North America Drywall Panels Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Regular, Moisture-Resistant, Plaster Baseboard, Paperless, Type X, and Others) and Application (Residential and Non-Residential)

North America Drywall Panels Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Regular, Moisture-Resistant, Plaster Baseboard, Paperless, Type X, and Others) and Application (Residential and Non-Residential)

The North America drywall panels market is expected to grow from US$ 15,828.65 million in 2022 to US$ 22,557.72 million by 2028. It is estimated to grow at a CAGR of 6.1% from 2022 to 2028.

Rising Construction Industry is Driving the North America Drywall Panels Market

Drywall panels, also known as wallboard, plasterboard, and gypsum board, are used in the construction of residential and non-residential buildings for interior walls, ceiling applications, and separation walls. They are used for direct decoration or thistle plaster finish. A drywall panel is preferred to plaster because it is easier to install and repair, less expensive, and more durable. It takes less time to mount and is also widely available. Drywall panels are also fire-resistant. All these benefits of drywall panels are boosting their use in residential and non-residential construction activities. The construction industry in various countries across the region is rapidly growing. Rise in government investments and increase in demand for residential constructions are propelling the growth of the construction industry. The country such as the US have the largest construction business in the world. In North America, the construction industry is one of the significant contributors to the region's economy. According to the Associated General Contractors of America (AGC), the US construction industry creates US$ 1.4 trillion worth of structures each year. The rise in construction activities due to the increasing population and rapidly growing commercial sector across the region are driving the construction sector in North America. Hence, the rising construction industry globally is mainly driving the demand for drywall panels.

North America Drywall Panels Market Overview

The US, Canada, and Mexico are the key economies in North America. Factors such as the resistance to fire and durability of drywall panels and increased construction activity in the region positively impact the drywall panels adoption. Various countries in North America use various model building codes to avoid fire accidents. For instance, model building codes such as International Building Code by the International Code Council and NFPA 5000 by the National Fire Protection Association are commonly used in the US. The widespread use of drywall panels in residential and commercial construction fuels the North America North America Drywall Panels Market growth in North America. The construction sector in North America is rapidly developing due to a robust economy and increased federal and state financing for public works and institutional structures. Rapid development and urbanization are also driving the North America drywall panels market. The construction industry in North America is one of the major contributors to the region's economy. According to the Associated General Contractors of America (AGC), the US construction industry annually creates US$ 1.4 trillion worth of structures. The rise in construction activities owing to the increasing population and rapidly growing commercial sector across the region is driving the construction sector in North America. All these factors are boosting the growth of the North America drywall panels market. Many domestic and international corporations have a substantial presence in North America. Georgia-Pacific LLC and American Gypsum Company LLC are among the key players in the North America drywall panels market. Manufacturers in the area are investing heavily in drywall panel research and development and product development. This, in turn, will fuel the market growth during the forecast period.

North America Drywall Panels Market Revenue and Forecast to 2028 (US$ Million)

North America Drywall Panels Market Segmentation

The North America drywall panels market is segmented into type, application, and country.

Based on type, the North America drywall panels market is segmented into regular, moisture-resistant, plaster baseboard, paperless, type x, and others. In 2022, the regular segment registered a largest share in the North America drywall panels market.

Based on application, the North America drywall panels market is bifurcated into residential and non-residential. In 2022, the residential segment registered a largest share in the North America drywall panels market.

Based on country, the North America drywall panels market is segmented into the US, Canada, and Mexico. In 2022, the US segment registered a largest share in the North America drywall panels market.

American Gypsum Co LLC; Compagnie de Saint Gobain SA; Georgia-Pacific LLC; Knauf Gips KG; and National Gypsum Co are the leading companies operating in the North America drywall panels market.

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