Gypsum Board Market to Record CAGR of 3.6% Over 2024-2032; Increased Recycling of Gypsum Boards to Strengthen Market’s Growth Potential

The gypsum board market size was valued at USD 13.29 billion in 2023 and is predicted to reach USD 13.73 billion in 2024. The market is anticipated to touch USD 18.16 billion by 2032, recording a CAGR of 3.6% over 2024-2032.

Fortune Business Insights™ presents this information in its latest report titled “Gypsum Board Market Size, Share & Industry Analysis, By Type (Regular Gypsum Boards, Fire & Moisture Resistant Boards, and Others), By Installation (Screwing into Studs and Gluing to Concrete), By Application (Gypsum Board Partitioning, Ceilings and Wall Coverings, and Others), By End-Use (Residential, Commercial, and Others), and Regional Forecast, 2024-2032”.

Gypsum board is a type of plasterboard used to cover partitions or walls and is majorly made of wood pulp or plaster. This type of board is majorly used in interior designing to give an attractive finish to walls and ceilings. It is available in different varieties, such as moisture-resistant boards, fire-resistant boards, mobile boards, and regular boards. The robust expansion of the construction industry is one of the key factors driving the use of these boards.

The COVID-19 pandemic had a negative impact on the market growth due to a sudden decline in the volume of construction activities. The construction sector was among the worst hit industries during this period as social distancing norms and lockdowns enforced by governments caused severe labor and raw material shortages. This factor decreased the demand for these boards, thereby slowing the market growth.

Increased Recycling of Gypsum Boards to Strengthen Market’s Growth Potential

The demand for eco-friendly construction materials is growing among customers as they want to reduce their impact on the environment. This factor is increasing the use of recycled gypsum boards. These boards can act as the best alternative to landfill disposal, which produces harmful gases, such as hydrogen sulfide. These factors are expected to make construction activities eco-friendlier.

However, improper discarding of the product waste in the landfills converts the gypsum into toxic hydrogen sulfide when it comes in the contact of the environment, hampering the gypsum board market growth.

Saint-Gobain Acquired Assets of Seven Hills Paperboard LLC to Gain Better Control Over Raw Materials Supply

Saint-Gobain announced that it had purchased the remaining assets and equity interest of Seven Hills Paperboard LLC, including a gypsum paper board liner manufacturing plant from its joint venture partner WestRock. This move offered Saint-Gobain better control over the delivery of crucial raw materials and components that are necessary for the production of gypsum boards and related products.

Key Players to Sign Merger & Acquisition Agreements to Solidify Market Dominance

The market is fairly fragmented due to the presence of well-established and emerging companies. The leading market players are entering a wide range of merger & acquisition and partnership agreements, and launching novel products with innovative features in the market. These strategies will help them retain their dominance in the global market.

Notable Industry Development:

• April 2023 - Saint-Gobain revealed that it had commenced the production of plasterboard in Norway by using a 100% decarbonized process. The transition from natural gas to hydroelectric power allowed manufacturers to decarbonize their industrial processes. This helped them decrease their annual CO2 emissions by 23,000 tons. Better heat recovery, modernization of the manufacturing factory, and higher process efficiency resulted in a 30% decrease in energy consumption.

List of the Companies Profiled in the Report:

• Cabot Gypsum (Canada)


• Eagle Materials Inc. (U.S.)


• Fletcher Building (New Zealand)


• KNAUF (Germany)


• Mada Gypsum Company (Kingdom of Saudi Arabia)


• National Gypsum Company (U.S)


• Saint-Gobain (France)


• Taishan Gypsum Co., Ltd. (China)


• Beijing New Building Materials Public Limited Company (BNBM) (China)  


• YOSHINO GYPSUM CO. LTD. (Japan)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/gypsum-board-market-102718

Further Report Findings

• Asia Pacific held a dominant global gypsum board market share due to the high consumption of these boards in developing countries, such as India, Japan, and China. In fact, China was responsible for almost half of the consumption of these boards in 2023 and might retain its dominance during the forecast period as well.


• Europe has also captured a significant share of the global market as countries, such as the U.K., Germany, Italy, and France are the major consumers of these boards. Moreover, a strong growth in infrastructure development activities across the region will also contribute to the regional market’s growth.


• Based on type, the regular gypsum board segment accounted for the largest market share as this type of board is highly versatile due to its wide range of applications in commercial, residential, and industrial sectors.

Table of Segmentation