Asia Pacific Gypsum Board Market Size & Outlook, 2023-2030
Asia Pacific gypsum board market, 2018-2030 (US$M)
Related Markets
Asia Pacific gypsum board market highlights
- The Asia Pacific gypsum board market generated a revenue of USD 18,385.7 million in 2023.
- The market is expected to grow at a CAGR of 14% from 2024 to 2030.
- In terms of segment, wallboard was the largest revenue generating product in 2023.
- Pre-decorated Board is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 18,385.7 million |
| Market revenue in 2030 | USD 45,892.7 million |
| Growth rate | 14% (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 |
| Key market players worldwide | Knauf, Gypsemna, Global Mining Company, National Gypsum Company, Compagnie de Saint-Gobain SA, Holcim Ltd, Zawawi Group, BNBM, Eternit, United Mining Industries, Yoshino Gypsum |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 32.9% of the global gypsum board market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 10,039.5 million by 2030.
Wallboard was the largest segment with a revenue share of 51.28% in 2023. Horizon Databook has segmented the Asia Pacific 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 Asia Pacific gypsum board market is expected to exhibit the fastest growth over the forecast period owing to the massive potential of the construction industry in the region. The construction industry in Asia Pacific is expected to outperform on account of rising per capita income, rapid urbanization, and growing population.
Major economies in this region are anticipated to flourish over the forecast period on account of massive investments by various governments for the development of public infrastructure and the expansion of the residential construction sector, which is expected to benefit the gypsum board market in Asia Pacific.
The expansion of residential, commercial, and industrial sectors on account of sustainable economic growth in the region is expected to boost construction activities, thereby driving the product demand over the forecast period.
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Gypsum Board Market Scope
Gypsum Board Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific gypsum board market size, by country, 2018-2030 (US$M)
Asia Pacific Gypsum Board Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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