Fastest Growing Commercial Real Estate segment fueling the growth of Gypsum Board Market

 

The global Gypsum Board Market is estimated to be valued at US$56.68 Bn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Gypsum board, also known as drywall or plasterboard, is used widely in commercial real estate for interior wall construction. It offers advantages such as fire resistance, sound absorption and ease of installation. Demand from the growing commercial real estate sector is driving growth of the gypsum board market.

Market key trends:
One of the key trends in the gypsum board market is the growing popularity of moisture resistant gypsum boards. Exposure to moisture can damage regular gypsum boards. Moisture resistant gypsum boards have special additives that make them resistant to damp conditions like high humidity areas. They are increasingly being used in bathrooms and other high moisture areas in buildings. Another trend is the use of gypsum boards with enhanced sound insulation properties. Noise transfer between rooms can be reduced by using sound insulated drywalls. This factor is further fueling market growth.

Segment Analysis
The global gypsum board market can be segmented into regular gypsum board, moisture resistant gypsum board, fire-resistant gypsum board, thermal resistant gypsum board, impact-resistant gypsum board and others. Within these, the regular gypsum board segment dominates the market as it finds widespread applications in interior construction and housing projects owing to its affordability and suitability for general purpose usage.

Key Takeaways
 The global gypsum board market is expected to witness high growth, exhibiting CAGR of 12% over the forecast period, due to increasing construction activities and infrastructure development projects across developing nations.

Regional analysis
North America dominates the global gypsum board market and is projected to retain its dominance over the forecast period, owing to heavy investments in construction industry and presence of key players in the region. Asia Pacific exhibits the fastest growth due to rapidly growing infrastructural and construction activities in China and India.

Key players
 Key players operating in the gypsum board market are Saint-Gobain, United Mining Industries, Taishan Gypsum Co., Ltd., Knauf, Baier Group, Yoshino Gypsum Co., Ltd., Gulf Gypsum Board, Gypsemna, Georgia-Pacific Gypsum LLC, and Arcat, Inc., among others. Saint-Gobain commands a significant market share due to its global presence and broad product portfolio.

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