Global Gypsum and Drywall Market Size By Product Type, By Application, By End-User, By Geographic Scope And Forecast

Report ID: 387094|No. of Pages: 202

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Global Gypsum and Drywall Market Size By Product Type, By Application, By End-User, By Geographic Scope And Forecast

Report ID: 387094|Published Date: Feb 2024|No. of Pages: 202|Base Year for Estimate: 2023|Format:   Report available in PDF formatReport available in Excel Format

Gypsum and Drywall Market Size and Forecast

Gypsum and Drywall Market size was valued at USD 61.04 Billion in 2023 and is projected to reach USD 99.94 Billion by 2030, growing at a CAGR of 4.8% during the forecasted period 2024 to 2030.

Gypsum and Drywall Market is estimated to grow at a CAGR of 4.8% & reach US$ 99.94 Billion by the end of 2030

Global Gypsum and Drywall Market Drivers

The growth and development of the Gypsum and Drywall Market is attributed to certain main market drivers. These factors have a big impact on how Gypsum and Drywall are demanded and adopted in different sectors. Several of the major market forces are as follows:

  • Building and Real Estate Development: The main forces behind this are the strong expansions in the building and real estate industries. The demand for plasterboard and gypsum is influenced by the fact that these materials are necessary for industrial, commercial, and residential construction projects.
  • Urbanisation and Population expansion: In rising nations, rapid urbanisation and population expansion boost demand for housing and infrastructure, which in turn drives up consumption of plasterboard and gypsum products.
  • Renovation and Remodelling Activities: Gypsum and plasterboard are essential materials for interior construction and finishing, therefore ongoing renovation and remodelling activities, particularly in developed countries, fuel demand for them.
  • Benefits of Plasterboard: Due to its affordability, ease of installation, and adaptability in comparison to more traditional plaster-based wall solutions, plasterboard has become increasingly popular.
  • Green Building methods: Because gypsum is a naturally occurring material with recyclable qualities, there is a growing need for gypsum-based goods as sustainable and environmentally friendly building methods become more and more important.
  • Fire-Resistant Properties: Gypsum board is a recommended material for construction projects where fire safety is a top concern due to its fire-resistant qualities. Its acceptance in home and commercial applications is fueled by this attribute.
  • Sound Insulation Requirements: Gypsum-based materials, which provide efficient soundproofing solutions, are in high demand due to growing awareness of and adherence to sound insulation standards in construction projects.
  • Infrastructure Development Projects: The demand for gypsum and plasterboard in the public and private sectors is influenced by infrastructure development projects including building roads, bridges and public buildings.
  • Product Offering Innovation: Market expansion is facilitated by ongoing innovation in gypsum and plasterboard products, such as the creation of improved moisture- and fire-resistant boards and sustainable choices.
  • Strict Building laws and Regulations: The demand for gypsum and plasterboard is driven by strict building laws and regulations that require the use of specified materials with specific attributes, such as durability and fire resistance.

Global Gypsum and Drywall Market Restraints

The Gypsum and Drywall Market has a lot of room to grow, but there are several industry limitations that could make it harder for it to do so. It’s imperative that industry stakeholders comprehend these difficulties. Among the significant market limitations are:

  • Fluctuating Raw Material Pricing: The cost of gypsum, paper, and additives—raw materials used in the production of plasterboard and gypsum—may vary, which might have an effect on production costs and possibly market pricing.
  • Environmental issues: The energy-intensive nature of gypsum manufacturing and environmental issues around gypsum mining could result in more oversight and regulations, which would affect production methods and expenses.
  • Alternative Building Materials: The demand for gypsum and plasterboard may be hampered by the availability and uptake of alternative building materials or construction techniques, particularly in areas where alternatives are seen as more affordable or environmentally friendly.
  • The COVID-19 Pandemic’s Effect: The plasterboard and gypsum markets may have been temporarily impacted by the pandemic’s effects, which included labour shortages, supply chain disruptions, and economic uncertainty.
  • Regional Economic Downturns: Downturns in the economy in certain areas or nations can result in a decrease in building activity and, as a result, a decline in the market for plasterboard and gypsum products.
  • Regulatory Challenges: gypsum and plasterboard manufacturers may face compliance and adaptation issues as a result of changing building rules and regulations pertaining to environmental performance, fire safety, and other construction standards.
  • Limited Recycling Infrastructure: Efforts to promote sustainability and decrease waste in the sector may be hampered by limited infrastructure for the recycling of plasterboard and gypsum materials.
  • Transportation Costs and Logistics: Variations in transportation expenses can have an effect on the total cost of manufacturing and distribution, particularly when it comes to the long-distance transportation of plasterboard and gypsum products.
  • Dependency on Building Industry: The market for plasterboard and gypsum is highly dependent on the building sector, which leaves it vulnerable to downturns in construction activity brought on by external shocks or uncertain economic conditions.
  • Competitive Market Dynamics: Especially in areas with a large number of providers, fierce rivalry among plasterboard and gypsum producers may result in pressure on prices and lower profit margins.

Global Gypsum and Drywall Market Segmentation Analysis

The Global Gypsum and Drywall Market is Segmented on the basis of Product Type, Application, End-User, and Geography.

Gypsum and Drywall Market Segmentation Analysis

By Product Type

  • Gypsum Board (Drywall): Typical gypsum boards used in residential, commercial, and industrial construction for interior walls and ceilings.
  • Plasterboard: Specialty gypsum boards that have been given additional qualities, like resistance to fire, dampness, or soundproofing.

By Application

  • Residential Construction: Products like plasterboard and gypsum are utilised in the development of homes, flats and other residential structures.
  • Commercial Construction: Gypsum and plasterboard are used in office buildings, retail stores and lodging facilities, among other commercial structures.
  • Industrial Construction: Gypsum and plasterboard are used in warehouses and other industrial structures.

By End-User

  • New building: Products like plasterboard and gypsum are utilised in new building jobs.
  • Renovation and Remodelling: Using plasterboard and gypsum in renovation and remodelling projects for already-existing buildings.

By Geography

  • North America: Examining the market’s patterns and demand for plasterboard and gypsum in the region.
  • Europe: Analysis of consumer trends and market dynamics in the plasterboard and gypsum industry in Europe.
  • Asia-Pacific: An overview of the region’s plasterboard and gypsum markets, including any new developments.

Key Players

The major players in the Gypsum and Drywall Market are:

  • USG Corporation (US)
  • Knauf Group (Germany)
  • LafargeHolcim (Switzerland)
  • Saint-Gobain (France)
  • Etex Group (Belgium)
  • National Gypsum Company (US)
  • Beijing New Building Material (China)
  • PABCO Gypsum Inc. (US)
  • Tecni-Gypsum (Spain)
  • Georgia-Pacific LLC (US)

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2030

BASE YEAR

2023

FORECAST PERIOD

2024-2030

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

USG Corporation (US), Knauf Group (Germany), LafargeHolcim (Switzerland), Saint-Gobain (France), Etex Group (Belgium), National Gypsum Company (US), Beijing New Building Material (China), PABCO Gypsum Inc. (US), Tecni-Gypsum (Spain), Georgia-Pacific LLC (US)

SEGMENTS COVERED

Product Type, Application, End-User, and Geography

CUSTOMIZATION SCOPE

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.

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Research Methodology of Verified Market Research:

Research Methodology of VMR

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Customization of the Report

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Frequently Asked Questions

Gypsum and Drywall Market was valued at USD 61.04 billion in 2023 and is projected to reach USD 99.94 billion by 2030, growing at a CAGR of 4.8% during the forecast period 2024-2030

The driving factors of the Gypsum and Drywall Market include construction boom, urbanization, renovation demand, and sustainability initiatives.

The major players in the global Gypsum and Drywall Market are USG Corporation (US), Knauf Group (Germany), LafargeHolcim (Switzerland), Saint-Gobain (France), Etex Group (Belgium), National Gypsum Company (US), Beijing New Building Material (China), PABCO Gypsum Inc. (US), Tecni-Gypsum (Spain), Georgia-Pacific LLC (US)

The Global Gypsum and Drywall Market is segmented on the basis of Product Type, Application, End-User, and Geography

The sample report for the Gypsum and Drywall Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.

1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology

2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights

3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis

4 Gypsum and Drywall Market, By Product Type
• Gypsum Board (Drywall)
• Plasterboard

5 Gypsum and Drywall Market, By Application
• Residential Construction
• Commercial Construction
• Industrial Construction

6. Gypsum and Drywall Market, By End-User
• New building
• Renovation and Remodelling

7. Regional Analysis
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE

8. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market

9. Competitive Landscape
• Key Players
• Market Share Analysis

10. Company Profiles

• USG Corporation (US)
• Knauf Group (Germany)
• LafargeHolcim (Switzerland)
• Saint-Gobain (France)
• Etex Group (Belgium)
• National Gypsum Company (US)
• Beijing New Building Material (China)
• PABCO Gypsum Inc. (US)
• Tecni-Gypsum (Spain)
• Georgia-Pacific LLC (US)

11. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities

12. Appendix
• List of Abbreviations
• Sources and References

Report Research Methodology

Research methodology

Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.

This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.

We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:

Exploratory data mining

Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.

All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.

expert data mining

For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.

Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.

Data Collection Matrix

PerspectivePrimary ResearchSecondary Research
Supplier side
  • Fabricators
  • Technology purveyors and wholesalers
  • Competitor company’s business reports and newsletters
  • Government publications and websites
  • Independent investigations
  • Economic and demographic specifics
Demand side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customer

Econometrics and data visualization model

data visualiztion model

Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.

All the research models are customized to the prerequisites shared by the global clients.

The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.

Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.

Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.

Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:

  • Market drivers and restraints, along with their current and expected impact
  • Raw material scenario and supply v/s price trends
  • Regulatory scenario and expected developments
  • Current capacity and expected capacity additions up to 2027

We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.

Primary validation

The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.

The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.

primary validation

Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:

  • Established market players
  • Raw data suppliers
  • Network participants such as distributors
  • End consumers

The aims of doing primary research are:

  • Verifying the collected data in terms of accuracy and reliability.
  • To understand the ongoing market trends and to foresee the future market growth patterns.

Industry Analysis Matrix

Qualitative analysisQuantitative analysis
  • Global industry landscape and trends
  • Market momentum and key issues
  • Technology landscape
  • Market’s emerging opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2027
  • Market revenue estimates and forecasts up to 2027, by technology
  • Market revenue estimates and forecasts up to 2027, by application
  • Market revenue estimates and forecasts up to 2027, by type
  • Market revenue estimates and forecasts up to 2027, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Gypsum and Drywall Market

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