Gypsum Board Market
Gypsum Board Market Analysis by Wallboards, Pre-decorated, Ceiling, and Others for Pre-engineered Metal Buildings, Commercial, Residential, Industrial, and Institutional from 2023 to 2033
Analysis of Gypsum Board Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Gypsum Board Market Growth Outlook (2023 to 2033)
The valuation of the global gypsum board market stands at US$ 56.7 billion in 2023. Global demand for gypsum boards is forecasted to increase at a high-value CAGR of 12.3% and reach a market size of US$ 181 billion by the end of 2033.
Gypsum boards are widely used in the construction industry due to their properties such as sound attenuation, durability, and fire resistance. They are manufactured through modern technology to match some specific requirements and are prominently used in the surface layer of ceilings and interior walls. They are also used as a base for plastic, metal, and ceramic tiles.
Gypsum boards are used for elevators, exterior soffits, and other shaft enclosures. They find applications in walls, which are used for area separation between different units of a building and to ensure the protection of structural elements against fire and damage. The majority of gypsum boards come with aluminum foil backing, which ensures an efficient vapor retarder for multiple exterior walls.
Wallboard gypsum boards are gaining popularity across the globe and are expected to experience remarkable growth over the coming 10 years. The rising use of wallboards in offices, malls, and shops for partitions and walls is predicted to boost their sales.
Demand for gypsum boards is primarily driven by the rising investments in commercial and residential construction across developing countries from Asia Pacific, including Indonesia, India, and others. The strong economic growth in the above-mentioned countries is also projected to stimulate demand for construction activities, which will fuel demand for gypsum boards as well.
The development of some innovative production procedures along with technological advancements by key producers of gypsum boards is anticipated to fuel sales of gypsum boards over the forecast period. The PSP (Plasterboard Sustainability Partnership) formulated the Gypsum Sustainability Action Plan for the promotion of the environmental performance of different gypsum board products through their lifecycles.
Suppliers of gypsum boards are involved in the distribution process through third-party and direct distribution channels. Prominent companies operate their business through direct sales, which are carried out by the producers themselves. Companies are also taking interest in third-party distribution, which is generally carried out to reduce logistics and operational costs.
Fact.MR, a provider of market research and competitive intelligence, in its newly published research report mentioned different aspects of the market. Regional analysis, growth drivers, key restraints, opportunities, new developments, and some other aspects are also discussed in detail in the research report.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 56.7 Billion |
| Forecasted Market Value (2033) | US$ 181 Billion |
| Global Market Growth Rate (2023 to 2033) | 12.3% CAGR |
| Market Value of Residential Sector (2022) | 24 Billion |
| Key Companies Profiled | Gypsemna; USG Zawawi Drywall LLC SFZ; National Gypsum Company; Yoshino Gypsum Co. Ltd.; Extex Group; Lafarge Group; Knauf; Ahmed Yousef & Hassan Abdulla Co. (AYHACO) |
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Which Determinants are Propelling the Sales of Gypsum Boards Globally?
“Rising Demand for Gypsum Boards from Residential Construction Sector”
Gypsum boards are widely used as covering materials for ceilings and interior walls in residential buildings. They are utilized as gypsum drywall boards, decorative plasters, and plasterboards. They are used as important components of plasterboards, which are used for linings and partitions of floors, roofs, ceilings, and walls. Similarly, gypsum drywall boards are used in the same way and are resistant to humidity and shocks, and are soundproof.
Rising demand for residential projects around the world is anticipated to generate demand for gypsum boards. Developers and investors are embracing innovative construction methods and establishing new partnerships to bring forward new developments.
“Increasing Urbanization and Expenditure of Governments on Real Estate”
In the past few years, there has been a significant increase in urbanization across the globe, which is resulting in the movement of a larger population to urban areas. Thus, there is an increasing demand for construction activities to meet housing requirements, which is expected to contribute to the rising demand for gypsum boards.
Governments, around the world, are increasing their expenditures on real estate to contribute to residential construction activities. Increased demand for high-end residential buildings is also expected to generate lucrative opportunities for industry players.
What Key Challenges are Encountered by Suppliers of Gypsum Boards?
“Fluctuations in Cost of Raw Materials”
There are constant fluctuations in the prices of raw materials, which are used in the production of gypsum boards. Increased import tariffs are one of the key challenges faced by prominent suppliers of gypsum boards.
“Increasing Environmental Concerns and Damages Caused by Water to Gypsum Boards”
Gypsum boards are prone to water damage due to their hygroscopic properties. They tend to absorb and retain water, which is estimated to put a direct impact on their quality.
Dumping gypsum boards in landfills is anticipated to result in serious environmental issues such as leaching toxic chemicals into groundwater and further releasing methane gas. These factors are projected to limit the adoption of gypsum boards due to increasing awareness about a healthy environment.
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Which Region is Expected to Generate Substantial Revenue for Gypsum Board Manufactures?
“Rising Demand for Gypsum Boards from Construction Sector in Asia Pacific”
Asia Pacific is estimated to hold a noteworthy share of the total revenue owing to the growing household income and rapid urbanization, which is predicted to boost sales of gypsum boards in the construction industry.
- As per the five-year plan of China, which was unveiled in January 2022, the construction sector in the country was anticipated to register a 6% growth rate in the same year.
- According to Oxford Economics, the residential building construction output of China was estimated to advance by 4.5% in 2022 in comparison to 2021.
China is taking initiatives to increase the construction of prefabricated buildings to reduce waste and pollution from construction sites. Rising demand for housing is estimated to increase construction in China, in the private and public sectors. Therefore, the growing construction of hotels and tall buildings is estimated to propel the demand for gypsum boards.
India is also planning to increase its investments in the construction of houses over the coming six to seven years. Increasing residential construction activities in the country are predicted to fuel demand for gypsum boards.
- The Indian government had a significant push to its infrastructure sector by allocating a noticeable amount to enhance the sector’s growth in its 2022-23 budget.
Country-wise Insights
Which Asia Pacific Countries are Being Targeted by Suppliers of Gypsum Boards?
“Japan and South Korea Generating Substantial Growth Opportunities”
In 2022, there was a noticeable increase in the construction of various high-rise buildings with multiple apartments by numerous construction companies in Japan. The expert panel of the infrastructure ministry of Japan mentioned that there is a noticeable increase in construction activities, which can further boost the demand for gypsum boards.
South Korea is also strengthening its position with the construction of various high-rise buildings. There are various tall buildings, which are in proposal phases and under construction and these are predicted to increase the demand for gypsum boards over the forecast period.
Which Factor is Pushing Demand for Gypsum Boards in the United States?
“Increasing Demand for Energy-efficient Construction Solutions”
The significant growth in the United States construction industry is forecasted to drive the gypsum board market. The rising demand for various energy-efficient construction solutions is serving as one of the pivotal factors enhancing sales of gypsum boards.
Growing incidents of natural calamities such as wildfires and hurricanes are hitting different parts of the United States and are expected to put a positive impact on the construction sector. Thus, rising incidences of construction activities in the United States are projected to stimulate demand for gypsum boards as well.
What Makes Germany an Attractive Market for Gypsum Board Suppliers?
“Rising Construction of Commercial and Residential Buildings”
Rising construction activities in commercial and residential sectors are anticipated to propel the demand for gypsum boards in Germany. Increasing incidences of construction of various high-rise buildings are also predicted to drive lucrative opportunities for market players.
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Category-wise Insights
Why are Wallboards Widely Used Around the World?
“Growing Use of Wallboards for Various Interior Applications in Construction Activities”
Based on product, the global market is segmented into wallboards, ceilings, pre-decorated, and others. Wallboards are estimated to hold a noticeable share of the total revenue due to their use in the construction sector for multiple interior applications, including partitions or walls.
The rising demand for construction in developed as well as developing countries is also projected to stimulate sales of wallboards. They are also utilized as effective alternatives to conventional plaster and lath.
Which Sector Utilizes Gypsum Boards on a Large Scale?
“Residential Sector Accounting for High Demand for Gypsum Boards”
Pre-engineered metal buildings, residential, industrial, commercial, and institutional sub-segments are some key areas where gypsum boards are used. The total value of the residential sector was more than US$ 24 billion in 2022. Increasing disposable income and rising urban population are expected to drive the demand for gypsum boards in the residential sector.
Saudi Arabia, Brazil, China, and India are projected to witness significant investments in residential construction activities over the forecast period. Wallboards are widely used products in residential applications to join two internal corners or panels.
Competitive Landscape
Some prominent producers of gypsum boards are increasing their expenditure on different types of promotional activities and strengthening their supply chain management systems. Effective channels for product supply ensure the quick and safe delivery of gypsum boards. Certain regulations are also imposed to minimize adverse environmental impacts.
New development, acquisitions, and other strategies are adopted by key players to get a competitive edge in the global market.
For instance :
- In October 2022, USG Knauf announced its plans to construct a new gypsum wallboard plant in Cluj Country’s Huedin. The investment helped to advance the ‘energy savings offensive’ of the Romanian government by supporting a renovation drive for houses in the country.
- In July 2022, Holcim acquired Cantillana, a prominent provider of specialty building solutions in Belgium. This acquisition is estimated to strengthen Holcim’s position in building energy efficiency and renovation solutions.
Key suppliers of gypsum boards are Gypsemna, USG Zawawi Drywall LLC SFZ, National Gypsum Company, Yoshino Gypsum Co. Ltd., Extex Group, Lafarge Group, Knauf, and Ahmed Yousef & Hassan Abdulla Co. (AYHACO).
Segmentation of Gypsum Board Industry Research
-
By Product :
- Wallboards
- Pre-decorated
- Ceilings
- Others
-
By Application :
- Pre-engineered Metal Buildings
- Residential
- Commercial
- Industrial
- Institutional
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Product
- 9.1. Wallboards
- 9.2. Pre-decorated
- 9.3. Ceilings
- 9.4. Others
- 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application
- 10.1. Pre-engineered Metal Buildings
- 10.2. Residential
- 10.3. Commercial
- 10.4. Industrial
- 10.5. Institutional
- 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 17. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 18. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 19. Key and Emerging Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Gypsemna
- 21.2. USG Zawawi Drywall LLC SFZ
- 21.3. National Gypsum Company
- 21.4. Yoshino Gypsum Co. Ltd.
- 21.5. Extex Group
- 21.6. Knauf
- 21.7. Ahmed Yousef & Hassan Abdulla Co. (AYHACO)
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2022
Figure 02: Global Market Volume Forecast (in 000' Units), 2023 to 2033
Figure 03: Pricing Analysis (US$) Per Product, By Region, 2022
Figure 04: Pricing Analysis (US$) Per Product, By Region, 2022
Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2022
Figure 06: Global Market Value Forecast (US$ Mn), 2023 to 2033
Figure 07: Global Market Absolute $ Opportunity, 2023 to 2033
Figure 08: Global Market Share Analysis (%), By Product, 2023 to 2033
Figure 09: Global Market Y-o-Y Analysis (%), By Product, 2023 to 2033
Figure 10: Global Market Attractiveness Analysis by Product, 2023 to 2033
Figure 11: Global Market Share Analysis (%), By Application, 2023 to 2033
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2023 to 2033
Figure 13: Global Market Attractiveness Analysis by Application, 2023 to 2033
Figure 14: Global Market Share Analysis (%), By Region, 2023 to 2033
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 17: North America Market Value Share, By Product, 2023 (E)
Figure 18: North America Market Value Share, By Application, 2023 (E)
Figure 19: North America Market Value Share, By Country, 2023 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 21: North America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 22: North America Market Attractiveness Analysis by Product, 2023 to 2033
Figure 23: North America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 24: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 25: Latin America Market Value Share, By Product, 2023 (E)
Figure 26: Latin America Market Value Share, By Application, 2023 (E)
Figure 27: Latin America Market Value Share, By Country, 2023 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 29: Latin America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 30: Latin America Market Attractiveness Analysis by Product, 2023 to 2033
Figure 31: Latin America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 32: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 33: Europe Market Value Share, By Product, 2023 (E)
Figure 34: Europe Market Value Share, By Application, 2023 (E)
Figure 35: Europe Market Value Share, By Country, 2023 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2022
Figure 37: Europe Market Value Forecast (US$ Mn), 2023 to 2033
Figure 38: Europe Market Attractiveness Analysis by Product, 2023 to 2033
Figure 39: Europe Market Attractiveness Analysis by Application, 2023 to 2033
Figure 40: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 41: South Asia Market Value Share, By Product, 2023 (E)
Figure 42: South Asia Market Value Share, By Application, 2023 (E)
Figure 43: South Asia Market Value Share, By Country, 2023 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 45: South Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 46: South Asia Market Attractiveness Analysis by Product, 2023 to 2033
Figure 47: South Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 48: South Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 49: East Asia Market Value Share, By Product, 2023 (E)
Figure 50: East Asia Market Value Share, By Application, 2023 (E)
Figure 51: East Asia Market Value Share, By Country, 2023 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 53: East Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 54: East Asia Market Attractiveness Analysis by Product, 2023 to 2033
Figure 55: East Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 56: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 57: Oceania Market Value Share, By Product, 2023 (E)
Figure 58: Oceania Market Value Share, By Application, 2023 (E)
Figure 59: Oceania Market Value Share, By Country, 2023 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2022
Figure 61: Oceania Market Value Forecast (US$ Mn), 2023 to 2033
Figure 62: Oceania Market Attractiveness Analysis by Product, 2023 to 2033
Figure 63: Oceania Market Attractiveness Analysis by Application, 2023 to 2033
Figure 64: Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 65: Middle East and Africa Market Value Share, By Product, 2023 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2023 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2023 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2022
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2023 to 2033
Figure 70: Middle East and Africa Market Attractiveness Analysis by Product, 2023 to 2033
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2023 to 2033
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2023 to 2033
Figure 73: UNITED STATES Market Value Analysis (US$ Mn), 2023 & 2033
Figure 74: UNITED STATES Market Value Share, By Product, 2023 (E)
Figure 75: UNITED STATES Market Value Share, By Application, 2023 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2023 & 2033
Figure 77: Canada Market Value Share, By Product, 2023 (E)
Figure 78: Canada Market Value Share, By Application, 2023 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2023 & 2033
Figure 80: Mexico Market Value Share, By Product, 2023 (E)
Figure 81: Mexico Market Value Share, By Application, 2023 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2023 & 2033
Figure 83: Brazil Market Value Share, By Product, 2023 (E)
Figure 84: Brazil Market Value Share, By Application, 2023 (E)
Figure 85: UNITED KINGDOM Market Value Analysis (US$ Mn), 2023 & 2033
Figure 86: UNITED KINGDOM Market Value Share, By Product, 2023 (E)
Figure 87: UNITED KINGDOM Market Value Share, By Application, 2023 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2023 & 2033
Figure 89: Germany Market Value Share, By Product, 2023 (E)
Figure 90: Germany Market Value Share, By Application, 2023 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2023 & 2033
Figure 92: France Market Value Share, By Product, 2023 (E)
Figure 93: France Market Value Share, By Application, 2023 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2023 & 2033
Figure 95: Italy Market Value Share, By Product, 2023 (E)
Figure 96: Italy Market Value Share, By Application, 2023 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2023 & 2033
Figure 98: Spain Market Value Share, By Product, 2023 (E)
Figure 99: Spain Market Value Share, By Application, 2023 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 101: Russia Market Value Share, By Product, 2023 (E)
Figure 102: Russia Market Value Share, By Application, 2023 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2023 & 2033
Figure 104: China Market Value Share, By Product, 2023 (E)
Figure 105: China Market Value Share, By Application, 2023 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2023 & 2033
Figure 107: Japan Market Value Share, By Product, 2023 (E)
Figure 108: Japan Market Value Share, By Application, 2023 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2023 & 2033
Figure 110: South Korea Market Value Share, By Product, 2023 (E)
Figure 111: South Korea Market Value Share, By Application, 2023 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2023 & 2033
Figure 113: India Market Value Share, By Product, 2023 (E)
Figure 114: India Market Value Share, By Application, 2023 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2023 & 2033
Figure 116: ASEAN Market Value Share, By Product, 2023 (E)
Figure 117: ASEAN Market Value Share, By Application, 2023 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 119: Australia Market Value Share, By Product, 2023 (E)
Figure 120: Australia Market Value Share, By Application, 2023 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2023 & 2033
Figure 122: New Zealand Market Value Share, By Product, 2023 (E)
Figure 123: New Zealand Market Value Share, By Application, 2023 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2023 & 2033
Figure 125: GCC Countries Market Value Share, By Product, 2023 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2023 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2023 & 2033
Figure 128: Turkey Market Value Share, By Product, 2023 (E)
Figure 129: Turkey Market Value Share, By Application, 2023 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2023 & 2033
Figure 131: South Africa Market Value Share, By Product, 2023 (E)
Figure 132: South Africa Market Value Share, By Application, 2023 (E)
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Competitive landscape highlights only certain players
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- FAQs -
What is the gypsum board market size in 2023?
The valuation of the global gypsum board market stands at US$ 56.7 billion in 2023.
What is the expected growth rate of the market for gypsum boards?
The market for gypsum boards is set to expand at an exceptional CAGR of 12.3% from 2023 to 2033.
Which region is anticipated to hold a substantial revenue share of the global gypsum board market?
Asia Pacific is forecasted to lead as far as the sales of gypsum boards are concerned.
What is the expected valuation of the gypsum board market for 2033?
Sales of gypsum boards are projected to reach a market valuation of US$ 181 billion by the end of 2033.
What was the revenue of the residential sector in the gypsum board market in 2022?
The residential sector accounted for US$ 24 billion revenue in the gypsum board market in 2022.
Gypsum Board Market