What Has Been the Growth of the GypsumBased Plasterboard Market So Far?
The gypsumbased plasterboard market has seen considerable growth due to a variety of factors.
• There has been a significant expansion in the market size of gypsum-based plasterboard in the previous years. The market, worth $22.50 billion in 2024, is projected to climb to $24.46 billion by 2025, with a compound annual growth rate (CAGR) of 8.7%.
Elements contributing to its historical growth include accelerated construction endeavors, a growing emphasis on eco-friendly building materials, superior attributes of gypsum-based plasterboards, governmental legislations and incentives, and an increase in refurbishment and remodeling activities.
What Are the Future Growth Projections for the GypsumBased Plasterboard Market?
The gypsumbased plasterboard market is expected to maintain its strong growth trajectory in upcoming years.
• The market for gypsum-based plasterboard is anticipated to experience substantial growth in the coming years, expanding to a worth of $33.83 billion by 2029, with a compound annual growth rate (CAGR) of 8.4%.
The predicted expansion during this forecast period can be accredited to factors such as the global movement towards eco-friendly construction methodologies, increasing consciousness about energy efficiency, burgeoning demand from nascent markets, the blooming real estate sector, and the inclusion of automation in board manufacturing. The forecast period is also likely to witness various trends including technological innovation in production, the application of recycled materials for waste diminution, rising preference for versatile plasterboard, increasing demand for gypsum-based plasterboard, progress in smart building development, and technology incorporation.
What Are The Core Factors Supporting Growth In The GypsumBased Plasterboard Market?
The expansion of the gypsum-based plasterboard market is foreseen due to the escalating demand from the construction sector. Construction engagements include a myriad of responsibilities and procedures required in the infrastructure development of sewage, stormwater, and nonpoint-source projects. This surge in construction activities is a result of rapid urbanization, infrastructure growth, and technological advancements. The use of gypsum-based plasterboard is prevalent in construction for the creation of interior walls, ceilings, and partitions due to its smooth, fire-resistant, easily installable surface suitable for paint or wallpaper finishing. For instance, a report from the Office for National Statistics in the UK showed that in November 2023, new construction work value in Great Britain jumped by 15.8% in 2022, hitting a record high of (£132,989) $174,216 million. This spike was majorly influenced by considerable hikes in both private sector, which went up by $18,430 million, and the public sector, with an increase of $5,329 million. Consequently, the escalating demand from the construction sector is steering the growth of the gypsum-based plasterboard market.
What Are The Major Segments Within The Global GypsumBased Plasterboard Market?
The gypsum-based plasterboard market covered in this report is segmented –
1) By Type: Standard Plasterboard, Fire-Resistant Plasterboard, Sound-Insulated Plasterboard, Thermal Plasterboard, Moisture-Resistant Plasterboard, Impact-Resistant Plasterboard, Other Types
2) By Material: Gypsum, Bio-Based
3) By End-User Application: Residential, Non-Residential
Subsegments:
1) By Standard Plasterboard: Regular Gypsum Board, Lightweight Gypsum Board
2) By Fire-Resistant Plasterboard: Type X Gypsum Board, Type C Gypsum Board
3) By Sound-Insulated Plasterboard: High-Density Gypsum Board, Laminated Acoustic Gypsum Board
4) By Thermal Plasterboard: Insulated Gypsum Board, Foil-Backed Gypsum Board
5) By Moisture-Resistant Plasterboard: Green Board, Cement-Backed Gypsum Board
6) By Impact-Resistant Plasterboard: Reinforced Gypsum Board, Fiberglass-Mat Gypsum Board
7) By Other Types: Mold-Resistant Plasterboard, Flexible Gypsum Board
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What Trends Are Reshaping The Future Of The GypsumBased Plasterboard Market?
Major companies operating in the gypsum-based plasterboard market are developing innovative products with advanced features, such as multi-purpose, moisture-resistant boards, to enhance performance and meet diverse construction needs while ensuring sustainability and compliance with industry standards. A multi-purpose moisture-resistant board is a type of gypsum board designed to withstand high humidity and moisture levels, making it suitable for use in areas prone to dampness, such as kitchens, bathrooms, and laundry rooms. For instance, in December 2023, Saint-Gobain Gyproc, a France-based manufacturer of gypsum-based building materials, introduced a range of products, including gypsum wallboards. The lineup features Habito Standard, a gypsum wallboard designed for both heavy unplanned and planned load applications, Rigiroc, a versatile moisture-resistant board, and Glasroc X, a wallboard intended for exterior use. These innovative features not only address functional requirements but also cater to modern design aesthetics, positioning Saint-Gobain Gyproc as a leader in the gypsum wallboard segment.
Who Are the Key Players In The GypsumBased Plasterboard Market?
Major companies operating in the gypsum-based plasterboard market are:
• Holcim Group
• Knauf Gips KG
• Georgia-Pacific LLC
• USG Corporation
• Eagle Materials Inc.
• USG Boral Middle East
• CSR Limited
• Daiken Corporation
• National Gypsum Company
• Taishan Gypsum Co. Ltd.
• Siam Gypsum Industry Co. Ltd.
• Siniat UK Limited
• Fermacell GmbH
• Winstone Wallboards Ltd.
• Gypsemna Co. LLC
• American Gypsum Company LLC
• Etex Group
• Compagnie de Saint-Gobain S.A.
• Gypsum Structural India Pvt. Ltd.
• KNAUF USG Systems
• Yoshino Gypsum Co. Ltd.
• Gyptec Ibérica SA
• Beijing New Building Material
• Gulf Gypsum Co. LLC
What Is The Most Dominant Region In The GypsumBased Plasterboard Market?
North America was the largest region in the gypsum-based plasterboard market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gypsum-based plasterboard market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
