Gypsum Board Market

Gypsum Board Market Size and Share:

The global gypsum board market size was valued at USD 31.7 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 47.9 Billion by 2033, exhibiting a CAGR of 4.7% during 2025-2033. Asia-Pacific currently dominates the market, holding a significant share of 45.4% in 2024. This dominance can be attributed to rapid urbanization, strong growth in residential and commercial construction, rising demand for sustainable building materials, and supportive government infrastructure initiatives across major economies such as China, India, Indonesia, and Vietnam.

The gypsum board market is experiencing growth driven by increasing investments in green buildings and sustainable construction materials. The product’s recyclability and low environmental impact align with global sustainability standards, boosting its demand. For instance, in March 2025, Etex subsidiary Siniat inaugurated a €238 million gypsum wallboard plant in Bristol, UK—its largest production investment to date. The facility will manufacture 98% of Siniat’s wallboard portfolio for the UK and Ireland markets. Designed with sustainability in focus, the plant integrates 45% recycled content into its products and operates with zero waste sent to landfill. This development strengthens Etex’s regional manufacturing capabilities while aligning with circular economy goals in the gypsum board industry. Expansion of the hospitality and healthcare infrastructure is also contributing to increased consumption of gypsum board for interior partitioning and ceiling systems. Government-led affordable housing initiatives in emerging economies are further stimulating market growth. Additionally, advancements in automated installation tools are improving efficiency and reducing time-to-completion for large-scale projects, thereby enhancing product appeal across both private and public sector construction activities.

The United States gypsum board market is advancing due to the consistent rise in single-family home construction, particularly in suburban and semi-urban regions. Increasing adoption of prefabricated construction techniques is encouraging higher usage of gypsum board in modular wall systems. Energy efficiency regulations are also promoting demand for gypsum-based materials due to their insulation properties. Growth in office and institutional refurbishment projects is further supporting product uptake. Additionally, the increasing emphasis on fire-resistant and sound-dampening interior materials is positioning gypsum board as a preferred option. Innovations in lightweight board variants are streamlining installation and reducing labor costs, thereby supporting adoption across both residential and commercial sectors. The U.S. Census Bureau announced that the U.S. construction spending reached USD 2,192.5 Billion, up 3.3% from January 2024. Private construction was USD 1,686.0 Billion, while public construction rose to USD 506.6 Billion.

Gypsum Board Market Trends:

Growth in Multi-Family and High-Density Residential Construction

The global increase in multi-family housing developments and high-density urban projects is creating sustained demand for gypsum boards, particularly for interior wall partitions and fire-rated assemblies. The global housing crisis, with 1.6 Billion people lacking adequate housing and the United Nations projections reaching 3 Billion by 2030, requires urgent solutions. UN-Habitat emphasizes the need for 96,000 new homes daily, thereby increasing the need for innovations like affordable materials, and better urban planning. As urban populations continue to rise, developers are opting for faster, lighter, and more cost-efficient building materials. Gypsum boards are being favored over traditional plaster due to their ease of installation, acoustic insulation properties, and adaptability to modular construction. In regions with space constraints and stringent fire safety regulations, fire-rated gypsum boards are witnessing higher adoption. The trend is further supported by zoning reforms and government-backed rental housing schemes, especially in North America and Asia-Pacific. These demographic and regulatory dynamics are reinforcing gypsum board’s relevance in high-rise, shared-living environments.

Integration of Gypsum Boards in Prefabricated and Modular Construction

The rise of prefabricated and modular construction methods is creating new applications for gypsum boards as integral components of pre-assembled wall and ceiling systems. With off-site construction gaining traction for reducing labor costs and project timelines, gypsum boards are being incorporated into factory-fabricated units due to their compatibility with automation and consistent quality. In modular buildings, gypsum boards are used not only for partitions but also for surface finishes that require minimal on-site work. This integration is accelerating adoption in sectors such as student housing, military barracks, and disaster-relief shelters. The standardization of board dimensions and growing availability of pre-cut solutions are further aligning gypsum board products with modular construction’s efficiency-driven model, reinforcing their position in modern construction techniques. For instance, in February 2025, Industrial House for Building Materials announced a USD 12 Million gypsum wallboard plant in Sinai’s Technology Valley, Egypt, in partnership with the Suez Canal Economic Zone. The facility will produce 4 million m² of wallboard, 900,000 tonnes of plaster, and 60 million bags annually. With 80% of output aimed for export, the plant targets standardized, high-volume supply suited for modular and prefabricated construction. Its scale aligns with industrial demand for cost-effective, consistent materials in off-site manufacturing across emerging global markets.

Growing Emphasis on Sustainable Construction Materials

The growing emphasis on sustainable construction materials is emerging as a key driver in the gypsum board market. Innovations such as the sargassum-based Sargapanel, developed by the National Autonomous University of Mexico, reflect a broader industry shift toward eco-friendly alternatives. These new materials address both environmental and structural concerns by repurposing waste biomass, such as invasive seaweed deposits, into viable construction inputs. The adoption of such products supports green building certifications, helps reduce landfill dependency, and aligns with global sustainability targets. As governments and developers increasingly prioritize low-carbon and recyclable materials, demand for alternative wallboard solutions is expected to rise. Moreover, bio-based boards present opportunities for countries facing raw material scarcity to localize production using abundant organic waste. This trend is also prompting established gypsum board manufacturers to invest in research and partner with academic institutions, accelerating the development of next-generation wallboard products that complement traditional gypsum applications while expanding market reach.

Gypsum Board Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global gypsum board market, along with forecasts at the global, regional, and country levels from 2025-2033. The market has been categorized based on product type and end-use.

Analysis by Product Type:

• Wallboard
• Ceiling Board
• Pre-decorated Board
• Others

Wallboard stands as the largest component in 2024, holding a market share of over 51.7%. The wallboard segment dominates the gypsum board market due to its widespread application in residential, commercial, and institutional construction. Its ease of installation, cost-efficiency, and versatility in interior wall and ceiling systems make it the preferred choice among contractors and architects. Wallboards offer fire resistance, sound insulation, and smooth finishing properties, which are essential in modern building standards. Rapid urbanization, rising demand for affordable housing, and infrastructure development in emerging economies further fuel its adoption. Additionally, advancements in manufacturing processes have enhanced the performance characteristics of wallboards, such as moisture and mold resistance, solidifying their position as the leading product category in the gypsum board industry.

Analysis by End-Use:

• Residential
• Corporate
• Commercial
• Institutional

Residential led the market in 2024 with a market share of 48.9%. Residential dominates the market due to the consistent demand for cost-effective, lightweight, and easy-to-install building materials in housing construction. Gypsum boards are widely used for interior walls and ceilings in single-family homes, apartments, and multi-unit dwellings, owing to their versatility and fire-resistant properties. Rapid urbanization, population growth, and government-led affordable housing initiatives are accelerating residential construction activities, particularly in emerging economies. Additionally, the rise in home renovations and remodeling projects supports steady consumption of gypsum boards. The segment also benefits from increasing consumer preference for energy-efficient and aesthetically appealing interiors, further driving adoption in both new builds and refurbishments.

Regional Analysis:

• North America
• Asia Pacific
• Western Europe
• Eastern Europe
• Middle East and Africa
• Central and South America

In 2024, Asia-Pacific accounted for the largest market share of 45.4%. This can be attributed to rapid urbanization, large-scale infrastructure development, and significant growth in residential and commercial construction. Countries such as China, India, and Indonesia are witnessing robust investments in affordable housing, smart cities, and industrial facilities. Government initiatives promoting energy-efficient and sustainable construction are increasing the adoption of gypsum boards for their thermal insulation and recyclability. The expanding middle class is driving demand for modern interior solutions, supporting the use of gypsum boards in partitions and ceilings. Additionally, the availability of low-cost raw materials and labor encourages domestic manufacturing, reducing import dependency. For instance, in January 2025, India and Oman entered the fifth round of negotiations for a proposed Comprehensive Economic Partnership Agreement (CEPA). The agreement aims to reduce or eliminate customs duties on traded goods between the two nations. Gypsum, listed among India's key imports from Oman, is a central focus of the discussions. Strengthening this trade relationship is expected to improve gypsum supply stability for India’s construction and manufacturing sectors, potentially lowering input costs and enhancing bilateral economic cooperation.

Key Regional Takeaways:

United States Gypsum Board Market Analysis

In 2024, United States held 87.8% of the market share in North America. The gypsum board market in the United States is experiencing significant growth driven by a rising demand for sustainable, fire-resistant, and energy-efficient construction materials. According to the U.S. Census Bureau, the nation’s population reached 340.1 Million on July 1, 2024, marking a 0.98% increase from the previous year, the largest year-over-year increase since the 0.99% rise observed between 2000 and 2001. This rise in population, coupled with urbanization trends, is fueling an expansion in the U.S. construction sector, which in turn drives the need for drywall products in residential, commercial, and industrial buildings. New housing projects, in particular, are major contributors to the gypsum board market’s growth. Additionally, there is an increasing consumer awareness of eco-friendly building materials, further supporting market demand. U.S. manufacturers are responding to this demand with advanced production techniques that improve the durability and quality of gypsum boards. Apart from this, regulatory frameworks that promote the use of fire-resistant, soundproof, and energy-efficient materials in buildings are also augmenting market expansion. Moreover, the increasing presence of key players continues to lead and influence the U.S. gypsum board market, ensuring its ongoing development.

Europe Gypsum Board Market Analysis

Europe’s market is witnessing steady growth, propelled by the increasing demand for sustainable and energy-efficient construction materials. According to the EEA report, buildings contribute over 30% of the EU’s environmental footprint, consuming one-third of materials, 42% of energy, and emitting 35% of greenhouse gases. This highlights the need for renovation with sustainable materials, aligning with EU policies such as the New European Bauhaus and the Affordable Housing Plan, which aim to enhance environmental performance and housing accessibility by 2050. These regulations for energy-efficient buildings and renovation projects are supporting the demand for gypsum boards, particularly in countries like Germany, the UK, and France. Furthermore, the ongoing shift toward eco-friendly materials is encouraging manufacturers to innovate and develop gypsum boards with improved insulation, fire resistance, and acoustic properties, thereby stimulating market appeal. In addition to this, the growing adoption of dry construction methods, which reduce both project timelines and costs, is further propelling market growth. Moreover, European manufacturers are focusing on controlling carbon emissions during production, contributing to the EU's sustainability goals, and ensuring the gypsum board market remains a key player globally.

Asia Pacific Gypsum Board Market Analysis

The gypsum board market in Asia-Pacific is expanding due to rapid urbanization and escalating construction activities in countries like China, India, and Southeast Asia. China's Tibet Autonomous Region (TAR) is set to invest over 200 Billion Yuan (USD 27.8 Billion) in infrastructure projects for its 60th anniversary in 2025, surpassing 2024’s 170 Billion Yuan expenditure. This significant increase in development is driving the demand for construction materials, including gypsum boards. As the region’s population grows, there is a rising need for residential, commercial, and infrastructure development. The shift toward modern building techniques and dry construction methods is replacing traditional materials like brick and mortar with gypsum boards. Additionally, governments across the region are encouraging green building standards, further promoting the use of sustainable materials. Moreover, manufacturers are responding by producing lightweight, fire-resistant, and eco-friendly gypsum boards to meet the demand for energy-efficient buildings. With continued industrialization and infrastructure expansion, Asia Pacific is poised to remain a dominant force in the global market.

Latin America Gypsum Board Market Analysis

Latin America’s market is growing steadily, fueled by rising construction activities, urbanization, and improving economic conditions. Similarly, major economies like Brazil and Mexico are witnessing strong infrastructure and housing growth, particularly in metropolitan areas. The region’s growing middle class and demand for modern housing further fuel the market expansion. According to industry reports, Brazil’s per capita income reached BRL 1,848 in 2023, the highest since 2012, reflecting an 11.5% increase from 2022 and signaling economic improvement. Additionally, favorable government initiatives promoting sustainable and energy-efficient building materials are accelerating product adoption. The ongoing shift toward dry construction techniques, which reduce building costs and timelines, is also augmenting market demand. Latin American manufacturers are focusing on providing high-quality, cost-effective, and eco-friendly gypsum board solutions to meet the growing needs of residential and commercial construction across the region.

Middle East and Africa Gypsum Board Market Analysis

The Middle East and Africa gypsum board market is expanding rapidly, driven by booming construction, urbanization, and infrastructure development. In the Middle East, countries like Saudi Arabia, the UAE, and Qatar are witnessing strong real estate growth, fueled by population inflation. According to reprots, Saudi Arabia's population grew 4.7% in mid-2024 to 35.3 Million, with 1.6 Million new residents since 2023. This rise is driving demand for gypsum boards in large-scale infrastructure, commercial buildings, and luxury residential projects. Besides this, in Africa, rapid urbanization and industrial expansion are accelerating the need for affordable housing, further impelling the market. Additionally, the region's push for green building technologies and fire-resistant materials is encouraging product adoption. Moreover, local manufacturers are expanding production capacity, ensuring that the supply meets the rising demand, thereby positioning the market for sustained growth.

Competitive Landscape:

The gypsum board market is highly competitive, with major players focusing on product innovation, strategic partnerships, and capacity expansions to strengthen their market positions. Companies like Saint-Gobain, USG Corporation, Knauf, and Etex Group dominate the global landscape through extensive distribution networks and diversified product portfolios. For instance, in February 2025, Knauf Gips secured official authorization to proceed with its gypsum wallboard plant project in Huedin, Cluj County, Romania. The facility will also manufacture metal profiles. Once operational, the plant is expected to significantly contribute to regional gypsum board supply, reinforcing Knauf’s presence in Eastern Europe and supporting growth in construction and prefabricated building systems across the area. Competitive advantage is often driven by brand reputation, pricing strategies, and the ability to meet specific construction standards such as moisture resistance, fire resistance, and acoustic performance. Regional players compete by offering cost-effective solutions tailored to local construction practices. Mergers and acquisitions are common, enabling companies to expand their geographic presence and manufacturing capabilities. Sustainability and environmental compliance are becoming critical differentiators, pushing manufacturers to adopt greener production methods and invest in recyclable and energy-efficient gypsum board technologies.

The report provides a comprehensive analysis of the competitive landscape in the gypsum board market with detailed profiles of all major companies, including:

• Beijing New Building Materials Public Limited Company
• Compagnie de Saint-Gobain S.A.
• Etex NV
• Knauf Gips KG
• Yoshino Gypsum Co. Ltd.

Latest News and Developments:

• February 2025: Mega Union Industry launched new gypsum board production facilities in Dostuk, Jalal-Abad. This project, supported by Chinese company Hengshui Decheng, will augment Kyrgyzstan’s construction market, create jobs, improve access to building materials, and reduce reliance on imports, contributing to economic growth.
• February 2025: Georgia-Pacific launched DensDeck ProFast Prime Roof Board at the 2025 International Roofing Expo. This fiberglass mat-reinforced gypsum board is 20% lighter than traditional versions and reduces fastener use by 30%-50%, lowering costs. DensDeck StormX Prime won 2024 Global Gypsum Product of the Year.
• February 2025: CGC launched 1/2 in. Sheetrock Brand UltraLight PRO Panels, its lightest gypsum panels, reducing weight by 8.9% and greenhouse gas emissions by 37%. Enhanced durability minimizes damage, improving installation efficiency. Available in GTA and Southern Ontario, it supports sustainable, affordable construction solutions for Canada’s housing industry.
• January 2025: British Gypsum, part of Saint-Gobain Interior Solutions, launched Gyproc SoundBloc Infinaé 100, the UK’s first 100% recycled gypsum plasterboard. This innovation supports the circular economy, transforming plasterboard waste into new materials. British Gypsum also partners with The Pallet LOOP, reinforcing its commitment to Net Zero Carbon by 2050.
• October 2024: Saint-Gobain Canada introduced CarbonLow, a low-carbon gypsum wallboard with up to 60% less embodied carbon, launching in 2025. Produced at North America’s first zero-carbon wallboard facility near Montreal, it offers contractors and homeowners a sustainable alternative while maintaining CertainTeed’s trusted quality.
• In March 2025, Italy-based Eco Avant-Garde introduced a circular innovation through its Eco Gypsum 64 recycling system by developing pulverised paper pellets to be used as fuel in gypsum wallboard plant dryers. This new solution utilizes recovered paper liner waste from wallboard recycling, enabling energy recovery and reducing landfill dependency. The company emphasized the circular economy benefits of this advancement, which promotes sustainable manufacturing in the gypsum board industry.
• In March 2025, Adaptavate commenced a commercial trial of its low-carbon wallboard, Breathaboard, at the 1 Triton Square mixed-use development in Camden, London. In partnership with British Land, Royal London Asset Management Property, and Overbury, this marks the product’s first large-scale deployment. Breathaboard is made from renewable agricultural feedstocks and functions as a scalable, CO₂-sequestering alternative to traditional gypsum boards, offering a net CO₂ reduction of 4kg/m³.
• In March 2025, Türkiye-based Parget Makina commenced construction of a new plaster plant for Litox in Southern Russia under an EPC (engineering, procurement, and construction) contract. Litox is a key regional producer of plaster and dry mixes. This development marks a strategic expansion for Litox and highlights growing investment in gypsum-based building materials within the Russian market.
• In January 2025, Alier commenced construction of a €40 million net zero gypsum wallboard recycling facility in Zaragoza, Spain, within the López Soriano Recycling Technology Park. The plant will operate entirely on renewable energy, using solar and biomass power to achieve carbon-neutral operations. Designed to support Spain’s circular economy goals, the facility will recycle used gypsum wallboards, creating a sustainable material loop.

Gypsum Board Market Report Scope:

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the gypsum board market from 2019-2033.
• The gypsum board market research report provides the latest information on the market drivers, challenges, and opportunities in the global market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the gypsum board industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.