PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1733917
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1733917
Global Gypsum and Drywall Market to Reach US$41.4 Billion by 2030
The global market for Gypsum and Drywall estimated at US$31.4 Billion in the year 2024, is expected to reach US$41.4 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2024-2030. Wallboard, one of the segments analyzed in the report, is expected to record a 6.0% CAGR and reach US$20.6 Billion by the end of the analysis period. Growth in the Ceiling Board segment is estimated at 3.5% CAGR over the analysis period.
The U.S. Market is Estimated at US$8.5 Billion While China is Forecast to Grow at 8.8% CAGR
The Gypsum and Drywall market in the U.S. is estimated at US$8.5 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$8.8 Billion by the year 2030 trailing a CAGR of 8.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.9% and 3.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.
Global Gypsum and Drywall Market - Key Trends & Drivers Summarized
Why Are Gypsum and Drywall Solutions Becoming Indispensable in Modern Construction?
Gypsum and drywall systems have evolved into essential components of modern construction due to their structural efficiency, cost-effectiveness, and adaptability. Gypsum, primarily composed of calcium sulfate dihydrate, is processed into boards or panels used for interior walls and ceilings in residential, commercial, and industrial buildings. Drywall offers superior advantages over traditional lath-and-plaster methods, including quicker installation, enhanced fire resistance, and acoustic insulation, making it the material of choice in fast-paced urban construction projects across the globe.
The widespread adoption of drywall systems is also fueled by their compatibility with modular and prefabricated construction models. As the construction sector shifts toward leaner timelines and standardized design, gypsum boards provide the flexibility needed for partitioning, lining, and even decorative applications. Additionally, their lightweight nature makes them suitable for high-rise buildings, reducing structural load without compromising integrity. This utility, combined with evolving aesthetic expectations and regulatory support for fire safety and sustainability, is pushing drywall into mainstream architectural design.
How Are Product Innovations and Sustainability Goals Driving Market Transformation?
Gypsum and drywall manufacturers are continually innovating to address modern performance needs while aligning with global sustainability goals. Recent product advancements include moisture-resistant boards, soundproof drywall, impact-resistant panels, and mold-resistant variants-designed for use in wet areas such as bathrooms and kitchens, or high-traffic environments like schools and hospitals. These engineered boards enable targeted application across different use cases, significantly expanding their utility in complex building projects.
On the sustainability front, the use of synthetic gypsum-produced as a by-product from flue gas desulfurization in coal-fired plants-is growing, reducing reliance on natural gypsum mining and supporting circular economy models. Additionally, recyclable drywall panels and environmentally certified products are now widely available, supporting LEED and BREEAM green building certification goals. Digital integration in manufacturing, such as precision cutting systems and automated board assembly, is also enhancing product consistency and reducing material waste at construction sites.
Which Construction Sectors and Global Markets Are Spearheading Demand?
The residential construction sector remains the largest consumer of gypsum and drywall products, particularly in North America, China, India, and Southeast Asia, where rapid urbanization, population growth, and housing initiatives are fueling demand. Multi-family housing, affordable housing programs, and smart city projects all depend on efficient, scalable building materials-conditions under which gypsum boards excel. In the commercial sector, demand is equally robust in office interiors, retail environments, and hospitality developments, where fast turnaround and customizable interior solutions are essential.
Regionally, North America holds the largest market share due to mature drywall usage patterns and widespread renovation activity. The U.S. market is especially dynamic, driven by sustained housing demand, commercial build-outs, and DIY home improvement trends. Meanwhile, the Asia-Pacific region is experiencing the fastest growth, supported by industrialization, government investment in infrastructure, and growing adoption of Western-style construction techniques. Europe, with its emphasis on energy-efficient retrofitting and interior design modernization, continues to expand drywall usage in both new and refurbishment projects.
The Growth in the Gypsum and Drywall Market Is Driven by Several Factors…
The growth in the gypsum and drywall market is driven by several factors tied to construction industry dynamics, product performance innovation, and regulatory momentum toward sustainable building materials. Technologically, improvements in drywall composition-such as high-performance fire-rated, water-resistant, and soundproof panels-are enabling usage in specialized settings, expanding the end-user base across commercial, healthcare, and institutional sectors. Automation in board production and on-site installation tools is reducing labor time and material waste, enhancing project profitability.
On the end-use front, the surge in modular and prefabricated construction, renovation of aging building stock, and the rapid expansion of urban housing across emerging economies are major demand drivers. Additionally, building codes that mandate fire resistance and indoor air quality, along with global green construction mandates, are favoring drywall systems over conventional wet-wall techniques. The availability of recycled and synthetic gypsum further supports material sustainability, making gypsum-based drywall an increasingly vital solution in the global construction ecosystem.
SCOPE OF STUDY:
The report analyzes the Gypsum and Drywall market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Product (Wallboard, Ceiling Board, Pre-Decorated Board, Other Products); Thickness (Above 5 / 8 Inch, 5 / 8 Inch, 1 / 2 Inch); End-User (Commercial, Residential)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Select Competitors (Total 42 Featured) -
TARIFF IMPACT FACTOR
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APRIL 2025: NEGOTIATION PHASE
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