Graph and download economic data for Producer Price Index by Industry: Gypsum Product Manufacturing: Gypsum Building Materials (PCU3274203274201) from Dec 1993 to May 2025 about gypsum, materials, buildings, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Industry: Gypsum Product Manufacturing: Primary Products (PCU327420327420P) from Jun 1981 to May 2025 about gypsum, primary, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

The manufacturing cost of gypsum products in the United States increased between December 2023 and 2025. That came after the price gypsum decreased between April and December 2023, reaching 383 points in December 2023. The base of the index was June 1981, when the value of this data was set at 100.

United States - Producer Price Index by Industry: Gypsum Product Manufacturing: Gypsum Building Materials was 367.28800 Index Dec 1993=100 in April of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Gypsum Product Manufacturing: Gypsum Building Materials reached a record high of 367.28800 in April of 2025 and a record low of 100.00000 in December of 1993. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Gypsum Product Manufacturing: Gypsum Building Materials - last updated from the United States Federal Reserve on May of 2025.

In 2024, approximately 28 billion square feet of wallboard products were sold in the United States. Building materials in the United States: wallboard After its tremendous downturn following the 2008 subprime mortgage crisis, the housing industry in the United States is making a comeback, especially in markets like New York, Dallas, and Houston. S&P/Case Shiller's national home price index for the United States was expected to grow to some 310.76 points in 2023, up from around 135 points in 2011, the worst year for U.S. housing in half a decade. As a result, building material manufacturers are trying to tap into the market and have begun to raise prices dramatically. Thus, homebuilders are faced with increasing costs of building materials. Major companies involved in building materials include the United States Gypsum Corporation, Lafarge, and Wacker. Wallboard, which is also known as drywall, plasterboard or gypsum board, is a panel made of gypsum plaster. The panel is usually sandwiched between two thick sheets of paper to make interior wall and ceilings. Wallboard construction is prevalent in North America in comparison to the traditional usage of lath and plaster due to quicker application. Some 45 million metric tons of gypsum was consumed in the U.S. in 2023. Increasing prices The rise in prices is believed to be driven by increased building activity and demand from home improvement retailers. In the long run, expensive construction materials are set to have an impact on property prices, too. At 450,600 US dollars as of April 2022, the U.S. median house price of new homes sold in the U.S. has increased steadily over the last decades.

Manufacturers in this industry produce gypsum building materials such as wallboards, plasters, moldings, statuaries and architectural plasterwork. As a result, demand for these products is linked to activity in construction markets. Companies have introduced products that improve indoor air quality, which have grown as a revenue share and typically sell at higher prices. Industry profit has benefited most from the vertical integration of the industry's leading companies, which reduces supplier input costs and distribution expenses to downstream markets. Profit is expected to shrink to 5.1% of revenue in 2024, down from 6.2% in 2019. The spread of the COVID-19 pandemic in 2020 caused construction activity to halt as social distancing measures were enacted, depressing demand and revenue. Government stimulus in 2021 kickstarted the economy, resulting in robust construction activity and skyrocketing demand. However, the pandemic accelerated consolidation trends, concentrating revenue on well-established manufacturers. While import and export activity has remained limited, there has been a notable bump in import activity beginning in 2021, directly after pandemic restrictions eased. Input prices have cooled, allowing manufacturers to easily pass costs down to consumers. Overall, revenue has boomed at a CAGR of 4.1% through the end of 2024 to reach $8.0 billion, including an expected gain of 1.2% in 2024 alone. Future industry growth is expected to align more closely with standard rates. The healthy performance of the construction sector is expected to fuel demand, while import activity will likely remain low. Exports are expected to continue to hike as manufacturers target USMCA trade partners. Also, consolidation trends are likely to continue as operating costs grow, allowing the most prominent manufacturers to dominate the industry. Overall, revenue is expected to hike at a CAGR of 1.7% through the end of 2029 to reach $8.7 billion, while profit is likely to rebound to 5.8% of revenue by 2029.

The global gypsum wallboard market is experiencing robust growth, driven by the burgeoning construction industry worldwide and increasing demand for lightweight, durable, and fire-resistant building materials. The market, valued at approximately $45 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5.5% from 2025 to 2033. This growth is fueled by several key factors, including rapid urbanization, rising disposable incomes in developing economies, and significant infrastructure development projects globally. Residential construction continues to be a major driver, with increasing housing demand in both developed and developing nations. However, the commercial and industrial sectors also contribute significantly, fueled by the need for modern, efficient, and sustainable building solutions. The preference for pre-decorated boards is also rising, driven by cost-effectiveness and time-saving benefits during construction. While the market faces challenges like fluctuating raw material prices and environmental concerns related to gypsum production, technological advancements in manufacturing processes and the growing adoption of sustainable building practices are mitigating these concerns. Key players like Global Mining, Knauf Dubai, LafargeHolcim, and Saint Gobain Gyproc are shaping the market through product innovation and strategic expansions. Regional variations in market growth are expected, with Asia Pacific projected to witness the highest growth due to rapid infrastructure development and urbanization in countries like China and India. North America and Europe will maintain significant market shares due to established construction industries and robust economies. The market segmentation by type (wallboard, ceiling board, pre-decorated board, others) and application (residential, industrial, commercial, institutional) provides valuable insights into specific market dynamics and consumer preferences. Competitive strategies, including mergers and acquisitions, collaborations, and product diversification, are expected to intensify as companies strive to gain market share and cater to the evolving needs of the construction industry. The long-term outlook for the gypsum wallboard market remains positive, driven by continued economic growth and the ongoing need for affordable, high-quality building materials.

The average free-on-board (FOB) plant price for calcined gypsum material in the United States was estimated at 63 U.S. dollars per metric ton in 2024. Over the last decade, calcinated gypsum prices in the North American country have experienced a continual annual increase, up from some 25 U.S. dollars per metric ton in 2013.

The average price of crude gypsum in the United States stood at 13 U.S. dollars per metric ton in 2024. The United States, Iran, and Oman are some of the largest producers of gypsum worldwide. What is Gypsum? Gypsum is a sulphate mineral made of calcium sulfate dihydrate (CaSO4·2H2O). Gypsum is a common mineral and has historically been used in decoration and construction. About half of the gypsum used in the United States is produced through flue-gas desulfurization and is commonly used in gypsum board. However, some types of this gypsum cannot be used due to potential environmental hazards. Consequently, synthetic gypsum is often used instead to reduce environmental population, which would otherwise be left in landfills. Common uses of gypsum The majority of gypsum is used for construction paneling or building plasters. Additionally, gypsum is used as a soil additive which can be beneficial for certain crops. It acts as an additive in muddy waters to settle dirt and clay particles. Gypsum has also been approved for human consumption as a source of calcium and in the manufacturing of other food products. It can also be used as a color additive in drugs and cosmetics and as a primary ingredient in toothpaste.

The global gypsum-based products market is experiencing robust growth, driven by the burgeoning construction industry and increasing demand for sustainable building materials. The market, valued at approximately $45 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033, reaching an estimated value of $65 billion by 2033. This growth is fueled by several key factors, including the rising global population, urbanization, and consequent infrastructure development. Government initiatives promoting sustainable construction practices, coupled with the inherent advantages of gypsum-based products—such as fire resistance, sound insulation, and ease of installation—further contribute to market expansion. Key segments within this market include gypsum wallboard, plaster, and specialty gypsum products. While competition is fierce among major players like Saint-Gobain, Knauf, USG Corporation, and others, innovation in product design and manufacturing processes is vital for maintaining market share. Regional variations exist, with North America and Europe currently dominating the market, but emerging economies in Asia-Pacific and the Middle East are exhibiting significant growth potential. Challenges to market expansion include fluctuating raw material prices, environmental concerns related to gypsum mining and manufacturing, and the potential for substitution by alternative building materials. However, ongoing research and development focused on sustainable gypsum production and the development of high-performance gypsum products are mitigating these challenges. The industry is also witnessing a shift towards prefabricated building components, creating opportunities for companies that can efficiently integrate gypsum-based products into these systems. The long-term outlook for the gypsum-based products market remains positive, with sustained growth anticipated throughout the forecast period driven by continuing infrastructure development and the enduring popularity of gypsum as a versatile and cost-effective building material.

Gypsum Wallboard Market Outlook

The global gypsum wallboard market size in 2023 is estimated to be valued at approximately USD 50 billion and is projected to grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2032, reaching a forecasted market size of approximately USD 79.5 billion by 2032. This growth can be attributed to several factors, including the increasing demand for sustainable and efficient construction materials, the rapid expansion of the construction industry, particularly in emerging economies, and the rising consumer preference for improved aesthetic appearance and better interior finishes in residential and commercial spaces.

One of the primary growth factors for the gypsum wallboard market is the booming construction industry across the globe. The construction sector, driven by urbanization and industrialization, is witnessing a remarkable surge, particularly in Asian nations such as China and India. These countries are experiencing rapid urban expansion, necessitating the need for cost-effective and efficient building materials like gypsum wallboards. Additionally, the growing trend towards sustainable construction practices is pushing the demand for gypsum wallboard, which is known for its energy efficiency and minimal environmental impact. The material's recyclability and low carbon footprint make it an attractive choice for green buildings, further boosting market growth.

Technological advancements and innovations in gypsum wallboard products are also playing a crucial role in market expansion. Manufacturers are increasingly investing in research and development to produce wallboards that offer enhanced features such as moisture resistance, fire resistance, and soundproofing. These advancements are catering to the evolving demands of consumers, especially in the commercial and industrial sectors, where durability and safety are of utmost importance. The introduction of lightweight wallboards that are easy to transport and install is also contributing to the market's positive outlook, as it reduces labor costs and construction time.

The rising consumer inclination towards home renovation and remodeling projects is another significant factor propelling market growth. With the increasing disposable income and changing lifestyle preferences, homeowners are investing in interior design and aesthetics, creating a surge in demand for gypsum wallboards. The versatility and ease of installation of these wallboards make them an ideal choice for renovation projects, thus driving their adoption. Moreover, government initiatives supporting infrastructure development and housing projects in various regions are providing lucrative opportunities for the gypsum wallboard market.

The introduction of Gypsum Fiber Board in the market is another noteworthy development that is gaining traction. Gypsum Fiber Boards are manufactured using a combination of gypsum and cellulose fibers, which are sourced from recycled paper. This composition not only enhances the board's strength and durability but also makes it an environmentally friendly option. These boards are particularly advantageous in applications requiring high impact resistance and flexibility, such as schools, hospitals, and commercial buildings. The growing emphasis on sustainable construction materials has led to an increased interest in Gypsum Fiber Boards, as they offer a balance of performance and eco-friendliness. As the construction industry continues to evolve, the demand for such innovative products is expected to rise, further diversifying the offerings within the gypsum wallboard market.

Regionally, the Asia Pacific is anticipated to exhibit the highest growth rate, driven by the rapid urbanization and infrastructural developments in countries like China, India, and Southeast Asian nations. North America and Europe are also significant markets due to their mature construction industries and increasing focus on sustainable building practices. The Middle East & Africa and Latin America are expected to witness moderate growth, influenced by economic developments and government investments in infrastructure.

Product Type Analysis

The gypsum wallboard market is segmented by product type, which includes regular gypsum wallboard, moisture-resistant gypsum wallboard, fire-resistant gypsum wallboard, and others. Regular gypsum wallboard continues to dominate the market due to its widespread application in residential and commercial construction. Its affordab

The global drywall and gypsum board market exhibits robust growth, reaching a market size of $59,470 million in 2025, with a projected Compound Annual Growth Rate (CAGR) of 7.9% from 2025 to 2033. This expansion is fueled by several key drivers. The burgeoning construction industry, particularly in developing economies experiencing rapid urbanization, creates significant demand for drywall and gypsum board as essential building materials. Furthermore, the increasing preference for lightweight, fire-resistant, and cost-effective construction solutions further bolsters market growth. The rising popularity of pre-decorated boards, offering enhanced aesthetic appeal and reduced installation time, contributes to market expansion across residential and commercial sectors. Government initiatives promoting sustainable building practices also support this trend, as gypsum board offers environmentally friendly attributes compared to some alternative materials. However, the market faces certain restraints, including fluctuations in raw material prices (gypsum, paper) and potential competition from alternative building materials. Nonetheless, the long-term outlook remains positive, driven by sustained growth in the construction industry globally. Market segmentation reveals a strong demand across various applications, with residential construction dominating, followed by the commercial sector. Wallboard continues to be the major product segment, although the pre-decorated board segment is experiencing faster growth due to its convenience and improved aesthetics. The geographical distribution of the market reflects the global construction landscape. North America and Europe currently hold significant market shares, but the Asia-Pacific region is anticipated to witness the fastest growth due to rapid infrastructure development and increasing construction activities in countries like China and India. Key players in the market, including USG, Knauf, and others, are strategically investing in research and development to enhance product offerings and expand their market reach. This includes focusing on improved fire resistance, soundproofing capabilities, and sustainable manufacturing processes. The competitive landscape is characterized by both large multinational corporations and regional players, leading to intense competition based on price, quality, and innovation. Overall, the global drywall and gypsum board market is poised for continued growth, driven by favorable macroeconomic conditions, technological advancements, and increasing demand from various construction applications.

The North America Gypsum Board Market was valued at USD 4 Billion in 2024 is anticipated to reach USD 6.23 Billion by 2032, growing at a CAGR of 5.7% from 2026 to 2032.

North America Gypsum Board Market: Definition/Overview

A gypsum board, also known as drywall, plasterboard, or wallboard, is a panel composed of a non-combustible gypsum core covered in a layer of paper or fiberglass. It is commonly used in construction for walls, ceilings, and partitions due to its light weight, low cost, ease of installation, and fire resistance. Gypsum boards are available in a variety of forms, including moisture-resistant, fire-resistant, and soundproof options.

The global fireproof gypsum board market is experiencing robust growth, driven by the increasing demand for fire-resistant building materials across residential, commercial, and industrial sectors. Stringent building codes and regulations worldwide mandating fire safety measures are significantly fueling market expansion. The rising construction activities in developing economies, coupled with the growing preference for sustainable and eco-friendly building materials, further contribute to the market's positive trajectory. Let's assume, for illustrative purposes, a 2025 market size of $5 billion and a CAGR of 6% for the forecast period 2025-2033. This translates to a substantial market expansion over the next decade. Key players such as Saint-Gobain, USG, and Knauf are leveraging technological advancements to develop innovative fireproof gypsum boards with enhanced performance characteristics, further boosting market growth. The market is segmented by product type (gypsum wallboard and gypsum ceiling) and application (residential, commercial, and industrial), offering various opportunities for market players to cater to specific needs. While potential restraints such as fluctuating raw material prices and environmental concerns related to gypsum production exist, the overall market outlook remains optimistic due to the inherent demand for fire safety and sustainable construction. The market segmentation offers opportunities for targeted growth strategies. The residential segment is expected to maintain a significant share due to increasing urbanization and housing construction. However, the commercial and industrial sectors are expected to witness faster growth rates due to large-scale projects and infrastructure developments. Geographical expansion into emerging markets is another crucial aspect for market players. Regions like Asia Pacific, with its rapid infrastructural development, are projected to exhibit high growth rates. North America and Europe, while mature markets, continue to contribute substantially to the overall market value, driven by renovations, retrofitting, and ongoing construction projects. Strategic partnerships, mergers and acquisitions, and investments in research and development are anticipated to play a significant role in shaping the competitive landscape in the coming years.

The global glass mat gypsum wallboard market is experiencing robust growth, driven by the increasing demand for lightweight, durable, and fire-resistant building materials in both residential and commercial construction. The market, valued at approximately $8 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This growth is fueled by several key factors, including the rising popularity of green building practices (as gypsum wallboard is a relatively sustainable material), the expansion of the construction industry in developing economies, and the increasing adoption of innovative building designs that incorporate this versatile material. The diverse applications of glass mat gypsum wallboard across floors, walls, and ceilings, coupled with its availability in various thicknesses (1/4”, 3/8”, 1/2”, and others), further contribute to its market appeal. Major players like James Hardie, USG Corporation, and Saint-Gobain are actively shaping the market through product innovation and strategic expansions, while regional variations in growth are expected, with Asia Pacific and North America anticipated to lead the charge. Despite this positive outlook, the market faces challenges such as fluctuations in raw material prices (gypsum, glass fibers) and the increasing competition from alternative building materials, including fiber cement boards and other eco-friendly options. Furthermore, stringent environmental regulations and building codes in certain regions can impact market growth. Nevertheless, the long-term growth prospects for glass mat gypsum wallboard remain optimistic, especially considering the ongoing urbanization trends globally and the continued preference for cost-effective, high-performance building solutions. The segment focusing on thicker boards (1/2” and above) is likely to see faster growth than thinner options, driven by their use in commercial constructions and areas demanding higher structural integrity. This in-depth report provides a comprehensive analysis of the global glass mat gypsum wall board market, projecting a market value exceeding $25 billion by 2028. It delves into key market trends, regional dynamics, competitive landscapes, and future growth projections. The report is essential for industry stakeholders, investors, and researchers seeking a detailed understanding of this rapidly evolving sector. Keywords: Glass mat gypsum board, gypsum wallboard, drywall, building materials, construction materials, market analysis, market trends, industry report.

The Global Gypsum Wallboard market is set to grow at 13.10% CAGR (2024-2029), fueled by demand for lightweight, cost-effective, and sustainable construction materials.

According to Cognitive Market Research, the global Gypsum Board Wall market will be USD 56154.2 million in 2024 and expand at a compound annual growth rate (CAGR) of 13.50% from 2024 to 2031.

North America held the major market share, more than 40% of the global revenue, with a market size of USD 22461.68 million in 2024. It will grow at % compound annual growth rate (CAGR) of 11.7% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 16846.26 million.
Asia Pacific held a market share of around 23% of global revenue, with a market size of USD 12915.47 million in 2024, and will grow at a compound annual growth rate (CAGR) of 15.5% from 2024 to 2031.
Latin America's Market will have more than 5% of the global revenue with a market size of USD 2807.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.9% from 2024 to 2031.
The Middle East and Africa held the major market share of around 2% of the global revenue, with a market size of USD 1123.08 million in 2024. The Market will grow at a compound annual growth rate (CAGR) of 13.2% from 2024 to 2031.
The residential segment held the highest Gypsum Board Wall market revenue share in 2024.

Market Dynamics of Gypsum Board Wall Market

Key Drivers of Gypsum Board Wall Market

Innovations in Manufacturing Processes to Provide Viable Market Output

The innovations in manufacturing processes are creating a significant increase in global demand. New manufacturing techniques such as automated production lines, precision cutting, and improved material formulations have enhanced gypsum board wall products' efficiency, quality, and customization options. These innovations have resulted in faster production times, reduced waste, and lowered manufacturing costs. Additionally, digital modeling and design software advancements have enabled greater flexibility in creating intricate patterns and textures on gypsum boards, meeting the growing demand for aesthetically pleasing interior finishes. Overall, these advancements in manufacturing processes have propelled the growth of the gypsum board wall market by offering improved products that cater to diverse customer preferences and project requirements.

For instance, in December 2023, Saint-Gobain Gyproc launched its new product line, which includes gypsum wallboards. The company added to current segments with Habito Standard, a gypsum wallboard suitable for planned and unplanned huge loading applications, Glasroc X for exterior applications, and Rigiroc, a moisture-resistant board for multipurpose applications.

(Source: https://www.globalgypsum.com/news/item/2048-saint-gobain-gyproc-india-launches-new-product-range)

Rapid Urbanization to Propel Market Growth.

The rapid urbanization aims to grow the Market. As urban populations surge, demand for residential, commercial, and industrial infrastructure is heightened, fueling construction activities. Gypsum board walls offer advantages such as ease of installation, fire resistance, sound insulation, and affordability, making them a preferred choice in construction projects. Moreover, urbanization often leads to the need for quick, cost-effective building solutions to accommodate growing populations. Gypsum board walls meet these requirements effectively, driving their adoption in both new constructions and renovation projects amidst the rapid urban expansion, thus stimulating growth in the gypsum board wall market.

For instance, according to the Investment Information and Credit Rating Agency of India Limited, Indian companies are expected to invest more than INR 3.5 trillion or USD 48 billion in infrastructure and real estate, including residential infrastructure, in 2022.

(Source: https://www.ibef.org/industry/real-estate-india)

Restraint Factors Of Gypsum Board Wall Market

Fluctuations in raw materials prices to Restrict Market Growth

The Gypsum Board Wall market faces challenges due to fluctuations in raw material prices. Gypsum board production relies heavily on materials such as gypsum, paper, and additives, whose prices fluctuate due to various factors, including demand-supply dynamics, geopolitical tensions, and currency fluctuations. These price fluctuations disrupt production planning, increase manufacturing costs, and affect profit margins for manufacturers. Moreover, they can lead to consumer pricing uncertainty, potentially d...

The global gypsum board market, valued at approximately $XX million in 2025, is projected to experience robust growth, exhibiting a compound annual growth rate (CAGR) of 6.15% from 2025 to 2033. This expansion is fueled by several key drivers. The burgeoning construction industry, particularly in developing economies experiencing rapid urbanization, creates significant demand for gypsum board as a crucial building material. Increased preference for lightweight, fire-resistant, and cost-effective construction materials further strengthens market prospects. Moreover, growing awareness of sustainable building practices and the environmentally friendly nature of gypsum board are contributing to its adoption. Technological advancements leading to improved product quality, such as enhanced fire resistance and moisture resistance, also stimulate market growth. However, fluctuations in raw material prices (gypsum) and potential competition from alternative building materials pose challenges to the market’s sustained expansion. The market segmentation reflects diverse applications, encompassing residential, commercial, and industrial construction sectors. Key players such as American Gypsum Company LLC, Saint-Gobain, and USG Knauf are actively shaping the market through innovation, strategic partnerships, and geographic expansion. The competitive landscape is characterized by both established players and emerging regional manufacturers, resulting in a dynamic market environment. The forecast period (2025-2033) anticipates continued growth driven by the aforementioned factors. Regional variations in market penetration are expected, with regions exhibiting high construction activity and rapid economic development witnessing the most significant growth. While challenges related to raw material costs and competition will persist, the overall outlook for the gypsum board market remains positive, fueled by sustained growth in the global construction sector and increasing demand for eco-friendly building solutions. The market's evolution will be shaped by the strategies adopted by key players, technological innovations, and evolving government regulations concerning building codes and sustainable construction. Further research into specific regional markets will provide more granular insights into regional growth trajectories and market dynamics. Recent developments include: October 2023: Etex Group acquired the plasterboard and fiber cement businesses of BGC, an Australian construction materials company. This acquisition would allow Etex Group to broaden its footprint in Australia. With a wide range of products and good access to the channels, this acquisition would reinforce the company's plasterboard offerings and position it well for increasing fiber cement production., October 2022: USGKnauf announced its plans to build a new gypsum wallboard plant in Huedin, Cluj County. The investment is expected to support Romania's energy savings campaign, encouraging renovation in the country's dwellings.. Key drivers for this market are: Increasing Demand From Residential Construction, Rising Renovation and Remodeling Activities. Potential restraints include: Increasing Demand From Residential Construction, Rising Renovation and Remodeling Activities. Notable trends are: The Residential Sector to Dominate the Market.

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Drywall And Gypsum Board Market Size 2024-2028

The drywall and gypsum board market size is forecast to increase by USD 20.33 billion at a CAGR of 7.7% between 2023 and 2028.

The market is witnessing significant growth due to the expanding construction sector, driven by rapid urbanization and increasing disposable income. These factors have led to a rise in demand for gypsum-based products, particularly in residential and commercial applications. However, the market also faces challenges in gypsum processing, including high energy consumption and water usage, which can negatively impact production costs and sustainability. To mitigate these challenges, market participants are focusing on technological advancements, such as the adoption of energy-efficient manufacturing processes and the use of recycled gypsum, to enhance productivity and reduce environmental impact. Overall, the market is expected to continue its growth trajectory, driven by these trends and the increasing demand for affordable, sustainable, and advanced building solutions.

What will be the Size of the Drywall And Gypsum Board Market During the Forecast Period?

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The market encompasses the production and sale of gypsum-based products, including wallboard and ceilings, used extensively in both residential and commercial settings for interior wall construction and aesthetic projects. This market exhibits strong growth due to the increasing demand for fireproofing and soundproofing solutions in various applications. The trend toward green construction and the availability of eco-friendly gypsum board options, such as those with moisture resistance and added additives, further boost market expansion.
Affordable housing and residential construction remain significant contributors to market growth, while commercial construction, energy-efficient construction, and urban migration fuel demand in non-residential sectors. Natural calamities and their aftermath also create opportunities for market expansion In the reconstruction phase. The market's size is substantial, with continuous growth expected due to the versatility and affordability of gypsum-based products in various construction activities.

How is this Drywall And Gypsum Board Industry segmented and which is the largest segment?

The drywall and gypsum board industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Residential
  Commercial
  Industrial
  Institutional


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  Middle East and Africa



  South America

By Application Insights

The residential segment is estimated to witness significant growth during the forecast period.

The global population is projected to grow significantly during the forecast period, reaching 8.02 billion in 2023 from 7.74 billion in 2019, according to the World Bank Group. Urbanization and increasing disposable income are driving the demand for new residential units. In response, drywall and gypsum boards are becoming increasingly popular in modern residential designs. These advanced building materials offer interior protection from water, dust, and other elements, creating a safe and comfortable living environment. Additionally, they provide optimal thermal performance for energy efficiency and improved comfort in residential buildings. In both residential and commercial settings, gypsum-based products, including fireproofing and soundproofing solutions, are essential for ensuring safety and comfort.

Green construction, including the use of green drywall and moisture-resistant additives, is gaining traction in both affordable housing and energy-efficient construction projects. Natural calamities and housing sector growth further increase the demand for these versatile materials in construction activities. Drywall and gypsum boards are used extensively for interior walls and ceilings, as well as in pre-decorated boards for residential and non-residential applications. These materials contribute significantly to green building materials, pre-engineered metal buildings, and construction projects overall.

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The residential segment was valued at USD 13 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 55% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market size of variou

According to Cognitive Market Research, the global Gypsum and Drywall market size will be USD 8142.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.60% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 3257.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2442.75 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1872.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 407.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 162.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.
The commercial category is the fastest growing segment of the Gypsum and Drywall industry

Market Dynamics of Gypsum and Drywall Market

Key Drivers for Gypsum and Drywall Market

Increasing Urbanization and Population Growth to Boost Market Growth

Demand for residential, commercial, and infrastructure projects is driven by growing urbanization and population expansion, which raises the need for gypsum and drywall in interior construction. In a rapidly expanding Asian city, urbanization fuels the demand for residential and commercial space; this market trend has the potential to significantly boost worldwide growth. Additionally, the new mixed-use development project will involve building shopping malls, office complexes, and high-rise apartment buildings. Because of their versatility, affordability, and ease of installation, gypsum boards are chosen as the main material for interior construction. Gypsum board walls make it simple to incorporate plumbing and electrical wiring, which speeds up construction and enables us to complete the project by the deadline. Additionally, gypsum boards' fire-resistant qualities meet safety standards in crowded cities. According to UN estimates, 68 percent of people on Earth will live in cities by 2050. The need for infrastructure development and building rises as a result of this faster urbanization. Construction projects are fueled by urbanization in countries like China and India, which raises the need for drywall and gypsum.

Innovation in Design and Finishes to Drive Market Growth

In response to the growing demand for aesthetically pleasing interior spaces, a manufacturer of gypsum and drywall launches a new line of products with creative designs and finishes. These gypsum boards allow architects and interior designers to create visually stunning and unique interiors due to their intricate 3D textures, embossed patterns, and customized themes. Designers utilize these gypsum boards to create eye-catching feature walls in a luxury hotel's entryway by fusing creativity and functionality. Additionally, by providing a range of textures, patterns, and visual effects, gypsum board producers may satisfy the artistic needs of architects and designers, turning gypsum boards from just useful building materials into interior design components. Both the commercial and residential markets may be interested in new developments in gypsum board coatings, which could lead to market growth.

Restraint Factor for the Gypsum and Drywall Market

Fluctuation in Raw Material Prices will Limit Market Growth

The dynamics of the gypsum and drywall markets are greatly impacted by changes in the price of raw materials, especially gypsum. Both synthetic and natural gypsum are essential inputs, and price changes have an impact on supply chain stability, production costs, and market expansion as a whole. The availability and cost of synthetic gypsum, a byproduct of industrial processes (such as flue-gas desulfurization in coal-fired facilities), are influenced by the dynamics of the energy industry. Synthetic gypsum production declined as a result of the world's transition to renewable energy, which lowers the output of coal-based power. It is anticipated that this will impede the expansion of the industry.

Impact of C...