The Business Research Company’s report on the Gypsum-Based Plasterboard Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the gypsum-based plasterboard market further?
Increasing demand from the construction industry is expected to propel the growth of the gypsum-based plasterboard market going forward. Construction activities encompass a wide range of tasks and operations involved in developing infrastructure for sewage, stormwater, and nonpoint-source projects. An increase in construction activity is due to rapid urbanization, infrastructure development, and technological advancements. Gypsum-based plasterboard is used in construction activities for creating interior walls, ceilings, and partitions, providing a smooth, fire-resistant, and easy-to-install surface that can be finished with paint or wallpaper. For instance, in November 2023, according to the Office for National Statistics, a UK-based government report, the value of new construction work in Great Britain surged by 15.8% in 2022, reaching a record high of (£132,989) $174,216 million. This growth was largely fueled by substantial increases in both the private sector, which rose by $18,430 million, and the public sector, which saw a $5,329 million increase. Therefore, increasing demand from the construction industry is driving the gypsum-based plasterboard market.
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What are the key factors influencing the forecasted market size of the gypsum-based plasterboard industry?
The gypsum-based plasterboard market size has grown strongly in recent years. It will grow from $22.50 billion in 2024 to $24.46 billion in 2025 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to increasing construction activities, rising focus on sustainable building materials, enhanced properties of gypsum-based plasterboard, government regulations and initiatives, and growth in renovation and remodeling activities.
The gypsum-based plasterboard market size is expected to see strong growth in the next few years. It will grow to $33.83 billion in 2029 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to a global shift toward environmentally sustainable building practices, growing awareness about energy efficiency, increasing demand from emerging markets, an expanding real estate sector, and board manufacturing including automation. Major trends in the forecast period include technological advancements in manufacturing, use of recycled materials and waste reduction, growing preference for plasterboard that offers multiple functionalities, demand for gypsum-based plasterboard, development of smart buildings, and the integration of technology.
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Who are the leading competitors in the gypsum-based plasterboard market?
Major companies operating in the gypsum-based plasterboard market are Holcim Group, Knauf Gips KG, Georgia-Pacific LLC, USG Corporation, Eagle Materials Inc., USG Boral Middle East, CSR Limited, Daiken Corporation, National Gypsum Company, Taishan Gypsum Co. Ltd., Siam Gypsum Industry Co. Ltd., Siniat UK Limited, Fermacell GmbH, Winstone Wallboards Ltd., Gypsemna Co. LLC, American Gypsum Company LLC, Etex Group, Compagnie de Saint-Gobain S.A., Gypsum Structural India Pvt. Ltd., KNAUF USG Systems, Yoshino Gypsum Co. Ltd., Gyptec Ibérica SA, Beijing New Building Material, Gulf Gypsum Co. LLC
Which emerging trends are set to transform the gypsum-based plasterboard market landscape?
Major companies operating in the gypsum-based plasterboard market are developing innovative products with advanced features, such as multi-purpose, moisture-resistant boards, to enhance performance and meet diverse construction needs while ensuring sustainability and compliance with industry standards. A multi-purpose moisture-resistant board is a type of gypsum board designed to withstand high humidity and moisture levels, making it suitable for use in areas prone to dampness, such as kitchens, bathrooms, and laundry rooms. For instance, in December 2023, Saint-Gobain Gyproc, a France-based manufacturer of gypsum-based building materials, introduced a range of products, including gypsum wallboards. The lineup features Habito Standard, a gypsum wallboard designed for both heavy unplanned and planned load applications, Rigiroc, a versatile moisture-resistant board, and Glasroc X, a wallboard intended for exterior use. These innovative features not only address functional requirements but also cater to modern design aesthetics, positioning Saint-Gobain Gyproc as a leader in the gypsum wallboard segment.
How do different geographies compare in terms of market share and growth potential in the gypsum-based plasterboard market?
North America was the largest region in the gypsum-based plasterboard market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gypsum-based plasterboard market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Which major segments of the gypsum-based plasterboard market are experiencing the fastest growth?
The gypsum-based plasterboard market covered in this report is segmented –
1) By Type: Standard Plasterboard, Fire-Resistant Plasterboard, Sound-Insulated Plasterboard, Thermal Plasterboard, Moisture-Resistant Plasterboard, Impact-Resistant Plasterboard, Other Types
2) By Material: Gypsum, Bio-Based
3) By End-User Application: Residential, Non-Residential
Subsegments:
1) By Standard Plasterboard: Regular Gypsum Board, Lightweight Gypsum Board
2) By Fire-Resistant Plasterboard: Type X Gypsum Board, Type C Gypsum Board
3) By Sound-Insulated Plasterboard: High-Density Gypsum Board, Laminated Acoustic Gypsum Board
4) By Thermal Plasterboard: Insulated Gypsum Board, Foil-Backed Gypsum Board
5) By Moisture-Resistant Plasterboard: Green Board, Cement-Backed Gypsum Board
6) By Impact-Resistant Plasterboard: Reinforced Gypsum Board, Fiberglass-Mat Gypsum Board
7) By Other Types: Mold-Resistant Plasterboard, Flexible Gypsum Board
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How is the gypsum-based plasterboard market defined, and what are its core characteristics?
Gypsum-based plasterboard refers to a panel made primarily from gypsum (calcium sulfate dihydrate), a soft sulfate mineral, which is pressed between two layers of thick sheets of paper or fiberglass. It is used in the construction industry for creating walls, ceilings, and partitions due to its ease of installation, fire-resistant properties, and acoustic insulation capabilities. Gypsum-based plasterboard is lightweight, cost-effective, and offers a smooth surface for finishing.
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