According to a new report, published by KBV research, The Global Gypsum Board Market size is expected to reach $98.7 billion by 2030, rising at a market growth of 9.6% CAGR during the forecast period. In the year 2022, the market attained a volume of 44,129.6 million units (PER SQ FT), experiencing a growth of 8.7% (2019-2022).
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. Gypsum boards are engineered to withstand high temperatures, providing crucial fire protection, and buying valuable time for evacuation in the event of a fire. This fire-resistant feature enhances the safety profile of buildings and is a key factor influencing the choice of gypsum boards in construction projects.
The Residential segment is leading the Global Gypsum Board Market, by Application in 2022 thereby, achieving a market value of $44 Billion by 2030. Gypsum boards provide a smooth and uniform surface for painting, wallpapering, or decorative finishes. This contributes to a polished and aesthetically pleasing appearance in residential interiors, allowing homeowners to achieve their desired design styles. Gypsum boards are easily repairable, allowing for quick and efficient fixes in the event of damage. Small holes, cracks, or dents can be patched easily, providing homeowners with a cost-effective solution for maintaining the integrity of their interior walls and ceilings. Specialized moisture-resistant gypsum boards are available in wet areas such as bathrooms and kitchens. These boards help prevent Mold and mildew growth, ensuring the durability and hygiene of interior spaces in residential buildings.
The Ceiling Board segment is anticipated to have a CAGR of 10.1% during (2023 - 2030). Ceiling boards enable the integration of lighting fixtures, air vents, and other utilities within the ceiling structure. This contributes to a seamless and organized appearance, allowing for the discreet placement of essential services without compromising the overall aesthetics of the space. Some ceiling boards contribute to thermal insulation, helping regulate indoor temperatures and improve energy efficiency. This is especially relevant in regions with varying climates, where effective insulation can contribute to reduced heating and cooling costs.
Full Report: https://www.kbvresearch.com/gypsum-board-market/
The Asia Pacific region dominated the Global Gypsum Board Market, by Region in 2022 thereby, achieving a market value of $44.1 Billion by 2030, growing at a CAGR of 9.9 % during the forecast period. The North America region is experiencing a CAGR of 8.8% during (2023 - 2030). Additionally, The Europe region would witness a CAGR of 9.3% during (2023 - 2030).
By Application (Volume, Million Units (PER SQ FT), USD Billion, 2019-2030)
By Product (Volume, Million Units (PER SQ FT), USD Billion, 2019-2030)
Unique Offerings 
