Gypsum-Fiber Board Market Size, Share, Growth, And Industry Analysis, By Type (Wood Fiber Type and Glass Fiber Type), By Application (For Walls, For Roofs and Other), Regional Insights, and Forecast To 2031

Updated On: 22 April 2024

Gypsum-Fiber Board Market Report Overview

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Gypsum-Fiber Board Market size is expected to grow from USD 2242 million in 2021 to USD 5556.19 million 2031 at a CAGR of 9.5% from 2021 to 2031. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Gypsum-fiber board, sometimes referred to as paperless drywall or fiber-gypsum board, is a kind of composite material created by combining gypsum with plant fibers such as wood or paper. The fibers are included in the gypsum mixture to improve the strength, longevity, and flexibility of the board. Due to its better strength and resistance to moisture than regular gypsum board, fiber board is frequently used in construction for interior walls and ceilings. The fibers aid in dampening noise transmission, making it a popular option for locations that need sound insulation.

The market for fiber boards is expanding as a result of various causes. Primarily since it incorporates recycled plant fibers, it is a more environmentally responsible and sustainable substitute for conventional plasterboard. Second, gypsum-fiber board is more resilient to impact and moisture than regular gypsum, making it the best choice for high-traffic areas and locations at risk of water damage. The demand for the board, which is renowned for its sound-absorbing qualities, has increased as a result of the growing attention being paid to sound insulation in buildings. As a result, it is anticipated that the market will grow during the coming years.

COVID-19 Impact: Delay in Deliveries of Materials Resulted in Numerous Construction Projects Being Abandoned

Building material supply chains, especially those for gypsum-fiber board, were hampered by the epidemic. As a result, there were delays in the production and delivery of the materials and higher expenses for the suppliers and manufacturers. As a result of numerous construction projects were delayed or abandoned due to economic uncertainties, the pandemic also resulted in a decline in demand for building materials, especially gypsum boards. In addition, the pandemic resulted in a labor shortage in the construction sector as a result of the absence of numerous workers owing to illness or quarantine procedures. As a result, construction projects were delayed and there was less of a need for building supplies.

Latest Trends

"Introduction of New Additives in the Boards Help to Minimize Sound and Enhance Speech Intelligibility"

The creation of goods that provide improved acoustic performance is one of the most recent advancements in the fiber gypsum board sector. Fiber gypsum board is a common choice for usage in settings such as theaters, recording studios, and classrooms thanks to the introduction of new formulations and additives by manufacturers that enhance the sound insulation capabilities of the material. For instance, some manufacturers are developing gypsum-fiber board products that more efficiently absorb and diffuse sound, minimizing echo and enhancing speech intelligibility, employing cutting-edge nanomaterials and micro-perforation technology.

Gypsum-Fiber Board Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into wood fiber type and glass fiber type.

• By Application Analysis

Based on application, the market can be divided into for walls, for roofs and other.

Driving Factors

"Growing Trend Towards Sustainable Building Techniques is Increasing the Demand for the Paperless Drywall "

Building practices that are environmentally friendly and sustainable are becoming more and more important to architects, contractors, and buyers. Fiber gypsum board is created from recycled paper and natural gypsum, making it a sustainable and environmentally beneficial product. The demand for gypsum-fiber board in the construction industry is being driven by the growing trend towards environmentally friendly and sustainable building techniques. Fiber board is a recommended option for builders who wish to meet green construction standards since it can help earn LEED certification.

"Affordable Alternative Compared to Conventional Materials make the Boards a Popular Choice Among Builders "

Compared to more conventional building materials consisting of concrete, brick, and stone, fiber boards are a more affordable option. It is lightweight and simple to assemble, which lowers labor costs and expedites construction. Additionally, gypsum-fiber board is a sturdy material that needs little upkeep, which translates to long-term cost savings for contractors and homeowners. Gypsum board is becoming more widely used in the building sector due to its affordability, particularly in developing nations where price is a major factor.

Restraining Factors

"Availability of Substitute Construction Materials Might Restrict the Fiber Market from Expanding"

The availability of substitute construction materials is one restraint on the gypsum-fiber board market growth. Depending on the needs of the project, there are a variety of other materials on the market that can be utilized for building, such as wood, metal, and concrete, which may occasionally be preferred over fiber board. Furthermore, the demand for gypsum boards may be impacted by the pricing and availability of these materials. For instance, if the cost of metal or wood falls sharply, builders might use those materials instead of the boards, which would reduce demand. The lack of consumer and builder knowledge about the advantages and applications of paperless drywall can potentially impede the market's expansion.

Gypsum-Fiber Board Market Regional Insights

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"Strict Building Norms in North America is Driving the Demand for the Gypsum Boards in the Region"

North America has dominated the gypsum-fiber board market share due to several factors such as the demand for gypsum boards has expanded as a result of the strict building norms and regulations in North America, which call for the use of fire- and sound-resistant materials. A large demand for building supplies, such as fiber boards, has been generated by North America's established and quickly expanding construction industry. As consumers and builders increasingly choose green building materials, the trend towards sustainable and eco-friendly building practices has gained traction in North America. Paperless drywall is a sustainable product created from recycled paper and natural gypsum, making it a desirable option for contractors trying to adhere to green building guidelines.

Key Industry Players

"Key Players are Focusing on R&D Initiatives to Gain Control of the Boards Industry"

Market participants for the gypsum-fiber board are using a variety of tactics to gain control of the industry, including growing their product portfolios, investing in R&D initiatives, and purchasing rival businesses to increase their market dominance. To meet the rising demand for green building materials, they are also concentrating on creating sustainable and environmentally friendly products. In addition, they are using technology to enhance production, boost effectiveness, and cut expenses. Market participants regularly participate in marketing and advertising activities to raise awareness of their goods and build their brands.

List of Market Players Profiled

• USG (U.S.)
• Saint-Gobain (France)
• Fermacell (The Netherlands)
• National Gypsum (U.S.)
• Knauf (Germany)
• Georgia-Pacific (U.S.)
• Continental BP (U.K.)
• Hengsheng Long (China)

Report Coverage

This report covers the gypsum-fiber board market. The CAGR expected to be in during the forecast period, and also the USD value in 2021 and what it is expected to be in 2031. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.