Global Gypsum Board Market Size & Outlook, 2023-2030
Global gypsum board market, 2018-2030 (US$M)
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Global gypsum board market highlights
- The global gypsum board market generated a revenue of USD 55,913.4 million in 2023 and is expected to reach USD 127,068.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 12.4% by 2030.
- In terms of segment, wallboard accounted for a revenue of USD 28,127.3 million in 2023.
- Pre-decorated Board is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 55,913.4 million |
| Market revenue in 2030 | USD 127,068.0 million |
| Growth rate | 12.4% (CAGR from 2023 to 2030) |
| Largest segment | Wallboard |
| Fastest growing segment | Pre-decorated Board |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wallboard, Ceiling Board, Pre-decorated Board, Other Products |
Other key industry trends
- In terms of revenue, the North America accounted for 42.0% of the global gypsum board market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 1,727.0 million by 2030.
Wallboard was the largest segment with a revenue share of 50.31% in 2023. Horizon Databook has segmented the Global gypsum board market based on wallboard, ceiling board, pre-decorated board, other products covering the revenue growth of each sub-segment from 2018 to 2030.
The residential real estate sector across various regions that range from developed markets such as the U.S., to developing markets such as India, Indonesia, China, and others is estimated to grow on account of rising government spending and increasing foreign investments.
The refugee crisis and infrastructure expansion are expected to emerge as the major factors aiding the growth of the global building & construction market. Globally, 61.8 million housing projects are underway and an additional 15 million was added in 2019.
The countries, which experienced a decline in residential construction in 2013 registered a notable demand in 2017. Therefore, registering a slight recovery in the market. Expanding population and rapid urbanization & industrialization in emerging economies are expected to drive governments to increase their construction spending to cater to the rising infrastructure needs.
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Gypsum Board Market Scope
Gypsum Board Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global gypsum board market size, by regions, 2018-2030 (US$M)
Top 10 countries: Gypsum board market size, 2023 (US$M)
Global gypsum board market share, by product, 2023 & 2030 (%, US$M)
Gypsum board market: Opportunity assessment by country
Global gypsum board market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 16,643.8 | 18,040.7 | 17,912.1 | 19,445.0 | 21,424.2 | 23,459.7 | 25,750.6 | 28,382.5 | 31,355.0 | 34,792.4 | 38,826.3 | 43,611.5 | 49,345.4 | 11.2% |
| Europe | 6,248.4 | 6,761.0 | 6,674.7 | 7,195.3 | 7,892.2 | 8,592.6 | 9,389.0 | 10,276.9 | 11,277.7 | 12,434.0 | 13,790.0 | 15,397.2 | 17,320.8 | 10.5% |
| Asia Pacific | 11,142.4 | 12,488.2 | 12,800.1 | 14,336.6 | 16,341.1 | 18,385.7 | 20,677.7 | 23,411.3 | 26,537.4 | 30,184.8 | 34,499.4 | 39,658.7 | 45,892.7 | 14.0% |
| Latin America | 1,178.7 | 1,306.3 | 1,325.3 | 1,472.5 | 1,657.7 | 1,854.6 | 2,074.9 | 2,335.8 | 2,633.5 | 2,980.3 | 3,390.0 | 3,879.3 | 4,469.5 | 13.4% |
| MEA | 2,037.3 | 2,281.2 | 2,387.8 | 2,723.6 | 3,164.2 | 3,620.8 | 4,149.6 | 4,778.8 | 5,503.5 | 6,353.3 | 7,362.4 | 8,572.8 | 10,039.5 | 15.7% |
| Overall | 37,250.5 | 40,877.3 | 41,100.1 | 45,173.0 | 50,479.3 | 55,913.4 | 62,041.7 | 69,185.3 | 77,307.1 | 86,744.9 | 97,868.1 | 111,119.4 | 127,068.0 | 12.4% |
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