Latin America Gypsum Board Market Size & Outlook
Latin America gypsum board market, 2018-2030 (US$M)
Related Markets
Latin America gypsum board market highlights
- The Latin America gypsum board market generated a revenue of USD 1,854.6 million in 2023.
- The 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,854.6 million |
| Market revenue in 2030 | USD 4,469.5 million |
| Growth rate | 13.4% (CAGR from 2023 to 2030) |
| Largest segment | Wallboard |
| Fastest growing segment | Pre-decorated Board |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 3.3% of the global gypsum board market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 10,039.5 million by 2030.
Wallboard was the largest segment with a revenue share of 51.6% in 2023. Horizon Databook has segmented the Latin America 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.
The construction industry in Latin America is expected to witness substantial growth on account of the increasing investments in various infrastructure projects by foreign and domestic private players in the region. The economies contributing significantly to the regional growth include Argentina, Brazil, Chile, Colombia, Mexico, and Peru.
The robust economic growth in Mexico coupled with a strong private investment that is supported by the favorable risk profile of the country is expected to enable its dominance in the region in the construction industry over the projected period.
In addition, the sluggish growth in Brazil’s construction sector coupled with a weak currency outlook is anticipated to result in a decline in the country’s market share in the region. The growth in the construction industry in Latin America is attributed to private capital infrastructure developments due to public-private partnerships coupled with increasing per capita income in the region.
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Gypsum Board Market Scope
Gypsum Board Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America gypsum board market size, by country, 2018-2030 (US$M)
Latin America Gypsum Board Market Outlook Share, 2023 & 2030 (US$M)
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