Gypsum Board Market is Expected to Reach USD 109.95 billion by 2028

 Gypsum Board Industry Overview

The global gypsum board market size was valued at USD 45.08 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 11.8% from 2021 to 2028. 

Growing demand from the residential construction sector coupled with increasing consumer spending on advanced construction materials is expected to drive the product demand. The rapidly growing construction industry across the major economies, such as China, India, Brazil, Mexico, South Africa, and Russia, is expected to support the market growth. Moreover, the rising scope of innovative applications in the construction sector is likely to boost product demand. In the U.S., the market stood at USD 13.57 billion in 2020 and is anticipated to grow at a considerable CAGR over the forecast period.

Gather more insights about the market drivers, restrains and growth of the Global Gypsum Board Market

The growing construction industry and the rising demand for single-family and multi-family house constructions in the country are anticipated to augment the product demand over the forecast period. The increasing trend of making aesthetic improvements in the building structures due to the product’s ability to offer innovative designs and textures on its surface is likely to increase its penetration in high-end construction applications.

For instance, wallboards and ceiling boards are widely used to enhance the interior in residential and commercial buildings. Increasing urban migration in major economies, rise in government spending in the real estate market for residential construction, and the growing need for high-end residential homes are anticipated to aid the market growth. However, fluctuations in the raw material prices and strict regulations regarding gypsum mining may hamper the market growth.

Leading players in the market are focusing on increasing their production capacities and introduce advanced products with improved strength and durability. Moreover, the players are investing in R&D to develop products that are specific to interior decorative applications with the addition of designs and textures. These factors will support the market growth during the forecast period.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

  • Metal Stamping Market: The global metal stamping market size was valued at USD 206.01 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 4.7% from 2022 to 2030. 
  • Aluminum Extrusion Market: The global aluminum extrusion market size was valued at USD 87.84 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.5% from 2022 to 2030. 

Gypsum Board Market Segmentation

Grand View Research has segmented the global gypsum board market on the basis of product, application, and region:

  • Gypsum Board Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2028)
    • Wallboard
    • Ceiling Board
    • Pre-Decorated Boards
    • Others
  • Gypsum Board Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2028)
    • Pre-engineered Building
    • Residential
    • Industrial
    • Commercial
    • Institutional
  • Gypsum Board Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2028)
    • North America
    • Europe
    • Asia Pacific
    • Central & South America
    • Middle East & Africa (MEA)

Market Share Insights

  • April 2022: France-based Saint-Gobain and building materials producer Dalsan have signed a joint-venture agreement, pursuant to which they will merge their gypsum wallboard operations in Turkey.

Key Companies profiled:

Some of the prominent players in the global gypsum board market include:

  • Saint-Gobain Gyproc
  • Knauf Gips KG
  • Gulf Gypsum Co.
  • USG Corp.
  • National Gypsum Company
  • LafargeHolcim Ltd.
  • Georgia-Pacific LLC

Order a free sample PDF of the Gypsum Board Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

 

 

Comments

Post a Comment

Popular posts from this blog

Global Potash Market: Trends, Growth & Forecast 2023-2032

T he global  potash market  size is expected to reach USD 93.50 billion by 2032, growing at a CAGR of 4.9% from 2023 to 2032, according to a new study by Grand View Research, Inc. This is attributed to the increasing demand for food and efficient usage of agricultural land. As consumers seek healthier options, there has been a surge in demand for high-value crops like fruits, vegetables, and specialty crops, boosting the demand for potash. Furthermore, the adoption of precision agriculture techniques has become increasingly prevalent in recent years. Precision agriculture involves using advanced technologies and data-driven approaches, such as soil testing and targeted nutrient management, to make informed decisions about fertilizer application.   Farmers are embracing precise and site-specific methods for applying fertilizers, based on field variability and crop requirements. This trend makes way for optimized resource utilization, improved crop performance, and enhanced...
Read more

Smart Ticketing Market Report: Emerging Technologies & Market Opportunities

  The global smart ticketing market size is expected to reach USD 31.65 billion by 2030, growing at a CAGR of 15.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. With the widespread adoption of smartphones, mobile ticketing channels have gained traction, allowing users to purchase, store, and validate tickets directly on their mobile devices, eliminating the need for physical cards or paper tickets. The convenience and ease of use offered by mobile ticketing have contributed to the growth of the market. Smart ticketing systems generate vast amounts of data on passenger journeys, travel patterns, and ticket usage.   Operators leverage this data to gain valuable insights, optimize operations, and improve the overall passenger experience. Data analytics techniques, such as predictive modeling and real-time monitoring, are being applied to enhance efficiency, manage capacity, and offer personalized services, which bode well for smart ticketing...
Read more

Boosting Crop Yields: India Foliar Fertilizer Market Trends & Forecasts

  The  India foliar fertilizer market  size is expected to reach USD 4.9 billion by 2030, expanding at a CAGR of 11.3% during the forecast period, as per a new report by Grand View Research, Inc. The industry growth is majorly driven by surged demand for food due to increasing population coupled with supportive government initiatives and decreasing arable land in the country.   There has been a significant increase in the global prices of fertilizers and foliar fertilizers. As such, farmers falling into small- and marginal-income categories cannot afford to buy fertilizers resulting in reduced agricultural yields. This has led the Government of India to take initiatives to provide fertilizer subsidies to farmers in the country to make them affordable at subsidized prices. For instance, the Government of India announced a subsidy scheme related to fertilizers worth USD 27 billion in 2022 to ensure that fertilizers are affordable for every farmer in the country. Thus, ...
Read more