Canada Gypsum Board Market Size & Outlook, 2023-2030
Canada gypsum board market, 2018-2030 (US$M)
Related Markets
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 2023. 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Gypsum Board Market Scope
Gypsum Board Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada gypsum board market size, by product, 2018-2030 (US$M)
Canada Gypsum Board Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
