Plasterboard Market Size Analysis Report - Market Share, Forecast Trends and Outlook (2025-2034)

The global plasterboard market stood at a value of more than USD 24.27 Billion in 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of around 5.30% to reach a value of over USD 40.68 Billion by 2034.

Increasing Demand for Impact Resistant Plasterboards to Aid the Global Plasterboard Industry Growth

Impact resistant plasterboard offers higher density and excellent fire performance, and the duty rating of these boards are severe in a single board system application. The toughness offered by the product makes it an ideal choice for structures that experience rough usage on regular basis such as schools, hospitals, hotels, and gyms, among others. This is likely to invigorate the market in the coming years. Moreover, the growing concerns pertaining to the safety and security of families living in residential complexes is likely to propel the demand for impact resistant plasterboards due to their durability.

The Asia Pacific Accounts for a Significant Share in the Market

The market in the region is anticipated to be driven by the rising investments in infrastructure development projects in industries including healthcare, government, and hospitality, among others. Additionally, the presence of a large population base in India and China, coupled with the emergence of affordable housing schemes in these countries is likely to be a major aiding factor. Moreover, the strong foot hold of local manufacturers in the region is expected to further boost the demand for plasterboards in the forecast period.

Plasterboard: Market Segmentation

Plasterboard, also known as gypsum board, gyprock, or drywall, is defined as a panel composed of calcium dihydrate which is used to protect a building or a structure from fire, and for providing acoustic insulation and thermal efficiency. Plasterboard is widely used as an interior wall or ceiling in commercial or residential buildings.

Based on form, the market can be segmented into:

• Tapered-Edged
• Square-Edged
• Round-Edged
• Bevelled-Edged
• Others

On the basis of product type, the market is segmented into:

• Fire-Resistant
• Sound Insulation
• Moisture-Resistant
• Thermal
• Impact-Resistant
• Others

The significant end-users of the product include:

• Residential
• Commercial
• Industrial
• Others

The regional markets for the product include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Expansion of the Building and Construction Sector to Boost the Growth of the Plasterboard Industry

The thriving building and construction industry, owing to the rapid urbanisation and rising population, is driving the growth of the market. This is also being supported by the rising disposable income and increasing immigration of working-class to the cities. In addition to this, the growing preference towards thermally stable, fire-resistant, and durable construction materials is anticipated to be a major factor invigorating the market. Moreover, plasterboard is cost-effective as compared to its counterparts such as traditional plaster and lath. Hence, the product is likely to witness an increased adoption for affordable housing projects. Furthermore, the market is anticipated to be propelled by the rising demand for construction materials exhibiting sound insulation.

Key Industry Players in the Global Plasterboard Market

The report gives a detailed analysis of the following key players in the global plasterboard market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Armstrong World Industries, Inc.
• Atiskan Gypsum Products Co. Inc.
• Fletcher Building Limited
• USG Boral Limited
• Georgia Pacific LLC
• Others

The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.