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Gypsum Board Market

ID: MRFR/PCM/0865-HCR
110 Pages
Tejas Chaudhary
October 2025

Gypsum Board Market Research Report Information by type (Regular Gypsum Board and Type X Gypsum Board), by applications (residential, institutional, commercial and others) and by product (gypsum wallboard and gypsum ceiling board) - Forecast to 2035

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Summary Table of Contents Segmentation Download PDF

Gypsum Board Market Summary

As per Market Research Future Analysis, the Gypsum Board Market was valued at USD 57,218.73 million in 2023 and is projected to grow to USD 127,304.4 million by 2032, with a CAGR of 9.36% from 2024 to 2032. The growth is driven by rising consumer expenditure on innovative construction materials and increasing demand from both commercial and residential sectors. However, challenges such as extreme moisture exposure and rising temperatures may hinder growth. The COVID-19 pandemic significantly impacted the industry, causing interruptions in construction projects. Key players are focusing on R&D and sustainable solutions to enhance product offerings and address environmental concerns.

Key Market Trends & Highlights

Key trends influencing the Gypsum Board Market include rising construction activities and innovative product developments.

  • Market Size in 2023: USD 57,218.73 million.
  • Projected Market Size by 2032: USD 127,304.4 million.
  • CAGR from 2024 to 2032: 9.36%.
  • Major growth driven by increasing demand in residential and commercial sectors.

Market Size & Forecast

2023 Market Size USD 57,218.73 million
2024 Projected Market Size USD 62,233.8 million
2032 Projected Market Size USD 127,304.4 million

Major Players

American Gypsum, Certainteed, Georgia-Pacific, National Gypsum, Pabco Gypsum, Knauf, Dubai Etex Group, Gulf Gypsum, Taishan Gypsum, Lafarge.

Gypsum Board Market Drivers

Rising Construction Activities

The Global Gypsum Board Market Industry experiences substantial growth driven by increasing construction activities worldwide. Urbanization and infrastructure development are key factors contributing to this trend. For instance, in 2024, the market is projected to reach 62.2 USD Billion, reflecting a robust demand for gypsum boards in residential and commercial buildings. The shift towards sustainable construction practices further enhances the appeal of gypsum boards, given their eco-friendly properties. As cities expand and new projects emerge, the demand for lightweight, versatile building materials like gypsum boards is likely to rise, positioning the industry for continued expansion.

Key Companies in the Gypsum Board Market market include

Industry Developments

  • Q1 2024: Knauf Egypt inaugurates third gypsum board factory with €80 million investment Knauf Egypt opened its third gypsum board manufacturing facility, investing €80 million to boost annual production capacity by 60 million square meters and support local employment and skills development.
  • Q1 2024: Saint-Gobain Gyproc launches new gypsum wallboard products in India Saint-Gobain Gyproc introduced innovative gypsum wallboards—Habito Standard, Rigiroc, and Glasroc X—along with new ceiling tiles, targeting evolving construction needs in India and neighboring countries.

The market is segmented on the basis of type into:

    • Standard
    • Type X
    • Others

The market is categorized in terms of product into:

    • Wallboard
    • Ceiling
    • Pre-decorated
    • Others

The market is divided on the basis of end-use into:

    • Residential
    • Commercial
    • Industrial
    • Institutional
    • Others

Global Market, By Region:

North America

    • United States
    • Mexico
    • Canada

Europe

    • Germany
    • France
    • United Kingdom
    • Italy
    • Russia

Asia-Pacific

    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Indonesia

Middle East & Africa

    • South Africa
    • Saudi Arabia
    • UAE
    • Qatar

South America

    • Brazil
    • Colombia
    • Argentina

Future Outlook

Gypsum Board Market Future Outlook

The Global Gypsum Board Market is poised for growth at 9.36% CAGR from 2024 to 2035, driven by urbanization, sustainable building practices, and technological advancements.

New opportunities lie in:

  • Invest in eco-friendly gypsum board production to meet rising sustainability demands.
  • Leverage smart technology integration for enhanced product performance and customer engagement.
  • Expand into emerging markets with tailored solutions for local construction needs.

By 2035, the market is expected to exhibit robust growth, reflecting evolving construction trends and consumer preferences.

Market Segmentation

Europe

  • Germany
  • France
  • United Kingdom
  • Italy
  • Russia

Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Indonesia

North America

  • United States
  • Mexico
  • Canada

South America

  • Brazil
  • Colombia
  • Argentina

Middle East & Africa

  • South Africa
  • Saudi Arabia
  • UAE
  • Qatar

Report Scope

Attribute/Metric Details
  Market Size   2032: USD 1,27,304.0 million
  CAGR   9.36 %CAGR (2024-2032)
  Base Year   2023
  Forecast Period    2024 to 2032
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Applications, Product
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   American Gypsum, Certainteed, Georgia-Pacific, National Gypsum, Pabco Gypsum, Knauf Dubai, Etex Group, Gulf Gypsum, Taishan Gypsum, Lafarge and others
  Key Market Opportunities  Emerging economies are increasing their spending particularly on infrastructureRapid urbanization, growing residential sector 
  Key Market Drivers   Hike in construction-related activities

Market Highlights

Author
Tejas Chaudhary
Research Analyst Level II

I have a degree in Engineering (Civil), with masters in Business Administration (Marketing). With more than 4 years of experience in market research and consulting, I am involved in end-to-end process of market research, proposals, project kickoffs and delivery. I have research knowledge and expertise in consumer goods/packaging domain. Also I have worked for various other domains like construction & equipment. Effectively managed and delivered more than 60 report studies for regional as well as global clientele.

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FAQs

What is the major reason driving the global gypsum board market ahead?

The hike in construction-related activities would boost the gypsum board market.

Which region would lead the gypsum board market?

The gypsum board market would be led by the APAC region.

What are the types included in the market report?

The market report has types like regular gypsum board and type x gypsum board.

What are the applications included in the market report for a study?

The applications are residential, institutional, commercial, and others.

Name the products included in the market report?

The product-wise segmentation leads to a gypsum wallboard, and gypsum ceiling board.

Which region would lead the gypsum board market?

The Asia pacific region would lead the gypsum board market.

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