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Drywall and Gypsum Board Market

ID: MRFR/PCM/3842-HCR
100 Pages
Harshita Gorade
October 2025

Drywall and Gypsum Board Market Research Report Information, By Product (Wallboard, Ceiling Board, and Pre-Decorated Board), By End-User (Residential, and Non-Residential) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2035

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Drywall and Gypsum Board Market Infographic
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Drywall and Gypsum Board Market Summary

As per MRFR analysis, the Drywall and Gypsum Board Market Size was estimated at 33.78 USD Billion in 2024. The Drywall and Gypsum Board industry is projected to grow from 35.79 USD Billion in 2025 to 63.8 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 5.95 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Drywall and Gypsum Board Market is experiencing a dynamic shift towards sustainability and technological innovation.

  • North America remains the largest market for drywall and gypsum board, driven by robust construction activities.
  • The Asia-Pacific region is emerging as the fastest-growing market, fueled by rapid urbanization and infrastructure development.
  • The residential segment continues to dominate, while the commercial segment is witnessing the fastest growth due to increasing demand for modern office spaces.
  • Rising construction activities and regulatory support for sustainable building practices are key drivers propelling market expansion.

Market Size & Forecast

2024 Market Size 33.78 (USD Billion)
2035 Market Size 63.8 (USD Billion)
CAGR (2025 - 2035) 5.95%

Major Players

USG Corporation (US), Knauf Gips (DE), Saint-Gobain (FR), National Gypsum Company (US), Georgia-Pacific LLC (US), CertainTeed (US), Armstrong World Industries (US), Boral Limited (AU), Etex Group (BE)

Drywall and Gypsum Board Market Trends

The Drywall and Gypsum Board Market is currently experiencing a dynamic evolution, driven by various factors that influence construction practices and material preferences. The increasing demand for lightweight, cost-effective, and sustainable building materials is reshaping the landscape of this market. As urbanization accelerates globally, the need for efficient construction solutions becomes paramount. Consequently, drywall and gypsum boards are gaining traction due to their ease of installation and versatility in design applications. Furthermore, advancements in manufacturing technologies are enhancing product quality and performance, which may lead to broader adoption across diverse sectors, including residential, commercial, and industrial construction. In addition to technological innovations, environmental considerations are becoming increasingly relevant. The Drywall and Gypsum Board Market is witnessing a shift towards eco-friendly products, as consumers and builders alike prioritize sustainability. This trend is likely to foster the development of recycled and low-emission materials, aligning with global efforts to reduce carbon footprints. As the market continues to evolve, stakeholders must remain vigilant to emerging trends and consumer preferences, ensuring that they adapt to the changing landscape while maintaining competitive advantages.

Sustainability Focus

The emphasis on environmentally friendly materials is reshaping the Drywall and Gypsum Board Market. Manufacturers are increasingly producing products that utilize recycled content and low-emission processes, appealing to eco-conscious consumers and builders.

Technological Advancements

Innovations in manufacturing techniques are enhancing the quality and performance of drywall and gypsum boards. These advancements may lead to improved durability, fire resistance, and moisture control, making these materials more attractive for various applications.

Urbanization and Infrastructure Development

The ongoing trend of urbanization is driving demand for efficient construction solutions. As cities expand, the need for quick and effective building materials like drywall and gypsum boards is likely to increase, supporting rapid infrastructure development.

Drywall and Gypsum Board Market Drivers

Increasing Construction Activities

The Global Drywall and Gypsum Board Market Industry experiences robust growth due to the rising number of construction projects worldwide. As urbanization accelerates, particularly in developing regions, the demand for residential and commercial buildings surges. In 2024, the market is valued at approximately 33.8 USD Billion, reflecting the industry's response to increased construction activities. Governments are investing in infrastructure development, which further propels the need for drywall and gypsum board products. This trend is expected to continue, with projections indicating a market value of 63.5 USD Billion by 2035, driven by a compound annual growth rate of 5.9% from 2025 to 2035.

Sustainability and Eco-Friendly Products

Sustainability trends significantly influence the Global Drywall and Gypsum Board Market Industry, as consumers and builders increasingly prioritize eco-friendly materials. Gypsum board products are often manufactured using recycled materials and are recyclable themselves, appealing to environmentally conscious stakeholders. This shift towards sustainable construction practices is likely to enhance the market's growth, as regulations and standards evolve to favor green building materials. The industry's adaptation to these trends not only meets consumer demand but also aligns with global initiatives aimed at reducing carbon footprints. Consequently, the market is poised for expansion as more builders adopt sustainable practices.

Technological Advancements in Manufacturing

Technological innovations play a crucial role in shaping the Global Drywall and Gypsum Board Market Industry. Advances in manufacturing processes enhance product quality and reduce production costs, making drywall and gypsum board more accessible to builders. Automation and improved machinery contribute to increased efficiency, allowing manufacturers to meet rising demand without compromising quality. As the industry embraces these technological advancements, it is likely to witness a surge in productivity and profitability. This trend aligns with the overall growth trajectory of the market, which is projected to reach 63.5 USD Billion by 2035, driven by a CAGR of 5.9% from 2025 to 2035.

Growing Awareness of Fire Safety Regulations

The Global Drywall and Gypsum Board Market Industry is increasingly influenced by heightened awareness of fire safety regulations. As building codes evolve to prioritize safety, the demand for fire-resistant drywall products rises. Gypsum board, known for its fire-resistant properties, becomes a preferred choice among builders and architects. This trend is particularly relevant in commercial and high-rise residential buildings, where safety standards are stringent. The industry's responsiveness to these regulations not only enhances product offerings but also drives market growth. As safety becomes a focal point in construction, the demand for specialized drywall products is expected to increase, further supporting the market's expansion.

Rising Demand for Prefabricated Construction

The Global Drywall and Gypsum Board Market Industry benefits from the increasing popularity of prefabricated construction methods. Prefabrication allows for faster construction timelines and reduced labor costs, making it an attractive option for builders. As more projects adopt this approach, the demand for drywall and gypsum board products rises, as these materials are integral to the prefabrication process. This trend is particularly evident in commercial construction, where speed and efficiency are paramount. The industry's ability to adapt to these changing construction methodologies positions it for sustained growth, contributing to the projected market value of 63.5 USD Billion by 2035.

Market Segment Insights

By Application: Residential (Largest) vs. Commercial (Fastest-Growing)

The drywall and gypsum board market is dominated by the residential application segment, which encompasses homes and individual dwelling units. This segment holds the largest market share due to the continuous housing developments and renovation activities. Conversely, the commercial segment, which includes office spaces, retail stores, and educational institutions, is witnessing rapid growth, driven by increasing infrastructure investments and urbanization trends. Evaluating growth trends, the residential segment benefits from a consistent demand fueled by population growth and a shift towards sustainable living spaces. Meanwhile, the commercial sector is emerging as the fastest-growing segment, spurred by the demand for modern workspaces and commercial buildings tailored to new business models. This dynamic environment is likely to foster innovation and adaptation within both segments to meet evolving customer preferences.

Residential (Dominant) vs. Commercial (Emerging)

In the drywall and gypsum board market, the residential segment stands as the dominant force, primarily due to the ongoing expansion of the real estate sector and the preference for lightweight, easy-to-install materials. Homeowners are increasingly opting for gypsum boards for their aesthetic appeal and versatility, making this segment a key player in market dynamics. On the other hand, the commercial segment is classified as an emerging venue, marked by a surge in new building projects and refurbishments in various sectors, including retail, education, and healthcare. Businesses are investing in innovative designs and eco-friendly materials to enhance work environments and attract customers, positioning this segment for significant growth in the near future. The interaction between residential and commercial needs highlights a balanced and adaptive market landscape.

By Type: Regular Drywall (Largest) vs. Moisture Resistant Drywall (Fastest-Growing)

The drywall and gypsum board market is primarily segmented into four key types: Regular Drywall, Moisture Resistant Drywall, Fire Resistant Drywall, and Soundproof Drywall. Among these, Regular Drywall holds the largest share, driven by its widespread applications in residential and commercial constructions. However, Moisture Resistant Drywall is rapidly gaining traction due to increasing awareness and demand for durable and humidity-resistant solutions in areas like kitchens and bathrooms, marking it as the fastest-growing segment.

Regular Drywall (Dominant) vs. Moisture Resistant Drywall (Emerging)

Regular Drywall is the cornerstone of the drywall market, offering a cost-effective and versatile solution for various construction and renovation projects. Its extensive use in interior applications is driven by its ease of installation and finishing. In contrast, Moisture Resistant Drywall is increasingly preferred in areas exposed to humidity, such as bathrooms and kitchens. Its compositional modifications grant it superior resistance to mold and mildew, making it an essential option in regions with high moisture levels. As sustainability and health considerations rise, both segment types continue to evolve, meeting changing consumer demands and safety standards.

By End Use: New Construction (Largest) vs. Renovation (Fastest-Growing)

In the Drywall and Gypsum Board Market, the end use segment is primarily comprised of four key areas: new construction, renovation, repair, and maintenance. Among these, new construction commands the largest share, reflecting robust activity in residential and commercial building projects. The renovation segment, on the other hand, is gaining momentum, driven by increasing investments in home improvements and modernization of existing structures, highlighting evolving consumer preferences towards aesthetic upgrades and functionality improvements. Growth trends in this segment are significantly influenced by economic conditions, regulatory standards, and shifts in consumer behavior. The rise in new construction is supported by a booming housing market and urban development initiatives. Conversely, the renovation segment stands out as the fastest-growing due to rising homeownership rates and aging infrastructure, leading homeowners to undertake remodeling projects to enhance property value and energy efficiency.

New Construction: Dominant vs. Renovation: Emerging

In the Drywall and Gypsum Board Market, new construction is characterized by its critical role in driving demand, particularly in booming urban areas where new residential and commercial developments are prevalent. This segment benefits from substantial backing by developers and builders who prioritize the use of drywall for its efficiency and cost-effectiveness. On the other hand, the renovation segment is emerging as a vibrant market, fueled by trends such as sustainable living and smart home technologies. Homeowners are increasingly seeking to upgrade their spaces, leading to renovations that not only improve aesthetics but also enhance energy efficiency. This dual focus on new building projects and renovation reflects a dynamic market poised for continued growth.

By Thickness: Standard (Largest) vs. Thin (Fastest-Growing)

The drywall and gypsum board market showcases a diverse thickness segment, which is pivotal to catering to varied construction needs. Currently, the standard thickness segment holds the largest market share, primarily due to its widespread application in residential and commercial constructions. Thin drywall options are gaining traction, particularly for interior applications where weight and space are critical factors, thus positioning them as a competitive alternative. As a result, the market is increasingly segmented based on thickness preferences, highlighting the necessity for manufacturers to innovate in this area.

Thickness: Standard (Dominant) vs. Thin (Emerging)

The 'Standard' thickness of drywall is recognized for its versatility and robustness, making it a go-to choice for both builders and homeowners. This thickness level is lauded for its balance between structural integrity and ease of installation, rendering it suitable for a wide array of applications, from walls to ceilings. On the other hand, 'Thin' drywall is emerging as a preferred option, especially in renovation projects where minimizing weight is essential. Its growing popularity can be attributed to its efficiency in confined spaces and its cost-effectiveness. Both segment values reflect the evolving preferences and demands in the drywall market.

By Installation Method: Screw Installation (Largest) vs. Nail Installation (Fastest-Growing)

In the Drywall and Gypsum Board Market, the distribution of installation methods showcases a clear dominance of screw installation. This method is preferred for its reliability and strength, leading to substantial market share. Nail installation, while traditionally popular, is gradually losing ground to more modern techniques. The adhesive installation method has been gaining attention as well, catering to specialized applications that require a quick and efficient bonding solution. The growth trends within this segment reveal a shifting preference towards screw installation as the construction industry emphasizes durability and compliance with safety standards. Conversely, nail installation is evolving, with innovations in nail technology contributing to its resurgence. Adhesive installation is recognized for its efficiency in specific applications, driven by the growing demand for seamless and quick installation processes in modern construction projects.

Screw Installation (Dominant) vs. Adhesive Installation (Emerging)

Screw installation stands out as the dominant method in the Drywall and Gypsum Board Market due to its comprehensive benefits of strength, durability, and adaptability in various applications. In contrast, adhesive installation, while emerging, has gained traction for its ability to provide seamless and efficient installation processes. The preference for screw installation is primarily driven by the increasing focus on long-term structural integrity in construction projects. On the other hand, adhesive installation appeals to niche markets where conventional fastening is impractical, highlighting the innovation within installation techniques. Both methods reflect evolving market needs, underscoring the importance of efficiency and reliability in modern drywall applications.

Get more detailed insights about Drywall and Gypsum Board Market

Regional Insights

North America : Market Leader in Drywall

North America continues to lead the Drywall and Gypsum Board market, holding a significant share of 16.89 in 2024. The growth is driven by robust construction activities, particularly in residential and commercial sectors, alongside increasing investments in infrastructure. Regulatory support for sustainable building practices further fuels demand, as more projects seek eco-friendly materials. The region's focus on energy efficiency and safety standards also plays a crucial role in market expansion. The competitive landscape in North America is characterized by the presence of major players such as USG Corporation, National Gypsum Company, and Georgia-Pacific LLC. These companies are leveraging advanced technologies and innovative products to meet the growing demand. The U.S. remains the largest market, with Canada and Mexico also contributing significantly. The ongoing recovery in construction post-pandemic is expected to sustain growth in this region.

Europe : Emerging Market Dynamics

Europe's Drywall and Gypsum Board market is projected to grow, with a market size of 9.95 by 2025. Key growth drivers include increasing urbanization, rising demand for residential housing, and stringent building regulations promoting energy-efficient materials. The European Union's commitment to sustainability and green building practices is also a significant catalyst, encouraging the use of gypsum products in construction. This regulatory environment is expected to enhance market growth in the coming years. Leading countries in this region include Germany, France, and the UK, where major players like Knauf Gips and Saint-Gobain are actively expanding their market presence. The competitive landscape is marked by innovation and product diversification, with companies focusing on lightweight and fire-resistant drywall solutions. The market is also witnessing collaborations and partnerships aimed at enhancing product offerings and sustainability initiatives.

Asia-Pacific : Rapid Growth Potential

The Asia-Pacific region, with a market size of 5.09, is witnessing rapid growth in the Drywall and Gypsum Board market. This growth is primarily driven by urbanization, population growth, and increasing investments in infrastructure development. Countries like China and India are leading this trend, with significant government initiatives aimed at boosting construction activities. The rising awareness of sustainable building materials is also contributing to the demand for gypsum products in the region. China stands out as the largest market, followed by India and Japan, where key players like Boral Limited and Etex Group are establishing a strong foothold. The competitive landscape is evolving, with local manufacturers emerging alongside established global players. The region's focus on modernizing construction practices and enhancing building standards is expected to further propel market growth in the coming years.

Middle East and Africa : Emerging Market Opportunities

The Middle East and Africa (MEA) region, with a market size of 1.85, is gradually emerging as a significant player in the Drywall and Gypsum Board market. The growth is driven by increasing construction activities, particularly in the Gulf Cooperation Council (GCC) countries, where infrastructure development is a priority. Government initiatives aimed at diversifying economies and enhancing urban development are also contributing to market expansion. The demand for sustainable building materials is on the rise, aligning with global trends. Leading countries in this region include the UAE, Saudi Arabia, and South Africa, where companies are focusing on innovative solutions to meet the growing demand. The competitive landscape is characterized by both local and international players, with a focus on quality and sustainability. As the region continues to invest in construction and infrastructure, the gypsum market is expected to see substantial growth in the coming years.

Key Players and Competitive Insights

The Drywall and Gypsum Board Market is characterized by a competitive landscape that is increasingly shaped by innovation, sustainability, and strategic partnerships. Key players such as USG Corporation (US), Knauf Gips (DE), and Saint-Gobain (FR) are actively pursuing strategies that emphasize technological advancements and regional expansion. For instance, USG Corporation (US) has focused on enhancing its product offerings through innovative designs and sustainable materials, which positions it favorably in a market that is progressively leaning towards eco-friendly solutions. Similarly, Knauf Gips (DE) has been expanding its footprint in emerging markets, indicating a strategic focus on geographical diversification to capture new growth opportunities. These collective strategies contribute to a dynamic competitive environment where differentiation is increasingly based on product innovation and sustainability initiatives.

In terms of business tactics, companies are localizing manufacturing and optimizing supply chains to enhance operational efficiency and reduce costs. The market structure appears moderately fragmented, with several key players exerting influence while also allowing for smaller companies to thrive. This fragmentation suggests that while major corporations dominate, there remains room for niche players to carve out their own market segments, particularly in specialized applications or regional markets.

In November 2025, Saint-Gobain (FR) announced a significant investment in a new manufacturing facility in Eastern Europe, aimed at increasing production capacity for its high-performance drywall products. This strategic move not only enhances Saint-Gobain's operational capabilities but also aligns with its commitment to sustainability by utilizing energy-efficient technologies in the new plant. Such investments are likely to bolster the company's competitive edge in a region that is witnessing a surge in construction activities.

In October 2025, Knauf Gips (DE) launched a new line of eco-friendly gypsum boards that incorporate recycled materials, reflecting a growing trend towards sustainability in construction materials. This initiative not only meets the increasing demand for green building products but also positions Knauf as a leader in sustainable practices within the industry. The introduction of these products could potentially attract environmentally conscious consumers and contractors, thereby enhancing market share.

In September 2025, USG Corporation (US) entered into a strategic partnership with a technology firm to develop AI-driven solutions for optimizing drywall installation processes. This collaboration aims to streamline operations and reduce labor costs, which is particularly relevant in a market where efficiency is paramount. The integration of AI technologies may provide USG with a competitive advantage by improving project timelines and reducing waste, thus appealing to cost-sensitive customers.

As of December 2025, the competitive trends in the Drywall and Gypsum Board Market are increasingly defined by digitalization, sustainability, and the integration of advanced technologies. Strategic alliances are becoming more prevalent, as companies recognize the value of collaboration in enhancing innovation and market reach. Looking ahead, it is anticipated that competitive differentiation will evolve from traditional price-based competition to a focus on innovation, technological advancements, and supply chain reliability. This shift underscores the importance of adapting to changing market demands and consumer preferences, ultimately shaping the future landscape of the industry.

Key Companies in the Drywall and Gypsum Board Market market include

Industry Developments

October 2022: In Huedin, Cluj County, USGKnauf announced plans to build a new gypsum wallboard mill. By funding an initiative to renovate the nation's housing stock, the investment is anticipated to progress the Romanian government's 'energy savings offensive'.

July 2022: With projected net sales of EUR 80 million (USD 93 million) in 2022, Cantillana is a top provider of speciality building solutions with headquarters in Belgium. Cantillana was acquired by Holcim. The position of Holcim in building refurbishment and energy-efficient solutions may be strengthened by this acquisition.

February 2022: The three largest plasterboard manufacturers in Australia were finally acquired by Etex. With the achievement of this strategic goal, Etex is now better positioned to grow its presence in the nation's mature construction sector. In 2021, Etex's recently acquired plasterboard business in Australia contributed EUR 124 (USD 144.74) million in revenue.

Future Outlook

Drywall and Gypsum Board Market Future Outlook

The Drywall and Gypsum Board Market is projected to grow at a 5.95% CAGR from 2024 to 2035, driven by urbanization, construction demand, and sustainability trends.

New opportunities lie in:

  • Expansion into eco-friendly gypsum board production
  • Development of advanced lightweight drywall solutions
  • Integration of smart technology in drywall applications

By 2035, the market is poised for robust growth, reflecting evolving construction needs and technological advancements.

Market Segmentation

Drywall and Gypsum Board Market Type Outlook

  • Regular Drywall
  • Moisture Resistant Drywall
  • Fire Resistant Drywall
  • Soundproof Drywall

Drywall and Gypsum Board Market End Use Outlook

  • New Construction
  • Renovation
  • Repair
  • Maintenance

Drywall and Gypsum Board Market Thickness Outlook

  • Thin
  • Standard
  • Thick

Drywall and Gypsum Board Market Application Outlook

  • Residential
  • Commercial
  • Industrial
  • Institutional

Drywall and Gypsum Board Market Installation Method Outlook

  • Screw Installation
  • Nail Installation
  • Adhesive Installation

Report Scope

MARKET SIZE 202433.78(USD Billion)
MARKET SIZE 202535.79(USD Billion)
MARKET SIZE 203563.8(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)5.95% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledUSG Corporation (US), Knauf Gips (DE), Saint-Gobain (FR), National Gypsum Company (US), Georgia-Pacific LLC (US), CertainTeed (US), Armstrong World Industries (US), Boral Limited (AU), Etex Group (BE)
Segments CoveredApplication, Type, End Use, Thickness, Installation Method
Key Market OpportunitiesIntegration of sustainable materials and technologies in the Drywall and Gypsum Board Market presents growth opportunities.
Key Market DynamicsRising demand for sustainable building materials drives innovation and competition in the Drywall and Gypsum Board Market.
Countries CoveredNorth America, Europe, APAC, South America, MEA

Market Highlights

Author
Harshita Gorade
Research Analyst

Harshita Post graduate MBA in Business Administration from Welingkar Institute, Mumbai and 5 years of experience in the field of product market research. As a Research Analyst, I have cross-domain experience in packaging, and industrial Automation & Equipment. I am currently looking after the research process of packaging, logistics & transportation, and industrial automation & equipment at Market Research Future Reports. My responsibilities at the organization involve handling syndicate and custom reports as well as responding to client inquiries, and organize, co-ordinate with a group of 5 to 6 persons to manage all workflows.

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FAQs

How much is the Drywall and Gypsum Board Market?

The Drywall and Gypsum Board market size was valued at USD 33.78 Billion in 2024.

What is the growth rate of the Drywall and Gypsum Board market?

Drywall and Gypsum Board Market is projected to register a CAGR of 5.95% from 2025-2035

Which region held the largest market share in the Drywall and Gypsum Board market?

North America had the largest share in the Drywall and Gypsum Board Market.

Who are the key players in the Drywall and Gypsum Board market?

The key players in the Drywall and Gypsum Board Market are USG Zawawi Drywall LLC SFZ (Oman), Knauf Middle East (Dubai), Gypsemna Co. LLC (Dubai), Mining Co. LLC (Oman), Gulf Gypsum Co. (Qatar), National Gypsum Co. (U.S.), Etex Group (Belgium), Lafarge Group (France)

Which product led the Drywall and Gypsum Board market?

The beverage category dominated the Drywall and Gypsum Board Market in 2022.

Which end-user had the largest market share in the Drywall and Gypsum Board market?

The store based had the largest share in the Drywall and Gypsum Board Market.

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