UK Gypsum Board Market Size & Outlook, 2023-2030
UK gypsum board market, 2018-2030 (US$M)
Related Markets
UK gypsum board market highlights
- The UK gypsum board market generated a revenue of USD 733.1 million in 2023 and is expected to reach USD 1,436.9 million by 2030.
- The UK market is expected to grow at a CAGR of 10.1% 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 733.1 million |
| Market revenue in 2030 | USD 1,436.9 million |
| Growth rate | 10.1% (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, UK 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 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 51.98% in 2023. Horizon Databook has segmented the UK 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 Gypsum board market in the UK is expected to be driven by strong growth in construction and refurbishment activities in key sectors such as housing, offices, educational institutes, hotels & restaurants, resorts, transport buildings, and online retail warehousing.
However, weakened commercial and industrial activities in the country coupled with uncertainty in the industrial sector due to Brexit may lead to a moderate product demand over the forecast period. UK’s industrial sector bounced back to growth in the last three years, helped by a resurgence in oil and gas production and steadily improving factory output.
The likelihood of higher rates will persuade some investors to move away from equity markets in favor of bond markets, which are considered safer, but have offered poor returns in recent years while interest rates have remained low. Recovery of the overall economy is further expected to drive Gypsum board market growth over the next seven years.
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Gypsum Board Market Scope
Gypsum Board Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK gypsum board market size, by product, 2018-2030 (US$M)
UK Gypsum Board Market Outlook Share, 2023 & 2030 (US$M)
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