×
Request Free Sample ×

Kindly complete the form below to receive a free sample of this Report

* Please use a valid business email

Leading companies partner with us for data-driven Insights

clients tt-cursor
Hero Background

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

Share:
Download PDF ×

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Drywall and Gypsum Board Market Infographic
×
Drywall and Gypsum Board Market Infographic Full View
Purchase Options

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.
  • Asia-Pacific is emerging as the fastest-growing region, 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 a heightened focus on energy efficiency 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 KG (DE), Saint-Gobain (FR), National Gypsum Company (US), Georgia-Pacific LLC (US), CertainTeed Corporation (US), Etex Group (BE), Armstrong World Industries (US), Boral Limited (AU)

Drywall and Gypsum Board Market Trends

The Drywall and Gypsum Board Market is currently experiencing a dynamic phase characterized by evolving consumer preferences and technological advancements. The demand for lightweight, durable, and sustainable building materials is on the rise, driven by a growing emphasis on energy efficiency and environmental responsibility. As construction practices shift towards greener solutions, manufacturers are increasingly focusing on developing innovative products that meet these criteria. This trend is likely to reshape the competitive landscape, as companies strive to differentiate themselves through enhanced product offerings and sustainable practices. Moreover, the Drywall and Gypsum Board Market is witnessing a surge in residential and commercial construction activities, which further fuels the need for efficient building materials. Urbanization and population growth are contributing factors, as they create a pressing demand for housing and infrastructure. In this context, the market appears poised for growth, with stakeholders exploring new opportunities in emerging regions. The integration of smart technologies into construction processes may also play a pivotal role in enhancing productivity and reducing waste, thereby influencing future market dynamics.

Sustainability Initiatives

The Drywall and Gypsum Board Market is increasingly influenced by sustainability initiatives. Manufacturers are adopting eco-friendly practices, such as using recycled materials and reducing waste during production. This shift not only meets regulatory requirements but also aligns with consumer preferences for environmentally responsible products.

Technological Advancements

Technological advancements are reshaping the Drywall and Gypsum Board Market. Innovations in manufacturing processes and product design are leading to the development of lighter, stronger, and more versatile materials. These advancements enhance performance and open new applications in construction.

Urbanization and Infrastructure Development

Urbanization and infrastructure development are driving demand in the Drywall and Gypsum Board Market. As cities expand and populations grow, the need for residential and commercial spaces increases. This trend creates opportunities for manufacturers to supply materials that meet the evolving needs of modern construction.

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)

In the Drywall and Gypsum Board Market, the application segments are primarily divided into Residential, Commercial, Industrial, and Institutional. Among these, the Residential segment holds the largest market share as it is the most common application for drywall and gypsum boards, primarily driven by new housing constructions and renovations. The Commercial segment, on the other hand, is rapidly gaining traction, largely due to increasing commercial building projects and renovations, making it a key player in the market dynamics.

Residential (Dominant) vs. Commercial (Emerging)

The Residential segment is characterized by its broad application in housing projects, including single-family homes and apartment complexes. It reinforces its dominant position due to the continuous demand for residential buildings and home renovations. In contrast, the Commercial segment is emerging quickly, fueled by a surge in retail and office space developments. The growing need for modernized commercial interiors and compliance with building codes also supports its rise. Both segments reflect evolving consumer preferences and regulatory trends, shaping the market landscape accordingly.

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

In the Drywall and Gypsum Board Market, Regular Drywall stands as the largest segment, dominating the market with its widespread application in residential and commercial construction. It holds significant share due to its cost-effectiveness and versatility, making it a staple choice for builders. In contrast, Moisture Resistant Drywall, though smaller in market share, is rapidly gaining traction, especially in regions prone to higher humidity levels, thereby catering to a growing demand for more specialized building materials.

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

Regular Drywall is characterized by its standard capabilities, primarily used in non-humid environments, making it the foundational choice in mainstream applications. Conversely, Moisture Resistant Drywall is specifically designed to withstand humidity, finding its market among bathrooms and kitchens, thus, increasingly favored in home and commercial builds where moisture management is crucial. Fire Resistant Drywall, while established as a dominant segment, is essential for safety regulations in construction, providing additional protection against fire hazards, appealing to safety-conscious consumers, and construction standards.

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

In the Drywall and Gypsum Board Market, the market share distribution reveals that standard thickness drywall holds the largest share, reflecting its widespread adoption across various construction applications. This segment is favored for its balance of strength and weight, making it the go-to choice for most building projects. In contrast, the thin drywall segment, which has recently gained traction, demonstrates a rapidly increasing market presence due to its lightweight properties and ease of installation, appealing to niche applications including modular and prefabricated structures.

Thin (Emerging) vs. Standard (Dominant)

Thin drywall is increasingly recognized as an emerging choice for modern construction, driven by its lightweight nature, which facilitates quicker installation and reduces labor costs. As energy efficiency gains prominence, builders are also drawn to thin drywall's ability to be integrated with various insulation materials while maintaining structural integrity. Meanwhile, standard drywall remains the dominant segment in the market due to its robustness and versatility, making it suitable for a wide array of applications from residential to commercial projects. The preference for standard thickness is anchored in its reliability, ensuring it holds a strong position even as emerging trends push for more innovative solutions.

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

The Drywall and Gypsum Board Market is characterized by significant market shares among its end-use segments, particularly featuring New Construction as the foremost segment in terms of market demand. This segment is widely favored in the industry due to its critical role in residential and commercial building projects. Meanwhile, Renovation is also noteworthy, as it captures an increasing share driven by rising home improvement activities and the necessity to upgrade existing structures. Over time, Repair has maintained a consistent presence but tends to follow the fluctuations of the other two segments closely.

New Construction: (Dominant) vs. Renovation (Emerging)

New Construction holds a dominant position in the Drywall and Gypsum Board Market as it is primarily linked to ongoing urban growth and infrastructure development. This segment attracts major investments, reflecting a trend towards building new residential and commercial establishments. Renovation, while emerging, is growing rapidly due to heightened awareness about sustainability and energy efficiency. Consumers are increasingly engaging in home renovations to enhance comfort and aesthetic appeal, further driving demand for drywall and gypsum boards. This segment is increasingly seen as a vital contributor to market dynamics, focusing on innovative designs and contemporary materials.

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

In the Drywall and Gypsum Board Market, screw installation holds the largest market share among installation methods, primarily due to its robustness and reliability. It is preferred for its ability to securely fasten drywall to framing and is favored in large commercial projects, where durability is essential. Nail installation, while traditional, has seen a decline in preference as screws offer superior hold and reduced cracking of the drywall. Conversely, adhesive installation, although currently a smaller segment, is rapidly gaining traction, especially in residential renovations where ease of use is highly valued.

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

Screw installation is undoubtedly the dominant method in the Drywall and Gypsum Board Market, known for providing a solid and reliable fastening system that prevents sagging and ensures longevity. This method is particularly favored in commercial construction, where structural integrity is crucial. On the other hand, adhesive installation represents an emerging trend, appealing to DIY enthusiasts and residential projects due to its straightforward application and quick setting time. While it does not match the screw method in terms of strength, its accessibility and convenience make it increasingly popular, suggesting a shift in contractor preferences as the market evolves.

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 companies seek eco-friendly materials to comply with evolving standards. The competitive landscape is characterized by major players such as USG Corporation, National Gypsum Company, and Georgia-Pacific LLC. These companies leverage advanced technologies and innovative products to maintain their market positions. The U.S. remains the largest market, with Canada and Mexico also contributing to regional growth. The focus on renovation and remodeling projects is expected to sustain demand in the coming years.

Europe : Growing Demand for Sustainable Solutions

Europe's Drywall and Gypsum Board market is projected to grow, with a market size of 9.95 in 2024. The demand is primarily driven by increasing construction activities and a strong emphasis on sustainable building practices. Regulatory frameworks across the EU promote energy-efficient and environmentally friendly materials, which are crucial for meeting stringent building codes and standards. Leading countries in this region include Germany, France, and the UK, where major players like Knauf Gips KG and Saint-Gobain are prominent. The competitive landscape is evolving, with companies investing in R&D to develop innovative products that align with sustainability goals. The market is also witnessing a rise in partnerships and collaborations to enhance product offerings and expand market reach.

Asia-Pacific : Emerging Market with High Potential

The Asia-Pacific region, with a market size of 5.09 in 2024, is witnessing rapid growth in the Drywall and Gypsum Board market. This growth is fueled by urbanization, increasing disposable incomes, and a surge in construction activities across countries like China and India. Government initiatives aimed at improving infrastructure and housing are also significant drivers of demand. China stands out as the largest market, with substantial contributions from India and Australia. Key players such as Boral Limited and Etex Group are expanding their operations to capitalize on the growing demand. The competitive landscape is marked by a mix of local and international companies, all vying for market share in this dynamic environment.

Middle East and Africa : Untapped Market Opportunities

The Middle East and Africa region, with a market size of 1.85 in 2024, presents untapped opportunities in the Drywall and Gypsum Board market. The growth is driven by increasing urbanization, infrastructure development, and a rising demand for affordable housing. Governments are investing in construction projects to boost economic growth, which is expected to enhance market dynamics. Countries like the UAE and South Africa are leading the way, with significant contributions from local and international players. The competitive landscape includes companies like Armstrong World Industries, which are focusing on expanding their presence in this region. The market is characterized by a growing interest in sustainable building practices, aligning with global trends.

Drywall and Gypsum Board Market Regional Image

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 KG (DE), and Saint-Gobain (FR) are actively pursuing strategies that emphasize technological advancements and eco-friendly products. For instance, USG Corporation (US) has focused on enhancing its product offerings through the integration of sustainable materials, which aligns with the growing demand for environmentally responsible construction solutions. Similarly, Knauf Gips KG (DE) has been investing in digital transformation initiatives to streamline operations and improve customer engagement, thereby reinforcing its market position.

The business tactics employed by these companies often include localizing manufacturing to reduce costs and optimize supply chains. The market structure appears moderately fragmented, with several players vying for market share, yet the influence of major companies remains substantial. This competitive dynamic fosters an environment where innovation and operational efficiency are paramount, as companies strive to differentiate themselves in a crowded marketplace.

In November 2025, Saint-Gobain (FR) announced the launch of a new line of eco-friendly drywall products designed to reduce carbon emissions during production. This strategic move not only enhances their product portfolio but also positions the company as a leader in sustainability within the industry. The introduction of these products is likely to attract environmentally conscious consumers and contractors, thereby expanding their market reach.

In October 2025, National Gypsum Company (US) revealed plans to expand its manufacturing capabilities in the southeastern United States. This expansion is expected to increase production capacity by 20%, allowing the company to better meet the rising demand for drywall products in the region. Such a strategic investment underscores the importance of regional supply chain optimization and responsiveness to market trends.

In September 2025, Georgia-Pacific LLC (US) entered into a partnership with a technology firm to develop AI-driven solutions for inventory management and production efficiency. This collaboration is indicative of a broader trend towards digitalization in the industry, as companies seek to leverage technology to enhance operational performance and reduce costs. The integration of AI could potentially revolutionize how companies manage their resources and respond to market fluctuations.

As of December 2025, the competitive trends within the Drywall and Gypsum Board Market are increasingly defined by digitalization, sustainability, and strategic alliances. Companies are moving away from traditional price-based competition, focusing instead on innovation and technology to differentiate their offerings. The ongoing shift towards sustainable practices and the integration of advanced technologies suggest that future competitive differentiation will hinge on a company's ability to adapt and innovate in response to evolving market demands.

Key Companies in the Drywall and Gypsum Board 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 sustainability initiatives.

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

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 KG (DE), Saint-Gobain (FR), National Gypsum Company (US), Georgia-Pacific LLC (US), CertainTeed Corporation (US), Etex Group (BE), Armstrong World Industries (US), Boral Limited (AU)
Segments CoveredApplication, Type, Thickness, End Use, 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.

Leave a Comment

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.

Download Free Sample

Kindly complete the form below to receive a free sample of this Report

Compare Licence

×
Features License Type
Single User Multiuser License Enterprise User
Price $4,950 $5,950 $7,250
Maximum User Access Limit 1 User Upto 10 Users Unrestricted Access Throughout the Organization
Free Customization
Direct Access to Analyst
Deliverable Format
Platform Access
Discount on Next Purchase 10% 15% 15%
Printable Versions