Gypsum & Drywall Market By PRODUCT (Wallboard, Ceiling Board, Pre-decorated Board, Others), By END-USER (Commercial, Residential), By Thickness (1/2 Inch, 5/8 Inch, More than 5/8 Inch): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global gypsum & drywall market is anticipated to reach $51,910.7 million by 2032, growing from $29,290.5 million in 2022 at a CAGR of 6.1% from 2023 to 2032.
Gypsum & drywall is a construction material that is used in constructing walls, ceilings, and partitions. These boards are made by combining gypsum with a sufficient amount of water and additives to make a semi-liquid slurry. This combination yields calcium sulphate, which recrystallizes over time, restoring the original rock condition. These gypsum boards are commonly used in the building sector because of their low weight and simple adaption to walls without beam structure.
The market is expected to be driven by increasing building and infrastructure development as a result of rising urbanization during the forecast period. Gypsum boards are widely used in the construction of walls, partitions, and ceilings, making them essential in both new and restoration projects. Homeowners and businesses renovate and upgrade their homes in order to increase their beauty, utility, and energy efficiency. Gypsum boards are often used in interior renovations due to its versatility, ease of installation, and ability to achieve desired finishes. Growth in the construction industry, where gypsum boards are recognized as essential building materials, is also one of the key factors anticipated to drive the growth of the gypsum board market. Gypsum boards are cost-effective and simple to install. Therefore, they may easily replace other building materials like plywood, bricks, wood, and others that are used in construction. The demand for gypsum boards during the forecast years is likely to increase as a result. By choosing gypsum boards when creating partition walls, ceilings, and dividing screen systems, the businesses involved in developing commercial, institutional, industrial, and residential subdivisions are likely to boost the market growth for gypsum & drywall market.
The market is projected to be hampered by increase in environmental concerns among individuals as well as fluctuation in raw material pricing. Gypsum board manufacture requires the extraction and processing of natural resources, which has a negative environmental impact. Concerns about mining operations, trash creation, and energy usage are rising in the business. When gypsum board is deposited into landfills, the sulfate in it is converted into hazardous hydrogen sulfide owing to moisture. Compliance with environmental rules and the adoption of sustainable practices are making it difficult for manufacturers to make these drywalls at a low cost. All these factors are predicted to restrict market growth during the forecast period.
The rising demand for green building materials is projected to generate beneficial possibilities for companies operating in the gypsum board market. To reduce environmental effect, manufacturers are focused on the creation of eco-friendly gypsum boards, such as those with a high recycled content or low volatile organic compound (VOC) emission. This involves producing gypsum boards with increased fire resistance, sound insulation, moisture resistance, and impact resistance qualities to fulfill changing client needs and regulatory requirements. In addition, technological advancements and the development of novel manufacturing techniques by key industry players have boosted the expansion of the gypsum board sector in recent years. All these factors are anticipated to create excellent opportunities for the market growth during the forecast period.
The key players profiled in this report include Saint-Gobain, USG Corporation., TECNI-GYPSUM, NATIONAL GYPPSUM (NGC), Knauf Gips KG, GYPLAC SA, BEIJING NEW BUILDINGS MATERIAL (GROUP) CO. LTD., American Gypsum Company LLC, Lafarge Group, and Global Mining Company LLC (GMC). The market players are continuously striving to achieve a dominant position in this competitive market using strategies such as collaborations and acquisitions.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the gypsum & drywall market analysis from 2022 to 2032 to identify the prevailing gypsum & drywall market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the gypsum & drywall market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global gypsum & drywall market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy PRODUCTWallboard
Ceiling Board
Pre-decorated Board
Others
By END-USERCommercial
Residential
By ThicknessMore than 5/8 Inch
1/2 Inch
5/8 Inch
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
United Arab Emirates
South Africa
Rest of LAMEA
Key Market PlayersSaint-Gobain
USG Corporation.
TECNI-GYPSUM
NATIONAL GYPPSUM (NGC)
Knauf Gips KG
GYPLAC SA
BEIJING NEW BUILDINGS MATERIAL (GROUP) CO. LTD.
American Gypsum Company LLC
Lafarge Group
Global Mining Company LLC (GMC)
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