The global Gypsum Board market size is expected to be worth around US$ 129.95 billion by 2030, according to a new report by Vision Research Reports.
The global Gypsum Board market size was valued at US$ 45.10 billion in 2020 and is anticipated to grow at a CAGR of 11.8% during forecast period 2021 to 2030.
Increasing utilization of gypsum boards in decorative and partitioning applications in residential constructions is anticipated to drive the market over the forecast period. Rise in the construction industry across the globe is likely to provide growth opportunities to the market. The product demand is also driven by the residential sector, wherein, it is widely used for room partitioning.
These products are available in the form of wallboards, ceiling boards, pre-decorated boards, etc., which also boosts their demand in the construction application. Moreover, high durability and low weight of the product coupled with easy handling measures have propelled its demand in commercial, institutional, and industrial facilities for impact & mold resistance, exterior sheathing, and shaft wall constructions. Moreover, the availability of decorative designs on the boards is likely to support the growth over the forecast period. The U.S. Environmental Protection Agency (EPA) has approved the use of Flue Gas Desulphurization (FGD) Gypsum as a substitute to mined gypsum for the production of wallboards.
The growing construction industry and the rising demand for single-family and multi-family house constructions in the country are anticipated to augment the product demand over the forecast period. The increasing trend of making aesthetic improvements in the building structures due to the product’s ability to offer innovative designs and textures on its surface is likely to increase its penetration in high-end construction applications.
For instance, wallboards and ceiling boards are widely used to enhance the interior in residential and commercial buildings. Increasing urban migration in major economies, rise in government spending in the real estate market for residential construction, and the growing need for high-end residential homes are anticipated to aid the market growth. However, fluctuations in the raw material prices and strict regulations regarding gypsum mining may hamper the market growth.
Wallboards emerged as the largest product segment in 2020 and accounted for a share of more than 50% owing to wide acceptance of wallboards as a substitute to plaster and lath. Increasing demand for sustainable construction is expected to drive the product demand during the forecast years. Moreover, continuous innovation in the product is likely to increase its penetration in high-end construction applications.
The gypsum ceiling board is increasingly replacing other conventional counterparts including plaster in ceilings and interior walls. These ceiling boards significantly improve the thermal and sound insulation in buildings at a relatively lower cost whilst offering high rigidity and core strength. A growing number of commercial construction projects across the globe is likely to increase the demand for ceiling boards.
The pre-decorated boards' segment is estimated to register the fastest CAGR from 2021 to 2030 due to the extensive usage of these products in various construction projects owing to their low maintenance and easy installation properties. These boards are widely utilized in commercial applications as they provide flexibility to changing workspace configuration while offering maximum stability and color retention to surfaces.
Other gypsum-based products including sheathing, plaster base, and lath are gaining traction in the market on account of their ability to enhance the architectural design and aesthetics of the building structures. Plaster-based panels consist of a special gypsum core along with multi-layered laminated face paper, which offers a high plaster bond with sag resistance and rapid installation while controlling water absorption.
The residential application segment accounted for the largest revenue share of over 47% in 2020 and is projected to expand further at the fastest CAGR from 2021 to 2028. Growing urban population coupled with increasing demand for aesthetically improved materials in the building architecture is likely to support the segment growth.
Moreover, a rising number of construction projects in major economies including China, India, Brazil, Russia, and the U.S. is likely to augment the product demand in this segment. Growing commercial construction activities across the globe are boosting the demand for construction materials with less environmental impact, which, in turn, is supporting the market growth.
Gypsum is widely used in Pre-engineered Buildings (PEBs) in roofing and external wall applications. It is commonly used in industrial structures as it facilitates easy fitting in windows and doors while providing security. Pre-engineered buildings are highly economical and lightweight.
Moreover, design flexibility and easy fabrication offered by PEBs make them a preferred building material over other conventional alternatives, such as steel. Laminated gypsum wallboards, with the base layer stapled to the wall and the second finished layer laminated to the base layer, are the most commonly used gypsum product in institutional applications. Institutional construction activities are expected to witness a rapid growth rate in the coming years owing to the increasing number of K-12 school construction projects.
North America led the global gypsum board market in 2020 accounting for the largest revenue share of over 43%. The regional market is characterized by a high demand for sustainable construction coupled with quick adoption of advanced technology and availability of skilled labor. Increasing residential and commercial construction spending in the region is another key factor driving the market growth. Moreover, the presence of prominent manufacturers in the region is likely to spur the demand over the forecast period.
Asia Pacific is projected to register a significant growth rate from 2021 to 2030. The well-established construction industry in the region coupled with growing construction projects in China and India is anticipated to drive product demand, thereby boosting the market growth in the coming years.
The Middle East & Africa is anticipated to be the fastest-growing regional market over the forecast period due to the growing construction industry along with growing investments in the region. Countries, such as Qatar, Oman, and Jordan, are likely to witness significant growth, in terms of revenue. Increasing gypsum production in Oman and Saudi Arabia is anticipated to remain a key driving factor for the region’s growth.
Knauf Gips KG
Gulf Gypsum Co.
National Gypsum Company
Central & South America
Middle East & Africa
The Gypsum Board market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Gypsum Board market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Gypsum Board market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Gypsum Board market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Gypsum Board market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Gypsum Board capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Gypsum Board by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Gypsum Board market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Gypsum Board market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Gypsum Board market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Gypsum Board industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Gypsum Board market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Gypsum Board market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Gypsum Board market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Gypsum Board market. These factors have benefited the growth of the global market for Gypsum Board. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Gypsum Board. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Gypsum Board are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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