Global Gypsum Board Market Expected to Reach USD 47.9 Billion by 2033 - IMARC Group

January 07, 2025 | Chemical & Materials

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Global Gypsum Board Market Statistics, Outlook and Regional Analysis 2025-2033

The global gypsum board market size was valued at USD 31.7 Billion in 2024, and it is expected to reach USD 47.9 Billion by 2033, exhibiting a growth rate (CAGR) of 4.7% from 2025 to 2033.

Gypsum Board Market

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Increased emphasis on environmentally friendly construction techniques is stimulating the market demand for gypsum boards. Moreover, the growing environmental and health consciousness has prompted producers to create advanced gypsum boards with multifunctional properties. Concurrent with this, modern architecture improves interior air quality by lowering contaminants like formaldehyde. Additionally, commercial and residential environments are witnessing an increase in demand for materials that combine sustainability, durability, functionality, etc. For instance, Jayaboard introduced Jayaboard SHEETROCK PROTECH in May 2023, the first air-purifying gypsum board intended to lower formaldehyde and enhance indoor air quality. This development aligns with the country's 2045 health goals and showcases the industry's shift toward environmentally responsible solutions. Similarly, in 2023, Knauf introduced Stratopanel, a perforated plasterboard incorporating CLEANEO Technology, which enhances air purification and noise absorption with an NRC of 0.80. Featuring sustainable materials and a seamless edge profile, it is tailored for commercial spaces, balancing aesthetics and improved indoor conditions.

Furthermore, the expansion of regional product portfolios is a key driver in the gypsum board market, as companies aim to address specific climatic and functional requirements. For example, Saint-Gobain Gyproc India expanded their line of gypsum board in December 2023 by introducing a number of cutting-edge products, including "Habito Standard" for heavy-duty applications, "Rigiroc" for moisture resistance, and "Glasroc X" for outdoor use. These boards were accompanied by new possibilities for ceiling tiles that were aimed at markets in Bangladesh, Sri Lanka, India, Nepal, and the Maldives. These goods demonstrate how the industry has responded to the growing need for adaptable solutions that improve structural performance and meet regional building requirements. Aligned with advancements, the market is anticipated to grow steadily due to increased consumer awareness, technical improvements, and the worldwide need for environmentally friendly building equipment.

Global Gypsum Board Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America, Asia Pacific, Western Europe, Eastern Europe, the Middle East and Africa, and Central and South America. According to the report, Asia Pacific accounts for the majority of the total share in the market due to rapid urbanization, large-scale infrastructure projects, high demand for construction materials, etc.

North America Gypsum Board Market Trends:

In North America, the growing number of residential and commercial buildings is stimulating the market for gypsum boards. Stricter building rules and energy-efficient construction trends are driving up demand for lightweight, moisture-resistant gypsum boards in the US. In California's wildfire-prone regions, for instance, Type X boards are widely used for their fire resistance, underscoring the state's emphasis on sustainability and safety in building materials.

Asia Pacific Gypsum Board Market Trends:

Asia Pacific is leading the overall market due to urbanization and infrastructure growth in countries like China, Japan, India, and Indonesia. Concurrently, cost-effective boards with excellent durability are in high demand, especially for affordable housing developments. For example, India’s Pradhan Mantri Awas Yojana initiative, where moisture-resistant gypsum boards are used to construct low-cost yet durable housing units, reflects the region’s focus on affordability and functionality.

Western Europe Gypsum Board Market Trends:

In Europe, sustainability and eco-friendly construction practices dominate gypsum board trends. Countries like Germany lead in using recycled gypsum in board production, reducing environmental impact. Lightweight boards designed for thermal insulation are increasingly popular, aligning with the EU’s energy efficiency targets. For instance, Knauf’s GREEN GYPS board, widely used in Germany, exemplifies the demand for sustainable solutions in green building certifications.

Eastern Europe Gypsum Board Market Trends:

The market in Eastern Europe is propelled by Green Public Procurement (GPP) Criteria that establishes eco-friendly purchasing practices for gypsum plasterboard wall panels. Moreover, Russia’s vast gypsum reserves offer a steady supply of raw materials for gypsum board production. This will continue to drive the regional market over the forecasted period.

Middle East and Africa Gypsum Board Market Trends:

In the Middle East and Africa, large-scale infrastructure projects positively influence the market in countries like the United Arab Emirates, Saudi Arabia, and Qatar, which has a significant impact on the gypsum board business. Furthermore, the preference for moisture-resistant and high-strength boards is rising due to extreme climate conditions. For instance, gypsum boards with enhanced thermal insulation are widely used in Dubai's high-rise developments, such as the Burj Khalifa, demonstrating the demand for specialized materials in iconic constructions.

Central and South America Gypsum Board Market Trends:

The growing investments in sustainable and green construction are stimulating the market in Central and South America. As per the US and the Brazilian Green Building Councils, Brazil accounted for more than 1.2 million square meters of certified buildings in 2021. The expanding infrastructures are inflating the need for construction materials, such as gypsum boards.

Top Companies Leading in the Gypsum Board Industry

Some of the leading gypsum board market companies include Beijing New Building Materials Public Limited Company, Compagnie de Saint-Gobain S.A., Etex NV, Knauf Gips KG, Yoshino Gypsum Co. Ltd., among many others. For example, Knauf introduced the GW-TX Gypsum Board in June 2024, emphasizing advanced fire-resistant properties. This product is engineered to meet stringent safety standards, providing enhanced protection and reliability for construction projects requiring superior fire performance and durability.

Global Gypsum Board Market Segmentation Coverage

On the basis of the product type, the market has been bifurcated into wallboard, ceiling board, pre-decorated board, and others, wherein wallboard leads the market. Wallboard is a versatile construction material used for interior walls and ceilings, which offers a smooth finish, easy installation, fire resistance, and soundproofing capabilities.
Based on the end-use, the market is categorized into residential, corporate, commercial, and institutional. Currently, residential exhibits a clear dominance in the market. In residential construction, gypsum board serves as a durable and cost-effective solution for creating walls and ceilings. It is a popular option for house interiors because of its versatility, fire resistance, and ease of modification.

Report Features	Details
Market Size in 2024	USD 31.7 Billion
Market Forecast in 2033	USD 47.9 Billion
Market Growth Rate 2025-2033	4.7%
Units	Billion USD, Billion Square Meters
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: Product Type End-Use Region
Product Types Covered	Wallboard, Ceiling Board, Pre-decorated Board, Others
End-Uses Covered	Residential, Corporate, Commercial, Institutional
Regions Covered	North America, Asia Pacific, Western Europe, Eastern Europe, Middle East and Africa, Central and South America
Companies Covered	Beijing New Building Materials Public Limited Company, Compagnie de Saint-Gobain S.A., Etex NV, Knauf Gips KG, Yoshino Gypsum Co. Ltd., etc.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Gypsum Board Market Expected to Reach USD 47.9 Billion by 2033 - IMARC Group

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