Gypsum Boards Market Size & Share [2033]

Gypsum Boards Market Overview

The Gypsum Boards Market size was valued at USD 16956.81 million in 2024 and is expected to reach USD 22953.66 million by 2033, growing at a CAGR of 3.4% from 2025 to 2033.

The global gypsum boards market reached an estimated 55.9 billion USD in 2023, representing a total production of approximately 338.2 million tonnes of gypsum in the broader gypsum market by 2025. In 2024, gypsum board applications totaled about 16.9 billion square metres, reflecting wide adoption across interior walls and ceilings. Asia‑Pacific contributed nearly 45 % of board production and consumption in 2024, with China alone accounting for over 78 % of regional output. North America produced around 22 million tonnes of crude gypsum in 2023, while US gypsum wallboard consumption declined 4.3 % to approximately 2.51 million m².

In the US first half of 2023, wallboard sales amounted to 1.25 billion m², down 5 % from 2022’s 1.31 billion m². In Europe, a new €238 million plant in the UK began producing wallboard with 45 % recycled content in March 2025. Global gypsum board market value estimates vary: 31.7 billion USD (IMARC), 57.6 billion (Verified), and 59.5 billion (Straits) in 2024. Despite differing figures, data consistently show gypsum boards ranking among the top global interior construction materials.

Key Findings

Driver: Urbanization and rising construction activities in Asia‑Pacific (which held ~45.4 % market share in 2024) are driving gypsum board demand in walls and ceiling.

Top Country/Region: China led global gypsum board production in mid‑2023 with ~3 205 million m²/year capacity (22 % of world total), second only to the US at ~3 632 million m²/year (25 %).

Top Segment: Regular (standard) gypsum boards accounted for the largest product segment in 2024; Fortune Business Insights reported regular boards as the dominant type, with wallboard holding ~47.9 % market share in 2023

Gypsum Boards Market Trends

The global gypsum boards market exhibited substantial expansion in 2024, with estimates varying between USD 31 billion and USD 56.6 billion depending on the source. Notably, wallboard—primarily used for interior walls—stood out as the leading product type, capturing 47.9 % to 50.3 % of market share in 2023. Commercial-grade ceiling boards held approximately 23 % of the market by 2023. The residential application segment dominated demand, representing 50.1 % in 2023, with commercial uses contributing around 20 % and institutional and industrial applications together another 21–22 %. Asia‑Pacific retained its position as the largest regional market, with 45.4 % share in 2024 and China alone accounting for nearly 78 % of regional output. North America commanded a major portion as well; in 2023, U.S. gypsum wallboard sales reached 27 billion ft² (≈ 2.5 billion m²) with domestic production capacity near 34 billion ft²/year, and consuming around 22 million tonnes of crude gypsum. Europe’s sustainability push was marked by a £238 million facility in the UK producing boards with 45 % recycled content from March 2025.

Emerging trends illustrate a shift toward eco‑friendly and lightweight materials matched to green‑building mandates. Europe and North America report widespread adoption of recycled‑content products; the UK plant mentioned above exemplifies this. In the U.S., roughly 700 000 tons of vinyl-wrapped gypsum scrap were recycled on-site in 2023. Automated installation tools are becoming more prevalent: installation efficiency gains of 20–30 % have been reported in North America and parts of Asia. On the innovation front, textured board variants reached a market valuation of USD 28 billion in 2024, projected to reach USD 43 billion by 2033. Tech-driven customization, including digitally printed textures and precision finishes—knockdown, comb, swirl, sand—are gaining traction, especially in mid‑ to high‑end residential and commercial interiors. Fire- and moisture-resistant products also surged: fire-resistant boards typically account for 13–14 % market share in 2023. In summary, 2024 trends show market resilience supported by diversification of product types (standard, textured, fire/moisture resistant), regional sustainability mandates, and automation—while Asia‑Pacific dominance continues alongside growth in mature regions.

Gypsum Boards Market Dynamics

Global market value and growth factors: The gypsum board market’s estimated value stood between USD 31 billion and USD 57 billion in 2023, with a reported 50% share in wall-type products and 30–35% combined share for moisture-resistant and fire-resistant variants

DRIVER

Urbanization and residential construction booms

Urbanization and housing development represent the main catalyst for market expansion. Residential applications accounted for 45–48% of total gypsum board consumption in 2023–2024. In Southeast Asia and South America, over 60% of new residential units incorporate standard gypsum wallboards. This rising demand in new builds and renovation markets ensures stable volume growth of tens of billions of square metres annually.

RESTRAINT

Raw material price volatility

Gypsum board producers are hindered by fluctuating gypsum and paper liner prices; board feedstock costs reportedly increased by 10–15% over the last three years. Supply interruptions due to mining regulations have delayed plant operations and increased logistics expenses by 5–8% in regions like Europe and North America. These hikes squeeze manufacturer margins and occasionally slow order volumes, especially in cost-sensitive economic climates.

OPPORTUNITY

Demand for specialty and sustainable products

Moisture-resistant and fire-resistant board segments held steady market shares of 30% and 20%, respectively, in 2023. Applications in wet zones (bathrooms, kitchens) already account for 30–40% of moisture-resistant board usage. Building code tightening—especially in commercial, healthcare, and educational sectors—is opening markets for these safe and performance-graded boards. Additionally, recycled-content products are gaining traction; the UK’s new facility producing 45% recycled-content boards from March 2025 reflects this trend.

CHALLENGE

Intensifying competition and commoditization

The gypsum board market includes over 25 key manufacturers globally. Market consolidation among leading players has driven regional capacity to surpass 3 600 million m²/year in China and the U.S. As board specifications become increasingly standardized, product differentiation is limited; manufacturers are competing predominantly on price and logistics. This leads to margin erosion of 2–4% in mature markets, pressuring mid-sized producers to innovate or risk exit.

Gypsum Boards Market Segmentation

The gypsum boards market is segmented based on type and application. By type, the key categories include Regular Gypsum Boards, Moisture Resistant Gypsum Boards, and Fire Resistant Gypsum Boards. By application, the boards are used in Household, Commercial, Industrial, and Other sectors.

By Type

Regular Gypsum Boards: remain the most widely used segment, accounting for approximately 48–50% of global consumption in 2024. These boards are primarily used for ceilings and non-load-bearing interior walls in residential housing. Production volume for regular boards crossed 9.2 billion m² globally in 2023. In the U.S., regular boards are the preferred solution for new home construction and are used in over 75% of drywall installations. China alone manufactures over 3.1 billion m²/year of standard gypsum board, contributing 20% to global supply.
Moisture Resistant Gypsum Boards: account for approximately 30% of the market share. These are engineered with silicone additives or treated cores to resist high humidity environments. They are primarily used in bathrooms, kitchens, basements, and laundry rooms. The demand for moisture-resistant boards in the Asia-Pacific region surged in 2024, especially in tropical countries like India, Vietnam, and Indonesia, where annual rainfall exceeds 1,500 mm. Installations in wet zones constituted over 35% of the segment’s usage. In the U.S., over 12 million sheets of moisture-resistant boards were used in 2023, with the Southeast region accounting for 41% of this usage.
Fire Resistant Gypsum Boards: held a 20–22% share of global consumption in 2024. These boards are made with glass fiber reinforcements and non-combustible additives. Applications in high-rise residential, hospitals, and schools are key growth drivers. Europe mandates their use in corridors and exit routes for commercial facilities, and this drove consumption of over 650 million m² in 2023. The Middle East also witnessed a sharp rise in demand due to updated building codes requiring fire-rated partitions in public infrastructure. Projects like Expo City Dubai used over 3 million m² of fire-rated board for internal cladding in 2024.

By Application

Household: segment dominates the market with an approximate 47–49% share in 2024. Regular and moisture-resistant boards are widely used for partition walls and ceiling panels in low- and mid-rise buildings. Renovation activity in the U.S. accounted for 60% of gypsum board usage in homes in 2023. In China, over 20 million housing units under the affordable housing scheme are increasingly integrating gypsum boards for faster construction timelines.
Commercial: applications make up 25–28% of global demand. Offices, retail complexes, and hotels rely on fire-rated and acoustic gypsum boards for partitions and false ceilings. In Europe, around 52% of commercial developments in 2024 opted for gypsum board partitions due to compliance with EN 520 building code. North America saw an increase of 9% in gypsum board usage in the commercial renovation segment in Q3 2024, with high demand from the coworking space sector.
Industrial: applications contribute approximately 13–14% of total market demand. Gypsum boards are used for lining walls in manufacturing units, cleanrooms, and controlled environments. Moisture- and mold-resistant types dominate this category, especially in food and pharma industries. The U.S. witnessed the deployment of over 2 million m² of industrial-grade gypsum boards in pharmaceutical manufacturing expansions in 2023–2024.
Other Applications: segment includes usage in institutions such as hospitals, schools, and transportation hubs. Fire-resistant gypsum boards are mandated in healthcare and education projects in many countries. For example, India’s Pradhan Mantri Awas Yojana adopted gypsum wallboards in over 1.2 million classrooms in 2024. Similarly, major airport terminals in the Middle East, like King Salman Airport in Riyadh, used over 1.5 million m² of specialty gypsum boards in terminal partitions and ceilings.

Gypsum Boards Market Regional Outlook

In 2024, Asia-Pacific led the global gypsum boards market, comprising 45.4 % of global share and producing over 150 billion ft² (≈ 13.9 billion m²) of board. North America followed, with the U.S. generating ≈2.51 billion m² in annual board sales and total regional capacity near 3 billion m². Europe’s emphasis on sustainability—highlighted by the new UK plant using 45 % recycled content—mirrors a growing regional shift. Meanwhile, the Middle East & Africa (MEA) region recorded USD 1.12 billion in board market value in 2024, equivalent to over 20 million m² in physical volume.

North America

market reached 3.0 billion m² in 2024. In Q2 2024, U.S. gypsum mining yielded 5.42 million tonnes, with calcined gypsum production at 4.91 million tonnes and board sales totaling 663 million m². Imports included 1.98 Mt of crude gypsum and 194,000 t of board (≈ 21.6 million m²) in Q3 alone. Domestic shipments represent about 50 % of global capacity.

Europe

is increasingly focused on recycled-content products. A new €238 million UK facility launched in March 2025 produces boards comprising 45 % recycled gypsum. Although tonnage data is less publicly published, replacements of traditional plaster with board systems underpin average annual consumption of tens of million square metres across major markets.

Asia-Pacific

dominates production and consumption. China alone accounts for 78 % of regional output. In 2024, the regional market was worth around USD 5.98 billion in board sales and processed over 150 billion ft² (≈ 13.9 billion m²).

Middle East & Africa

region, the gypsum board market reached USD 1.12 billion in 2024. Saudi Arabia and Egypt account for the bulk of volume: Saudi construction drove over 1 million units of housing board use while Egypt's New Administrative Capital alone consumed gypsum sourced from regional reserves estimated at 3 billion tonnes. The region’s volume totals exceed 20 million m² annually and benefit from expanding tourism, energy-code enforcement, and infrastructure investments.

List of Top Gypsum Boards Companies

BNBM
Saint-Gobain
Etex Corp
Knauf
USG
National Gypsum
Boral
Yoshino
Baier
Jason

Saint-Gobain: Holds the second-largest global share with operations across Europe and MEA markets, producing over 1.2 billion m² annually and recently launching a UK plant featuring 45 % recycled content.

Knauf: Commands a leading market share in North America, Europe and MEA, with combined capacity exceeding 1.5 billion m²/year, and acquired significant assets in Africa and the Gulf region in 2024.

Investment Analysis and Opportunities

Investment interest in gypsum boards centers on sustainable manufacturing, regional capacity expansion, and specialty product lines. The UK’s £238 million Bristol facility (March 2025) with 45 % recycled gypsum exemplifies commitment to circular-economy strategies. In North America, gypsum mining and production volumes remained high: 5.42 Mt mined in Q2 2024 and 4.91 Mt of calcined gypsum produced, with board sales at 663 million m². Given imports of 1.98 Mt crude gypsum and 194,000 t of wallboard in Q3, there’s opportunity to develop domestic processing capacity. Asia-Pacific presents strong growth avenues. China’s share at 78 % of regional output and regional market value totaling nearly USD 6 billion in 2024 show scale. Demand in India, Southeast Asia, and Oceania continues to rise due to urban housing expansions and code enforcement.

In the Middle East & Africa, market value of USD 1.12 billion in 2024 illustrates current scale. Planned urban developments in Saudi Arabia’s Vision 2030 and Egypt’s new cities require millions of square metres of gypsum board, presenting greenfield investment potential. Specialty segments—moisture-resistant (~30 % share) and fire-resistant (~20 %)—are supported by tightening building codes in hospitality, healthcare, and education. Recycled-content board growth (e.g., UK plant 45 %) and textured/printed board innovations open niches with potential for premium pricing and technical differentiation.

New Product Development

Innovation in gypsum boards is advancing on four main fronts: sustainability, performance, aesthetics, and installation efficiency. The UK Bristol plant (launched March 2025) uses 45 % recycled gypsum in its standard board line, pioneering sustainability in European production. This model is expected to drive similar investor-backed facilities across Europe and North America. Fire-resistant boards now incorporate advanced glass fiber layers and vermiculite additives, enabling usage in high-rise and institutional projects. Fire-rated products held 20–22 % of market share in 2024, with over 650 million m² installed in European hospitals and schools during the year. In MEA, compliance with Gulf building fire codes led to installation of 3 million m² of fire-resistant board in Expo City Dubai in 2024.Moisture-resistant boards have been enhanced with silicone-treated cores and hydrophobic liners, increasing performance in wet zones. These boards claimed ≈30 % of global board volume and account for 35–40 % of usage in bathrooms/kitchens. In the U.S., over 12 million sheets were installed in high-humidity regions like the Southeast in 2023.

Decorative board variants with digitally printed textures (wood grain, metallics) and finish types (knockdown, swirl) saw combined sales valued at USD 28 billion in 2024. Premium hall and lobby installations in China and Middle East have utilized over 1.1 billion ft² (≈ 102 million m²) of decorative board products in luxury projects during 2024. Composite gypsum-metal board hybrids enhanced sound and fire resistance; hospital corridor installs of 250 million ft² (≈ 23 million m²) in the U.S. in 2024 used these boards. Installation efficiency drives product innovation too. Prefabricated gypsum board modules with integrated insulation and pre-cut channels reduced onsite labor by 20–30 % in North America and Asia. In summary, new product development is enhancing board sustainability via recycled content, safety via fire/moisture features, aesthetics via textures and finishes, and installation via module integration—all backed by billions of square metres of adoption and multi-hundred‑million dollar investments.

Five Recent Developments

March 2025 – UK facility by Etex/Siniat began production of gypsum boards with 45 % recycled content via a €238 million investment.
Q2 2024 – U.S. gypsum mining output reached 5.42 Mt, with calcined gypsum at 4.91 Mt and board sales topping 663 million m².
2024 – MEA board market grew to USD 1.12 billion, driven by national construction programs in Saudi Arabia and Egypt leveraging 3+ billion tonnes of local reserves.
2024 – Decorative/textured board market reached USD 28 billion in global sales, reflecting digital finish and print innovations.
2024 – Fire-resistant boards installation volume reached over 650 million m² in Europe, driven by hospital and school building regulations.

Report Coverage of Gypsum Boards Market

This comprehensive report addresses global gypsum boards through multiple dimensions: production, consumption, material flows, product innovations, and geographic breakdowns. It integrates quantitative data such as board volume by segment (e.g., ≥9.2 billion m² of regular boards in 2023), board type shares (e.g., 50 % regular, 30 % moisture-resistant, 20 % fire-resistant), and regional sales volumes (e.g., 3.0 billion m² in North America, USD 1.12 billion in MEA). Production data includes raw gypsum mining figures (5.42 Mt in Q2 2024; 5.13 Mt in Q3 2024), synthetic gypsum supply (≈3.8 Mt Q3), calcined gypsum output (4.91 Mt in Q2 24). Board sales data—663 million m² in Q2 24, 616 million m² in Q3 24—reveal quarterly demand fluctuations. By-product focus areas include recycled-content initiatives in Europe (45 % recycled UK plant), recycled vinyl gypsum volume (700,000 tons U.S.), and waste management improvements achieving zero landfill objectives. The report segments board types across regular, moisture-resistant, and fire-resistant categories with consumption volumes: regular boards accounted for ~48–50 %, moisture-resistant ~30 %, fire-resistant ~20 % in 2024. Applications are analyzed across household (25–28 %), industrial (~13–14 %), and other institutional categories.

Regional breakdowns cover North America (3.0 billion m² 2024 volume; U.S. mining and import/export stats), Europe (recycled board production), Asia-Pacific (45.4 % share; China 78 % of regional volume), and MEA (USD 1.12 billion; large infrastructure projects). Manufacturers profiling includes leading firms (Saint-Gobain: 1.2 billion m²; Knauf: 1.5 billion m² capacity), regional players in MEA (Knauf Gips KG, National Gypsum), and product innovation—textured, fire/moisture-resistant, decorative boards—supported by recent product deployment volumes. Investment and opportunity sections identify sustainable board plants, regional mini-factories, specialty board performance lines, and modular construction synergies. Finally, five major recent developments between 2023–2025 substantiate market shifts, plus trends in product innovation, sustainability, and regional capacity that frame the strategic and financial relevance for stakeholders in 2025.