Mexico Gypsum Board Market Size & Outlook, 2023-2030
Mexico gypsum board market, 2018-2030 (US$M)
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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.
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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 outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to gypsum board market will help companies and investors design strategic landscapes.
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.
The projects involved under the National Infrastructure Program for urban development includes improving household conditions and services based on sustainable urban development, minimizing the existing housing gap, and providing finances for respectful and sustainable housing. The majority of the projects are completed as public-private partnership, thereby widening the installation scope by including advanced features such as gypsum board for improving energy efficiency in the buildings.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico gypsum board market , including forecasts for subscribers. This country databook contains high-level insights into Mexico gypsum board market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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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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