The North America Gypsum Board Market would witness market growth of 8.8% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 8,951.6 million units (PER SQ FT), showcasing a growth of 8.1% (2019-2022).
Installation accessibility significantly contributes to the widespread adoption of gypsum boards. Gypsum boards are lightweight compared to traditional alternatives, making them easier to handle and transport. This characteristic facilitates quicker construction timelines, reducing labour costs and allowing for more efficient project completion. The standardized sizes and consistent quality of gypsum boards further simplify the installation process, ensuring a uniform finish in diverse construction applications.
Gypsum boards’ application versatility is a key driver of their adoption across various construction sectors. They are used in residential, commercial, and industrial contexts for various applications, including interior walls, ceilings, and exterior sheathing. The adaptability of gypsum boards to different construction requirements makes them a preferred choice among architects, builders, and homeowners looking for a flexible and efficient building material. The fire-resistant nature of gypsum boards has significantly contributed to their adoption, particularly in regions with stringent building codes and regulations.
E-commerce offers convenience to construction professionals, contractors, and individual customers needing gypsum boards in North America. A streamlined procurement procedure in North America is facilitated by the simplicity of online ordering and the capability to browse and contrast products from several producers. Hence, the factors mentioned above will drive the regional market growth.
The US market dominated the North America Gypsum Board Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $17,706.3 Million by 2030. The Canada market is experiencing a CAGR of 11.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 10.3% during (2023 - 2030).
Free Valuable Insights: The Gypsum Board Market is Predict to reach USD 98.7 Billion by 2030, at a CAGR of 9.6%
Based on Application, the market is segmented into Residential, Institutional, Commercial, Industrial and Pre-engineered Metal Buildings. Based on Product, the market is segmented into Wallboard, Ceiling Board, Pre-decorated Board and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Application (Volume, Million Units (PER SQ FT), USD Billion, 2019-2030)
By Product (Volume, Million Units (PER SQ FT), USD Billion, 2019-2030)
By Country (Volume, Million Units (PER SQ FT), USD Billion, 2019-2030)
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