Gypsum & Drywall Market is Expected to grow at a robust CAGR of 6.15% through 2030F
The
increasing global gypsum & drywall market is driven by shift toward
lightweight and prefabricated drywall systems, rising integration of digital
construction technologies during the forecast period 2026-2030F.
According
to TechSci Research report, “Gypsum
& Drywall Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2030F”, The Global Gypsum & Drywall
Market was valued at USD 47.24 Billion in 2024 and is expected to reach USD
68.19 Billion by 2030 with a CAGR of 6.15% during the forecast period. One of
the significant trends in the global gypsum and drywall market is the growing
shift toward lightweight and prefabricated drywall systems. These systems offer
quick installation, cost-effectiveness, and labor efficiency, which are crucial
in modern construction environments. Contractors and developers are
increasingly favoring prefabricated solutions to meet tight construction
timelines and mitigate labor shortages. Lightweight drywall boards, which are
20-25% lighter than traditional gypsum boards, reduce handling efforts and
transportation costs.
The
use of prefabricated systems has increased by over 30% in the residential
segment between 2021 and 2024, driven by the need for faster project
completion. These systems also help in reducing on-site waste, making them more
environmentally sustainable—another factor contributing to their rising
popularity. Additionally, prefabricated gypsum boards are increasingly
integrated with smart building systems, providing additional utility beyond
structural or decorative purposes.
This
trend is particularly evident in North America and parts of Europe, where
modular construction is gaining traction in both residential and commercial
sectors. The trend is also penetrating emerging markets in Asia-Pacific, where
urbanization and government-led affordable housing schemes demand rapid
construction techniques. As global emphasis on sustainability and time
efficiency grows, lightweight and prefabricated drywall systems are poised to
become a standard solution in contemporary construction practices.
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Global Gypsum & Drywall Market"
Based
on product type, Gypsum Board is the fastest growing segment in the global Gypsum
& Drywall market during the forecast period, due to its versatility, ease
of installation, and increasing preference for modern construction techniques.
Gypsum boards, commonly referred to as drywall or plasterboard, are widely
utilized in both residential and commercial buildings for wall partitions,
ceilings, and other interior applications. Their growing adoption is driven by
the demand for quicker and more cost-effective building solutions, especially
in urban infrastructure and housing development.
One
of the primary reasons for their accelerated growth is the rising global trend
toward lightweight construction materials. Gypsum boards are lighter than
traditional construction materials like brick and concrete, making them easier
to transport and install, thus reducing labor and installation costs.
Additionally, their compatibility with modular and prefabricated construction
techniques has significantly contributed to their popularity among builders and
contractors aiming to meet tight project deadlines.
Another
key factor is their fire-resistant and sound-insulating properties, which align
with building codes and safety regulations in many countries. These features
are particularly critical in high-density urban developments, multi-family
housing, and commercial spaces. Moreover, gypsum boards offer a smooth finish for
painting or wallpaper application, making them a favorite for modern interior
aesthetics.
In
terms of sustainability, gypsum boards are increasingly manufactured using recycled
content, supporting the global push toward eco-friendly construction practices.
This has further improved their appeal in green building certifications such as
LEED.
Moreover,
the increasing penetration of gypsum boards in emerging markets—particularly in
Asia-Pacific and the Middle East—due to expanding urban populations and
supportive government policies for infrastructure development, is fueling
segment growth. As the construction industry evolves toward faster, safer, and
more sustainable practices, gypsum boards are positioned to be a vital
component in future building systems.
Based
on region, Asia Pacific is the fastest growing region in the Global Gypsum
& Drywall Market during the forecast period due to several key factors that
drive both construction and infrastructure development in this region. One of
the primary drivers is the rapid urbanization occurring across emerging
economies like China, India, and Southeast Asian nations. With populations
increasingly migrating to urban areas, the demand for residential and
commercial buildings has surged, leading to a higher need for efficient,
cost-effective building materials such as gypsum boards and drywall products.
In
countries like India and China, the construction boom has been fueled by
government initiatives and investments in infrastructure. These nations have
rolled out large-scale housing projects, commercial complexes, and public
buildings, all of which require extensive use of drywall systems. Governments
have also promoted urbanization through housing schemes, which further enhances
the demand for gypsum-based products. Moreover, the growing middle class in
these countries is contributing to the construction of new homes and commercial
spaces, where gypsum boards are preferred for their aesthetic and functional
advantages.
Another
factor contributing to the growth in the Asia Pacific market is the increasing
adoption of modern construction techniques. Gypsum and drywall are lightweight,
cost-effective, and easy to install, which makes them ideal for faster
construction timelines. The adoption of modular construction techniques, which
require quick-to-install materials, has also supported the rapid growth of this
market segment.
The
region is also witnessing an improvement in building safety standards,
particularly in fire-prone areas. Gypsum products are highly fire-resistant,
making them preferred material in both residential and commercial buildings in
regions with stringent fire safety regulations.
Lastly,
sustainability plays a key role in the growing demand for gypsum products in
Asia Pacific. Many manufacturers in the region are focusing on eco-friendly
practices, including the use of recycled gypsum, aligning with global green
building trends and improving the appeal of gypsum-based solutions in environmentally
conscious markets.
Key
market players in the Global Gypsum & Drywall market are:
-
- USG
Corporation
- Knauf
Group
- Saint-Gobain
- National
Gypsum Company
- Georgia-Pacific
LLC
- Etex
Group
- LafargeHolcim
- Boral
Limited
- Siniat
(Etex Group)
- Beijing
New Building Material (BNBM)
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“The
global Gypsum & Drywall market presents significant opportunities driven by
rising demand in emerging markets, particularly in Asia Pacific. Increased
urbanization, infrastructure development, and government housing initiatives in
countries like India and China are key growth drivers. Additionally, the demand
for sustainable and fire-resistant materials is rising, presenting
opportunities for eco-friendly gypsum products. Technological advancements in
production processes and the growing preference for modular construction
techniques further enhance market potential. Moreover, green building
initiatives and increasing awareness of energy-efficient construction
methods open doors for manufacturers to innovate and expand their product
offerings.Top of Form” said Mr.
Karan Chechi, Research Director of TechSci Research, a research-based Global
management consulting firm.
“Gypsum & Drywall Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product
Type (Gypsum Board, Gypsum Plaster, Gypsum Ceiling Tiles, Gypsum Blocks,
Others), By Application (Residential, Commercial, Industrial, Infrastructure),
By Distribution Channel (Direct Sales, Retail Sales, Wholesale Distribution),
By Region & Competition, 2020-2030F”, has evaluated the future growth
potential of Global Gypsum & Drywall Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Gypsum & Drywall Market.
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