According to Stratistics MRC, the Global Gypsum Board Market is accounted for $55.9 billion in 2023 and is expected to reach $146.0 billion by 2030 growing at a CAGR of 14.7% during the forecast period.
Gypsum board, also known as drywall or plasterboard, is a widely used building material composed of a gypsum core sandwiched between paper facings. It is commonly employed in interior wall and ceiling construction in residential, commercial, and industrial settings. Its smooth surface allows for easy finishing, painting, or wallpapering. This lightweight yet durable material contributes to efficient construction practices and provides excellent acoustic and thermal insulation.
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North America is expected to witness highest CAGR over the projection period. The demand for gypsum boards is closely tied to construction activity. As the construction industry grows, so does the demand for gypsum boards. Factors such as population growth, urbanization, and economic conditions play significant roles in driving construction activity. There has been an increasing emphasis on sustainability and green building practices in the construction industry.
Some of the key players in the Gypsum Board Market include Gypsemna, USG Zawawi Drywall LLC SFZ, Etex Group, Gulf Gypsum Co., United Mining Industries (UMI) Company Ltd., Knauf Middle East, Ahmed Yousef & Hassan Abdulla Co. (AYHACO), Global Mining Company LLC (GMC), Yoshino Gypsum Co. Ltd, National Gypsum Company, Beijing New Building Material (BNBM) Public Ltd, Saint-Gobain Gyproc Middle East and Lafarge Group.
Key Developments:
In October 2021, Etex partners announce a new trade agreement with Kier, and our specialist teams are excited to continue building and developing our strong relationship by working collaboratively on some major upcoming projects, whilst innovating and adding value to Kier’s full building process.
What our report offers:
– Market share assessments for the regional and country-level segments
– Strategic recommendations for the new entrants
– Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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