Canada Gypsum Board Market Size & Outlook, 2024-2030
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Canada gypsum board market highlights
- The Canada gypsum board market generated a revenue of USD 7,848.9 million in 2023 and is expected to reach USD 20,635.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 14.8% 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.
Gypsum board market data book summary
| Market revenue in 2023 | USD 7,848.9 million |
| Market revenue in 2030 | USD 20,635.4 million |
| Growth rate | 14.8% (CAGR from 2023 to 2030) |
| Largest segment | Wallboard |
| Fastest growing segment | Pre-decorated Board |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 14.0% of the global gypsum board market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. gypsum board market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 20,635.4 million by 2030.
Wallboard was the largest segment with a revenue share of 48.19% in 2024. Horizon Databook has segmented the Canada 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.
According to the United Nations Department of Economic and Social Affairs (UNDESA), Canada’s population is expected to reach 37.6 million in 2020 and 40.3 million by 2030. The growth in population in Canada is expected to significantly boost the residential construction sector over the forecast period.
Unlike the U.S., Canada is expected to witness strong growth in demand for multi-family housing as compared to single-family housing. The government’s efforts and investments to provide affordable housing to the lower classes through the Canada Mortgage and Housing Corporation (CMHC) and Affordable Housing Initiative (AHI) program are anticipated to further boost residential construction in the country.
The government is planning an expenditure of USD 6 billion by 2020 for the development of social infrastructure, including renovation and new house building construction, which is expected to drive market growth.
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Gypsum Board Market Scope
Gypsum Board Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Yoshino Gypsum | View profile | 51-100 | Japan, Jawa Tengah, Indonesia, Asia | https://yoshino-gypsum.com |
| United Mining Industries | View profile | 251-500 | Yanbu Al-bahar, Al Madinah, Saudi Arabia, Asia | http://ugc.com.sa |
| Eternit | View profile | 501-1000 | São Paulo, Sao Paulo, Brazil, South America | https://www.eternit.com.br/ |
| BNBM | View profile | 10001+ | Beijing, Beijing, China, Asia | http://www.bnbm.com.cn/ |
| Zawawi Group | View profile | 11-50 | Muscat, Masqat, Oman, Asia | https://www.zawawigroup.com/ |
| Holcim Ltd | View profile | 63448 | Grafenauweg 10, Zug, Switzerland, CH-6300 | https://www.holcim.com |
| National Gypsum Company | View profile | 1001-5000 | Charlotte, North Carolina, United States, North America | http://www.nationalgypsum.com |
| Global Mining Company | View profile | 11-50 | Aurora, Colorado, United States, North America | https://www.globalminingcorp.com |
| Gypsemna | View profile | 251-500 | Dubai, Dubai, United Arab Emirates, Asia | https://www.gypsemna.com |
| Knauf | View profile | 51-100 | Utrecht, Utrecht, The Netherlands, Europe | https://knauf.be/nl |
| Compagnie de Saint-Gobain SA | View profile | 168508 | 12, Place de l'Iris, Tour Saint-Gobain, Courbevoie, France, 92400 | http://www.saint-gobain.com |
Canada gypsum board market size, by product, 2018-2030 (US$M)
Canada Gypsum Board Market Outlook Share, 2024 & 2030 (US$M)
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