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Plasterboard Market

Plasterboard Market

The market for Plasterboard was estimated at $28.8 billion in 2024; it is anticipated to increase to $60.0 billion by 2030, with projections indicating growth to around $110 billion by 2035.

Report ID:DS1701030
Author:Vineet Pandey - Business Consultant
Published Date:December 2024
Datatree
Building & Construction
Buildings & Real Estate Construction
Plasterboard
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Report Summary
Table of Contents
Methodology
Market Data

Global Plasterboard Market Outlook

Revenue, 2024

$28.8B

Forecast, 2034

$97.8B

CAGR, 2024 - 2034

13%
The Plasterboard industry revenue is expected to be around $32.5 billion in 2025 and expected to showcase growth with 13% CAGR between 2025 and 2034. Its widespread availability and adaptability have fueled expansion and extensive market reach; it has elevated plain walls and ceilings to essential customizable features of interior decor and heat retention.

Drywall or plasterboard is a building material used for interior construction due to its lightweight nature and fire resistant features at an affordable cost with easy installation methods preferred by both contractors and homeowners alike. In times the growing emphasis on eco friendly living and energy efficiency requirements has led to the development of environmentally friendly alternatives, in the form of eco conscious plasterboards.

Plasterboard market outlook with forecast trends, drivers, opportunities, supply chain, and competition 2024-2034

Market Key Insights

  • The Plasterboard market is projected to grow from $28.8 billion in 2024 to $97.8 billion in 2034. This represents a CAGR of 13%, reflecting rising demand across Building Construction, Drywall Partitioning and Decorative Moulding.
  • The market leaders include Saint-Gobain, Knauf and USG Corporation which determine the competitive dynamics of this industry.
  • U.S. and China are the top markets within the Plasterboard market and are expected to observe the growth CAGR of 11.7% to 15.6% between 2024 and 2030.
  • Emerging markets including Vietnam, Nigeria and Indonesia are expected to observe highest growth with CAGR ranging between 9.1% to 13.7%.
  • The transition toward green production in plasterboard manufacturing will drive $10.1 billion worth of expansion for the Plasterboard market throughout the next decade.
  • The Plasterboard market is set to add $69.0 billion between 2024 and 2034, with manufacturer targeting Moisture Resistant Plasterboard & Fire Resistant Plasterboard Product Type projected to gain a larger market share.
  • With Increasing construction activities, and Sustainable building techniques, Plasterboard market to expand 239% between 2024 and 2034.
plasterboard market size with pie charts of major and emerging country share, CAGR, trends for 2025 and 2032

Opportunities in the Plasterboard

The plasterboard industry is experiencing growth thanks to the increasing popularity of prefabricated construction methods! With their affordability and time saving benefits in mind pre cut plasterboard panels are becoming increasingly sought after, for both commercial properties.

Growth Opportunities in North America and Europe

North America Outlook

In the American markets plasterboard sector is mainly propelled by a notable rise in housing construction projects as sustainable and energy efficient buildings gain traction in the region driving demand for plasterboards as an effective thermal insulation solution on the upswing Nevertheless competition is heating up with major players, like USG Corporation and National Gypsum showcasing a diverse range of plasterboard offerings New avenues present themselves in eco friendly and lightweight plasterboard advancements that align with green construction criteria

Europe Outlook

The plasterboard industry in Europe is experiencing growth thanks to a rise in infrastructure projects and the regions focus on sustainability efforts as a whole. The European plasterboard market remains competitive despite being well established; key players like Saint Gobain, Knauf and Etex hold brand recognition. Regional laws regarding building refurbishments are driving up the need for plasterboards. The increasing interest in an economy within the construction sector is creating chances, for gypsum recycling and the manufacturing of recycled plasterboards.

Market Dynamics and Supply Chain

01

Driver: Increasing Construction Activities, and Technological Advancements

The thriving construction sector greatly contributes to the expansion of the plasterboard market as plasterboard is also widely favored in construction for its installation process and smooth finish along, with its effectiveness and fire resistant features; it is also commonly employed in constructing interior walls and ceilings that grow in demand as construction projects increase in number. Technological progress like automation is also helping manufacturers boost production rates and enhance the quality of products while reducing expenses in the process‌‌‌​​​‌​‌​​​‌​​​​​​​‌​​​‌‍​‍‍‌​ ‍​​​‍​​​​​ . As a result of this trend, towards cost products builders are also finding plasterboards more appealing and this is also contributing to the growth of the market.
Recent developments in the market indicate a movement towards sustainability within the construction industry. Plasterboard aligns with this trend by being environmentally friendly and offering options tailored for insulation purposes to enhance energy efficiency in constructions. The increasing focus on eco building practices plays a crucial role, in driving the expansion of the plasterboard market.
02

Restraint: Intensifying Competition

The market for plasterboard is highly competitive, with many manufacturers competing for a slice of the market pie! This intense competition often forces companies to cut prices or provide perks to lure and keep customers ultimately putting a damper on market expansion and development.
03

Opportunity: Emergence of Eco-Friendly Solutions and Innovative Applications in Interior Design

The increasing recognition of materials has sparked a fresh wave of eco conscious plasterboards in the market scenario today. Numerous building firms and homeowners are embracing these eco options to lessen their environmental footprint. A move that presents a promising prospect, for plasterboard manufacturers.
Plasterboard is being creatively utilized in design to explore new avenues of growth as designers and decorators embrace innovative approaches like intricate wall designs and ceiling features that are driving demand, for specialized and premium plasterboard products.
04

Challenge: Stringent Environmental Regulations

The manufacturing of plasterboard includes environmentally harmful procedures, like extracting gypsum through mining and energy intensive production methods. These days widespread regions are enforcing rigid environmental guidelines that compel manufacturers to embrace sustainable practices and technologies. Adhering to these regulations leads to significant investments and operational expenses that may impede market expansion.

Supply Chain Landscape

1
Raw Material Production

USG Corporation

Saint Gobain Group

2
Gypsum Mining & Manufacturing

Knauf

LafargeHolcim

3
Plasterboard Manufacturing

Armstrong World Industries

Georgia-Pacific

4
Distribution & Sales

Travis Perkins

Wolseley

*The illustration highlights the key stakeholders within the supply chain ecosystem.

Applications of Plasterboard in Building Construction, Drywall Partitioning & Decorative Moulding

Building Construction

Plasterboard is commonly used in construction for walls and ceilings because of its fire resistance and ability to insulate efficiently while reducing noise levels, for safety and comfort in buildings The top companies using plasterboard in construction are Saint Gobain and USGC Corporation.

Drywall Partitioning

Plasterboard is a material that is commonly used to create lightweight and easily installed drywall partitions in interior spaces for a cost effective solution Knauf and Armstrong World Industries are leading companies that favor the use of plasterboard, for drywall partitioning purposes.

Decorative Moulding

Plasterboard is commonly employed for crafting trimmings and architectural enhancements in homes and commercial structures alike thanks to its flexibility that permits the creation of distinctive designs enhancing the visual appeal of a space. Gyprock and National Gypsum are entities utilizing plasterboard, for decorative applications.

Recent Developments

December 2024

National Gypsum Company has extended its operations into the markets by providing a variety of plasterboard options to meet the construction needs resulting from the fast paced urban development.

October 2024

Beijings BNBM company has created an environmentally friendly plasterboard that boasts improved fire resistant features. The goal is to cater to the increasing demand for eco building materials, in the market.

July 2024

Saint Gobain made a commitment, to research and development to enhance the resilience and robustness of their plasterboards. Their goal is to satisfy the growing expectations of customers seeking top notch products in the construction sector.

In the plasterboard industrys latest trends show an upward trend due to increased construction activities and urban development efforts that focus on enhancing both residential and commercial structures infrastructure quality and safety standards in response to growing demand, for fire resistant plasterboards.

Impact of Industry Transitions on the Plasterboard Market

As a core segment of the Buildings & Real Estate Construction industry, the Plasterboard market develops in line with broader industry shifts. Over recent years, transitions such as Green Shift in Plasterboard Production and Emergence of Smart Plasterboards have redefined priorities across the Buildings & Real Estate Construction sector, influencing how the Plasterboard market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.
01

Green Shift in Plasterboard Production

Concerns are rising about the environments sustainability in the plasterboard industry as it shifts towards eco manufacturing methods by using recycled materials and environmentally safe coatings, for their products_ _ businesses are adopting sustainable sourcing strategies to lessen the industrys environmental impact_. This industry transition is expected to add $10.1 billion in the industry revenue between 2024 and 2030.
02

Emergence of Smart Plasterboards

The plasterboard industry is being influenced by a trend; the emergence of smart plasterboard products that offer advanced features like fire resistance and moisture protection while also enhancing sound insulation properties These innovative plasterboards are becoming popular among consumers due, to their ability to improve energy efficiency and enhance overall quality of living conditions.

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