Gypsum & Drywall Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F

The Gypsum & Drywall Market was valued at USD 47.24 Billion in 2024, and is expected to reach USD 68.19 Billion by 2030, rising at a CAGR of 6.15%. The market is witnessing strong growth, primarily driven by the construction industry's increasing demand for sustainable, energy-efficient, and fire-resistant materials. Gypsum’s eco-friendly nature and its versatility make it an ideal choice for residential, commercial, and industrial applications.

Drywall systems, including gypsum boards and plasterboards, offer advantages such as sound insulation, quick installation, and compliance with environmental standards. The ongoing trend toward green buildings and enhanced energy performance has further accelerated demand. As governments emphasize sustainable infrastructure, gypsum products - being recyclable and abundantly available - align well with modern construction practices. The surge in infrastructure development, especially in emerging economies, continues to provide a robust foundation for market expansion.

Key Market Drivers

Growing Construction and Infrastructure Development

The expansion of global construction and infrastructure activities is a major growth driver for the gypsum and drywall market. Urbanization and population growth in developing economies have spurred residential and commercial projects, significantly increasing the demand for drywall solutions. In 2023, nearly 75% of global gypsum output was utilized in construction, primarily in housing and commercial properties.

Countries like China and India are witnessing substantial investments in infrastructure, boosting the demand for cost-effective, fire-resistant, and sustainable materials like gypsum. In developed markets such as Europe and North America, renovation and retrofitting activities further stimulate demand for gypsum-based products, especially due to strict fire safety and acoustic requirements. This rising construction activity globally is driving the adoption of gypsum and drywall solutions in both new projects and refurbishment of existing structures.

Key Market Challenges

Volatility in Raw Material Prices

The market faces persistent challenges related to the volatility of raw material costs, including natural and synthetic gypsum and additives used in production. These fluctuations are driven by supply-demand imbalances, energy price swings, and mining regulations. In 2023, natural gypsum prices rose by roughly 12% globally due to higher energy costs and disrupted supply chains.

Regions dependent on imports, such as Southeast Asia, face additional hurdles from port congestion and logistical delays. Rising oil and gas prices also raise production and transportation costs, directly impacting profit margins. Manufacturers often find it difficult to transfer these costs to consumers due to intense market competition, which limits pricing flexibility. As a result, profitability is affected, and investment in innovation may decline. These challenges make long-term planning difficult and hinder aggressive market expansion.

Key Market Trends

Rising Integration of Digital Construction Technologies

A key trend shaping the gypsum and drywall market is the increasing adoption of digital technologies in the construction sector. Innovations such as Building Information Modeling (BIM), digital twins, and AI-enabled systems are enhancing project efficiency and accuracy. In Europe and North America, where BIM adoption is mandatory for many public projects, integrating gypsum specifications into digital models is improving cost estimates, material planning, and lifecycle management.

Additionally, manufacturers are leveraging AI and IoT in production processes to ensure consistent quality and optimize inventory management. In 2024, more than 25% of leading industry players incorporated digital platforms into their manufacturing operations. These technologies support customized solutions, allowing drywall products to be tailored to specific building requirements. Digital integration is becoming a competitive differentiator and a standard in large-scale construction.

Key Market Players

• USG Corporation
• Knauf Group
• Saint-Gobain
• National Gypsum Company
• Georgia-Pacific LLC
• Etex Group
• LafargeHolcim
• Boral Limited
• Siniat (Etex Group)
• Beijing New Building Material (BNBM)

Report Scope:

In this report, the Global Gypsum & Drywall Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Gypsum & Drywall Market, By Product Type:

• Gypsum Board
• Gypsum Plaster
• Gypsum Ceiling Tiles
• Gypsum Blocks
• Others

Gypsum & Drywall Market, By Application:

• Residential
• Commercial
• Industrial
• Infrastructure

Gypsum & Drywall Market, By Distribution Channel:

• Direct Sales
• Retail Sales
• Wholesale Distribution

Gypsum & Drywall Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• South America
• Brazil
• Argentina
• Colombia
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia
• Middle East & Africa
• Saudi Arabia
• UAE
• South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Gypsum & Drywall Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company's specific needs. The following customization options are available for the report.

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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