Plasterboard Market Report 2025 (Global Edition)

Global Plasterboard Market Report 2025 Market Size Split by Type (Standard, Fire-resistant, Sound-insulated, Moisture-resistant, Thermal, Specialist, Impact-resistant, Triple low-e & gas-filled), by F...

Plasterboard Market Report Description

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Competitive Landscape of the Plasterboard Market

The competitive landscape of the Plasterboard market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts

In October 2023, Gyprock had expanded its line of high-quality plasterboard, compounds, and adhesives by introducing Gyprock HD and Rigitone. The newest addition to the company's home specialty plasterboard line is Gyprock HD, a high-end plasterboard product that may be used for residential wall and ceiling applications. Heavy-duty liner paper and a high-density core are features of the adaptable 10mm board. When greater acoustic insulation and impact resistance are required, it acts as an upgrade option for walls and ceilings. Gyprock HD is the highest quality plasterboard available for residential use from Gyprock. It has many advantages over other plasterboards, such as improved acoustic performance, low volatile organic compound (VOC), high impact resistance, ease of handling, and maximum adaptability.

(Source: https://buildingconnection.com.au/2023/10/24/gyprock-launches-gyprock-hd-and-rigitone-plasterboard-products/)

Top Companies Market Share in Plasterboard Industry: (In no particular order of Rank)

• Fletcher Building Ltd.
• USG Corporation
• Armstrong World Industries Inc.
• LafargeHolcim Ltd.
• Georgia Pacific LLC
• Etex Group
• National Gypsum Company
• KNAUF Gips KG
• Gypsum Management and Supply Inc.
• Boral Ltd.
• Saint-Gobain S.A.
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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 Plasterboard Market

Which Region Dominates the Plasterboard Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The regional growth is attributed to the increasing construction sector and the growing product launch in the market. Moreover, plasterboard sales in North America are expected to evolve due to advancements in digital design tools, advanced building systems, and prefabricated components, among other construction technologies and materials. The objectives of these developments are to improve construction projects' productivity, sustainability, and efficiency.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific stands out as the fastest-growing region in the Plasterboard market. The regional expansion of the market is attributed to the growing urbanization and the rising population base. Moreover, the increasing demand from residential sector in the region also boost the plasterboard market in the region

The current report Scope analyzes Plasterboard 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 Plasterboard

According to Cognitive Market Research, the global Plasterboard market size was estimated at USD 24581.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 9832.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. In North America, the Plasterboard market exhibits a promising landscape characterized by technological advancements and growth in construction sector. Regional analysis reveals that the United States and Canada are the primary contributors to market growth, driven by the rising collaboration and growing need for commercial spaces. Segmentation analysis further highlights Standard, Fire-resistant, Sound-insulated, Moisture-resistant, Thermal, Specialist, Impact-resistant, Triple low-e & gas-filled growth at a rapid rate in the region, due to the rising investments. In conclusion, North America presents a lucrative market opportunity for Plasterboard manufacturers, driven by growing product launch and increasing investment.

• According to Cognitive Market Research, the US had a major share in the Plasterboard market with a market size of USD 7757.83 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. The growth in the country is attributed to the growth in construction sector.
• The Canada Plasterboard market had a market share of USD 1179.90 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. The country is attributed to the rising investment.
• The Mexico Plasterboard market is projected to witness growth at a CAGR of 4.9% during the forecast period with a market size of USD 894.76 million in 2024.

Europe Plasterboard Market

According to Cognitive Market Research, the global Plasterboard market size was estimated at USD 24581.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 7374.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031. In Europe, the Plasterboard market presents a dynamic landscape characterized by increasing renovation in residential area. Regional analysis indicates that countries like Germany, the UK, and Russia are the key contributors to market growth, driven by factors such as a strong economy, increasing investments, and growing product launch. Segmentation analysis further highlights the adoption of different categories in the region, with residential is the dominant categories. In conclusion, Europe represents a lucrative market for Plasterboard manufacturers, driven by rising investment and rising product launch.

• The United Kingdom Plasterboard market had a market share of USD 1238.89 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. In the UK, Plasterboard sales witness an upswing due to the nation's growing investment.
• The France Plasterboard market is projected to witness growth at a CAGR of 3.9% during the forecast period with a market size of USD 678.44 million in 2024.
• According to Cognitive Market Research, the Germany Plasterboard market size was valued at USD 1460.12 million in 2024 and is projected to grow at a CAGR of 4.9% during the forecast period. In Germany, Plasterboard sales surged due to the presence of major companies.
• The Italy Plasterboard market is projected to witness growth at a CAGR of 4.1% during the forecast period with a market size of USD 634.19 million in 2024.
• The Russia Plasterboard market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD 1143.03 million in 2024.
• The Spain Plasterboard market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD 604.70 million in 2024.
• The Luxembourg Plasterboard market is projected to witness growth at a CAGR of 4.8% during the forecast period with a market size of USD 228.61 million in 2024.
• The Portugal Plasterboard market is projected to witness growth at a CAGR of 4.5% during the forecast period with a market size of USD 154.86 million in 2024.
• The Greece Plasterboard market is projected to witness growth at a CAGR of 5.0% during the forecast period with a market size of USD 88.49 million in 2024.
• Rest of Europe Plasterboard market is projected to witness growth at a CAGR of 3.4% during the forecast period with a market size of USD 1143.03 million in 2024.

Asia Pacific Plasterboard Market

According to Cognitive Market Research, the global Plasterboard market size was estimated at USD 24581.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 5653.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031. In the Asia Pacific region, the Plasterboard market exhibits robust growth prospects driven by growing government support for housing projects and growing urbanization. Regional analysis indicates that countries such as China, Japan, South Korea, and India are key contributors to market expansion, with growing investment and increasing product launches. Segmentation analysis reveals a diverse range of type such as Standard, Fire-resistant, Sound-insulated, Moisture-resistant, Thermal, Specialist, Impact-resistant, Triple low-e & gas-filled to cater to different consumer bases. In conclusion, the Asia Pacific region presents immense growth opportunities for Plasterboard manufacturers, fueled by rising product launches and increasing government support for housing projects.

• According to Cognitive Market Research, the China Plasterboard market size was valued at USD 2544.15 million in 2024 and is projected to grow at a CAGR of 7.7% during the forecast period. Plasterboard sales surged in China due to the growing investment in commercial spaces.
• The Japan Plasterboard market is projected to witness growth at a CAGR of 6.7% during the forecast period with a market size of USD 780.21 million in 2024.
• The India Plasterboard market had a market share of USD 678.44 million in 2024 and is projected to grow at a CAGR of 10.0% during the forecast period. The demand is augmented by India's growing urbanization.
• The South Korea Plasterboard market is projected to witness growth at a CAGR of 7.9% during the forecast period with a market size of USD 565.37 million in 2024.
• The Australia Plasterboard market is projected to witness growth at a CAGR of 7.0% during the forecast period with a market size of USD 293.99 million in 2024.
• The South East Asia Plasterboard market is projected to witness growth at a CAGR of 9.2% during the forecast period with a market size of USD 390.10 million in 2024.
• The Rest of Asia Pacific Plasterboard market is projected to witness growth at a CAGR of 8.0% during the forecast period with a market size of USD 401.41 million in 2024.

South America Plasterboard Market

According to Cognitive Market Research, the global Plasterboard market size was estimated at USD 24581.2 Million out of which the Latin America market is more than 5% of the global revenue with a market size of USD 1229.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031. In Latin America, the Plasterboard market showcases promising growth prospects driven by rising product launches. Regional analysis indicates that countries like Brazil, Mexico, Argentina, and Chile are significant contributors to market growth, supported by growing investment. Segmentation analysis reveals a diverse range of type including Standard, Fire-resistant, Sound-insulated, Moisture-resistant, Thermal, Specialist, Impact-resistant, Triple low-e & gas-filled. In conclusion, Latin America presents significant growth opportunities for Plasterboard manufacturers, driven by favourable market conditions and increasing investment.

• According to Cognitive Market Research, the Brazil Plasterboard market size was valued at USD 526.04 million in 2024 and is projected to grow at a CAGR of 6.2% during the forecast period. Plasterboard sales flourish in Brazil due to the nation's favourable market conditions.
• The Argentina Plasterboard market had a market share of USD 206.48 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. The demand is augmented by Argentina's rising construction industry.
• The Colombia Plasterboard market is projected to witness growth at a CAGR of 5.4% during the forecast period with a market size of USD 109.39 million in 2024.
• The Peru Plasterboard market is projected to witness growth at a CAGR of 5.8% during the forecast period with a market size of USD 100.78 million in 2024.
• The Chile Plasterboard market is projected to witness growth at a CAGR of 5.9% during the forecast period with a market size of USD 88.49 million in 2024.
• The Rest of Latin America Plasterboard market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD 197.88 million in 2024.

Middle East Plasterboard Market

According to Cognitive Market Research, the global Plasterboard market size was estimated at USD 24581.2 Million out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 491.62 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031. MEA the Plasterboard market showcases promising growth prospects driven by factors such as rising product launch and increasing investment. Segmentation analysis reveals a diverse range of type of Plasterboard in Middle East and Africa, including Standard, Fire-resistant, Sound-insulated, Moisture-resistant, Thermal, Specialist, Impact-resistant, Triple low-e & gas-filled. In conclusion, Middle East and Africa presents significant growth opportunities for Plasterboard manufacturers, driven by favourable market conditions and growing innovative product launch.

• The GCC Countries Plasterboard market is projected to witness growth at a CAGR of 6.7% during the forecast period with a market size of USD 210.42 million in 2024. Plasterboard sales flourish due to the region's favourable market conditions.
• The Egypt Plasterboard market is projected to witness growth at a CAGR of 6.2% during the forecast period with a market size of USD 51.62 million in 2024.
• The South Africa Plasterboard market is projected to witness growth at a CAGR of 6.9% during the forecast period with a market size of USD 77.68 million in 2024. Plasterboard sales flourish in South Africa due to the region's favourable market conditions and growing product launch.
• The Turkey Plasterboard market is projected to witness growth at a CAGR of 5.4% during the forecast period with a market size of USD 42.28 million in 2024.
• The Nigeria Plasterboard market is projected to witness growth at a CAGR of 5.0% during the forecast period with a market size of USD 51.62 million in 2024.
• The Rest of MEA Plasterboard market is projected to witness growth at a CAGR of 4.9% during the forecast period with a market size of USD 58.01 million in 2024.

Plasterboard Market Analysis

Plasterboard Market Type Segment Analysis

According to Cognitive Market Research, Fire-resistant type stands out as the dominating category. Fire-resistant plasterboard offers improved fire safety in building assemblies by being made to survive exposure to fire for a predetermined amount of time. Owing to strict building requirements, safety laws, and rising demand for fire-rated construction materials, particularly in commercial and high-rise buildings, revenue from fire-resistant plasterboard products may expand at an above-average rate.

Moisture-resistant type emerges as the fastest-growing category in the Plasterboard market. The demand for water-resistant solutions in residential and commercial construction projects may propel a consistent growth in revenue for moisture-resistant plasterboard materials.

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 Plasterboard Industry. Request a Free Sample PDF!

Plasterboard Market Form Segment Analysis

According to Cognitive Market Research, the dominating category is Tapered-edged. Plasterboard with a tapered edge makes it easier to create seamless, smooth walls and ceilings with few obvious connections. This gives interior areas a more polished, glossy appearance that improves their visual appeal. Therefore, for high-end residential, commercial, and institutional projects where excellent surface quality is desired, tapered-edged plasterboard is frequently preferred by builders, contractors, and homeowners.

The fastest-growing category in the Plasterboard market is Square-edged. Plasterboard with square edges can be used in a variety of residential and commercial building applications. It can be applied to a variety of interior finishing tasks as well as walls, ceilings, and partitions. Because of its adaptability, builders and contractors working on a variety of projects with varying design needs frequently use it.

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

Plasterboard End-Use Sector Segment Analysis

According to Cognitive Market Research, the dominating category is Residential. There is a direct correlation between new construction activity and the need for plasterboard in the residential sector. Plasterboard is required for interior wall partitions, ceilings, and other uses in newly constructed homes as housing demand rises as a result of population expansion, urbanization, and economic circumstances. The total growth of the residential building market drives revenue growth in this area.

The fastest-growing category in the Plasterboard market is Non-residential. Plasterboard demand is largely driven by non-residential construction projects, which include commercial structures including offices, retail stores, hotels, restaurants, and entertainment venues. Growth in the market for plasterboard products for interior partitions, ceilings, and wall coverings is fueled by urbanization, economic expansion, and shifting consumer preferences.

• Residential
• Non-residential

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

• 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
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals 
• 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.

Author's Conclusion