Gypsum board, also known as drywall or plasterboard, is a type of board made from gypsum plaster sandwiched between two sheets of paper. It is one of the most commonly used materials for walls and ceilings in both residential and commercial construction. Gypsum board is lightweight, easy to install, and has good fire resistance properties. It is also cost-effective compared to traditional plaster walls. Gypsum board is available in different types and thicknesses based on its intended use. Standard gypsum board is used in most interior applications, while fire-resistant gypsum board is used in areas that require increased fire resistance such as stairwells and elevator shafts. Moisture-resistant gypsum board is used in areas with high humidity such as bathrooms and kitchens. Gypsum board can be cut to size and easily shaped with a saw, making it easy to install. It is also easy to decorate since it can be painted or wallpapered. It is also recyclable, making it an eco-friendly option in construction.
The global gypsum board market is set to increase by US$ 4.7 billion from 2023 to 2028, representing a compound annual growth rate (CAGR) of 4.8% during the forecast period. The growth in the market is due to the increasing demand for eco-friendly and cost-effective construction materials, as well as the growing construction industry in developing countries. Gypsum board is an attractive option for builders and architects due to its fire resistance, durability, and ease of installation.
Wall board, also known as drywall, is the largest product type in the gypsum board market, as it is the most widely used product in the industry. It is primarily used in the construction of walls and ceilings in residential and commercial buildings due to its low cost, ease of installation, and versatility. While there are other product types in the gypsum board market, such as ceiling board, exterior sheathing and pre-decorated board, wall board remains the most commonly used and in high demand.
North America is currently the largest markets for gypsum board, followed closely by the Asia-Pacific and Europe region. The demand for gypsum board is expected to continue to increase in the coming years, particularly in emerging markets such as China, India, and Brazil.
The Asia-Pacific region is experiencing the fastest growth pace in the gypsum board market due to several key factors:
Rapid Urbanization: Many countries in the region are going through massive urbanization campaigns to create modern, livable, and sustainable cities. This has led to an increase in new construction projects, thus driving the demand for gypsum board.
Government Investments: Governments in Asia-Pacific countries have been heavily investing in infrastructure and construction projects to stimulate economic growth. This has led to a surge in construction activities, which, in turn, increases the demand for gypsum board.
Increasing Population: The region has a high population density, and the population is still growing. As a result, there is a constant demand for new residential and commercial buildings to accommodate the growing population.
Growing Middle-Class: The rising middle-class population in Asia-Pacific is driving the demand for better quality housing, office spaces, and shopping complexes. Gypsum board is an essential construction material used in the interior of these buildings.
Cost-Effective: Gypsum board is a cost-effective material, making it an attractive option for builders and developers in the Asia-Pacific region. It offers significant savings in construction costs while providing a high-quality finish.
Competitive Landscape
The gypsum board market is highly competitive, with many established players operating in the industry. Some of the key players in the market include Boral Limited, China National Building Material Group Co. Ltd., Compagnie de Saint-Gobain S.A. (CertainTeed Corporation), Dehua TB New Decoration Material Co. Ltd., Eagle Materials Inc., Etex NV, Georgia-Pacific LLC (Koch Industries Inc.), Global Gypsum Board Company LLC (Gypcore), Grenzebach BSH GmbH, Gypsemna Company LLC, Jason Gypsum Board (Jiaxing) Co. Ltd., KCC Corporation, Knauf Gips KG, National Gypsum Company, PABCO Building Products LLC (Pacific Coast Building Products Inc.), Shandong Baier Building Materials Co. Ltd., and Yoshino Transport Co. Ltd.
These companies are constantly focusing on product innovation, cost optimization, expanding their production capabilities and improving their distribution network in order to remain competitive in the industry. In addition, there are many smaller players in the market, especially in the Asia Pacific region, which is a rapidly growing market for gypsum board products. The market is characterized by intense competition, price sensitivity, and changing customer preferences, which is driving the companies to adapt to the changing market trends and customer needs.
Table of Contents
1. Introduction
1.1 Definition
1.2 Market Segment
2. Research Methodology
2.1 Primary Research
2.2 Secondary Research
2.3 Information Sources
3. Market Overview
4. Global Gypsum Board Market – Product Type Analysis
4.1 Ceiling board
4.2 Pre-decorated board
4.3 Wallboard
5. Global Gypsum Board Market – End User Analysis
5.1 Commercial
5.2 Industrial
5.3 Institutional
5.4 Residential
6. Global Gypsum Board Market – Region Analysis
6.1 North America
6.2 Europe
6.3 Asia-Pacific
6.4 MEA (Middle East and Africa)
6.5 Latin America
7. Company Profiles
7.1 Boral Limited
7.2 China National Building Material Group Co., Ltd.
7.3 Compagnie de Saint-Gobain S.A. (CertainTeed Corporation)
7.4 Dehua TB New Decoration Material Co., Ltd.
7.5 Eagle Materials Inc.
7.6 Etex NV
7.7 Everest Industries Ltd.
7.8 Georgia-Pacific LLC (Koch Industries Inc.)
7.9 Global Gypsum Board Company LLC (Gypcore)
7.10 Grenzebach BSH GmbH
7.11 Gypsemna Company LLC
7.12 Hangzhou Huahai Wood Industry Co., Ltd. (Treezo Group)
7.13 Jason Gypsum Board (Jiaxing) Co., Ltd.
7.14 KCC Corporation
7.15 Knauf Gips KG
7.16 Luofeier Building Material (Shenyang) Group Co., Ltd.
7.17 National Gypsum Company (Delcor, Inc.)
7.18 PABCO Building Products, LLC (Pacific Coast Building Products, Inc.)
7.19 Shandong Baier Building Materials Co., Ltd.
7.20 United Mining Industries Ltd. (UMI)
7.21 Winstone Wallboards Limited (Fletcher Building Limited)
7.22 Yoshino Transport Co., Ltd.
DISCLAIMER
Companies Mentioned
Boral Limited
China National Building Material Group Co., Ltd.
Compagnie de Saint-Gobain S.A. (CertainTeed Corporation)
Dehua TB New Decoration Material Co., Ltd.
Eagle Materials Inc.
Etex NV
Everest Industries Ltd.
Georgia-Pacific LLC (Koch Industries Inc.)
Global Gypsum Board Company LLC (Gypcore)
Grenzebach BSH GmbH
Gypsemna Company LLC
Hangzhou Huahai Wood Industry Co., Ltd. (Treezo Group)
Jason Gypsum Board (Jiaxing) Co., Ltd.
KCC Corporation
Knauf Gips KG
Luofeier Building Material (Shenyang) Group Co., Ltd.
National Gypsum Company (Delcor, Inc.)
PABCO Building Products, LLC (Pacific Coast Building Products, Inc.)
Shandong Baier Building Materials Co., Ltd.
United Mining Industries Ltd. (UMI)
Winstone Wallboards Limited (Fletcher Building Limited)
Yoshino Transport Co., Ltd.