Global Gypsum Board Market, 2023-2028
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Market Overview
Gypsum board, also known as drywall or plasterboard, is a type of board made from gypsum plaster sandwiched between two sheets of paper. It is one of the most commonly used materials for walls and ceilings in both residential and commercial construction. Gypsum board is lightweight, easy to install, and has good fire resistance properties. It is also cost-effective compared to traditional plaster walls. Gypsum board is available in different types and thicknesses based on its intended use. Standard gypsum board is used in most interior applications, while fire-resistant gypsum board is used in areas that require increased fire resistance such as stairwells and elevator shafts. Moisture-resistant gypsum board is used in areas with high humidity such as bathrooms and kitchens. Gypsum board can be cut to size and easily shaped with a saw, making it easy to install. It is also easy to decorate since it can be painted or wallpapered. It is also recyclable, making it an eco-friendly option in construction.
The global gypsum board market is set to increase by US$ 4.7 billion from 2023 to 2028, representing a compound annual growth rate (CAGR) of 4.8% during the forecast period. The growth in the market is due to the increasing demand for eco-friendly and cost-effective construction materials, as well as the growing construction industry in developing countries. Gypsum board is an attractive option for builders and architects due to its fire resistance, durability, and ease of installation.
Research Coverage
This report presents an in-depth analysis and segmentation of the gypsum board market, with market size forecasts extending until 2028. The market has been categorized based on product type, end user, and region. Furthermore, a comprehensive evaluation of key industry players has been conducted to provide valuable insights into their business profiles, product offerings, strategic approaches, partnerships, expansions, and acquisitions pertaining to the gypsum board market.
The report provides a detailed analysis of the following segments within the gypsum board market:
Product type: ceiling board, pre-decorated board, and wallboard
End user: commercial, industrial, institutional, and residential
Region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), and Latin America
Based on product type, the global gypsum board market is categorized into ceiling board, pre-decorated board, and wallboard. The wall board segment captured the largest share of the market in 2022. Wall board, also known as drywall, is the largest product type in the gypsum board market, as it is the most widely used product in the industry. It is primarily used in the construction of walls and ceilings in residential and commercial buildings due to its low cost, ease of installation, and versatility. While there are other product types in the gypsum board market, such as ceiling board, exterior sheathing and pre-decorated board, wall board remains the most commonly used and in high demand.
The global gypsum board market is categorized based on end-users into four segments: commercial, industrial, institutional, and residential. Among these segments, the residential sector emerged as the dominant player in 2022, holding the largest share of the global gypsum board market, accounting for more than 49.7% of the total market.
The residential segment's significant market share can be attributed to the widespread use of gypsum boards in residential construction and renovation projects. Gypsum boards, also known as drywall or plasterboard, are extensively utilized in residential buildings for interior wall and ceiling applications. These boards offer numerous advantages, including ease of installation, fire resistance, sound insulation, and durability, making them a preferred choice for residential construction.
In the residential sector, gypsum boards are used to create smooth and seamless walls and ceilings, providing a clean and aesthetically pleasing finish to living spaces. They are also employed for partition walls, allowing for flexible room layouts and efficient space utilization. Gypsum boards contribute to the overall comfort and safety of residential buildings by enhancing thermal insulation, reducing noise transmission between rooms, and providing fire-resistant barriers.
In terms of geography, the global gypsum board market has been segmented into North America, Europe, Asia-Pacific, MEA (Middle East and Africa), and Latin America. Among these regions, North America has established itself as a prominent market for gypsum board, driven by the robust construction industry and the high demand for residential and commercial buildings. The region's focus on sustainable construction practices and the adoption of gypsum boards for their fire-resistant and energy-efficient properties contribute to the market's growth. Additionally, the renovation and remodeling activities in North America further boost the demand for gypsum boards.
The Asia-Pacific region is experiencing rapid urbanization, population growth, and increasing disposable incomes, leading to a surge in construction activities. Countries such as China and India are witnessing significant infrastructure development, residential construction, and commercial projects, driving the demand for gypsum boards. The growing awareness of the benefits offered by gypsum boards, such as their lightweight nature, ease of installation, and aesthetic appeal, further fuels the market growth in the region.
Europe also holds a substantial market share in the global gypsum board market. The region's construction industry, particularly in countries like Germany, France, and the United Kingdom, contributes to the demand for gypsum boards. The emphasis on energy-efficient buildings and the need for sustainable construction materials drive the adoption of gypsum boards in Europe.
In emerging markets such as China, India, and Brazil, the demand for gypsum board is expected to witness significant growth in the coming years. These countries are experiencing rapid urbanization, population growth, and increasing investments in infrastructure development. The construction of residential and commercial buildings, along with government initiatives to promote affordable housing and sustainable construction practices, creates a favorable market environment for gypsum boards.
Competitive Landscape
The gypsum board market is highly competitive, with many established players operating in the industry. Some of the key players in the market include Boral Limited, China National Building Material Group Co. Ltd., Compagnie de Saint-Gobain S.A. (CertainTeed Corporation), Dehua TB New Decoration Material Co. Ltd., Eagle Materials Inc., Etex NV, Georgia-Pacific LLC (Koch Industries Inc.), Global Gypsum Board Company LLC (Gypcore), Grenzebach BSH GmbH, Gypsemna Company LLC, Jason Gypsum Board (Jiaxing) Co. Ltd., KCC Corporation, Knauf Gips KG, National Gypsum Company, PABCO Building Products LLC (Pacific Coast Building Products Inc.), Shandong Baier Building Materials Co. Ltd., and Yoshino Transport Co. Ltd.
These companies are constantly focusing on product innovation, cost optimization, expanding their production capabilities and improving their distribution network in order to remain competitive in the industry. In addition, there are many smaller players in the market, especially in the Asia Pacific region, which is a rapidly growing market for gypsum board products. The market is characterized by intense competition, price sensitivity, and changing customer preferences, which is driving the companies to adapt to the changing market trends and customer needs.
Key Questions Answered
What is the projected global market size of gypsum board by 2028
Within the market, which product type segment has secured the leading position
Among the various end user segments, which segment has taken the leading position
Which region segment exhibits dominant control and influence
Who are the key players with the largest market share in the gypsum board market
What is the estimated global market size for the gypsum board market in 2023
What are the main factors driving the growth of the gypsum board market
What is the expected incremental growth of the gypsum board market during the forecast period
1. Scope and Methodology
1.1 Introduction
1.2 Report Scope
1.3 Research Methodology
2. Executive Summary
3. Market Overview
4. Global Gypsum Board Market - Product Type Analysis
4.1 Ceiling board
4.2 Pre-decorated board
4.3 Wallboard
5. Global Gypsum Board Market - End User Analysis
5.1 Commercial
5.2 Industrial
5.3 Institutional
5.4 Residential
6. Global Gypsum Board Market - Region Analysis
6.1 North America
6.2 Europe
6.3 Asia-Pacific
6.4 MEA (Middle East and Africa)
6.5 Latin America
7. Patents Analysis
8. Competitive Landscape
8.1 Competitive Scenario
8.2 Market Positioning/Share Analysis
8.3 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
9. Company Profiles
9.1 Boral Limited
9.2 China National Building Material Group Co., Ltd.
9.3 Compagnie de Saint-Gobain S.A. (CertainTeed Corporation)
9.4 Dehua TB New Decoration Material Co., Ltd.
9.5 Eagle Materials Inc.
9.6 Etex NV
9.7 Everest Industries Ltd.
9.8 Georgia-Pacific LLC (Koch Industries Inc.)
9.9 Global Gypsum Board Company LLC (Gypcore)
9.10 Grenzebach BSH GmbH
9.11 Gypsemna Company LLC
9.12 Hangzhou Huahai Wood Industry Co., Ltd. (Treezo Group)
9.13 Jason Gypsum Board (Jiaxing) Co., Ltd.
9.14 KCC Corporation
9.15 Knauf Gips KG
9.16 Luofeier Building Material (Shenyang) Group Co., Ltd.
9.17 National Gypsum Company (Delcor, Inc.)
9.18 PABCO Building Products, LLC (Pacific Coast Building Products, Inc.)
9.19 Shandong Baier Building Materials Co., Ltd.
9.20 United Mining Industries Ltd. (UMI)
9.21 Winstone Wallboards Limited (Fletcher Building Limited)
9.22 Yoshino Transport Co., Ltd.
APPENDIX
DISCLAIMER
Research Methodology:
Global Gypsum Board Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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