Mexico Gypsum Board Market Size & Outlook, 2023-2030
Mexico gypsum board market, 2018-2030 (US$M)
Related Markets
Mexico gypsum board market highlights
- The Mexico gypsum board market generated a revenue of USD 750.4 million in 2023 and is expected to reach USD 1,821.1 million by 2030.
- The Mexico market is expected to grow at a CAGR of 13.5% 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 750.4 million |
| Market revenue in 2030 | USD 1,821.1 million |
| Growth rate | 13.5% (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, Mexico accounted for 1.3% 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 Latin America, Brazil gypsum board market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 1,821.1 million by 2030.
Wallboard was the largest segment with a revenue share of 52.69% in 2023. Horizon Databook has segmented the Mexico 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 Federal Government attributes the rising construction and building industry to the infrastructure and development programs. In addition, the construction sector is expected to witness variable growth on account of the internal and external factors such as declining international oil prices and global economic conditions.
The National Infrastructure Program (PNI) was initiated by the Mexican government under the National Development Plan to boost the infrastructural growth in the country as a strategic move to increase productivity and improve the competitive market of construction industry.
PNI is anticipated to reduce the regional differences across the country and increase the overall standard of living in Mexico, resulting in augmenting the demand for gypsum board in the residential sector.
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Gypsum Board Market Scope
Gypsum Board Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico gypsum board market size, by product, 2018-2030 (US$M)
Mexico Gypsum Board Market Outlook Share, 2023 & 2030 (US$M)
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