Plasterboard Market Summary
As per Market Research Future Analysis, the Global Plasterboard Market was valued at USD 14.81 billion in 2023 and is projected to reach USD 23.27 billion by 2032, growing at a CAGR of 5.07% from 2024 to 2032. Key drivers include the rising popularity of plasterboards for their easy installation and increased government investment in the construction sector. Technological advancements and a shift towards sustainable construction practices are also contributing to market growth.
Key Market Trends & Highlights
The plasterboard market is witnessing significant trends that are shaping its growth trajectory.
- Technological advancements and product innovations are enhancing plasterboard performance and durability.
- The fire-resistant plasterboard segment is leading due to stringent fire safety regulations.
- The residential segment dominates the market, driven by continuous housing demand and cost-effectiveness.
- Asia-Pacific is the largest market, with China holding the largest share and India being the fastest-growing.
Market Size & Forecast
2023 Market Size: USD 14.81 Billion
2032 Market Size: USD 23.27 Billion
CAGR (2024-2032): 5.07%
Largest Regional Market Share in 2024: Asia-Pacific.
Major Players
Key players include Armstrong World Industries Inc. (US), Etex Group (Belgium), Saint-Gobain SA (France), Gypsum Management and Supply Inc. (US), USG Corporation (US), and KNAUF Gips KG (Germany).
Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review
Plasterboard Market Trends
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Technological Advancements and Product Innovations are driving the market growth.
The plasterboard market is experiencing advancements in technology and continuous product innovations. Manufacturers in the plasterboard industry are actively engaging in research and development endeavors to enhance their products' performance, durability, and fire resistance properties. This trend is primarily motivated by meeting customers' evolving demands, elevating the overall quality of Plasterboard, and introducing innovative solutions to the construction sector. By investing in research and development activities, manufacturers aim to stay at the forefront of technological advancements, ensuring that their plasterboard offerings align with the industry's ever-changing requirements and deliver optimal performance in various construction applications.
This focus on continuous improvement reflects the industry's commitment to providing high-quality and advanced plaster board solutions to meet the diverse needs of customers and contribute to the overall progress of the construction sector. This factor drives the market CAGR.
Additionally, the plasterboard market is witnessing a significant trend of increasing construction activities worldwide. With rapid urbanization, infrastructure development, and the growing demand for residential and commercial buildings, there is a rising need for Plasterboard as a key building material. This trend is driven by population growth, urban migration, and government initiatives to boost construction projects. Another notable trend in the plasterboard market is the increasing demand for sustainable construction practices. Plasterboard is known for its eco-friendly attributes, such as recyclability and energy efficiency.
As environmental concerns and regulations become more prominent, builders and consumers opt for sustainable building materials like Plasterboard, contributing to its market growth. Furthermore, the rising preference for durable and low-cost construction materials drives the plaster market. The rising popularity of plasterboards due to their easy installation among the end-users is fueling this market's growth. The increasing preference for sustainable construction methods over traditional methods by companies will further favor the plasterboard market. Thus, driving the Plasterboard market revenue.
Plasterboard Market Segment Insights
Plasterboard Form Insights
Based on form, the Plasterboard market segmentation includes square-edged and tapered-edged. The square-edged segment dominated the market due to its versatility in installation, cost-effectiveness, familiarity with the industry, and compatibility with various finishing techniques. These factors collectively contribute to its preferred choice among builders, making it the dominant segment in the plasterboard market.
Plasterboard Type Insights
The Plasterboard market segmentation, based on type, includes damp-proof plasterboard, fire-resistant plasterboard, impact-resistant plasterboard, insulated plasterboard, moisture-resistant plasterboard, sound-insulated plasterboard, standard, plasterboard, and thermal plasterboard. The fire-resistant plasterboard segment dominated the market due to the increasing focus on fire safety regulations and the need for reliable fire protection in buildings. The unique ability of fire-resistant plasterboards to resist the spread of flames and provide enhanced fire resistance has positioned them as a preferred choice for ensuring the safety and integrity of structures.
Plasterboard End-Use Industry Insights
Based on the end-use industry, the Plasterboard market segmentation includes residential and non-residential. The residential segment dominated the market due to the continuous demand for housing, its versatility and aesthetics, its thermal and acoustic insulation properties, suitability for renovation projects, and cost-effectiveness in residential construction.
Figure1: Plasterboard Market, by End-Use Industry, 2022 & 2032 (USD billion) 
Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review
Plasterboard Regional Insights
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The Asia-Pacific Plasterboard Market area will dominate this market, owing to an increase in the favorable business environment coupled with strong economic growth that has fueled investments in the construction sector in this Region. Moreover, China’s Plasterboard market held the largest market share, and the Indian Plasterboard market was the fastest-growing market in the Asia-Pacific region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: PLASTERBOARD MARKET SHARE BY REGION 2022 (%) 
Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review
Europe's Plasterboard market accounts for the second-largest market share due to the increased government investment helping the construction industry in this Region. Further, the German Plasterboard market held the largest market share, and the UK Plasterboard market was the fastest-growing market in the European Region.
The North America Plaster market is expected to grow fastest from 2023 to 2032. This is because of the growing popularity of plasterboards due to their easy installation among the end-users.
Plasterboard Key Market Players& Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the Plasterboard market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The plasterboard industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Plasterboard industry to benefit clients and increase the market sector. The Plasterboard industry has offered some of the most significant advantages in recent years.
Major players in the Plasterboard market, including Armstrong World Industries Inc. (US), Etex Group (Belgium), Saint-Gobain SA (France), Gypsum Management and Supply, Inc. (the US), USG Corporation (US), Georgia Pacific LLC (US), Boral Limited (Australia), KNAUF Gips KG (Germany), Fletcher Building Limited (New Zealand), LafargeHolcim Ltd (Switzerland), and National Gypsum Company (US), Associated Tube Group (Canada), EVRAZ PLC (Russia), Marmon/Keystone Canada Inc. (US), Sandvik AB (Sweden), Tenaris SA (US), WELDED TUBE OF CANADA CORP. (US), and Welded Tubes, Inc. (US), and others, are attempting to increase market demand by investing in research and development operations.
Compagnie de Saint-Gobain S.A. is a renowned French multinational corporation established in 1665 by King Louis XIV in Paris. The company, headquartered in La Défense and Courbevoie on the outskirts of Paris, initially focused on producing mirrors but has now diversified into manufacturing a wide range of construction materials, high-performance products, and other materials. As part of its commitment to sustainability and environmental responsibility, Saint-Gobain, in collaboration with its building products subsidiary CertainTeed Canada Inc., has announced a substantial investment of CAD 91 million (USD 73 million).
This investment includes CAD 40 million (USD 32 million) in grant funds from the government of Quebec through its EcoPerformance program. The funds will be used to upgrade the equipment at Saint-Gobain's wallboard manufacturing facility in Montreal, aiming to significantly reduce carbon emissions by approximately 44,000 metric tonnes annually.
At Etex, our people come first. While we take pride in being leaders in modern, sustainable construction, our priority is the well-being of our teammates. As a building material manufacturer and innovator in lightweight construction, our mission is to inspire people worldwide to create living spaces that are safe, sustainable, intelligent, and aesthetically pleasing. To further strengthen our sustainable business segment, we recently acquired URSA, a European pioneer in insulation solutions. This strategic move has expanded our portfolio, enabling us to offer a wider range of systems and solutions.
With the addition of insulation expertise to our existing offerings in Plasterboard, fiber-cement, passive fire protection, and modular products, we are better equipped to meet the diverse needs of our customers.
Key CompaniesIn The Plasterboard Market Include
- Armstrong World Industries Inc. (US)
- Gypsum Management and Supply Inc. (the US)
- Boral Limited (Australia)
- LafargeHolcim Ltd (Switzerland)
Plasterboard Market Developments
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Q2 2024: Saint-Gobain inaugurates new plasterboard plant in India to meet growing demand Saint-Gobain opened a new plasterboard manufacturing facility in Tamil Nadu, India, expanding its production capacity to serve the South Asian construction market and support regional infrastructure growth.
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Q1 2024: USG Boral launches next-generation lightweight plasterboard in Australia USG Boral introduced a new lightweight plasterboard product designed for improved handling and installation efficiency, targeting both residential and commercial construction sectors in Australia.
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Q2 2024: Knauf completes acquisition of minority stake in Etex’s plasterboard operations in Latin America Knauf Group finalized the acquisition of a minority share in Etex’s Latin American plasterboard business, strengthening its presence in the region and expanding its product portfolio.
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Q3 2024: Lafarge Egypt signs major supply contract for plasterboard with government housing project Lafarge Egypt secured a contract to supply plasterboard for a large-scale government housing initiative, marking a significant win in the North African construction materials market.
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Q2 2024: Gyproc India announces partnership with Tata Projects for sustainable building solutions Gyproc India, a Saint-Gobain brand, entered a partnership with Tata Projects to promote the use of eco-friendly plasterboard in major infrastructure developments across India.
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Q1 2025: Etex appoints new CEO to drive global plasterboard business expansion Etex Group announced the appointment of a new Chief Executive Officer, signaling a strategic focus on expanding its plasterboard operations in Europe, Asia, and Latin America.
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Q2 2025: National Gypsum Company opens advanced plasterboard plant in Texas National Gypsum Company inaugurated a state-of-the-art plasterboard manufacturing facility in Texas, aiming to meet rising demand in the US construction sector and enhance supply chain efficiency.
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Q1 2024: Siniat launches fire-resistant plasterboard for commercial buildings in Europe Siniat, part of Etex Group, introduced a new fire-resistant plasterboard product targeting the European commercial construction market, with enhanced safety and compliance features.
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Q3 2024: Saint-Gobain acquires UK-based plasterboard recycling startup Saint-Gobain completed the acquisition of a UK startup specializing in plasterboard recycling technology, aiming to boost its sustainability initiatives and circular economy efforts.
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Q2 2025: USG Corporation announces $100 million investment in new plasterboard line at Chicago plant USG Corporation revealed plans to invest $100 million in a new production line for advanced plasterboard at its Chicago facility, increasing capacity and supporting innovation in product development.
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Q4 2024: Knauf secures major plasterboard supply contract for Saudi Arabia’s NEOM project Knauf was awarded a significant contract to supply plasterboard for the NEOM mega-project in Saudi Arabia, reinforcing its position as a key supplier for large-scale Middle Eastern developments.
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Q1 2025: LafargeHolcim launches carbon-neutral plasterboard in European market LafargeHolcim introduced a new carbon-neutral plasterboard product in Europe, targeting environmentally conscious builders and aligning with stricter EU sustainability regulations.
Plasterboard Market Segmentation
Plasterboard Form Outlook
Plasterboard Type Outlook
- Fire-Resistant Plasterboard
- Impact-Resistant Plasterboard
- Moisture-Resistant Plasterboard
- Sound-insulated Plasterboard
Plasterboard End-Use Industry Outlook
Plasterboard Regional Outlook
| Attribute/Metric |
Details |
| Market Size 2023 |
USD 14.81 billion |
| Market Size 2024 |
USD 15.67 billion |
| Market Size 2032 |
USD 23.27 billion |
| Compound Annual Growth Rate (CAGR) |
5.07%(2024-2032) |
| Base Year |
2023 |
| Market Forecast Period |
2024-2032 |
| Historical Data |
2018- 2022 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Form, Type,End-Use Industry, and Region |
| Geographies Covered |
North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered |
The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled |
Armstrong World Industries Inc. (US), Etex Group (Belgium), Saint-Gobain SA (France), Gypsum Management and Supply, Inc. (the US), USG Corporation (US), Georgia Pacific LLC (US), Boral Limited (Australia), KNAUF Gips KG (Germany), Fletcher Building Limited (New Zealand), LafargeHolcim Ltd (Switzerland), and National Gypsum Company (US), Associated Tube Group (Canada), EVRAZ PLC (Russia) |
| Key Market Opportunities |
Expansion of various international players across the Region |
| Key Market Dynamics |
rising economy and rapid growth in industrialization |
Plasterboard Market Highlights:
Frequently Asked Questions (FAQ):
The Plasterboard market size was valued at USD 14.81 Billion in 2023.
The Plasterboard market is estimated to grow at a CAGR of 5.07% during the forecast period, 2024-2032.
Asia Pacific witnessed the largest share of the Plasterboard market
The major players in the market are Armstrong World Industries Inc. (US), Etex Group (Belgium), Saint-Gobain SA (France), Gypsum Management and Supply, Inc. (the US), USG Corporation (US), Georgia Pacific LLC (US).
The Fire-Resistant Plasterboard category dominated the market in 2022.
Residential had the largest share in the Plasterboard market.
