U.S. Gypsum Board Market Size & Outlook, 2023-2030
U.S. gypsum board market, 2018-2030 (US$M)
Related Markets
U.S. gypsum board market highlights
- The U.S. gypsum board market generated a revenue of USD 15,610.8 million in 2023 and is expected to reach USD 28,710.0 million by 2030.
- The U.S. market is expected to grow at a CAGR of 9.1% 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 15,610.8 million |
| Market revenue in 2030 | USD 28,710.0 million |
| Growth rate | 9.1% (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, U.S. accounted for 27.9% 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 North America, U.S. gypsum board market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 20,635.4 million by 2030.
Wallboard was the largest segment with a revenue share of 49.54% in 2023. Horizon Databook has segmented the U.S. 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 U.S. gypsum board is expected to witness sustainable growth over the forecast period owing to the growth in the construction sector in the country. Increased demand for energy-efficient construction solutions is one of the primary factors driving the market growth.
In addition, increased incidents of natural calamities, including hurricanes and wildfires, hitting different parts of the U.S. is anticipated to have a positive effect on the construction sector in the country, thereby driving the demand for gypsum board over the forecast period.
However, the current coronavirus outbreak in the country has locked down the manufacturing and construction activities, thus, hampering the demand for gypsum boards. Increasing awareness regarding sustainable construction is expected to boost the demand for gypsum boards over the forecast period.
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Gypsum Board Market Scope
Gypsum Board Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. gypsum board market size, by product, 2018-2030 (US$M)
U.S. Gypsum Board Market Outlook Share, 2023 & 2030 (US$M)
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