Global Gypsum Board Market to Reach $173.5 Billion by 2030
The global market for Gypsum Board estimated at US$76 Billion in the year 2023, is expected to reach US$173.5 Billion by 2030, growing at a CAGR of 12.5% over the analysis period 2023-2030. Wallboard, one of the segments analyzed in the report, is expected to record a 12.8% CAGR and reach US$88.4 Billion by the end of the analysis period. Growth in the Ceiling Board segment is estimated at 11.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $19.8 Billion, While China is Forecast to Grow at 16.1% CAGR
The Gypsum Board market in the U.S. is estimated at US$19.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$40.8 Billion by the year 2030 trailing a CAGR of 16.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.9% and 10.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 9.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$27 Billion by the year 2030.
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