Gypsum and Drywall Market Report 2025 (Global Edition)

Global Gypsum and Drywall Market Report 2025 Market Size Split by Product Outlook: (Wallboard, Ceiling Board, Pre-decorated Board, Others), by End-User Outlook: (Commercial, Residential), by Thickness...

Gypsum and Drywall Market Report Description

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Competitive Landscape of the Gypsum and Drywall Market

There is fierce competition between domestic and international companies in the gypsum and drywall business. To obtain a competitive edge, businesses prioritize innovation, cost-effectiveness, and strategic partnerships. Manufacturers of drywall panels, raw gypsum, and specialist goods like fire and moisture-resistant drywall are all part of the market.

In April 2023, Saint-Gobain, through its building products subsidiary CertainTeed Gypsum Inc., received the 2023 Better Project Award from the U.S. Department of Energy for the company’s smart energy management system at its Buchanan, New York gypsum facility. (Source: https://www.businesswire.com/news/home/20230412005269/en/Saint-Gobain-Receives-2023-Better-Project-Award-From-U.S.-Department-of-Energy-for-Smart-Energy-Management-System-at-Its-Buchanan-New-York-Gypsum-Wallboard-Plant) In July 2022, Holcim acquired Cantillana, a major specialty building solution company located in Belgium, for an expected net sales of $93 million (EUR 80 million). This acquisition is expected to boost Holcim's position in building refurbishment and energy efficiency solutions. (Source: https://www.holcim.com/media/media-releases/holcim-to-acquire-cantillana )

Top Companies Market Share in Gypsum and Drywall Industry: (In no particular order of Rank)

• Saint-Gobain
• USG Corporation
• TECNI-GYPSUM
• NATIONAL GYPPSUM (NGC)
• Knauf Gips KG
• GYPLAC SA
• BEIJING NEW BUILDINGS MATERIAL (GROUP) CO. LTD.
• American Gypsum Company LLC
• Lafarge Group
• Global Mining Company LLC (GMC)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Gypsum and Drywall Market

Which Region Dominates the Gypsum and Drywall Market in 2024?

According to Cognitive Market Research, North America is expected to dominate the market during the forecast period. The booming housing market, particularly in the U.S. and Canada, has led to a consistent demand for drywall. Commercial building projects, including office spaces, retail centers, and hospitals, also contribute significantly to drywall consumption.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The growing construction industry and increasing urbanization are the major reasons for the expansion of the market in the region. Moreover, the increasing residential investment drives the Asia Pacific market.

The current report Scope analyzes Gypsum and Drywall Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Gypsum and Drywall

According to Cognitive Market Research, the global Gypsum and Drywall market size was estimated at USD 8142.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 3257.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Gypsum and Drywall market with a market size of USD 2569.77 million in 2024 and is projected to grow at a CAGR of 4.6% during the forecast period. The U.S. market's is growing owing to the presence of major players.
• The Canada Gypsum and Drywall market had a market share of USD 390.84 million in 2024 and is projected to grow at a CAGR of 5.6% during the forecast period. Canada’s rising investment.
• The Mexico Gypsum and Drywall market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 296.39 million in 2024.

Europe Gypsum and Drywall

According to Cognitive Market Research, the global Gypsum and Drywall market size was estimated at USD 8142.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 2442.75 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.1% from 2024 to 2031.

• The United Kingdom Gypsum and Drywall market had a market share of USD 410.38 million in 2024 and is projected to grow at a CAGR of 5.9% during the forecast period. In the UK, Gypsum and Drywall sales witness an upswing due to the increasing urbanization.
• The France Gypsum and Drywall market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 224.73 million in 2024.
• According to Cognitive Market Research, the German Gypsum and Drywall market size was valued at USD 483.66 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. In Germany, Gypsum and Drywall surged due to the growing product launch.
• The Italy Gypsum and Drywall market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 210.08 million in 2024.
• The Russia Gypsum and Drywall market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 378.63 million in 2024.
• The Spain Gypsum and Drywall market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 200.31 million in 2024
• The Luxembourg Gypsum and Drywall market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 75.73 million in 2024.
• The Portugal Gypsum and Drywall market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 51.30 million in 2024.
• The Greece Gypsum and Drywall market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 29.31 million in 2024.
• The Rest of Europe's Gypsum and Drywall market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 378.63 million in 2024.

Asia Pacific Gypsum and Drywall

According to Cognitive Market Research, the global Gypsum and Drywall market size was estimated at USD 8142.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1872.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2031.

• According to Cognitive Market Research, the China Gypsum and Drywall market size was valued at USD 842.75 million in 2024 and is projected to grow at a CAGR of 8.1% during the forecast period. Gypsum and Drywall surged in China due to Increased production.
• The Japan Gypsum and Drywall market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 258.44 million in 2024.
• The India Gypsum and Drywall market had a market share of USD 224.73 million in 2024 and is projected to grow at a CAGR of 10.4% during the forecast period. India's rising disposable income.
• The South Korean Gypsum and Drywall market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 187.28 million in 2024.
• The Australian Gypsum and Drywall market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 97.38 million in 2024.
• The South East Asia Gypsum and Drywall market is projected to witness growth at a CAGR of 9.6% during the forecast period, with a market size of USD 129.22 million in 2024.
• The Rest of Asia Pacific Gypsum and Drywall market is projected to witness growth at a CAGR of 8.4% during the forecast period, with a market size of USD 132.97 million in 2024.

South America Gypsum and Drywall

According to Cognitive Market Research, the global Gypsum and Drywall market size was estimated at USD 8142.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 407.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Gypsum and Drywall market size was valued at USD 174.25 million in 2024 and is projected to grow at a CAGR of 6.6% during the forecast period. Gypsum and Drywall flourished in Brazil due to increasing demand for the product.
• Argentina's Gypsum and Drywall market had a market share of USD 68.40 million in 2024 and is projected to grow at a CAGR of 6.9% during the forecast period. Argentina's rising product launch.
• Colombia Gypsum and Drywall market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 36.23 million in 2024.
• Peru Gypsum and Drywall market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 33.38 million in 2024.
• Chile Gypsum and Drywall market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 29.31 million in 2024.
• The Rest of Latin America's Gypsum and Drywall market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 65.55 million in 2024.

Middle East Gypsum and Drywall

According to Cognitive Market Research, the global Gypsum and Drywall market size was estimated at USD 8142.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 162.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031..

• The GCC Countries Gypsum and Drywall market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 69.70 million in 2024. Gypsum and Drywall sales flourish due to the presence of major market players.
• The Egypt Gypsum and Drywall market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 17.10 million in 2024.
• The South Africa Gypsum and Drywall market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 25.73 million in 2024. Gypsum and Drywall sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey Gypsum and Drywall market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 14.01 million in 2024.
• The Nigeria Gypsum and Drywall market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 17.10 million in 2024.
• The Rest of the MEA Gypsum and Drywall market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 19.22 million in 2024.

Gypsum and Drywall Market Analysis

How are Segments Performing in the Global Gypsum and Drywall Market?

Gypsum and Drywall Market Product Segment Analysis

According to Cognitive Market Research, Wallboard is likely to dominate the Gypsum and Drywall Market over the forecast period. The wallboard segment, which includes drywall products made primarily from gypsum, is a significant component of the broader gypsum and drywall market. This segment has experienced notable revenue growth driven by increasing demand in the construction sector, particularly residential and commercial buildings. Wallboard is the preferred material for interior partitions and ceilings due to its affordability, ease of installation, and versatility.

The Pre-decorated Board is the fastest-growing segment in the Gypsum and Drywall Market. The use of pre-decorated boards is being driven by the growing need for sophisticated, aesthetically beautiful homes. Convenient solutions that combine design and performance are what both consumers and businesses are looking for. In residential projects, pre-decorated boards enable homeowners to create a professional look with less work, particularly in high-end homes and apartments. These boards aid in establishing a friendly environment in business settings like workplaces, hotels, and retail stores.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Gypsum and Drywall Industry. Request a Free Sample PDF!

Gypsum and Drywall Market End-User Segment Analysis

According to Cognitive Market Research, the Commercial segment holds the largest share of the market. The need for commercial buildings is being fueled by the ongoing expansion of cities and metropolitan areas, particularly in emerging economies. The need for drywall goods increases with the construction of new office buildings, shopping malls, and public infrastructure projects. The demand for adaptable and reasonably priced building materials like gypsum board is fueled by urbanization and the expanding trend of mixed-use buildings, which include residential, retail, and commercial spaces.

In the Gypsum and Drywall Market, Residential have been expanding at a rapid pace. Home remodeling and renovation projects are another factors driving the demand for drywall in many developed economies, including North America and Europe. More and more homeowners are looking to update their interiors, such as by creating partitions to make spaces more useful or replacing old drywall. The market for drywall goods has increased as a result of the widespread appeal of home renovation TV series and social media platforms, which have encouraged more individuals to make home improvement investments.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Gypsum and Drywall Thickness Outlook: Segment Analysis

Gypsum and Drywall Market Thickness Segment Analysis

According to Cognitive Market Research, More than 5/8 Inch segment holds the largest market share. Effective fire and soundproofing solutions are needed due to the fast growth of metropolitan areas and the rising demand for multi-family dwelling units. The need for drywall products thicker than 5/8 inch is increased as a result. Furthermore, to guarantee better, longer-lasting final buildings, newer construction methods like prefabrication and modular construction frequently call for the use of thicker drywall products. These items perform exceptionally well in terms of acoustics, fire resistance, and durability.

In the Gypsum and Drywall market, the rapidly growing sector is the 5/8 Inch category. The 5/8-inch thickness of drywall is one of the most commonly used thicknesses, particularly for applications that require a balance between durability, fire resistance, and cost-effectiveness. It is considered a standard thickness for fire-rated walls and offers a good combination of performance and ease of installation for both commercial and residential construction.

• More than 5/8 Inch
• 1/2 Inch
• 5/8 Inch

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
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• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

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