Drywall and Gypsum Board Market Report 2025

The drywall and gypsum board market size has grown strongly in recent years. It will grow from $31.87 billion in 2024 to $34.16 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. The growth during the historic period can be attributed to a surge in renovation and remodeling activities, a focus on quick installation and cost-effective building materials, the rising popularity of dry construction methods over wet methods, growth in hotel, retail, and office space development, and increased use of drywall in industrial buildings and warehouses.

The drywall and gypsum board market size is expected to see strong growth in the next few years. It will grow to $44.47 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth projected for the forecast period can be attributed to rising global construction and infrastructure activities, increasing demand for affordable housing projects, growth in commercial real estate developments, urbanization in emerging economies, and the expansion of smart city initiatives. Key trends during this period include the development of lightweight drywall panels, advancements in fire-resistant gypsum boards, introduction of moisture- and mold-resistant boards, enhanced soundproof drywall technologies, and the use of eco-friendly and recycled materials.

The increase in construction activities is expected to drive the growth of the drywall and gypsum board market moving forward. Construction activities encompass all processes involved in building, modifying, or dismantling physical structures such as buildings and infrastructure. This rise is driven by rapid urbanization, which fuels demand for more residential, commercial, and infrastructure projects to accommodate growing urban populations. Drywall and gypsum boards play a crucial role in construction by enabling faster and more efficient installation of interior walls and ceilings compared to traditional methods, significantly reducing labor time and overall project costs. For example, according to the U.S. Census Bureau, a government agency, public construction spending reached approximately $511.6 billion in May 2025 on a seasonally adjusted annual basis, marking a 0.1% increase from the revised April estimate of $511.3 billion. Therefore, the surge in construction activities is propelling growth in the drywall and gypsum board market.

Key players in the drywall and gypsum board market are focusing on developing advanced products such as moisture-resistant gypsum boards to improve the durability and lifespan of interior surfaces in humid environments. These boards are engineered to withstand damp conditions by limiting water absorption, making them ideal for use in areas with higher humidity. For instance, in May 2025, Knauf India, an India-based construction materials provider, launched DewBloc Gypsum Plasterboard. This product offers enhanced moisture protection compared to conventional options and is suitable for interior applications such as wall linings, drywalls, and ceilings. Its lightweight design supports faster installation, accelerating construction schedules. Additionally, DewBloc is made from sustainable materials, promoting eco-friendly building practices while enhancing the functionality and appearance of indoor spaces.

In November 2024, Fortress Investment Group, a U.S.-based investment management firm, acquired Gyptech for an undisclosed amount. This acquisition aims to drive Gyptech’s global expansion by increasing its market reach and supporting the development of advanced technologies, thereby broadening its service offerings. Gyptech Inc. is a Canada-based manufacturer specializing in gypsum boards.

Major players in the drywall and gypsum board market are Saint-Gobain SA, China National Building Materials Group Co. Ltd. (CNBM), Knauf GmbH, KCC Corp., Fassa Bortolo, Chiyoda Ute Co. Ltd., American Gypsum Company LLC, ABS ALÇ, Fibran SA, El-Khayyat Group, Ai-Watania Gypsum Company, Aytas ALÇI, Kuwait Gypsum Manufacturing & Trading Co., Taishan Gypsum Co. Ltd., Cabot Gypsum, Georgia-Pacific Building Materials Ltd., Gypfor SA, Khorasan Gypsum, Mada Gypsum Co., Linyi Xinrui Baier Import & Export Co. Ltd., Akasya Alci Maden Uretim AS, Fernas Plaster, Karlis, and Novochile.

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

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 rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the construction sector, particularly in materials procurement and project costs. Higher duties on imported steel, aluminum, lumber, and machinery have driven up expenses for builders, contractors, and infrastructure developers, leading to increased project bids and delayed timelines. Construction equipment manufacturers face similar challenges, with tariffs on essential components and raw materials inflating production costs and squeezing margins. Additionally, retaliatory tariffs in international markets have curtailed exports of U.S.-made construction equipment and materials, further affecting profitability. The sector must now prioritize local sourcing, modular construction techniques, and supply chain diversification to control costs and ensure project viability amid ongoing trade uncertainties.

Drywall and gypsum board are prefabricated construction materials commonly used to create interior surfaces in building projects. Manufactured through a standardized process, these boards ensure consistent dimensions, structural uniformity, and ease of installation. They are known for their flat, smooth finish and provide a cost-effective, time-saving alternative to traditional wall construction methods.

The main types of drywall and gypsum boards include standard gypsum board, moisture-resistant gypsum board, fire-resistant gypsum board, and others. Standard gypsum board consists of a panel made from gypsum plaster pressed between two sheets of paper, typically used for interior walls and ceilings in residential and office settings. It is available in various thicknesses such as 1/4 inch, 3/8 inch, 1/2 inch, 5/8 inch, among others, and is distributed through both online and offline retail channels. These boards are applied across residential, commercial, industrial, and institutional sectors.

The drywall and gypsum board market research report is one of a series of new reports that provides drywall and gypsum board market statistics, including drywall and gypsum board industry global market size, regional shares, competitors with a drywall and gypsum board market share, detailed drywall and gypsum board market segments, market trends and opportunities, and any further data you may need to thrive in the drywall and gypsum board industry. This drywall and gypsum board 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.

The drywall and gypsum board market consists of sales of soundproof boards, impact-resistant boards, foil-backed boards, and mold-resistant boards. 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).

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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