Market Size of Europe Gypsum Board Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Gypsum Board Market Analysis
The Europe gypsum board market is anticipated to reach over 3,400 million sq m by the end of this year. It is expected to register a CAGR greater than 5% during the forecast period.
During the COVID-19 outbreak, there was a negative impact on the gypsum market in Europe. However, the market recovered significantly in 2021, owing to rising consumption from various end-use applications, including residential, commercial sectors, and others.
- Over the short term, key factors driving the market's growth include increasing product demand for residential construction and rising repair activities across Europe. They are projected to fuel the market growth throughout the forecast period.
- However, gypsum boards are susceptible to water damage due to their hygroscopic qualities. Furthermore, depositing gypsum boards in landfills can cause environmental problems such as leaking harmful compounds into groundwater and releasing methane gas. Such issues are restricting the market growth expansion over the forecast period.
- Nevertheless, future construction investments will likely create lucrative opportunities for the Europe gypsum board market over the forecast period.
