Syndicated Research Studies

The global gypsum board market size was estimated at USD 55.91 billion in 2023 and is projected to reach USD 127.06 billion by 2030, expanding at a CAGR of 12.7% from 2024 to 2030. Market growth is driven primarily by rising residential and commercial construction spending in developing Asia Pacific economies including China, India, and Indonesia, supported by robust regional economic performance. In the U.S., the gypsum board market is expected to experience sustainable growth during the forecast period due to ongoing expansion in the construction sector. Increasing demand for energy-efficient building solutions is a major factor fueling market growth. Additionally, the rising frequency of natural calamities such as hurricanes and wildfires is expected to boost construction activities, further driving the demand for gypsum boards across the country. Developed regions including North America and Europe are likely to witness substantial growth, supported by the recovery of the housin...

Gypsum Board Industry Overview The global gypsum board market size was valued at USD 45.08 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 11.8% from 2021 to 2028.  Growing demand from the residential construction sector coupled with increasing consumer spending on advanced construction materials is expected to drive the product demand. The rapidly growing construction industry across the major economies, such as China, India, Brazil, Mexico, South Africa, and Russia, is expected to support the market growth. Moreover, the rising scope of innovative applications in the construction sector is likely to boost product demand. In the U.S., the market stood at USD 13.57 billion in 2020 and is anticipated to grow at a considerable CAGR over the forecast period. The growing construction industry and the rising demand for single-family and multi-family house constructions in the country are anticipated to augment the product demand over the forecast pe...