Gypsum Board Market Opportunities To Reach $100.73 Billion By 2027

Gypsum Board Market Report Highlights

• Gypsum wallboard is anticipated to expand at a CAGR of 11.6% over the projected period owing to wide utilization of the product in partitioning and decorative application majorly in multi-family residential constructions
• In 2019, residential application held the dominant market share of 47.2% and is likely to ascend at the highest CAGR over the forecast period on account of rising need for the construction of multi-family houses in Asia Pacific and North America
• In North America, the revenue for gypsum ceiling board stood at USD 3.85 billion in 2019 and is expected to witness growth over the forecast period, owing to its wide acceptance in the ceiling and decorative applications
• The U.S. gypsum board market is expected to realize gains at a CAGR of 10.6% from 2020 to 2027 due to presence of a well-established construction industry and acceptance of enhancing construction materials
• Saint-Gobain accounted for the major market share in the past with gypsum solutions offered under brands, such as Certainteed, British Gypsum, Gyproc, Rigips, and Placo

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Gypsum Board Market Segmentation

Grand View Research has segmented the global gypsum board market on the basis of product, application, and region:

Gypsum Board Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2016–2027)

• Wallboard
• Ceiling Board
• Pre-decorated Board
• Others

Gypsum Board Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2016–2027)

• Pre-Engineered Metal Buildings
• Residential
• Industrial
• Commercial
• Institutional

Gypsum Board Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2016–2027)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa