Gypsum Boards Market

Segmentation By Product (Pre-Decorated Board, Wall Board and Ceiling Board); By Application (Commercial, Residential, Institutional and Pre-Engineered Metal Buildings); By Thickness (1/2 Inch, 5/8 Inch and Others); By Type (X Type Gypsum Board and Regular Type Gypsum Board) – Global Demand Analysis & Opportunity Outlook 2027

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Report ID: 1023 | Published On: Feb 08, 2023
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Growth Drivers 

The increasing awareness about gypsum boards that are efficient to use and provides high thermal and fire resistance coupled with numerous decorative applications and ease of availability are anticipated to impel the market growth. It is economical to produce these boards owing to ease of availability of low price raw material. Additionally, overall growth in construction sector is anticipated to support the growth of the market. The properties of gypsum, for instance, no shrinkage cracks, quick setting time, sound damping properties and excellent strength are expected to affect the market growth positively. Furthermore, the new innovations and development in the gypsum board production such as ECOPHIT, the gypsum board with graphite in it to provide better heat distribution and cooling effect are anticipated to positively affect the growth of the market in upcoming years.
The taxation and duties imposed on the export and import of the gypsum material, price fluctuations of the product and gypsum’s properties where it cannot be used on outside walls and the areas with moisture as gypsum retains dampness and react with water resulting in soft walls and ceilings are some of the restraining factors that might hinder the growth of the market. Additionally, the limited shelf life and restrictions on storage conditions are anticipated to act as restraints to growth of the market.

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Market Size and Forecast

The global gypsum boards market is anticipated to record a CAGR of around 12% over the forecast period i.e. 2019-2027 owing to rise in residential sector and changing lifestyle of people across the world. The rapid industrialization has resulted in provision of better infrastructural facilities coupled with urbanization which is responsible for changing lifestyle of people with increased consumer spending capacity. The capacity of gypsum board to provide better quality and varied ceilings designs as compared to traditional cement and plasters is anticipated to hone the market growth. The gypsum board manufacturing cost majorly depends on the cost associated with raw materials, machine and transportation. The rise in production of synthetic gypsum boards owing to reduced costs and ease of manufacturing is anticipated to support the market growth.

The gypsum board market is segmented by product, type, application and thickness. The product type segment is further segmented into pre decorated board, wall board and ceiling board, out of which, the  wall boards segment is anticipated to have leading shares of around 52% owing to their wide application in making surfaces, room interiors and partitions followed by pre-decorated board segment and ceiling boards. On the basis of application, the market is bifurcated into commercial, residential, institutional and pre-engineered metal buildings, out of which, the residential segment is anticipated to hold notable market share owing to rise in urban population and better purchasing power followed by pre-engineered metal building segment with growing industrial and commercial sector. 


Market Segmentation

Our-in depth analysis of the gypsum boards market includes the following segments: 

By Product 

•    Pre-Decorated Board
•    Ceiling Board
•    Wall Board

By Application

•    Commercial 
•    Residential
•    Institutional
•    Pre-Engineered Metal Buildings

By Type

•    X-Type 
•    Regular Type 

By Thickness Type

•    ½ Inch
•    5/8 Inch
•    Others

By Region

On the basis of regional analysis, the gypsum boards market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

The market in Asia-Pacific region is anticipated have major market share during the forecast period. The region is expected to have around 55% of global consumption owing to high product demand in residential and pre-engineered metal building construction segments. China being the major producer of gypsum products is anticipated to have leading market shares in the region. The favorable environmental conditions and the increased investments in the construction sector is estimated to fuel the market growth. The market in Middle East and Africa region is anticipated to witness significant growth owing to increased investment in infrastructure and construction sectors. The region being an attractive destination for new companies to set up, coupled with overall urban population growth is estimated to impact the market growth positively in the region.

The gypsum boards market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC,  Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

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Top Featured Companies Dominating the Market

    • BGC Plasterboard 
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • CGC Inc.
    • Chiyoda Ute Co. Ltd.
    • Global Gypsum Board Co LLC
    • Jason Plasterboard Co. Ltd.
    • LafargeHolcim
    • PABCO Building Products LLC.
    • Saint-Gobain Manufacturing Company
    • USG Zawawi Drywall LLC SFZ
    • VOLMA

In The News

  • April 2022: IBSRELA the first and only NHE3 inhibitor for the treatment of irritable bowel syndrome with constipation (IBS-C) in adults, has been made available by the biopharmaceutical company Ardelyx. The first Ardelyx product to receive approval from the US Food and Drug Administration is IBSRELA.
  • March 2022: Indegene a provider of technology-driven healthcare solutions, & meta Me Health, a maker of Regulora and a Prescription Digital Therapeutics (PDT) business, teamed up to offer Regulora as a remedy for irritable bowel syndrome-related stomach pain (IBS).

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

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