Gypsum-Based Plasterboard Market Report 2025

The gypsum-based plasterboard market size has grown strongly in recent years. It will grow from $22.5 billion in 2024 to $24.28 billion in 2025 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to increasing construction activities, rising focus on sustainable building materials, enhanced properties of gypsum-based plasterboard, government regulations and initiatives, and growth in renovation and remodeling activities.

The gypsum-based plasterboard market size is expected to see strong growth in the next few years. It will grow to $33.31 billion in 2029 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to a global shift toward environmentally sustainable building practices, growing awareness about energy efficiency, increasing demand from emerging markets, an expanding real estate sector, and board manufacturing including automation. Major trends in the forecast period include technological advancements in manufacturing, use of recycled materials and waste reduction, growing preference for plasterboard that offers multiple functionalities, demand for gypsum-based plasterboard, development of smart buildings, and the integration of technology.

The forecast of 8.2% growth over the next five years reflects a modest reduction of 0.2% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. The US could be impacted by tariffs on raw gypsum, additives, and paper facing materials imported from Canada and Europe, possibly leading to supply chain disruptions and higher prices. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

The growing demand from the construction industry is expected to drive the expansion of the gypsum-based plasterboard market. Construction activities encompass a wide range of operations involved in developing infrastructure, including sewage, stormwater, and nonpoint-source projects. The increase in construction activity is attributed to rapid urbanization, infrastructure development, and advancements in technology. Gypsum-based plasterboard is widely used in construction to create interior walls, ceilings, and partitions, offering a smooth, fire-resistant, and easy-to-install surface that can be finished with paint or wallpaper. For example, in November 2023, a report from the Office for National Statistics, a UK-based government agency, showed that the value of new construction work in Great Britain increased by 15.8% in 2022, reaching a record high of £132.98 billion ($174,216 million). This growth was driven by significant increases in both the private sector, which rose by $18.43 billion, and the public sector, which saw a $5.32 billion rise. As a result, the growing demand from the construction industry is propelling the gypsum-based plasterboard market.

Leading companies in the gypsum-based plasterboard market are focusing on developing innovative products with advanced features, such as multi-purpose, moisture-resistant boards, to improve performance and meet diverse construction needs while ensuring sustainability and compliance with industry standards. Multi-purpose moisture-resistant boards are designed to withstand high humidity and moisture levels, making them ideal for use in damp areas such as kitchens, bathrooms, and laundry rooms. For instance, in December 2023, Saint-Gobain Gyproc, a France-based manufacturer of gypsum-based building materials, introduced a range of products, including gypsum wallboards. The product lineup includes Habito Standard, a gypsum wallboard designed for both heavy and unplanned load applications, Rigiroc, a moisture-resistant board, and Glasroc X, a wallboard intended for exterior use. These innovative features not only meet functional requirements but also address modern design aesthetics, positioning Saint-Gobain Gyproc as a leader in the gypsum wallboard segment.

In March 2024, Etex Group, a Belgium-based manufacturer of gypsum products, acquired BGC's fiber cement and plasterboard businesses from BGC Gypsum for an undisclosed amount. This acquisition is aimed at strengthening Etex's position in the building materials sector and enhancing its product portfolio by integrating BGC’s fiber cement and gypsum wallboard businesses. This move enables Etex to offer a broader range of innovative and sustainable construction solutions. BGC Group is a US-based manufacturer of gypsum-based plasterboards known for its innovative and sustainable products.

Major players in the gypsum-based plasterboard market are Holcim Group, Knauf Gips KG, Georgia-Pacific LLC, USG Corporation, Eagle Materials Inc., USG Boral Middle East, CSR Limited, Daiken Corporation, National Gypsum Company, Taishan Gypsum Co. Ltd., Siam Gypsum Industry Co. Ltd., Siniat UK Limited, Fermacell GmbH, Winstone Wallboards Ltd., Gypsemna Co. LLC, American Gypsum Company LLC, Etex Group, Compagnie de Saint-Gobain S.A., Gypsum Structural India Pvt. Ltd., KNAUF USG Systems, Yoshino Gypsum Co. Ltd., Gyptec Ibérica SA, Beijing New Building Material, Gulf Gypsum Co. LLC.

North America was the largest region in the gypsum-based plasterboard market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in gypsum-based plasterboard report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the gypsum-based plasterboard market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The gypsum-based plasterboard market consists of sales of foil-backed plasterboard, flexible plasterboard, mold-resistant plasterboard, and vapor-resistant plasterboard. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp rise in U.S. tariffs and the resulting trade tensions in spring 2025 are having a considerable impact on the construction sector, particularly in the areas of material procurement and overall project expenses. Increased duties on imported steel, aluminum, lumber, and machinery have raised costs for builders, contractors, and infrastructure developers, resulting in higher project bids and delays in execution. Manufacturers of construction equipment are also facing challenges, as tariffs on key components and raw materials are driving up production costs and compressing profit margins. Furthermore, retaliatory tariffs from major export markets have reduced demand for U.S.-made construction equipment and materials, putting additional pressure on revenue streams. In response, the sector is increasingly focusing on local sourcing, adopting modular construction methods, and diversifying supply chains to better manage rising costs and maintain project feasibility amid ongoing trade instability.

The gypsum-based plasterboard market research report is one of a series of new reports that provides gypsum-based plasterboard market statistics, including gypsum-based plasterboard industry global market size, regional shares, competitors with a gypsum-based plasterboard market share, detailed gypsum-based plasterboard market segments, market trends, and opportunities, and any further data you may need to thrive in the gypsum-based plasterboard industry. This gypsum-based plasterboard market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Gypsum-based plasterboard is a panel primarily composed of gypsum (calcium sulfate dihydrate), a soft sulfate mineral, which is pressed between two layers of thick paper or fiberglass sheets. It is widely used in the construction industry for building walls, ceilings, and partitions due to its ease of installation, fire-resistant properties, and acoustic insulation capabilities. Gypsum-based plasterboard is lightweight, cost-effective, and provides a smooth surface for finishing.

The main types in the gypsum-based plasterboard market include standard plasterboard, fire-resistant plasterboard, sound-insulated plasterboard, thermal plasterboard, moisture-resistant plasterboard, impact-resistant plasterboard, and others. Standard plasterboard is a basic type used for general construction purposes, such as creating interior walls and ceilings. The materials used can include gypsum and bio-based alternatives, with applications in both residential and non-residential sectors.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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