China Gypsum Board Market Size & Outlook, 2023-2030
China gypsum board market, 2018-2030 (US$M)
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China gypsum board market highlights
- The China gypsum board market generated a revenue of USD 10,031.5 million in 2023 and is expected to reach USD 24,176.5 million by 2030.
- The China market is expected to grow at a CAGR of 13.4% 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 10,031.5 million |
| Market revenue in 2030 | USD 24,176.5 million |
| Growth rate | 13.4% (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, China accounted for 17.9% 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 Asia Pacific, China gypsum board market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,249.8 million by 2030.
Wallboard was the largest segment with a revenue share of 51.09% in 2023. Horizon Databook has segmented the China 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.
China is expected to witness an increased demand for gypsum boards over the forecast period owing to the government's emphasis on reducing the overall energy consumption. The implementation of China’s 13th Five-Year Plan (2016-2020) for economic and social development aims to optimize the energy system, promote energy consumption reform, and build a clean, decarbonized, safe, & efficient modern energy system.
This plan is expected to encourage the consumption of energy-efficient products, thereby propelling the demand for gypsum boards in order to reduce the energy consumption of buildings by maintaining insulation. However, a slowdown in the economic growth of China is likely to lead to a reduction in construction activities, thereby restraining gypsum board market growth.
Growing urbanization in China is one of the primary factors boosting the growth of the construction sector and consequently the demand for gypsum boards. China has undergone a massive urbanization process that has transformed the country over the past decade.
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Gypsum Board Market Scope
Gypsum Board Market Companies
| Name | Profile | # Employees | HQ | Website |
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China gypsum board market size, by product, 2018-2030 (US$M)
China Gypsum Board Market Outlook Share, 2023 & 2030 (US$M)
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