Gypsum Board Market Summary
As per Market Research Future Analysis, the Gypsum Board Market was valued at USD 57,218.73 million in 2023 and is projected to grow to USD 127,304.4 million by 2032, with a CAGR of 9.36% from 2024 to 2032. The growth is driven by rising consumer expenditure on innovative construction materials and increasing demand from both commercial and residential sectors. However, challenges such as extreme moisture exposure and rising temperatures may hinder growth. The COVID-19 pandemic significantly impacted the industry, causing interruptions in construction projects. Key players are focusing on R&D and sustainable solutions to enhance product offerings and address environmental concerns.
Key Market Trends & Highlights
Key trends influencing the Gypsum Board Market include rising construction activities and innovative product developments.
- Market Size in 2023: USD 57,218.73 million.
- Projected Market Size by 2032: USD 127,304.4 million.
- CAGR from 2024 to 2032: 9.36%.
- Major growth driven by increasing demand in residential and commercial sectors.
Market Size & Forecast
| 2023 Market Size | USD 57,218.73 million |
| 2024 Projected Market Size | USD 62,233.8 million |
| 2032 Projected Market Size | USD 127,304.4 million |
Major Players
American Gypsum, Certainteed, Georgia-Pacific, National Gypsum, Pabco Gypsum, Knauf, Dubai Etex Group, Gulf Gypsum, Taishan Gypsum, Lafarge.
