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Global gypsum plasterboard market size was valued at USD 712 million in 2024. The market is projected to grow from USD 756 million in 2025 to USD 1,210.89 million by 2032, exhibiting a CAGR of 6.50% during the forecast period.
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Latest Research Report : Global Gypsum Plasterboard Market Research Report 2025 Comprehensive insight into regional dynamics, growth drivers, and market segmentation. www.24chemicalresearch.com
MARKET OVERVIEW: Gypsum plasterboard, commonly known as drywall, is a panel made of calcium sulfate dihydrate (gypsum) pressed between two thick sheets of paper. These versatile construction materials are primarily used for interior walls and ceilings due to their fire resistance, sound insulation properties, and ease of installation. The product range includes standard, moisture- resistant, fire-resistant, and impact-resistant variants to meet diverse construction requirements.
MARKET INSIGHT & GROWTH DRIVERS: CAGR 2024 USD 712 MILLION 2032 USD 1,210.89 MILLION 6.50% The market growth is driven by increasing urbanization and construction activities worldwide, particularly in emerging economies. North America accounted for approximately 28% of global demand in 2024, valued at USD 199.52 million, while Asia-Pacific remains the fastest-growing region. Click Here for More Detailed Report
MARKET SEGMENTATION: 01 02 BY APPLICATION Residential Construction Commercial Construction BY TYPE Gypsum Wallboard Gypsum Ceiling
MARKET DYNAMICS Global Construction Boom Accelerating Demand for Gypsum Boards The construction industry's projected 4.5% annual growth through 2032 is creating unprecedented demand for gypsum plasterboards. Emerging economies in Asia are witnessing particularly rapid adoption, with China's construction sector alone consuming over 2.5 billion square meters of gypsum board annually.
MARKET OPPORTUNITIES The development of next-generation gypsum products with enhanced functionalities is creating lucrative market opportunities. High- performance variants now account for over 15% of industry revenues, including moisture- resistant boards for bathrooms (growing at 9% annually), impact-resistant formulations for schools and hospitals, and ultra-light versions improving installation efficiency. COMPANY MISSION The global construction sector's accelerating shift toward sustainable materials has positioned gypsum plasterboard as a preferred choice for modern buildings. With increasing regulatory pressure to reduce carbon footprints, gypsum boards offer distinct advantages—being 100% recyclable and emitting 60% less CO during production compared to traditional concrete walls. 2
REGIONAL MARKET OUTLOOK North America The North American gypsum plasterboard market, valued at $212 million in 2024, benefits from established construction practices and high renovation activity. The U.S. represents approximately 78% of regional demand, with a strong preference for specialty boards including moisture-resistant and soundproof variants. Europe European demand focuses on sustainable and high-performance gypsum products, with Germany and France leading adoption. The EU's circular economy action plan promotes gypsum board recycling, with current recovery rates exceeding 50% in Western Europe. Energy-efficient construction standards and acoustic requirements in multi-family housing are key demand drivers.
COMPETITIVE LANDSCAPE Saint-Gobain (France) Etex Corp (Belgium) USG Corporation (U.S.) Knauf (Germany) Georgia-Pacific Gypsum (U.S.) National Gypsum (U.S.) These companies represent some of the major key players driving innovation and growth in the market, contributing significantly to global supply and competitive dynamics. DOWNLOAD FREE SAMPLE PDF BROCHURE
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