Drywall and Gypsum Board Market size Size, Share, Growth, and Industry Analysis, By Type (Wallboard & Ceiling Board), By Application (Residential & Non-residential), and Regional Forecast to 2033

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DRYWALL AND GYPSUM BOARD MARKET SIZE OVERVIEW

The global Drywall and Gypsum Board Market size was valued at approximately USD 50 billion in 2024 and is expected to reach USD 90 billion by 2033, growing at a compound annual growth rate (CAGR) of about 6.5% from 2025 to 2033.

The drywall and gypsum board industry has reportedly grown steadily over the years, with a concurrent increase in construction activities across all sectors, particularly residential, commercial, and industrial. Gypsum boards are extensively used because they are economical, strong, and easy to install in contrast to traditional methods of plastering. A chosen product for modern infrastructures, these also include fire and sound resistance. Rising urbanization, especially in developing economies, with government initiatives for sustainable and energy-efficient buildings, is further boosting the market. The latest breakthroughs in gypsum recycling and environment friendly alternatives have provided a more sustainable regime and security against long-run threats to the industry.

COVID-19 IMPACT

"Drywall and Gypsum Board Market size Had a Positive Effect Due to the COVID-19 Pandemic"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic gave rise to both hopeful optimism and dark despair in the drywall and gypsum board markets. At the onset of the virus, demand witnessed a drastic decline due to supply chain disruptions, acute labor shortages, and halted construction activities. With easing lockdown restrictions, however, the market witnessed a huge rebound, especially with the trend for renovations and remodels. Furthermore, the demand for drywall and gypsum boards has been fueled by the pandemic's further prodding of prefabricated and modular construction methods, considering the lightweight and easy-to-install characteristics of these items. Infrastructure development stimulus packages across different countries have also contributed to better stabilizing or even improving the market in the long term.

LATEST TREND

"Rise of Eco-Friendly and Recyclable Gypsum Boards is Driving the Drywall and Gypsum Board Market size"

Sustainability is going to be a major trend in the drywall and gypsum board marketplace, where manufacturers will concentrate on making these products more eco-friendly due to stringent environmental regulations. Development will be made on gypsum boards with recycled content as more emphasis is placed on carbon footprint minimization. Low-VOC options in drywall are also gaining momentum, especially in places like North America and parts of Europe where building codes tend to be stricter. The increasing trend toward green buildings and energy-efficient construction has given a further boost to such innovations, with companies investing in advanced manufacturing technologies for a sustainable product portfolio.

DRYWALL AND GYPSUM BOARD MARKET SIZE SEGMENTATION

By Type

Based on type, the global market can be categorized into Wallboard & Ceiling Board

• Wallboard: Wallboard, often referred to as drywall or plasterboard, is the most widely used gypsum-based building material. It is used primarily for interior walls and ceilings in residential as well as commercial building applications. The low cost, fast installation time, and smooth surface that these boards provide for painting and decoration are among their most prominent advantages. With demand swelling for light-weight and fire-proof building materials, these wallboards are finding greater numbers in various mega construction projects and also in home refurbishment activities.

• Ceiling Board: These boards are designed solely for ceiling applications, with good acoustic qualities and appearance. They block noise from above, making them suitable for use as fit-out products in offices, schools, and hospitals, where sound-proofing is imperative. Variants that are fire- and moisture-resistant are also available, therefore making them suited in highly humid environments such as kitchens and bathrooms. Demand over the last few years has significantly increased, which is mainly driven by commercial construction as well as an increase in aesthetically designed interiors.

By Application

Based on application, the global market can be categorized into Residential & Non-residential

• Residential: The residential segment is one of the most important segments due to urbanization, increase in disposable income, and more increase in homeownership penetration. Again, the new modern housing projects are focused on saving energy and speedy construction, which makes drywall completely important. In addition to that, increased demands for revamping and renovation activity, especially in developed economies, are also adding to the gypsum board sales. Demand for drywall solutions is even augmented by the popularity of a smart home and contemporary interior design.

• Non-residential: Non-residential buildings include commercial space, office building, hotels, hospitals, places of learning, and industrial facilities. The need for fire-resistant, soundproof, and durable building materials further increases the demand for drywall and gypsum boards in this segment. Public and private investors are heavily investing in commercial real estate, and that raises the construction material demand in the gypsum segment. The establishment of shopping malls, corporate offices, and public infrastructure projects has further consolidated the market in this segment.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities, and challenges stating the market conditions.

Driving Factors

"Rapid Urbanization and Infrastructure Development are driving market growth significantly"

Urbanization processes supported by the rising global population call for the creation of new residential and commercial places. This has prompted governments worldwide to invest in infrastructure projects such as airports, highways, and smart cities that increase the demand for drywall and gypsum boards. As drywall and gypsum boards are non-combustible and light in weight, they provide an alternative to conventional building materials with safety and convenience. Drywall and gypsums are increasingly being accepted due to their easy installation and adaptability to different architectural designs.

Restraining Factor

"Fluctuating Raw Material Prices Limit the Growth of the Drywall and Gypsum Board Market size"

One of the insistent challenges in the drywall and gypsum board market has been the erratic pricing of raw materials. Gypsum, the prime ingredient for drywall, is a mineral whose availability and price depend on geological reserve characteristics, mining regulations, and international trade policy factors. Similarly, the fibers and other additives used for gypsum board manufacture also get entangled in supply chain constraints, thereby influencing an upward cost trend. Transportation cost contributes meaningfully to price rise fluctuations, as the shipment of gypsum from the mines to the manufacturing plants and from there to the end consumers is contingent upon fuel costs and efficient logistics. Plus, these energy-intensive production processes of gypsum board contribute to the unpredictability of the costs since the variable prices of electricity and natural gas have a sharp bearing on the cost of production.

Opportunity

"Rising Demand for Prefabricated Construction creates opportunities for growth"

A big opportunity for the drywall and gypsum board market growth prevails with the incurrence of prefabrication and modular construction methods. Prefabrication means that building components are manufactured off-site and assembled on site, hence saving much time as well as costs. Gypsum boards assume a very vital function in this regard as they are light and easy to handle and are very quick in the process of installation, making perfect sense for the prefabricated wall and ceiling types. The interactions between construction labor shortages, wage increases, and manufacturing efficiency are beginning to come into sharp focus-because the very fast completion of projects is now an urgent requirement, especially in urban contexts, namely involving high-rise developments of both residential and commercial natures. Moreover, many governments across the world are favoring prefabricated housing designs as solutions for tackling housing shortages and affordability issues.

Challenge

"Environmental Concerns and Waste Disposal Issues encountered in the Drywall and Gypsum Board Market size"

Most gypsum board manufacturers always refer to gypsum board as an eco-friendly material, as it can be recycled. However, the industry still suffers from an impact because of an unscientific disposal system for the waste from this material. When discarded in a landfill, gypsum board waste becomes a source of poisonous hydrogen sulfide gas, which pollutes the environment. The other critical issue about landfilling of gypsum is sustainability and resource management, which makes stricter regulations accrue to the government on construction waste disposal. Although many manufacturers are putting their best effort in gypsum recycling, the physical infrastructure for a wide scale recycling system is still poorly developed in many areas which in turn restrict the possibility of efficient waste management.

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DRYWALL AND GYPSUM BOARD MARKET SIZE REGIONAL INSIGHTS

• North America

As in the North America region, the majority of Europe is in the league of top players in the drywall and gypsum board segments internationally. This is due to a highly formed construction industry, as well as building codes related to fire prevention, energy performance, and sustainability. The key reference point in this market growing up in the USA is the increase in demand for drywall materials during renovation activities in households and in significant infrastructure projects. Other end consumers are well-established manufacturers with large distributions and continued advancement in material technology in the United States Drywall and Gypsum Board Market. There are also government policies that enhance green building initiatives such as the Leadership in Energy and Environmental Design (LEED) certification program and encourage adoption of eco-gypsum boards.

• Europe

Europe is one of the global leaders in the drywall and gypsum board segments, along with North America. In particular, the robust construction industry that characterizes the regions is due to firewall requirements, energy performance, and sustainability. The main driver for this market in the USA is a growing demand for drywall materials in residential renovations and vast infrastructure projects. Other end consumers include well-established manufacturers, large distribution networks, and ongoing advancement of material technology in the U. S. Drywall and Gypsum Board Market. There are also government policies that enhance green building initiatives such as the Leadership in Energy and Environmental Design (LEED) certification program and encourage adoption of eco-gypsum boards.

• Asia

With its rapid urbanization, industrialization, and government-sponsored infrastructure development projects, the Asia-Pacific region is emerging as one of the fastest growing in terms of drywall and gypsum board market share. The construction boom in countries like China, India, Indonesia, and Vietnam starts with a growing number of residential, commercial, and industrial projects that are supported by cost-effective and efficient building construction materials. The increasing disposable income of the middle class and a growing preference for modern interiors also contribute to the demand for drywall and gypsum boards in the residential sector. Additionally, foreign investment in the property market and the development of smart cities are propelling the adoption of drywall solutions.

KEY INDUSTRY PLAYERS

"Key industry players drive Drywall and Gypsum Board Market size growth through innovation"

Market for gypsum boards and drywall products are very competitive because all the important players are investing in innovation, environment sustainability, and even collaboration. They are investing to enhance their global presence. Some of these top competitors include Taishan Gypsum Co, Etex Group, Winstone Wallboards Limited, and Yoshino Gypsum Co., Ltd. They provide advanced developments in gypsum board technologies to have fire resistivity, durability, and eco-friendliness.

List of Top Drywall And Gypsum Board Companies

• Taishan Gypsum Co. (China)
• Etex Group (Belgium)
• Lafarge Group (France)
• Winstone Wallboards Limited (New Zealand)
• Yoshino Gypsum Co., Ltd (Japan)

KEY INDUSTRY DEVELOPMENTS

"Key industry developments enhance Drywall and Gypsum Board Market size growth through innovation"

March 2022: Etex Group extended its sustainable vision and footprint when it acquired URSA, the Spain-based manufacturer of gypsum board, and is specialized in energy-efficient insulation application solutions. This acquisition fortified Etex's position all the more firmly in the European market and aligned with the long-term vision on sustainable construction practices. This acquisition facilitated expansion for Etex in the environmentally friendly gypsum board area, which fulfills demanding energy efficiency criteria. Combining the knowledge of URSA for insulation and the technology of Etex for gypsum boards perfected the company as a leader in green buildings application solutions.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies, and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.