Plasterboard Market Analysis by Form (Squared-edge, Tapered-edge), By Type (Damp-proof Plasterboard, Fire-resistant Plasterboard, Impact-resistant Plasterboard, Insulated Plasterboard, Moisture-resistant Plasterboard, Sound-insulated Plasterboard, Standard Plasterboard, Thermal Plasterboard), By End Use (Residential, Non-residential), By Region – Global Market Insights 2023 to 2033
Analysis of Plasterboard Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Plasterboard Market Outlook for 2023-2033
The global plasterboard market is valued at US$ 26.65 billion in 2023 and is projected to reach US$ 46.3 billion by 2033, expanding steadily at a CAGR of 5.7% from 2023 to 2033.
Plasterboard, commonly known as drywall, gypsum board, or gypsum panel, is a basic building material used to make interior walls and ceilings. Demand for plasterboard is growing as a result of the expanding construction and infrastructure sectors. Due to its qualities such as acoustic weakening, sturdiness, and fire resistance, plasterboards are being widely utilized in the construction sector. Increase in disposable income and rapid urban population growth worldwide will also drive market expansion over the coming years.
- Plasterboards are environment-friendly products. Practically all plasterboards can be recycled after use and new plasterboards can even contain near to 100% recycled material.
Plasterboards are mainly utilized as the outer layer for interior walls and ceilings; as a base for tiles made of ceramic, plastic, or metal, for exterior soffits; for crane and shaft enclosures; for creating plasterboard walls between structural units; as well as for fire protection of structural elements. Advanced plasterboard materials are developed to meet specific requirements. The foil backing on most gypsum boards serves as an effective vapor retarder for external walls when it is placed against the framing.
Acoustic plasterboards are often enhanced with thermal insulation (soundboards) by attaching a Rockwool insulating lamination to a tapered-edge plasterboard for use in new building and renovation projects. The increasing focus on building smart cities in emerging countries is expected to boost sales of acoustic plasterboard sheets.
Increased R&D investments in the construction industry, such as those by Menards, have led to innovations and developments, which have driven up the sales of plasterboards. Demand for plasterboards in the future will be influenced by the growth of sustainable and eco-friendly construction methods.
Soundproof plasterboard is a simple and cost-effective solution for canceling out noise. Although it may not provide complete soundproofing, it can significantly reduce noise penetration by up to 50 decibels.
- In April 2022, Saint-Gobain and Dalsan entered into a collaborative agreement to combine their plasterboard operations in Türkiye. Dalsan Alci and Saint-Gobain Rigips achieved combined sales exceeding US$ 117 million in 2021. Upon completion of the joint venture project at the new Turgutlu (Manisa) facility in 2023, the combined company will have the capacity to produce 100 million square meters of plasterboard, 2 million tons of gypsum board, and 50 million meters of metallic profile per year, giving them a leading position in the market.
Plasterboard Market Size in 2022
US$ 25.2 Billion
Estimated Market Value (2023)
US$ 26.65 Billion
Projected Market Value (2033)
US$ 46.3 Billion
Global Market Growth Rate (2023 to 2033)
Germany Market Growth Rate (2023 to 2023)
Key Companies Profiled
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Which Factors are Augmenting the Demand for Plasterboards Across the Globe?
“Increasing Focus on Cost-effective and Environment-friendly Construction Techniques”
The global plasterboard industry is primarily driven by the rising demand for durable and cost-effective building materials. The popularity of plasterboards is increasing among end users due to their ease of installation. The rising preference for environmentally friendly construction techniques over conventional ones is anticipated to contribute to the high demand for plasterboards.
Factors such as the emergence of modern retail, a surge in demand from the construction industry, intensifying competition for new construction projects, and an increase in consumer spending are projected to propel the global plasterboard market.
It is expected that the dominant players in the market will have ample opportunities thanks to rapid industrialization and the growing economy. The proliferation of multinational corporations across different regions of the world is anticipated to generate lucrative prospects for manufacturers of plasterboards.
“Government Regulations Promoting Energy-efficient and Sustainable Construction Practices”
The growing middle class, coupled with their rising income levels, is fueling the growth of the housing market. This trend is expected to drive the demand for plasterboards over the next few years. However, the global housing shortage persists despite this increased demand. This presents lucrative opportunities for investors and developers to explore various methods of forging new partnerships and leveraging them to advance the development of the housing sector.
Sales of plasterboards are expected to increase due to the expanding construction industry and growing demand from several end users. Factors such as the growth of the construction industry, challenges in recycling building materials, and government initiatives aimed at promoting environment-friendly construction are all contributing to the high demand for plasterboards.
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What are the Hindrances to the Growth of the Plasterboard Market?
“Lack of Awareness about Recycling Plasterboards”
The lack of awareness among end users about the recycling potential of plasterboards and environmental concerns can pose challenges to the demand for plasterboards during the forecast period.
Sales of plasterboards may be constrained by the high cost of producing innovative plasterboard materials. An excessive supply of plasterboards with inadequate demand for new construction projects could also impede the growth of the market.
“End User’s Reluctance to Adopt Plasterboards Due to Their High Susceptibility to Moisture Exposure”
In emerging economies, the prospect of constructing new buildings is particularly attractive. The biggest challenge facing plasterboard sellers is the need to replace old plasterboards with new ones. The main issue stems from the susceptibility of old plasterboards to moisture exposure.
Suppliers are facing difficulties in convincing consumers about the advantages of plasterboards because of the sporadic need for replacement. Many consumers are therefore opting for traditional methods. Suppliers are gradually overcoming this challenge by providing reliable and consistent services.
The low recyclability of plasterboards and end users’ reluctance to adopt them as a result of pre-conditioned mindsets may limit the growth of the global plasterboard industry over the coming years.
Why is the United States a Lucrative Market for Plasterboard Manufacturers?
“Increasing Utilization of Non-load-bearing Walls in Residential and Commercial Construction”
Increasing use of plasterboard ceilings and non-load-bearing walls is expected to make the United States a profitable market for manufacturers of plasterboards in the coming years. As the construction industry continues to expand in the country, demand for plasterboards is projected to grow significantly. This can be attributed to the growing demand for energy-efficient building solutions.
It is projected that an increase in the occurrence of natural disasters, such as hurricanes and wildfires, which affect various areas of the United States, will boost demand for plasterboards during the forecast period. By 2023, the United States will account for 29% share of the global market.
Which Sector in China and India Will Account for High Product Sales?
“High Demand for Plasterboards Due to Rising Construction Projects Necessitated by Increasing Population”
China dominates the Asia Pacific market for plasterboards due to substantial government investments that have facilitated rapid development of the country's infrastructure and building sector, sustaining its economic growth.
Sales of plasterboards in China are increasing because of the expanding real estate industry, which is connected to the country's increasing population. China is focusing on developing sustainable, eco-friendly, and high-performance plasterboards to promote environmentally conscious construction practices.
The development of infrastructure and programs for affordable housing as well as a growth in foreign direct investment (FDI) are expected to strengthen government activities to support the construction industry in China and India. The demand for space is anticipated to rise in these countries in the near future due to increased urbanization.
Plasterboards are in high demand in these countries’ building industries because of their excellent adhesive strength and good workability.
The Indian market for low-cost residential buildings is expected to undergo significant changes during the forecast owing to the government's "Housing for All" initiative. Demand for plasterboards in the residential sector is projected to rise due to factors such as an increase in residential construction activities necessitated by the rising population and government initiatives and investments.
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Which Type of Plasterboard Accounts for Higher Sales?
“Cost-effectiveness of Standard Plasterboards Contributing to Wide Adoption for New Construction Projects”
Standard plasterboards are is expected to hold a substantial share of the market during the forecast period due to an increase in the number of new residential and non-residential structures, as well as the affordability of standard plasterboard.
Standard plasterboard is widely used due to its flexibility and plasticity. The design of these gypsum boards is simple, and they are available in various designs, all of which are easy to install and safe to use, reducing the risk of damage. This has contributed to the expansion of the plasterboard market.
What is the Primary Use of Tapered-edge Plasterboard?
“Utilization of Tapered-edge Paperboard Increasing Due to Its Ease of Installation”
The tapered segment is expected to hold a significant market share during the forecast period due to the fast and easy installation of tapered-edge plasterboard. Tapered-edge plasterboards are commonly used for walls as it has a smaller face profile, making them ideal for jointing or skimming. The clean and smooth finish provided by tapered-edge plasterboard is favored by many builders and homeowners.
Why Does the Residential Sector Generate High Demand for Plasterboards?
“Increasing Urbanization and Consequent Rise in Residential Construction Activities”
The residential construction industry has exhibited substantial growth in recent years, thanks to several government initiatives aimed at stimulating the market. Population growth and migration have also led to an increase in demand for residential construction. The real estate sector has expanded due to increased investments. The demand for the development of single-family homes and low-density dwellings has risen in various locations.
Increasing urbanization and rising income levels are expected to further fuel the expansion of the residential sector. Plasterboard panels are frequently utilized in residential construction because they are inexpensive and simple to install.
Plasterboard manufacturers are increasingly interested in expanding their global reach by utilizing tactics such as targeted marketing and key initiatives. These companies are now looking to manage specific operations in countries with favorable regulations, which allows them to reduce costs while still retaining industry specialists for each crucial phase of their businesses. This trend is becoming more noticeable as companies seek to establish a stronger presence in international markets.
- In October 2021, Bullfix, a prominent competitor in the industry, announced its latest plasterboard fastening. This new product is expected to offer faster, stronger, and more efficient solutions for attaching heavy objects to plasterboard walls, without requiring any additional tools within the wall cavity.
- The USG Boral Building Products Pvt Ltd and Knauf Group signed an acquisition agreement in February 2022 with the aim of improving the supply of various plasterboards, compounds, cornices, and related products.
Key Segments of Plasterboard Industry
By Form :
By Type :
- Damp-proof Plasterboard
- Fire-resistant Plasterboard
- Impact-resistant Plasterboard
- Insulated Plasterboard
- Moisture-resistant Plasterboard
- Sound-insulated Plasterboard
- Standard Plasterboard
- Thermal Plasterboard
By End Use :
By Region :
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
- FAQs -
The global plasterboard market is valued at US$ 26.7 billion as of 2023.
Demand for plasterboards is projected to increase at a CAGR of 5.7% from 2023 to 2033.
Sales of plasterboards are anticipated to reach US$ 46.3 billion by 2033.
Demand for plasterboards in Germany is set to increase at a CAGR of 2.8% through 2033.
National Gypsum Company, EVRAZ, and Sandvik are some of the key manufacturers of plasterboards.