Global Drywall Market Report and Forecast 2023-2028

Global Drywall Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global drywall market attained a value of USD 37839 million in 2022. Aided by the increasing construction activities and rapid urbanisation worldwide, the market is projected to further grow at a CAGR of 6.1% between 2023 and 2028 to reach a value of USD 53436.15 million by 2028.

Drywall, also known as plasterboard, wallboard, or gypsum board, is a construction material used to create interior walls and ceilings. It is made by sandwiching a gypsum plaster core between two thick sheets of paper. Drywall is favoured for its ease of installation, cost-effectiveness, and fire-resistant properties. Proper storage of drywall in dry and moisture-free environments is crucial to prevent damage and maintain its quality.

Increasing construction activities globally, both in residential and commercial sectors, are fuelling the growth of the global drywall market. The rapid urbanisation in developing countries has led to a surge in the demand for housing and infrastructure projects. This trend has, in turn, increased the consumption of drywall materials. Furthermore, the growing preference for sustainable and eco-friendly construction materials has contributed to the rising adoption of drywall.

The growing emphasis on energy-efficient buildings is another factor propelling the global drywall market. Drywall is an excellent insulator and can help reduce energy consumption in buildings by maintaining the interior temperature. As a result, governments and regulatory bodies are promoting the use of drywall in construction projects to achieve energy efficiency targets. In addition to energy efficiency, the fire-resistant properties of drywall make it an attractive choice for building construction. The ability of drywall to slow down the spread of fire and provide increased safety in residential and commercial buildings has led to its widespread use in the construction industry.

The expansion of the hospitality and tourism sectors is also driving the growth of the global drywall market. As the number of hotels, resorts, and commercial spaces increases, so does the demand for drywall. The lightweight and easy-to-install nature of drywall allows for quick construction and renovation, making it a popular choice for the hospitality industry. With the rising awareness of environmental concerns and sustainability, there is an increasing preference for eco-friendly construction materials. Drywall is considered a sustainable choice due to its recyclability and lower environmental impact compared to traditional materials. This advantage is fuelling the growth of the drywall market.

Market Segmentation

The market can be divided on the basis of type, application, and region.

Market Breakup by Type:

• Standard
• Fire-Resistant
• Mould/Moisture Resistant

Market Division by Application:

• Residential
• Commercial

Market Segregation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global drywall companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• USG Corporation
• Georgia-Pacific LLC
• CertainTeed
• American Gypsum Company
• China National Building Materials Co., Ltd.
• Others

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.