Drywall and Gypsum Board Market

Growing construction industry is driving the market growth

Market CAGR for drywall and gypsum board is being driven by the rising construction activities. Due to its qualities including fire resistance, acoustic attenuation, and durability, gypsum board is a material that is frequently utilized in the building sector. It is primarily used as the surface layer of interior walls and ceilings, as a base for ceramic, plastic, and metal tiles, for exterior soffits, for elevator and other shaft enclosures, as area-separation walls between building units, and to protect structural elements from fire. It was developed through modern technology to meet specific requirements.

When the foil surface is put against the framing, the aluminum foil backing on the majority of gypsum boards acts as an efficient vapor retarder for exterior walls.

Gypsum market growth is primarily being fueled by expanding home construction trends, rapid urban migration in key economies, higher government investment in residential real estate, and rising demand for upscale residential properties. In addition, rising real estate expenses, particularly in creating single-family homes and multistory apartments in emerging economies, are a major factor driving the gypsum industry. The market is growing as a result of the soaring demand for housing and the quickly growing urban population.

Gypsum board market growth in recent years has been fueled by technological advancements and the creation of inventive production procedures by key industry participants. Gypsum Sustainability Action Plan was developed by the Plasterboard Sustainability Partnership (PSP) to encourage the enhancement of the environmental performance of various gypsum board products over the course of their lifecycle. Thus, driving the Drywall and Gypsum Board market revenue.

The Global Drywall and Gypsum Board Market Industry experiences robust growth due to the rising number of construction projects worldwide. As urbanization accelerates, particularly in developing regions, the demand for residential and commercial buildings surges. In 2024, the market is valued at approximately 33.8 USD Billion, reflecting the industry's response to increased construction activities. Governments are investing in infrastructure development, which further propels the need for drywall and gypsum board products. This trend is expected to continue, with projections indicating a market value of 63.5 USD Billion by 2035, driven by a compound annual growth rate of 5.9% from 2025 to 2035.

Sustainability trends significantly influence the Global Drywall and Gypsum Board Market Industry, as consumers and builders increasingly prioritize eco-friendly materials. Gypsum board products are often manufactured using recycled materials and are recyclable themselves, appealing to environmentally conscious stakeholders. This shift towards sustainable construction practices is likely to enhance the market's growth, as regulations and standards evolve to favor green building materials. The industry's adaptation to these trends not only meets consumer demand but also aligns with global initiatives aimed at reducing carbon footprints. Consequently, the market is poised for expansion as more builders adopt sustainable practices.

Technological innovations play a crucial role in shaping the Global Drywall and Gypsum Board Market Industry. Advances in manufacturing processes enhance product quality and reduce production costs, making drywall and gypsum board more accessible to builders. Automation and improved machinery contribute to increased efficiency, allowing manufacturers to meet rising demand without compromising quality. As the industry embraces these technological advancements, it is likely to witness a surge in productivity and profitability. This trend aligns with the overall growth trajectory of the market, which is projected to reach 63.5 USD Billion by 2035, driven by a CAGR of 5.9% from 2025 to 2035.

The Global Drywall and Gypsum Board Market Industry is increasingly influenced by heightened awareness of fire safety regulations. As building codes evolve to prioritize safety, the demand for fire-resistant drywall products rises. Gypsum board, known for its fire-resistant properties, becomes a preferred choice among builders and architects. This trend is particularly relevant in commercial and high-rise residential buildings, where safety standards are stringent. The industry's responsiveness to these regulations not only enhances product offerings but also drives market growth. As safety becomes a focal point in construction, the demand for specialized drywall products is expected to increase, further supporting the market's expansion.

The Global Drywall and Gypsum Board Market Industry benefits from the increasing popularity of prefabricated construction methods. Prefabrication allows for faster construction timelines and reduced labor costs, making it an attractive option for builders. As more projects adopt this approach, the demand for drywall and gypsum board products rises, as these materials are integral to the prefabrication process. This trend is particularly evident in commercial construction, where speed and efficiency are paramount. The industry's ability to adapt to these changing construction methodologies positions it for sustained growth, contributing to the projected market value of 63.5 USD Billion by 2035.

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Drywall and Gypsum Board market area will dominate this market, owing to an increase in the number of persons affected by cardiovascular devices and obesity. Short-term market growth is primarily being driven by expanding product demand for residential development along with rising repair activity across North America.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: DRYWALL AND GYPSUM BOARD MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Europe Drywall and Gypsum Board market accounted for the second-biggest market share due to the increasing applications across end-use industries such as residential and commercial sectors. Further, the German Drywall and Gypsum Board market held the biggest market share, and the UK Drywall and Gypsum Board market was the fastest growing market in the European region

The Asia-Pacific Drywall and Gypsum Board Market is expected to grow at the quickest CAGR from 2023 to 2032. Gypsum boards are in high demand in the region's construction markets for residential and commercial projects. Moreover, China’s Drywall and Gypsum Board market held the largest market share, and the Indian Drywall and Gypsum Board market was the fastest growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Drywall board and Gypsum Board, grow even more. Market players are also adopting a variety of strategies to extend their presence, with important market developments including new product innovations, contracts & agreements, mergers &s acquisitions, higher investments, and collaboration with other similar organizations. To expand and survive in a more competitive and rising market climate, the Drywall and Gypsum Board industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Drywall and Gypsum Board industry to benefit clients and increase the market sector. In recent years, the Drywall and Gypsum Board industry has offered some of the most significant advantages to medicine. Major players in the Drywall and Gypsum Board market, including USG Zawawi Drywall LLC SFZ (Oman), Knauf Middle East (Dubai), Gypsemna Co. LLC (Dubai), Mining Co.

LLC (Oman), Gulf Gypsum Co.  (Qatar), National Gypsum Co. (U.S.), Etex Group (Belgium), Lafarge Group (France), Saint - Gobain Gyproc India Ltd (India), Taishan Gypsum Co. (China), Yoshino Gypsum Co. Ltd. (Japan.), Kingspan Group plc. (Ireland), Winstone Wallboards Limited (New Zealand), Supress Products, LLC (U.S.), Gyptec Iberica (Portugal), and others, are attempting to increase market demand by investing in research and development operations.

Compagnie de Saint-Gobain (Saint-Gobain) manufactures building materials and construction-related products. Its product line includes a range of plastics, pipelines and associated goods, building supplies, gypsum, industrial mortar, roofing, and exterior wall products. Additionally, the business sells performance polymers, glass textiles, and mineral ceramics. These products are marketed by the company under a number of names, including ADFORS, British Gypsum, Saint-Gobain Gla, and Isover. The automotive, aerospace, health, defense, energy, security, and food and beverage industries all use Saint-Gobain products.

In October 2022, A circular economy effort has been started by Saint-Gobain North America in partnership with three New York partner companies through its building materials subsidiary business unit CertainTeed Gypsum. At its facility in Buchanan, New York, the company has started recovering leftover gypsum wallboard and utilizing the leftovers as raw materials for new products.

Gypsum-based systems, insulating materials, molded parts, packaging, construction tools, and chemicals for the building industry are all produced by Knauf on a scale. The business sells shield boards, floor screed, floor systems, gypsum plasters, tile backing boards, and other related goods. In April 2019, Nearly 17 months after first signaling its interest in doing so, Knauf purchased USG. According to Ken Long, manager of construction industry studies at the Freedonia Group, "The deal had a long gestation period, but the end result is a company that will be a plasterboard industry giant."