Global Gypsum Board Market, By Product (Wallboard, Ceiling Board, Pre-Decorated Boards, and Others), Thickness (1/2-Inch, 5/8-Inch, and Others), Application (Pre-Engineered Building, Residential, Industrial, Commercial, and Institutional) - Industry Trends and Forecast to 2030.
Global Gypsum Board Market Analysis and Size
The rise in demand from the residential construction sector acts as one of the major factors driving the growth of global gypsum board market. The increase in demand for single-family and multi-family house constructions and rise in popularity of making aesthetic improvements in the building structures as the product provides innovative designs and textures on its surface further influence the global gypsum board market. Additionally, high-end construction applications, urban migration, growing need for high-end residential homes, growth in government spending in the real estate and innovative applications in the construction sector positively affect the global gypsum board market.
Data Bridge Market Research analyses that the global gypsum board market which was USD 50.47 billion in 2022, is expected to reach USD 103.56 billion by 2030, and is expected to undergo a CAGR of 9.4% during the forecast period of 2023 to 2030. “Wallboard” dominates the product segment of the global gypsum board market due to the sheer volume of construction projects requiring interior wall surfaces. The demand is driven by residential housing, commercial office spaces, and retail outlets In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Gypsum Board Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Tons, Pricing in USD
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Segments Covered
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Product (Wallboard, Ceiling Board, Pre-Decorated Boards, and Others), Thickness (1/2-Inch, 5/8-Inch, and Others), Application (Pre-Engineered Building, Residential, Industrial, Commercial, and Institutional)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and the rest of Middle East and Africa
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Market Players Covered
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LafargeHolcim (Switzerland), Saint-Gobain (France), Etex (Belgium), Beijing New Building Material (Group) Co., Ltd. (China), NATIONAL GYPSUM PROPERTIES LLC (U.S.), Global Mining Company (Oman), United Mining Industries (Saudi Arabia), Gulf Gypsum Industrial (United Arab Emirates), Knauf Gips KG (Germany), ZAWAWI MINERALS LLC (Oman), gypsemna (United Arab Emirates), YOSHINO GYPSUM CO., LTD. (Japan), AYHACO Gypsum Products Manufacturing (United Arab Emirates), VOLMA (Russia), VANS Gypsum (India), Osman Group (Egypt), PABCO Gypsum (U.S.), CHIYODA UTE CO., LTD. (Japan), CONTINENTAL BUILDING PRODUCTS (U.S.), and Georgia-Pacific Gypsum LLC (U.S.)
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Market Opportunities
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Market Definition
Gypsum boards refer to lightweight construction materials. These are extensively utilized as walls, ceilings and for partitions in interiors or exteriors of residential or non-residential structures. They are also known as drywall, wallboard or plasterboard. These can be directly attached to wood and metal framing or existing surfaces with the help of screws, nails or adhesives. These are known to offer versatility, quality, sound control and their non-combustible core which separate them from plywood, hardboard and fiberboard.
Global Gypsum Board Market Dynamics
Drivers
- Rapid Urbanization and Construction Activities
The ongoing trend of rapid urbanization, particularly in emerging economies, fuels the demand for residential and commercial construction. Gypsum boards are preferred for their ease of installation and cost-effectiveness in meeting the growing needs of urban housing and infrastructure.
- Increasing Renovation and Remodeling
In mature markets, there's a rising inclination toward renovating and remodelling existing buildings. Gypsum boards are favored for these projects due to their adaptability, ability to create modern interiors, and cost-efficiency when compared to structural alterations.
- High Fire-Resistant and Soundproofing Properties
Gypsum boards are recognized for their excellent fire resistance and soundproofing capabilities. This is especially important in commercial and multi-unit residential buildings, where safety and noise control are paramount, driving the demand for gypsum-based solutions.
Opportunities
- Rising Energy Efficiency Regulations
Stringent energy efficiency regulations and environmental concerns have led to the development of sustainable building practices. Gypsum boards play a crucial role in improving thermal performance and achieving energy-efficient designs, aligning with green building standards.
- Growing Technological Advancements
Continuous innovation in gypsum board manufacturing has resulted in specialized products. Moisture-resistant and mold-resistant gypsum boards are examples of such advancements, meeting specific construction requirements and enhancing the material's utility.
Restraints/Challenges
- Rising Stringent Building Codes and Regulations
While regulations can drive demand for certain gypsum board products (e.g., fire-resistant or soundproof boards), excessively stringent or complex building codes can pose challenges for manufacturers and builders. Compliance can increase costs and slow down construction projects.
- Growing Alternative Materials and Technologies
Emerging alternative construction materials and technologies, such as 3D printing and sustainable building materials like recycled plastics and composites, pose a competitive challenge to traditional gypsum boards. The justifications stem from the desire to adopt more innovative and sustainable construction practices.
- Competition from Substitute Materials
Gypsum boards face competition from alternative building materials, such as metal panels, fiber cement boards, and drywall alternatives. These materials may offer unique advantages in terms of durability, weight, or ease of installation, affecting the market for gypsum boards.
- Rising Environmental Concerns
The gypsum board manufacturing process involves the calcination of gypsum, which releases carbon dioxide (CO2). This has led to concerns about the environmental impact and carbon footprint of gypsum board production. Regulatory pressures to reduce emissions and adopt more sustainable practices can increase production costs and hinder growth.
This global gypsum board market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global gypsum board market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Recent Development
- In May 2023, Chiyoda-Ute, announced that it will introduce an innovative product called the "Chiyoda Circular Gypsum Board" starting in June 2023. This product marks a significant milestone in the global gypsum board market as it is the world's first to utilize 100% recycled gypsum collected from construction sites. Chiyoda-Ute's commitment to sustainability is evident through its carbon-neutral manufacturing approach, achieved by using wood chips for heating the plant's boiler and sourcing electricity from renewable energy sources. This environmentally conscious initiative not only addresses the growing demand for sustainable construction materials but also demonstrates the industry's ongoing efforts to reduce its environmental footprint.
Global Gypsum Board Market Scope
The global gypsum board market is segmented on the basis of product, thickness, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Wallboard
- Ceiling Board
- Pre-Decorated Boards
- Others
Thickness
- 1/2-Inch
- 5/8-Inch
- Others
Application
- Pre-Engineered Building
- Residential
- Industrial
- Commercial
- Institutional
Global Gypsum Board Market Regional Analysis/Insights
The global gypsum board market is analysed and market size insights and trends are provided by product, thickness, and application are referenced above.
The countries covered in the gypsum board market report are U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America in South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and the rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific in Asia-Pacific, and U.A.E, Saudi Arabia, Egypt, South Africa, Israel, and the rest of the Middle East and Africa in Middle East and Africa
North America dominates the global gypsum board market due to the high demand for sustainable construction, rise in residential and commercial construction spending, adoption of advanced technology and presence of prominent manufacturers.
Middle East and Africa is expected to witness the fastest growth during the forecast period because of the growing investments, rise in gypsum production and expansion of construction industry in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Gypsum Board Market Share Analysis
The global gypsum board market competitive landscape provides details by competitors. details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the global gypsum board market.
Some of the major players operating in the global gypsum board market are:
- LafargeHolcim (Switzerland)
- Saint-Gobain (France)
- Etex (Belgium)
- Beijing New Building Material (Group) Co., Ltd. (China)
- NATIONAL GYPSUM PROPERTIES LLC (U.S.)
- Global Mining Company (Oman)
- United Mining Industries (Saudi Arabia)
- Gulf Gypsum Industrial (United Arab Emirates)
- Knauf Gips KG (Germany)
- ZAWAWI MINERALS LLC (Oman)
- gypsemna (United Arab Emirates)
- YOSHINO GYPSUM CO., LTD. (Japan)
- AYHACO Gypsum Products Manufacturing (United Arab Emirates)
- VOLMA (Russia)
- VANS Gypsum (India)
- Osman Group (Egypt)
- PABCO Gypsum (U.S.)
- CHIYODA UTE CO., LTD. (Japan)
- CONTINENTAL BUILDING PRODUCTS (U.S.)
- Georgia-Pacific Gypsum LLC (U.S.)
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