Global Gypsum Board Market Outlook 2025–2031: Trends, Opportunities, and Forecast


 

Global Gypsum Board Market

The global Gypsum Board market was valued at US$ 16,360 million in 2024 and is anticipated to reach US$ 20,740 million by 2031, witnessing a CAGR of 3.5% during the forecast period 2025–2031, according to QY Research.

This growth is supported by increasing demand from residential, commercial, and institutional projects, as well as the adoption of advanced manufacturing technologies and eco-friendly products.

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Key Trends Include

  • Sustainability Focus: Demand is rising for recyclable, low-VOC, and lightweight gypsum boards, including products made with recycled gypsum.

  • Fire and Moisture Resistance: Heightened building safety regulations are driving adoption of boards with enhanced fire and moisture resistance.

  • Digital Integration: Use of Building Information Modeling (BIM) and automation in production is improving customization, efficiency, and cost control.

  • Pre-Decorated Solutions: Growth in commercial and residential sectors is boosting demand for pre-decorated boards to reduce on-site labor and time.

Market Segments Analysis

  • By Product Type: Wallboard holds the largest market share, widely used in interior walls and ceilings. Pre-decorated boards are the fastest-growing segment due to aesthetic appeal and installation convenience.

  • By Application: Residential construction accounts for over half of total demand, followed by commercial buildings, institutional projects, and industrial facilities.

  • By Region: Asia-Pacific dominates with nearly half of global consumption, driven by rapid urbanization and government-backed infrastructure programs. North America and Europe show steady demand, primarily from renovation and energy-efficient building projects, while the Middle East, Africa, and Latin America present strong growth potential.

Market Opportunity

Significant opportunities exist in developing regions where construction growth is accelerating, particularly in Asia-Pacific, Africa, and Latin America. Innovations in moisture-resistant, lightweight, and pre-finished gypsum boards offer a competitive advantage. Additionally, sustainable and recycled board production aligns with global green building standards, creating new market niches.

Growth Drivers and Challenges

Growth Drivers:

  • Rising global urbanization and population growth fueling housing demand.

  • Stricter building codes emphasizing fire safety, thermal performance, and energy efficiency.

  • Increasing preference for quick-installation materials in modern construction projects.

Challenges:

  • Volatility in raw material and energy prices impacting production costs.

  • Competition from alternative materials such as fiber cement and wood-based boards.

  • Environmental regulations concerning waste disposal and recycling requirements.

Conclusion

The global gypsum board market is set for robust growth, with expansion supported by sustainable construction trends, technological advancements, and strong demand from emerging economies. While raw material volatility and competition pose challenges, innovation in eco-friendly and specialized gypsum board products will be key to securing long-term growth.

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