Latin America Drywall Market Report and Forecast 2024-2032

Latin America Drywall Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the Latin America drywall market reached a value of USD 2.8 billion in 2023. Aided by the rapid urbanisation, a thriving real estate sector, and enhanced focus on infrastructure development across key Latin American nations, the market is projected to further grow at a CAGR of 2.95% between 2024 and 2032 to reach a value of USD 3.81 billion by 2032.

Drywall, also known as plasterboard or gypsum board, is a panel composed of calcium sulphate dihydrate (gypsum) sandwiched between two thick sheets of paper. It stands as a preferred choice in construction due to its simplicity in installation, cost-effectiveness, and inherent properties like fire resistance. Latin America, with its dynamic urban landscapes and an ongoing transformation from traditional to modern architectural forms, has exhibited a rising demand for drywalls in both commercial and residential construction.

Driving the Latin America drywall market growth is the escalating pace of urbanisation in countries like Brazil, Mexico, and Argentina. As more people migrate to cities, there's an increased demand for housing and commercial spaces, making drywall an essential material given its quick installation capabilities. This urban shift, coupled with rising disposable incomes and improving living standards, further underscores the importance of modern, efficient construction methods, with drywall at the forefront.

Furthermore, government initiatives across Latin American countries to improve public infrastructure, such as hospitals, schools, and administrative buildings, further fuel the demand for drywall. Its fire-resistant properties make it especially desirable in public spaces where safety is paramount.

Environmental sustainability is another dimension influencing the Latin American drywall market outlook. With a global shift towards green construction practices, there's a surge in demand for eco-friendly drywall solutions. Manufacturers are thus continually researching and introducing products with reduced environmental impacts, aligning with global standards.

Moreover, the market potential is not restricted to new constructions alone. The trend of renovating and revamping existing spaces to match contemporary aesthetics also promotes the use of drywall, given its ability to provide smooth finishes and its flexibility in facilitating design innovations.

In the grander scheme of things, the surge in the Latin America drywall market demand reflects the broader socio-economic developments of the region. As urban centres expand and people aspire for modern amenities, the role of efficient and innovative construction materials like drywall becomes pivotal. With leading manufacturers investing in research and development and governments promoting sustainable construction, drywall's prominence in Latin America's architectural narrative is set to intensify.

Market Segmentation

The market can be divided based on type, application, and country.

Market Breakup by Type

• Standard
• Fire-Resistant
• Mould/Moisture Resistant

Market Breakup by Application

• Residential
• Commercial

Market Breakup by Country

• Brazil
• Argentina
• Mexico
• Chile
• Peru
• Colombia
• Others

Competitive Landscape

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

• Saint-Gobain Group
• Etex Group
• Trevo Drywall
• Knauf Group
• USG Corporation
• Wacker Chemie AG
• Georgia-Pacific Gypsum LLC
• Grupo Promax
• Others

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