Russia Gypsum Board Market Size & Outlook, 2023-2030
Russia gypsum board market, 2018-2030 (US$M)
Related Markets
Russia gypsum board market highlights
- The Russia gypsum board market generated a revenue of USD 1,177.9 million in 2023 and is expected to reach USD 2,424.7 million by 2030.
- The Russia market is expected to grow at a CAGR of 10.9% 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 1,177.9 million |
| Market revenue in 2030 | USD 2,424.7 million |
| Growth rate | 10.9% (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, Russia accounted for 2.1% 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 50.03% in 2023. Horizon Databook has segmented the Russia 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.
Gypsum board market in Russia experienced an adverse growth during the historic period due to the decline in construction activities as a result of the economic crisis caused by falling oil prices. These factors led to a reduction in the government expenditure on infrastructure development.
However, construction industry in the country registered a slight recovery in 2017 owing to the shift in government focus toward the manufacturing industry in order to reduce the reliance on oil exports. This, in turn, is anticipated to propel the demand for gypsum board in the coming years.
Russia witnessed a significant boost in infrastructure development in 2017 owing to Formula 1 race and FIFA Football World Cup that were due to be held in the country in 2018. Since infrastructure development is vital to the economy, the government intends to invest USD 364.4 billion in the Development of Transport Systems of Russia Program by 2020.
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Gypsum Board Market Scope
Gypsum Board Market Companies
| Name | Profile | # Employees | HQ | Website |
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Russia gypsum board market size, by product, 2018-2030 (US$M)
Russia Gypsum Board Market Outlook Share, 2023 & 2030 (US$M)
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