Global Gypsum Board Market Research Report, 2029

Global Gypsum Board Market Research Report, 2029

Actual Market Research 30-04-2024 152 Pages Figures : 38 Tables : 58 Region : Global Category : Manufacturing & Industry Construction & Building Materials

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1. Sofidel Group

2. Milliken & Company

3. Armstrong Flooring, Inc.

4. Compagnie de Saint-Gobain S.A.

5. Ahlstrom-Munksjo Oyj


Gypsum board, also known as drywall, plasterboard, or wallboard, is a construction material that is widely used in modern buildings for creating interior walls and ceilings. It has become the standard choice for interior finishing due to its affordability, ease of installation, versatility, and fire-resistant properties. Gypsum board is composed of a core made from gypsum, a soft sulfate mineral, sandwiched between two sheets of thick paper or other facing materials. The gypsum core is treated with additives to enhance its strength, moisture resistance, and fire resistance. The board is available in various thicknesses, typically ranging from 6.4mm to 15.9mm, depending on the application and building codes. Gypsum board is used primarily for creating interior walls and ceilings in residential, commercial, and institutional buildings. It serves as a surface for painting, wallpapering, or applying other finishes. Additionally, gypsum board is used for creating decorative elements such as arches, columns, and coffered ceilings. Specialized types of gypsum board, such as moisture-resistant and fire-resistant varieties, are available for use in areas like bathrooms, kitchens, and garages. Gypsum board comes in different types tailored for specific applications. Regular gypsum board offers inherent fire resistance, while Type X gypsum board is enhanced with special core additives for increased fire resistance. These boards are used for a variety of purposes, including wall and ceiling surfaces, base for tiles, exterior sheathing, and fire-resistant layers in buildings. Gypsum board possesses several key properties that make it a preferred building material. Firstly, its fire-resistant nature is a standout feature, as gypsum boards prevent the spread of fire due to the chemically bound water within the gypsum core. Additionally, gypsum offers thermal properties that help regulate humidity and temperature, contributing to energy efficiency in buildings. Moreover, the acoustic properties of gypsum boards make them ideal for sound isolation, absorbing sound and reducing reverberation. As the construction industry becomes more environmentally conscious, the recycling of gypsum board has become a growing trend. Many manufacturers now offer recycled gypsum board products, and recycling programs for used boards are becoming more common. This aligns with the industry's sustainability goals and supports the continued popularity. According to the research report, “Global Gypsum Board Market Research Report, 2029” published by Actual Market Research, the market is anticipated to cross USD 100 Billion by 2029, increasing from USD 54.26 Billion in 2023. The market is expected to grow with 12.23% CAGR by 2024-29. The construction industry is a key driver of gypsum board demand. As the global population continues to grow, the need for residential, commercial, and institutional buildings are increasing. Urbanization and infrastructure development projects contribute to the demand for gypsum board, as it is a cost-effective and versatile material for interior construction. Gypsum board is an affordable material, making it an economical option for large-scale construction projects. It is more budget-friendly than other alternatives, such as plaster, and its ease of installation reduces labor costs. Builders and contractors prefer using gypsum board for its overall cost savings. The material is lightweight and can be easily cut to size, making it simple to handle and install. Additionally, the process of attaching, taping, and mudding gypsum board is straightforward, allowing for efficient construction timelines. Gypsum board's inherent fire-resistant properties make it a preferred choice for interior construction. The gypsum core contains water molecules, which, when exposed to heat, release water vapor and help slow the spread of fire. This characteristic enhances building safety and compliance with fire safety regulations. Gypsum board provides a level of sound insulation, reducing noise transmission between rooms. This makes it a desirable material for both residential and commercial projects, where noise control is essential for comfort and productivity. Advancements in gypsum board technology have led to the development of specialized products such as moisture-resistant, mold-resistant, and impact-resistant boards. These innovations expand the range of applications for gypsum board, allowing it to be used in areas such as bathrooms, kitchens, and high-traffic spaces. It offers aesthetic versatility, providing a smooth, even surface that can be finished with a variety of paints, wallpapers, and textures. This flexibility allows designers and architects to achieve different visual effects and create customized interior spaces. Market DriversUrbanization and Population Growth: The ongoing trend of urbanization and population growth is one of the major drivers of gypsum board demand. As more people move to urban areas, the need for housing, commercial spaces, and infrastructure increases. Gypsum board is a key material in the construction of these buildings due to its affordability, versatility, and fire-resistant properties. Additionally, urbanization often requires rapid construction, making gypsum board's ease of installation a crucial advantage. • Sustainability and Green Building Initiatives: Sustainability and green building initiatives are increasingly influencing the construction industry. Gypsum board manufacturers are responding to this demand by offering products that incorporate recycled materials and have lower environmental impact. Gypsum board's recyclability and potential for reduced energy consumption in production align with the goals of green building certifications, such as LEED. As sustainable construction practices gain prominence, the demand for gypsum board as an eco-friendly material continues to grow. Market ChallengesEnvironmental Concerns: Although gypsum board can be recycled, its production and disposal can still pose environmental challenges. The extraction of gypsum and the manufacturing process consume energy and water resources, contributing to a larger carbon footprint. Additionally, disposing of used gypsum board in landfills can lead to potential leaching of sulfur compounds, which can negatively impact soil and water quality. Addressing these environmental concerns is a challenge for the industry and requires a focus on sustainable production and disposal methods. • Raw Material Availability and Price Fluctuations: Gypsum board relies on gypsum, a natural mineral, as its primary raw material. Fluctuations in gypsum availability and price can impact the cost of gypsum board production. Factors such as mining regulations, transportation costs, and supply chain disruptions can influence gypsum supply and pricing, posing a challenge for gypsum board manufacturers and construction companies that rely on consistent and affordable access to the material. Market TrendsInnovative Product Development: One emerging trend in the gypsum board industry is the development of innovative products that cater to specific needs and applications. Examples include moisture-resistant gypsum board for use in bathrooms and kitchens, mold-resistant gypsum board for humid environments, and impact-resistant gypsum board for high-traffic areas. These specialized products expand the range of applications for gypsum board and provide solutions to specific construction challenges. • Digitalization and Automation in Construction: The construction industry is increasingly adopting digital technologies and automation, which is impacting the way gypsum board is installed and finished. Building Information Modeling (BIM) software allows for precise planning and installation of gypsum board, reducing waste and improving efficiency. Robotics and automated equipment are also being developed to assist with the installation of gypsum board, potentially speeding up construction timelines and reducing labor costs. Wallboard is leading in the gypsum board industry due to its versatility and ease of installation, which makes it the preferred choice for creating interior walls and ceilings in modern construction projects. Wallboard, also known as gypsum board, has become the standard material for creating interior walls and ceilings in residential, commercial, and institutional buildings. This dominance can be attributed to several key factors that make wallboard an exceptional construction material, suitable for a wide range of applications. Wallboard offers unparalleled versatility, allowing for seamless installation in various types of projects. Whether the goal is to create simple, flat walls or more complex architectural features such as arches, niches, or coffered ceilings, wallboard can be easily cut, shaped, and installed to meet the desired design. Its compatibility with a wide variety of finishes—such as paint, wallpaper, and textured coatings—further enhances its aesthetic appeal and flexibility. The ease of installation is another major reason for wallboard's leading position in the industry. Wallboard is lightweight and can be easily maneuvered and cut to size on-site, simplifying the installation process. This ease of handling reduces the need for specialized labor, streamlining construction timelines and minimizing labor costs. Moreover, wallboard is attached to framing using common tools such as screws or nails, and seams can be finished with tape and joint compound for a smooth, seamless appearance. In addition to its versatility and ease of installation, wallboard offers excellent fire-resistant properties. The gypsum core contains water molecules, which are released as steam when exposed to heat. This process helps to slow the spread of fire and protect structural elements, contributing to safer building environments. Wallboard also provides a level of sound insulation, reducing noise transmission between rooms and enhancing overall comfort for occupants. Another significant advantage of wallboard is its cost-effectiveness. The material itself is relatively affordable, and its ease of installation further reduces labor costs. These factors make wallboard an economical choice for builders and contractors, particularly for large-scale projects where budget considerations are paramount. Wallboard's environmental impact is also worth noting. While there are concerns about the energy and resources used in its production and disposal, the industry is taking steps to mitigate these issues. Many manufacturers now offer wallboard products that incorporate recycled materials, and recycling programs for used wallboard are becoming more common. This focus on sustainability aligns with the growing demand for eco-friendly construction materials and practices. Furthermore, ongoing advancements in wallboard technology continue to expand its applications and improve its performance. Innovations such as moisture-resistant, mold-resistant, and impact-resistant wallboard cater to specific needs in different environments, making wallboard an even more versatile material. The residential sector leads the gypsum board industry due to the material's affordability, versatility, and ease of installation, making it the preferred choice for efficient and aesthetically pleasing interior wall and ceiling construction in homes. The residential sector plays a pivotal role in driving the gypsum board industry, as it is the primary market for the use of gypsum board in interior construction. This dominance is fueled by several key factors that make gypsum board a highly attractive choice for home builders and contractors. Compared to alternative materials like plaster or wood paneling, gypsum board offers a cost-effective solution for creating interior walls and ceilings. The relatively low cost of the material itself, combined with its quick installation process, helps keep construction budgets manageable and allows for efficient completion of residential projects. The versatility of gypsum board further cements its status as the go-to material in residential construction. Gypsum board can be easily cut to size and shaped to fit various architectural designs and layouts, whether it's creating flat walls, vaulted ceilings, or decorative features such as arches and niches. This adaptability enables architects and interior designers to achieve a wide range of aesthetic effects and customized interior spaces that cater to homeowners' preferences. Gypsum board is lightweight and can be quickly installed by a relatively small crew, reducing labor costs and streamlining construction timelines. The process involves attaching the boards to framing with screws or nails, followed by taping and mudding the seams for a smooth finish. This efficient installation process allows for faster project completion, minimizing disruptions for homeowners. The material's fire-resistant properties also make gypsum board an essential component of residential construction. Gypsum board's core contains water molecules that are released as steam when exposed to heat, helping to slow the spread of fire and enhance building safety. This characteristic is particularly important in residential settings, where protecting lives and property is of utmost concern. Gypsum board's ability to provide sound insulation is another key factor in its popularity in the residential sector. By reducing noise transmission between rooms and from the outside environment, gypsum board contributes to a more comfortable and peaceful living space for residents. Furthermore, the industry has responded to the specific needs of the residential market by offering specialized gypsum board products. These include moisture-resistant gypsum board for use in bathrooms and kitchens, mold-resistant board for damp areas, and impact-resistant board for high-traffic spaces. Such innovations address common challenges in residential construction and enhance the material's appeal. The residential sector's focus on sustainability has also influenced the industry. The Asia-Pacific region leads the gypsum board industry due to rapid urbanization and population growth, which drive the construction of residential and commercial buildings and infrastructure projects, thereby increasing the demand for affordable and versatile construction materials such as gypsum board. The Asia-Pacific region's dominance in the gypsum board industry is primarily attributed to its rapid urbanization and population growth, which are fueling an unprecedented demand for new construction projects across residential, commercial, and infrastructure sectors. This demand for construction materials has positioned gypsum board as a key player in the region, as it offers a combination of affordability, versatility, and efficiency that aligns with the region's fast-paced development. Urbanization in the Asia-Pacific region has been occurring at a swift pace, with millions of people migrating from rural areas to cities in search of better opportunities. This population shift has led to a surge in the construction of new residential buildings to accommodate the growing urban population. Gypsum board's affordability and ease of installation make it an ideal choice for constructing interior walls and ceilings in these new housing projects. Moreover, the Asia-Pacific region's economic growth and industrialization have spurred the development of commercial buildings and infrastructure projects such as offices, shopping malls, transportation hubs, and industrial complexes. These projects require vast amounts of construction materials, including gypsum board, to meet the demand for modern and efficient interior spaces. Gypsum board's fire resistance and sound insulation properties make it particularly appealing for such large-scale projects, as it enhances safety and comfort for occupants. The region's construction boom is also influenced by government initiatives to improve infrastructure and housing. Many countries in the Asia-Pacific region have launched ambitious programs to upgrade existing infrastructure, build new transportation networks, and provide affordable housing for their citizens. These initiatives further drive the demand for gypsum board, as it is a versatile and cost-effective material that can be used in a variety of construction applications. Another contributing factor to the region's leading position in the gypsum board industry is the increasing adoption of green building practices. • Feb-2024: Saint-Gobain Group has completed the acquisition of International Cellulose Corporation, a manufacturer of commercial specialty insulation products. Through this acquisition, International Cellulose Corporation will strengthen the position of Saint-Gobain in light and sustainable construction with its fireproofing and insulation solutions. Additionally, it will enhance energy conservation and efficiency in commercial spaces. • Dec-2023: Saint-Gobain Group has unveiled a range of products, including gypsum walboards. The product lineup consists of 'Habito Standard,' a gypsum wallboard engineered for heavy loading purposes; 'Rigiroc,' a versatile moisture-resistant board; and 'Glasroc X,' a wallboard ideal for exterior applications. • Nov-2023: United Mining Industries Limited (UMI) has signed a contract agreement with Gypsum Technologies Inc. (Gyptech), a company involved in the design and construction of wallboard equipment and services. Through this agreement, UMI will supply an additional production line to increase the capacity of the gypsum board factory in Yanbu. • Oct-2023: Etex NV, a building material manufacturer, has signed an agreement with BGC, an Australian construction company. Under this agreement, Etex will acquire the plasterboard and fiber cement businesses of BGC Australia. Additionally, it will allow Etex to expand its footprints in Australia, with significant growth opportunities. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Gypsum Board market Research Report with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product • Wallboard • Ceiling Board • Pre-decorated Board • Others By Application • Residential • Industrial • Commercial • Others (Pre-Engineered metal building and Institutional) The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Gypsum Board industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.

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