Market Size of Gypsum Board Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 16.01 Billion square meters |
| Market Volume (2029) | 21.63 Billion square meters |
| CAGR (2024 - 2029) | 6.19 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Gypsum Board Market Analysis
The Gypsum Board Market size is estimated at 16.01 Billion square meters in 2024, and is expected to reach 21.63 Billion square meters by 2029, growing at a CAGR of 6.19% during the forecast period (2024-2029).
COVID-19 negatively impacted the market in 2020. However, the market recovered significantly in 2021, owing to rising consumption from various end-user applications, including residential, commercial, and other sectors.
- Over the short term, key factors driving the market's growth include increasing product demand for residential construction and rising repair activities across the world.
- However, gypsum boards are prone to water damage owing to their hygroscopic properties. They easily tend to absorb and retain water. In addition, dumping gypsum boards in landfills may result in environmental issues such as leaching toxic chemicals into the groundwater and releasing methane gas. Such factors are hindering the growth of the market studied.
- Nevertheless, future construction investments are expected to create lucrative growth opportunities for the major players operating in the global gypsum board market over the forecast period.
