The global gypsum board market is poised for steady expansion, with its market size projected to grow from 17.92 billion square meters in 2026 to 24.07 billion square meters by 2031. This growth reflects a compound annual growth rate (CAGR) of 6.08% over the forecast period. Key drivers supporting this expansion include ongoing fire-safety and energy-efficiency mandates, rapid urbanization in Asia-Pacific, rising renovation and remodeling activity in mature markets, and the adoption of lightweight and pre-decorated boards to address labor shortages.
Trends & Developments of the Gypsum Board Market
Residential Construction Surge in Asia-Pacific
Rapid urban migration across Asia-Pacific has fueled demand for high-density residential projects. Developers increasingly rely on gypsum boards to accelerate interior fit-outs compared with traditional plaster, saving both time and labor costs.
Renovation and Remodeling in Mature Markets
In North America and Europe, renovation and remodeling projects contribute significantly to gypsum board demand. Many U.S. homes pre-date 1970, driving retrofit activity that aligns with modern fire and insulation codes. Specialty boards designed to resist moisture and mold have become popular in residential and institutional renovations, while EU regulations encourage upgrades that combine acoustic and thermal efficiency.
Lightweight and High-Strength Board Solutions
Contractors globally face skilled labor shortages, prompting the development of lighter and stronger gypsum boards. Reduced panel weight enhances handling, cuts installation time, and supports multi-hour fire ratings for commercial and institutional applications.
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Gypsum Board Market Segmentation
By Product Type:
- Wall Board
- Ceiling Board
- Pre-Decorated Board
By Raw Material:
- Natural Gypsum
- Synthetic (FGD) Gypsum
- Recycled Gypsum
By Application:
- Residential
- Commercial
- Institutional
- Industrial
By Geography:
Asia-Pacific
- China
- India
- Japan
- South Korea
- Thailand
- Malaysia
- Indonesia
- Vietnam
- Rest of Asia-Pacific
North America
- United States
- Canada
- Mexico
Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Russia
- Turkey
- Nordics
- Rest of Europe
South America
- Brazil
- Argentina
- Colombia
- Rest of South America
Middle-East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- Egypt
- Qatar
- South Africa
- Rest of Middle-East and Africa
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Leading Companies in the Gypsum Board Market
- BNBM
- Etex Group
- Georgia-Pacific Gypsum LLC
- Knauf Group
- Saint-Gobain
Conclusion
The Gypsum Board Market is set for consistent growth through 2031, supported by urbanization, renovation activity, and demand for lightweight and high-performance boards. Stakeholders across the gypsum board industry will benefit from aligning production, product development, and marketing strategies with ongoing trends in fire safety, energy efficiency, and construction modernization. The Gypsum Board Market continues to demonstrate resilience and adaptability, maintaining its essential role in the global construction sector while evolving in line with sustainability, performance, and labor efficiency priorities.
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