Asia-Pacific Gypsum Board Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The market is segmented by Type (Wall Board, Ceiling Board, and Pre-decorated Board), Thickness (1/2-inch, 5/8-inch, and Other Thicknesses), Application (Residential Sector, Institutional Sector, Industrial Sector, and Commercial Sector), and Geography (China, India, Japan, South Korea, Thailand, Philippines, Vietnam, Indonesia, Malaysia, Australia & New Zealand, and Rest of Asia-Pacific)

APAC Gypsum Board Industry Overview

asia-pacific gypsum board market size
Study Period: 2018 - 2028
CAGR: > 6.5 %

Major Players

asia-pacific gypsum board market key players

*Disclaimer: Major Players sorted in no particular order


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APAC Gypsum Board Market Analysis

The Asia-Pacific gypsum board market is estimated to witness a healthy growth, at an estimated CAGR of over 6.5%, over the forecast period. The major factor driving the market studied is the increasing investment in the construction sector in the emerging economies of Asia-Pacific. Gypsum board inability to perform in water and the impact of COVID-19 pandemic are expected to hinder the growth of the market studied.

  • The demand from the residential sector dominated and is expected to grow at a rapid rate, owing to the new residential construction and repair activities in the developing economies.
  • Increasing investment in the construction sector is likely to act as an opportunity in the future.
  • Based on type, wall board occupied the largest share. However, the demand for pre-decorated boards is growing at a rapid pace, owing to the increase in the demand from the residential sector.

APAC Gypsum Board Industry Segments

The Asia-Pacific gypsum board market report includes:

Wall Board
Ceiling Board
Pre-decorated Board
Other Thicknesses
Residential Sector
Institutional Sector
Industrial Sector
Commercial Sector
South Korea
Australia & New Zealand
Rest of Asia-Pacific

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APAC Gypsum Board Market Trends

This section covers the major market trends shaping the APAC Gypsum Board Market according to our research experts:

Increasing Investments in the Construction Sector in the Emerging Economies

  • Gypsum boards are used in the construction (walls, ceilings, partitions, etc.) of warehouses, manufacturing facilities, operational buildings, etc. Multi-layer systems are majorly used in the industrial sector, as they have two or more layers of gypsum board and meet higher sound and fire-resistance requirements to enhance the comfort and safety beyond minimum code requirements.
  • The Indian construction sector is growing at a tremendous rate (approximately 7%-8%), with urbanization projects and new construction activities, such as bridges, dams, roads, railways (metro rails), urban infrastructures, buildings, and others.
  • The 100% FDI in the construction sector has also supported the industry growth, and the government initiative ‘Housing for All by 2022’ is supporting the new construction activities in the country.
  • In addition, the country is likely to witness an investment of around USD 1.3 trillion in housing, over the next seven years, during which, the country is likely to witness the construction of 60 million new homes. The availability of affordable housing is expected to rise by around 70% by 2024 in India.
  • All the aforementioned factors are likely to contribute positively to the demand for gypsum board in the region.
asia-pacific gypsum board market size

China to Dominate the Market

  • In the Asia-Pacific region, China has the largest economy, in terms of GDP. The economic growth in the country remains high, owing to the increasing interest of the investors to invest in China.
  • It is the fastest-growing economies, globally, and almost all the end-user industries have been developing, owing to the rising population, living standards, and per capita income. However, owing to the international trade turbulences and unfavorable geopolitical affairs, the growth rate is expected to slow down in the initial years of the forecast period. However, the growth is expected to gain pace in the later part of the forecast period, considering the favorable conditions and relations in the future.
  • The reforms announced by the Chinese government are aimed to support foreign investments in the country, enhance the supervision and regulation of market conduct, deepen financial system reforms, and improve the management of cross-border investment flows, in order to encourage two-way cash flow and connectivity of capital. 
  • The country has spent about USD 106 billion in 2018 on railway projects, to continue building the leading rail system in the world. In 2018, the country added a total of 4,100 kilometers (2,548 miles) of new high-speed railways. By 2020, network for high-speed railways is expected to reach 30,000 kilometers, and by 2025, it is expected to further reach 38,000 kilometers. 
  • Moreover, restrictions on foreign investment on land development, high-end hotels, office buildings, international exhibition centers, and construction and operation of large theme parks have also been lifted. The growth in infrastructure is expected to boost the gypsum board market in the country, over the forecast period. 
asia-pacific gypsum board market analysis

APAC Gypsum Board Market Competitor Analysis

The Asia-Pacific gypsum board market is consolidated, with the top five players accounting for more than 70% in the market. The major companies include USG BORAL, China National Building Material Company Limited (CNBM), Saint-Gobain Gyproc, KCC CORPORATION, and Knauf Gips KG, among others.

APAC Gypsum Board Market Top Players


  2. China National Building Material Company Limited (CNBM)


  4. Knauf Gips KG

  5. Saint-Gobain Gyproc

*Disclaimer: Major Players sorted in no particular order

USG BORAL, China National Building Material Company Limited (CNBM), Saint-Gobain Gyproc, KCC CORPORATION

APAC Gypsum Board Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Increasing Investment in the Construction Sector in the Emerging Economies

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Prone to Water Damage

      2. 4.2.2 Impact of COVID-19 Pandemic

      3. 4.2.3 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Price Analysis


    1. 5.1 Type

      1. 5.1.1 Wall Board

      2. 5.1.2 Ceiling Board

      3. 5.1.3 Pre-decorated Board

    2. 5.2 Thickness

      1. 5.2.1 1/2-inch

      2. 5.2.2 5/8-inch

      3. 5.2.3 Other Thicknesses

    3. 5.3 Application

      1. 5.3.1 Residential Sector

      2. 5.3.2 Institutional Sector

      3. 5.3.3 Industrial Sector

      4. 5.3.4 Commercial Sector

    4. 5.4 Geography

      1. 5.4.1 China

      2. 5.4.2 India

      3. 5.4.3 Japan

      4. 5.4.4 South Korea

      5. 5.4.5 Thailand

      6. 5.4.6 Philippines

      7. 5.4.7 Vietnam

      8. 5.4.8 Indonesia

      9. 5.4.9 Malaysia

      10. 5.4.10 Australia & New Zealand

      11. 5.4.11 Rest of Asia-Pacific


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Beijing New Building Material (Group) Co., Ltd.

      2. 6.4.2 BGC (Australia) PTY Ltd

      3. 6.4.3 China National Building Material Company Limited (CNBM)

      4. 6.4.4 CHIYODA UTE CO.,LTD.

      5. 6.4.5 Everest Industries Limited

      6. 6.4.6 Georgia-Pacific Gypsum LLC

      7. 6.4.7 Jason Plasterboard (Jiaxing) Co. Ltd

      8. 6.4.8 KCC CORPORATION

      9. 6.4.9 Knauf Gips KG

      10. 6.4.10 Saint-Gobain Gyproc

      11. 6.4.11 USG BORAL

      12. 6.4.12 VANS Gypsum

      13. 6.4.13 YOSHINO GYPSUM CO.,LTD.

    5. *List Not Exhaustive

    1. 7.1 Future Investment in the Construction Sector

    2. 7.2 Other Opportunities

**Subject to Availability
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APAC Gypsum Board Market Research FAQs

The Asia-Pacific Gypsum Board Market is studied from 2018 - 2028.

The Asia-Pacific Gypsum Board Market is growing at a CAGR of >6.5% over the next 5 years.

USG BORAL, China National Building Material Company Limited (CNBM), KCC CORPORATION, Knauf Gips KG, Saint-Gobain Gyproc are the major companies operating in Asia-Pacific Gypsum Board Market.

Asia-Pacific Gypsum Board Industry Reports

In-depth industry statistics and market share insights of the Asia-Pacific Gypsum Board sector for 2020, 2021, and 2022. The Asia-Pacific Gypsum Board research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Asia-Pacific Gypsum Board report PDF.

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