leads to a surge in construction activities to accommodate the growing population in urban areas. Versatile and cost-effective, gypsum boards are extensively used for interior applications like walls, ceilings, and partitions in residential and commercial construction projects. Urbanization is accompanied by expanding commercial and industrial spaces to accommodate businesses and economic activities. Therefore, the market is expanding significantly due to the increasing urbanization and population growth. Moreover, Online distribution offers convenience for buyers, including contractors, builders, and individuals involved in construction projects. Customers can procure gypsum boards from the convenience of their homes or workplaces via e-commerce platforms, thereby eradicating the need for physical visits to suppliers. E-commerce streamlines the procurement process for gypsum boards. Thus, because of the growing e-commerce and online distribution, the market is anticipated to increase significantly.
However, Gypsum boards are primarily manufactured using gypsum, a natural mineral. The price fluctuations of raw materials, particularly gypsum, directly impact businesses’ production costs. Sharp and unpredictable increases in raw material prices can lead to higher manufacturing expenses, impacting profit margins for gypsum board producers. The uncertainty associated with volatile raw material prices creates challenges for manufacturers regarding cost predictability. Thus, volatility in raw material prices can slow down the growth of the market.
By Product Analysis
By product, the market is categorized into wallboard, ceiling board, pre-decorated board, and others. In 2022, the wallboard segment held the highest revenue share in the market. The wallboard is a key component in creating false ceilings or drops ceilings. These ceilings not only conceal structural elements but also allow for incorporating design elements and services. False ceilings enhance the overall aesthetics of space while providing practical benefits such as soundproofing and improved acoustics. The primary and most common use of wallboard is in constructing interior walls. Gypsum boards provide a smooth and even surface, serving as an excellent substrate for paint or other decorative finishes. They provide a quick and cost-effective solution for creating partition walls in residential, commercial, and industrial buildings.
By Application Analysis
Based on application, the market is classified into pre-engineered metal buildings, residential, industrial, commercial, and institutional. The industrial segment acquired a substantial revenue share in the market in 2022. In industrial facilities that incorporate office spaces or administrative areas, gypsum boards provide flexibility in design. They can be used to construct interior walls, ceilings, and other elements that create a functional and aesthetically pleasing work environment. Gypsum boards contribute to energy efficiency when used in industrial construction. They provide thermal insulation that helps regulate indoor temperatures, contributing to energy savings in climate-controlled industrial facilities.By Regional Analysis
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region acquired a significant revenue share in the market. Increasing renovation and remodeling activities across North America contribute to the demand for gypsum boards. The growth of commercial and industrial sectors in North America has led to an increased demand for gypsum boards. The emphasis on sustainable and green building practices in North America has led to adopting gypsum boards with environmentally friendly attributes. As North American building codes emphasize fire-resistant materials, gypsum boards are widely used to create fire-rated assemblies in walls and ceilings.Recent Strategies Deployed in the Market
- Feb-2024: Saint-Gobain Group has completed the acquisition of International Cellulose Corporation, a manufacturer of commercial specialty insulation products. Through this acquisition, International Cellulose Corporation will strengthen the position of Saint-Gobain in light and sustainable construction with its fireproofing and insulation solutions. Additionally, it will enhance energy conservation and efficiency in commercial spaces.
- Dec-2023: Saint-Gobain Group has unveiled a range of products, including gypsum walboards. The product lineup consists of 'Habito Standard,' a gypsum wallboard engineered for heavy loading purposes; 'Rigiroc,' a versatile moisture-resistant board; and 'Glasroc X,' a wallboard ideal for exterior applications.
- Nov-2023: United Mining Industries Limited (UMI) has signed a contract agreement with Gypsum Technologies Inc. (Gyptech), a company involved in the design and construction of wallboard equipment and services. Through this agreement, UMI will supply an additional production line to increase the capacity of the gypsum board factory in Yanbu.
- Oct-2023: Etex NV, a building material manufacturer, has signed an agreement with BGC, an Australian construction company. Under this agreement, Etex will acquire the plasterboard and fiber cement businesses of BGC Australia. Additionally, it will allow Etex to expand its footprints in Australia, with significant growth opportunities.
- Jun-2023: Saint-Gobain Group has signed an agreement with Building Products of Canada Corp., a privately held manufacturer of residential roofing shingles and wood fiber insulation panels. Through this agreement, Saint-Gobain Group will acquire Building Products of Canada Corp. Additionally, this acquisition will further solidify Saint-Gobain's position as a leader in lightweight and sustainable construction within the Canadian market.
List of Key Companies Profiled
- Saint-Gobain Group
- Knauf Gips KG (Gebr. Knauf KG)
- Gypsemna Co., LLC.
- Global Mining Company LLC (GMC)
- National Gypsum Company
- Beijing New Building Materials Public Limited Company
- Etex NV
- United Mining Industries Limited (UMI)
- Ahmed Yousef & Hassan Abdulla Co. (AYHACO GROUP)
- Yoshino Gypsum Co., Ltd.
Market Report Segmentation
By Application (Volume, Million Units (PER SQ FT), USD Billion, 2019-2030)- Residential
- Institutional
- Commercial
- Industrial
- Pre-engineered Metal Buildings
- Wallboard
- Ceiling Board
- Pre-decorated Board
- Others
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 5. Global Gypsum Board Market, by Application
Chapter 6. Global Gypsum Board Market, by Product
Chapter 7. Global Gypsum Board Market, by Region
Chapter 8. Company Profiles
Companies Mentioned
- Saint-Gobain Group
- Knauf Gips KG (Gebr. Knauf KG)
- Gypsemna Co., LLC.
- Global Mining Company LLC (GMC)
- National Gypsum Company
- Beijing New Building Materials Public Limited Company
- Etex NV
- United Mining Industries Limited (UMI)
- Ahmed Yousef & Hassan Abdulla Co. (AYHACO GROUP)
- Yoshino Gypsum Co., Ltd.
Methodology
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