Global Gypsum Board Market by Application (Commercial, Residential), by Product (Wallboard, Ceiling Board, Pre-decorated Board) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global gypsumboard market was worth USD 45.08 million in 2020. It is projected to grow at a compound annual rate (CAGR of 11.8%) between 2021 and 2028. The product demand is expected to grow due to rising demand from residential construction and increasing consumer spending on high-quality construction materials. Market growth is expected to be supported by the rapidly expanding construction industry in major economies like China, India and Brazil. The increasing number of innovative applications in construction will likely boost product demand. The market in the United States was valued at USD 13.57 Billion in 2020. It is expected to expand at a substantial CAGR during the forecast period.

Over the forecast period, the demand for product is expected to rise due to the growing construction industry and rising demand in single-family and multiple-family house constructions. Due to its ability to provide innovative textures and designs on its surface, the product is expected to be more widely used in high-end construction projects.

Wallboards and ceiling boards can be used to improve the interior of commercial and residential buildings. Market growth is expected to be supported by increasing urban migration in major countries, rising government spending on residential construction and the growing demand for luxury residential homes. Market growth may be impeded by fluctuations in raw material prices or strict regulations regarding Gypsum Mining.

Market leaders are increasing production capacity and introducing new products that have improved strength and durability. The market leaders are also investing in R&D to create products for interior decoration applications, adding designs and textures. These factors will help the market grow over the forecast period.

Product Insights

Wallboards dominated the product market in 2020. They accounted for more than half of the total market. This is due to wallboards' widespread acceptance as an alternative to plaster and lath. The forecast years will see a rise in demand for sustainable construction. It is also likely that the product will be more widely used in high-end construction applications due to its continuous innovation.

Gypsum ceiling boards are replacing traditional counterparts like plaster ceilings and interior walls. Ceiling boards are a great way to improve thermal and sound insulation. They also have a low cost and high core strength. Ceiling boards will be in high demand as a result of increasing commercial construction projects around the world.

Pre-decorated boards will experience the fastest CAGR between 2021 and 2028. This is due to their ease of installation and low maintenance. These boards are popular in commercial applications because they allow for flexible workspace configurations and provide maximum color retention.

Other gypsum products, such as plaster base, sheathing and lath, are also gaining popularity on the market. They can enhance the architectural design and aesthetics in building structures. Plaster-based panels are made from a special gypsum base and multi-layered laminated paper face. This provides a fast installation, sag resistance, and water absorption control.

Application Insights

Residential applications accounted for 47% of the total revenue in 2020. It is expected to grow at the fastest CAGR between 2021 and 2028. The segment is expected to grow due to the growing urban population and the increasing demand for architecturally improved materials.

The rising number of major economies such as China, India and Brazil that are constructing new buildings is expected to increase the demand for this product segment. The market is growing because of the increasing number of commercial construction projects around the world.

Pre-engineered Buildings (PEBs), which are used for roofing and other external wall applications, are a common use of Gypsum. Gypsum is used in many industrial structures because it allows for easy fitting of windows and doors, while also providing security. Pre-engineered buildings can be lightweight and economical.

PEBs are preferred over steel because of their design flexibility and ease-of-use. The most widely used gypsum product for institutional use is laminated gypsum wallboards. This includes the base layer that is stapled to the wall, and the second layer that is laminated to it. Due to increasing numbers of school construction projects, institutional construction is expected to see a rapid increase in demand.

Regional Insights

North America accounted for 43% of the global gypsumboard market's largest revenue share in 2020. This market is characterised by high demand for sustainable building and rapid adoption of advanced technology. It also has skilled labor. Another key driver of market growth is the increase in residential and commercial construction spending. The region's prominent manufacturers are expected to increase demand during the forecast period.

Asia Pacific is expected to experience a significant increase in its market share between 2021 and 2028. Market growth will be boosted by the established construction industry in Asia Pacific and growing construction projects in China, India and China.

Due to the growth of the construction industry and increased investments, the Middle East & Africa will be the fastest growing regional market during the forecast period. Oman, Qatar, and Jordan are expected to see significant revenue growth. The region's growth will be driven by the Omani and Saudi Arabian gypsum producers.

Industry players are expected to benefit from favorable government regulations on construction projects, as well as increased investments from foreign companies and public-private partnerships within major economies. The growth will be impeded by fluctuations in raw material prices and mining restrictions within major economies.

Market Share Insights & Key Companies

Major companies are increasingly focusing on acquisitions and mergers of smaller companies in the sector to expand their geographical reach, production capabilities, and product range. Due to the many multinational companies, this market is very competitive. The market will be pushed to the forefront by increased investments made by major players in R&D for new product designs and textures. The following are some of the major players in the global market for gypsum boards:

• Saint-Gobain Gyproc

• Knauf Gips KG

• Gulf Gypsum Co.

• USG Corp.

• National Gypsum Company

• LafargeHolcim Ltd.

• Georgia-Pacific LLC

Up Market Research published a new report titled “Gypsum Board Market research report which is segmented by Application (Commercial, Residential), by Product (Wallboard, Ceiling Board, Pre-decorated Board), By Players/Companies Georgia-Pacific LLC, USG Corp, Gulf Gypsum Co, LafargeHolcim Ltd, Knauf Gips KG, National Gypsum Company, Saint-Gobain Gyproc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Gypsum Board Market Report Segments:

The market is segmented by Application (Commercial, Residential), by Product (Wallboard, Ceiling Board, Pre-decorated Board).

Gypsum Board Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Gypsum Board Market

Overview of the regional outlook of the Gypsum Board Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Gypsum Board Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Gypsum Board Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Commercial

                2. Residential

                1. Wallboard

                2. Ceiling Board

                3. Pre-decorated Board

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Gypsum Board Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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• Correctly Positioning New Products
• Market Entry Strategies
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Reasons to Purchase the Gypsum Board Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.