Germany Gypsum Board Market Size & Outlook, 2023-2030
Germany gypsum board market, 2018-2030 (US$M)
Related Markets
Germany gypsum board market highlights
- The Germany gypsum board market generated a revenue of USD 966.0 million in 2023 and is expected to reach USD 1,727.0 million by 2030.
- The Germany market is expected to grow at a CAGR of 8.7% from 2024 to 2030.
- In terms of segment, wallboard was the largest revenue generating product in 2023.
- Other Products 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 966.0 million |
| Market revenue in 2030 | USD 1,727.0 million |
| Growth rate | 8.7% (CAGR from 2023 to 2030) |
| Largest segment | Wallboard |
| Fastest growing segment | Other Products |
| 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, Germany accounted for 1.7% 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 Europe, Russia gypsum board market is projected to lead the regional market in terms of revenue in 2030.
- Russia is the fastest growing regional market in Europe and is projected to reach USD 2,424.7 million by 2030.
Wallboard was the largest segment with a revenue share of 51.05% in 2023. Horizon Databook has segmented the Germany 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.
Construction industry in Germany experienced a weak growth until 2015 owing to the economic slowdown due to the Eurozone crisis, which resulted in poor investor confidence and a decline in construction activities in the country. As a result, gypsum board market in Germany also experienced a major setback.
However, the market is expected to witness a moderate growth in the coming years with the gradual economic recovery and improved business confidence. The market is anticipated to witness a moderate growth over the forecast period owing to the significant product demand from residential sector in Germany.
Residential construction is presumed to observe a strong growth fueled by rising per capita income, low interest rates, and rising number of immigrants. The number of immigrants in Germany is expected to reach 10 million by 2020, in turn, driving the demand for new housing.
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Gypsum Board Market Scope
Gypsum Board Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany gypsum board market size, by product, 2018-2030 (US$M)
Germany Gypsum Board Market Outlook Share, 2023 & 2030 (US$M)
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