Japan Gypsum Board Market Size & Outlook, 2023-2030
Japan gypsum board market, 2018-2030 (US$M)
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Japan gypsum board market highlights
- The Japan gypsum board market generated a revenue of USD 1,263.5 million in 2023 and is expected to reach USD 2,919.0 million by 2030.
- The Japan market is expected to grow at a CAGR of 12.7% 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 1,263.5 million |
| Market revenue in 2030 | USD 2,919.0 million |
| Growth rate | 12.7% (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, Japan accounted for 2.3% 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 51.65% in 2023. Horizon Databook has segmented the Japan 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.
Sluggish economic growth in Japan due to a slump in private sector demand net trade is expected to have a negative impact on new construction activities in the country, which is likely to hamper the growth of the gypsum board market. Furthermore, the country experienced spillover effects of the slowdown in the economy of China, which had a negative impact on the commodity trade between China and Japan.
Despite the weakness in domestic consumption and business investments, improvements in the rate of employment and rising per capita income are expected to result in a modest economic recovery in Japan over the forecast period.
This, in turn, is anticipated to stimulate the product demand in the country. The declining growth of the construction sector owing to the slowdown in residential construction activities in Japan is expected to negatively impact the demand for gypsum boards 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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Japan gypsum board market size, by product, 2018-2030 (US$M)
Japan Gypsum Board Market Outlook Share, 2023 & 2030 (US$M)
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