Drywall And Gypsum Board Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, Japan, India, South Korea, Canada, UK, Germany, France, Italy - Size and Forecast 2024-2028

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.

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The market is experiencing significant growth, particularly In the Asia-Pacific (APAC) region. The region's expanding infrastructure and construction activities, driven by population growth in countries like India and China, are fueling demand for residential, commercial, and industrial buildings. Rapid industrialization and urbanization in APAC nations, including Japan, Indonesia, Malaysia, and Thailand, are further increasing the need for cost-effective and high-quality construction materials. Government investments in infrastructural developments present additional growth opportunities for the market in APAC.

In this context, drywall and gypsum board offer advantages such as fire resistance, sound attenuation, moisture resistance, and ease of installation, making them popular choices for interior walls and ceilings in both residential and commercial settings. Additionally, the trend towards energy-efficient and green construction is driving the demand for gypsum-based products, including green drywall and pre-decorated boards. The market is expected to continue growing as the housing sector responds to urban migration and increasing housing demand.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise In the adoption of Drywall And Gypsum Board Industry?

Growing demand from the construction sector is the key driver of the market.

• Drywall and gypsum boards are essential components in various construction techniques, with gypsum being the primary raw material. Gypsum is utilized in making drywall, which is used for interior walls and ceilings in both residential and commercial settings. Additionally, gypsum is used in producing gypsum-based products, such as fireproofing and soundproofing materials, enhancing the safety and comfort of structures. The global urban population is projected to increase by approximately 68% by 2050, leading to significant population migration from rural to urban areas, particularly in APAC countries like China and India. Consequently, the demand for construction activities, including the use of gypsum boards, is expected to rise in both residential and non-residential applications.
• Moreover, the construction industry is focusing on green building materials to promote energy-efficient and sustainable practices. Green drywall, which is made from recycled gypsum, is gaining popularity due to its moisture resistance and eco-friendly properties. Furthermore, gypsum boards offer excellent fire resistance and acoustic attenuation, making them suitable for various applications, including pre-decorated boards for interior walls and ceiling boards for commercial and residential settings. In summary, the demand for drywall and gypsum boards is driven by urbanization, population growth, and the increasing focus on energy efficiency and sustainability in construction activities. These factors are expected to fuel the growth of the gypsum board market In the coming years.

What are the market trends shaping the Drywall And Gypsum Board Industry?

Rapid urbanization and rising disposable income is the upcoming market trend.

• The global construction industry is experiencing growth due to economic development and urbanization in countries like India, Vietnam, Malaysia, China, and Qatar. Rising disposable incomes have increased purchasing power, leading consumers to invest in residential and non-residential infrastructure. According to The World Bank Group, the per capita income in China was USD 12,614 in 2023, and in India, it was USD 2,485 In the same year. This economic growth is expected to positively impact The market during the forecast period. These building materials are widely used for fireproofing and soundproofing in both residential and commercial settings. Gypsum-based products, including drywall and ceiling boards, are popular choices for interior walls and ceilings due to their affordability, moisture resistance, and ease of installation.
• Pre-decorated boards and additives enhance the aesthetic appeal and functionality of these materials. Green construction, energy-efficient construction, and the housing sector are key areas of focus In the construction industry. Natural calamities and urban migration have also increased the demand for durable and resilient building materials like gypsum board. In summary, the construction industry's growth, driven by economic development and urbanization, is expected to fuel the demand for drywall and gypsum board during the forecast period.

What challenges does the Drywall And Gypsum Board Industry face during its growth?

Challenges in gypsum processing is a key challenge affecting the industry growth.

• Gypsum, a versatile mineral, is the primary component of Drywall and Gypsum Board. The production of Gypsum-based products, including Drywall and Gypsum Board, involves crucial considerations to ensure optimal results. Gypsum's unique characteristics, such as fireproofing and soundproofing properties, make it an essential component in both residential and commercial settings. In construction activities, Gypsum Board plays a pivotal role in energy-efficient construction, green building materials, and interior walls, ceilings, and pre-decorated boards. However, Gypsum processing comes with challenges. Its abrasive nature necessitates strong equipment and rugged pieces. Additionally, Gypsum faces issues like dust and clumping during the production of pelletized and powdered forms.
• The material's natural tendency to harden and form a cement-like structure can make it challenging to remove from processing equipment. In the housing sector, Gypsum Board is vital for residential and non-residential applications. Green construction, urban migration, and housing demand continue to fuel the usage of Gypsum-based products. Moreover, Gypsum Board's fire resistance and acoustic attenuation properties make it a preferred choice for interior walls and ceilings. In the realm of green construction, Gypsum Board offers eco-friendly alternatives like Green drywall and moisture-resistant additives. These enhancements cater to affordable housing and residential construction, ensuring sustainability and durability. Despite these challenges, the Gypsum Board market remains a significant player In the construction industry, offering cost-effective and efficient solutions for various applications.

Exclusive Customer Landscape

The drywall and gypsum board market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the drywall and gypsum board market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, drywall and gypsum board market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• American Gypsum
• Beijing New Building Material
• CertainTeed
• Chiyoda Ute Co. Ltd.
• Compagnie de Saint-Gobain SA
• Etex NV
• Gessos Tecnicos SA
• GIB
• Global Mining Co. LLC
• Gypsemna Co. LLC
• Holcim Ltd.
• Kingspan Group Plc
• Knauf Digital GmbH
• Koch Industries Inc.
• National Gypsum Co.
• PABCO Building Products
• United Mining Industries
• Volma
• Yoshino Gypsum Co. Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

The market continues to experience significant growth, with a particular focus on the use of gypsum board and other gypsum-based products in both residential and commercial settings. These materials have gained popularity due to their versatility, affordability, and ability to enhance the fire resistance and acoustic properties of interior walls and ceilings. Gypsum board, also known as drywall or wallboard, is a common building material used for interior wall and ceiling applications. Its ease of installation and cost-effectiveness make it a preferred choice for construction projects. In addition to its structural benefits, gypsum board can be enhanced with various additives to improve moisture resistance and increase its suitability for use in green construction.

Green construction, also known as sustainable construction, is a growing trend In the industry. The use of gypsum board in green construction is particularly noteworthy due to its low carbon footprint and recyclable nature. In fact, gypsum is a naturally occurring mineral, making it a sustainable alternative to other building materials. Fireproofing is another area where gypsum board excels. Its ability to resist fire makes it an ideal choice for use in both residential and commercial settings. In commercial applications, gypsum board is often used in high-rise buildings and other structures where fire safety is a top priority.

In residential settings, it is commonly used In the construction of interior walls and ceilings to help prevent the spread of fire. Soundproofing is another important application of gypsum board. Its ability to absorb sound makes it an effective solution for reducing noise levels in both residential and commercial settings. In residential applications, it is often used to improve the sound insulation of interior walls and ceilings. In commercial settings, it is used to create quieter work environments and to help reduce noise pollution. The use of gypsum board is not limited to traditional construction projects. It is also used In the construction of pre-engineered metal buildings and other non-traditional structures.

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What are the Key Data Covered in this Drywall And Gypsum Board Market Research and Growth Report?

• CAGR of the Drywall And Gypsum Board industry during the forecast period
• Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
• Accurate predictions about upcoming growth and trends and changes in consumer behaviour
• Growth of the market across APAC, North America, Europe, Middle East and Africa, and South America
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the drywall and gypsum board market growth of industry companies

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