Gypsum Plasterboard Market Report 2025 (Global Edition)

Global Gypsum Plasterboard Market Report 2025 Market Size Split by Type (Standard Gypsum Plasterboard, Moisture-Resistant Gypsum Plasterboard, Fire-Resistant Gypsum Plasterboard, Acoustic Gypsum Plast...

Gypsum Plasterboard Market Report Description

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Gypsum Plasterboard Market Insights Video

Competitive Landscape of the Gypsum Plasterboard Market

The gypsum plasterboard market comprises a competitive landscape that involves major established competitors and developing regional enterprises. Technological innovation, product quality, and cost efficiency are all important drivers of competition. Companies are concentrating on producing innovative plasterboard solutions with improved features such as moisture and fire resistance. Mergers, acquisitions, and collaborations constitute typical strategic moves designed to increase market reach and improve manufacturing capabilities.

In February 2020, National Gypsum introduced the Permabase WP Waterproof Cement Board, a 1.3 cm-thick cement board featuring a waterproof core, reinforced edges, and an improved surface for better tile bonding and moisture resistance compared to previous Permabase boards. Tony Fuller, National Gypsum’s product manager for Permabase, stated that the company remained dedicated to developing innovative products with enhanced performance benefits for construction. (Source: https://www.globalcement.com/news/item/10410-national-gypsum-launches-permabase-cement-board) In January 2024, Saint-Gobain Gyproc, a renowned brand in innovative building solutions, introduced a groundbreaking range of products designed to transform architectural practices and elevate industry standards. Glasroc X emerged as a standout product; a gypsum board specifically developed for exterior walls. It offered exceptional resistance to UV rays, mold, and deterioration, making it crucial for preserving structural integrity in outdoor applications. (Source: https://aceupdate.com/saint-gobain-gyproc-offers-cutting-edge-building-solutions/) In January 2024, James Hardie, a global leader in high-performance fibre cement and fibre gypsum building solutions, launched a new 11mm Hardie® Panel designed to save builders, contractors, and architects both time and money. Developed specifically for education, healthcare, and public sector projects, the panel offered a cost-effective, durable solution suitable for various applications. (Source: https://constructionvoices.co.uk/2024/01/james-hardie-launches-innovative-new-product)

Top Companies Market Share in Gypsum Plasterboard Industry: (In no particular order of Rank)

• Saint-Gobain Group
• Knauf Digital GmbH
• National Gypsum Services Company
• Etex Group
• Georgia-Pacific
• Fletcher Building
• PABCO Gypsum
• China National Building Material Company Limited
• USG Corporation
• American Gypsum Company
• LLC
• Hemspan
• Adaptavate Ltd
• Smarter Habitat GmbH & Co KG
• Strawcture Eco
• Armstrong World Industries
• Inc.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Gypsum Plasterboard Market

Which Region Dominates the Gypsum Plasterboard Market in 2024?

According to Cognitive Market Research, North America currently dominates the gypsum plasterboards market, and the region is expected to have significant growth during the projected period. The region's focus on sustainable building materials, along with strict fire safety regulations, fueled demand for gypsum plasterboard.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The region's booming infrastructure development, along with investments in commercial and residential projects, contributed significantly to the expanding market for gypsum plasterboards.

The current report Scope analyzes Gypsum Plasterboard Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Gypsum Plasterboard Market

According to Cognitive Market Research, the global gypsum plasterboard market size was estimated at USD 23514.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 9405.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the gypsum plasterboard market with a market size of USD 7421.08 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. The US holds a major share in the gypsum plasterboard market driven by high construction activity and demand for innovative building materials.
• The Canadian gypsum plasterboard market had a market share of USD 1128.68 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Canada's gypsum plasterboard market is expanding due to increased construction projects, urban growth, and growing demand for sustainable building solutions.
• The Mexico gypsum plasterboard market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 855.92 million in 2024.

Europe Gypsum Plasterboard Market

According to Cognitive Market Research, the global gypsum plasterboard market size was estimated at USD 23514.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 7054.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.

• The United Kingdom gypsum plasterboard market had a market share of USD 1185.12 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. The UK leads the gypsum plasterboard industry due to sophisticated construction techniques, high demand for quality materials, and innovation.
• The French gypsum plasterboard market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 648.99 million in 2024.
• According to Cognitive Market Research, the German gypsum plasterboard market size was valued at USD 1396.74 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. Germany's gypsum plasterboard industry is developing as a result of increased construction projects and innovative product demand.
• The Italy gypsum plasterboard market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 606.67 million in 2024.
• The Russian gypsum plasterboard market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 1093.41 million in 2024.
• The Spain gypsum plasterboard market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD 578.45 million in 2024
• The Luxembourg gypsum plasterboard market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 218.68 million in 2024.
• The Portugal Gypsum plasterboard market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 148.14 million in 2024.
• The Greece Gypsum plasterboard market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 84.65 million in 2024.
• The Rest of Europe's gypsum plasterboard market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 1093.41 million in 2024.

Asia Pacific Gypsum Plasterboard Market

According to Cognitive Market Research, the global gypsum plasterboard market size was estimated at USD 23514.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 5408.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.

• According to Cognitive Market Research, the China gypsum plasterboard market size was valued at USD 2433.72 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. China commands the gypsum plasterboard industry due to increasing urbanization and significant infrastructural development.
• The Japan gypsum plasterboard market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 746.34 million in 2024.
• The India gypsum plasterboard market had a market share of USD 648.99 million in 2024 and is projected to grow at a CAGR of 11.8% during the forecast period. India's extensive growth in the gypsum plasterboard market is driven by rapid urbanization and affordable housing demand.
• The South Korean gypsum plasterboard market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a market size of USD 540.83 million in 2024.
• The Australian gypsum plasterboard market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 281.23 million in 2024.
• The South East Asia gypsum plasterboard market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 373.17 million in 2024.
• The Rest of Asia Pacific gypsum plasterboard market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 383.99 million in 2024.

South America Gypsum Plasterboard Market

According to Cognitive Market Research, the global gypsum plasterboard market size was estimated at USD 23514.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 1175.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil gypsum plasterboard market size was valued at USD 503.20 million in 2024 and is projected to grow at a CAGR of 8.0% over the prediction period. Brazil controls the gypsum plasterboard industry due to increased commercial construction and infrastructural development.
• Argentina's gypsum plasterboard market had a market share of USD 197.52 million in 2024 and is anticipated to grow at a CAGR of 8.3% during the forecast period. Argentina is experiencing growth in demand for gypsum plasterboards due to increasing commercial construction projects and urban development.
• Colombia's gypsum plasterboard market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 104.64 million in 2024.
• Peru's gypsum plasterboard market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 96.41 million in 2024.
• Chile's gypsum plasterboard market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 84.65 million in 2024.
• The Rest of Latin America's gypsum plasterboard market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 189.29 million in 2024.

Middle East Gypsum Plasterboard Market

According to Cognitive Market Research, the global gypsum plasterboard market size was estimated at USD 23514.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 470.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031..

• The GCC Countries' gypsum plasterboard market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 201.28 million in 2024. GCC countries are seeing growth in demand for gypsum plasterboards due to extensive real estate developments and infrastructure projects.
• The Egypt gypsum plasterboard market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 49.38 million in 2024.
• The South African gypsum plasterboard market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 74.30 million in 2024. South Africa is seeing growth in gypsum plasterboard sales due to increased focus on affordable housing projects.
• The Turkey gypsum plasterboard market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 40.44 million in 2024.
• The Nigeria gypsum plasterboard market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 49.38 million in 2024.
• The Rest of the MEA gypsum plasterboard market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 55.49 million in 2024.

Gypsum Plasterboard Market Analysis

How are Segments Performing in the Global Gypsum Plasterboard Market?

Gypsum Plasterboard Market Type Segment Analysis

According to Cognitive Market Research, Standard gypsum plasterboard accounts for a significant portion of the plasterboard market due to its widespread application in residential, commercial, and industrial construction. Its low cost, ease of installation, and versatility make it an ideal choice for walls and ceilings. The product's fire resistance, soundproofing qualities, and compatibility with a range of finishes contribute to its high demand, assuring its market authority across several sectors.

The moisture-resistant gypsum plasterboard sector is the fastest-growing segment of the gypsum plasterboard industry. This expansion is fueled by its better performance in high-humidity locations such as bathrooms, kitchens, and basements, making it suitable for both residential and commercial applications. Increasing awareness of mold prevention and improved durability, as well as rising demand for moisture-resistant building materials, have fueled the segment's growth in the construction and renovation industries.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Gypsum Plasterboard Industry. Request a Free Sample PDF!

Gypsum Plasterboard Market Application Segment Analysis

According to Cognitive Market Research, the residential segment dominates the gypsum plasterboard market due to rising demand for contemporary housing solutions and energy-efficient building materials. Increased urbanization and population increase have fueled residential buildings, creating a greater demand for lightweight, durable, and fire-resistant materials such as gypsum plasterboard. Renovation initiatives and the push towards sustainable building practices help to maintain the residential segment's leadership in this market.

Commercial is the fastest-growing segment of the gypsum plasterboard industry. This expansion is fueled by increased investment in office buildings, shopping malls, and other commercial infrastructure. Gypsum plasterboards are in high demand in commercial buildings due to their fire resistance, soundproofing properties, and ease of installation. As businesses expand and new commercial initiatives emerge, the commercial segment continues to grow and expand significantly.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Gypsum Plasterboard Thickness Segment Analysis

Gypsum Plasterboard Market Thickness Segment Analysis

According to Cognitive Market Research, medium-thickness boards ranging from 10 mm to 12.5 mm dominate the gypsum plasterboard industry due to their adaptability and strength-to-weight ratio. These boards are popular in home and commercial applications, providing a practical option for typical wall and ceiling installations. Their popularity stems from their low cost and ability to suit a wide range of building needs.

In the gypsum plasterboard market, the thin plasterboard segment, with thicknesses up to 9.5 mm, is experiencing the fastest growth. This rise is due to their simplicity of handling and installation, which makes them suitable for both household and commercial uses. Their lightweight nature and adaptability also meet the rising demand for effective and space-saving construction solutions, resulting in the segment's strong growth.

• Thin (up to 9.5 mm)
• Medium (10 mm to 12.5 mm)
• Thick (above 12.5 mm)

Gypsum Plasterboard End-use Segment Analysis

Gypsum Plasterboard Market End-use Segment Analysis

According to Cognitive Market Research, the walls segment dominates the gypsum plasterboard market due to its widespread application in residential and commercial construction. Gypsum plasterboards are popular for their simplicity of installation, fire resistance, and soundproofing properties, making them suitable for partition walls and interior finishes. The desire for long-lasting and diverse wall solutions keeps this category dominant in the industry.

The decorative applications segment is the fastest-growing in the gypsum plasterboard market. This rise is being driven by rising customer demand for aesthetically beautiful and customizable interior designs. Gypsum plasterboards' ability to generate complicated shapes, patterns, and finishes makes them ideal for residential and commercial installations. Enhanced product options and advancements in decorative plasterboards are propelling their use in current architectural applications.

• Walls
• Ceilings
• Partitions
• Decorative Applications

Gypsum Plasterboard Distribution Channel Segment Analysis

Gypsum Plasterboard Market Distribution Channel Segment Analysis

According to Cognitive Market Research, distributors and wholesalers hold a major share of the gypsum plasterboard market, playing a crucial role in the supply chain. Their enormous networks and logistics skills make plasterboards more readily available to contractors, builders, and retailers. They contribute considerably to market reach and expansion by handling big volumes and providing varied lines of goods, as well as assuring efficient distribution across numerous regions and applications.

The online retail segment has become the fastest-growing segment in the gypsum plasterboard market, driven by the increasing shift towards digital platforms for construction materials. Builders and contractors enjoy the convenience of online shopping, which provides access to a greater range of products at lower prices. The rise of e-commerce platforms and improved logistics has accelerated this trend, making it easier for clients to order and receive gypsum plasterboards.

• Direct Sales
• Distributors/Wholesalers
• Online Retail
• Retail Stores (Building Material Stores
• Home Improvement Stores)

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals 
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion