Drywall and Gypsum Board Market Size & Share, By Product (Wallboard, Ceiling Board, Pre-Decorated Board), End-User (Residential, Non-Residential) - Growth Trends, Regional Insights (U.S., Japan, South Korea, UK, Germany), Competitive Positioning, Global Forecast Report 2025-2034

Market Outlook:

Drywall & Gypsum Board Market size is expected to expand from USD 32.09 billion in 2024 to USD 55.34 billion by 2034, demonstrating a CAGR of more than 5.6% between 2025 and 2034. In 2025, the industry revenue is estimated to reach USD 33.52 billion.

• Base Year Value (2024): USD 32.09 Billion
• CAGR (2025-2034): 5.6%
• Forecast Year Value (2034): USD 55.34 Billion
• Historical Data Period: 2021-2024
• Largest Region: North America
• Forecast Period: 2025-2034

Market Dynamics:

Growth Drivers & Opportunities:

The Drywall and Gypsum Board Market is experiencing significant growth driven by several key factors. The increasing demand for residential and commercial construction has been a primary catalyst. As urbanization continues and populations grow, the need for new housing and infrastructure projects drives the demand for drywall and gypsum products. Additionally, the trend towards sustainable building practices has created opportunities for environmentally friendly drywall options, such as those made from recycled materials or with enhanced energy efficiency properties.

Another growth driver is the rising awareness of the benefits of using gypsum board in construction, particularly its fire-resistant and soundproofing capabilities. This makes gypsum board a preferred choice for builders looking to enhance safety and comfort in living and working spaces. The growing popularity of renovation projects, which often use drywall for interior refurbishments, also contributes to market growth. The DIY culture and the rise of home improvement shows have sparked consumer interest in renovation, further boosting the demand for gypsum products.

Moreover, advancements in technology have led to innovations in drywall manufacturing processes, making production more efficient and cost-effective. These technological improvements not only enhance the quality of gypsum boards but also expand their application in various construction practices. The development of lightweight drywall options offers more opportunities for ease of handling and installation, appealing to both professional contractors and DIY enthusiasts.

Report Scope

Report Coverage	Details
Segments Covered	Product, End-User
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	USG Zawawi Drywall LLC SFZ, Knauf Middle East, Gypsemna Co. LLC, Mining Co. LLC, Gulf Gypsum Co., National Gypsum Co., Etex Group, Lafarge Group

Industry Restraints:

Despite the positive growth outlook, the Drywall and Gypsum Board Market faces notable constraints. Fluctuations in raw material prices, particularly gypsum, can significantly affect production costs and profitability. These price changes can be attributed to economic factors, environmental regulations, and supply chain disruptions, which create uncertainty for manufacturers.

Another challenge is the competition from alternative wall materials, such as cement boards and plaster. These alternatives may offer specific advantages, such as greater durability or moisture resistance, which can detract from the market share of traditional drywall. The perception of drywall as a less robust option in certain environments can limit its application in specific market segments.

Additionally, regulatory compliance regarding building codes and safety standards can be cumbersome for manufacturers and contractors. Adapting to diverse regulations across regions can limit operational efficiency and increase costs. The market may also experience limitations from skilled labor shortages, as installing drywall requires craftsmanship that not all contractors possess, potentially slowing project timelines and reducing overall demand in some areas.

Regional Forecast:

North America

The North American drywall and gypsum board market is primarily driven by the robust construction industry, particularly in the United States and Canada. In the U.S., a flourishing housing market, fueled by population growth and increasing urbanization, contributes significantly to the demand for drywall products. The surge in renovation and remodeling activities also plays an essential role, leading to a consistent need for gypsum board. Canada, with its emphasis on sustainable building practices and energy-efficient construction methods, further supports market expansion. The integration of innovative materials and technologies in drywall production is enhancing the performance and appeal of these products in both countries.

Asia Pacific

Within the Asia Pacific region, China stands out as a dominant player in the drywall and gypsum board market. The nation’s extensive infrastructural developments, bolstered by government policies encouraging urbanization, create a strong demand for construction materials. Japan and South Korea are also experiencing significant growth, driven by ongoing residential and commercial construction projects. In Japan, the emphasis on earthquake-resistant building practices is further propelling the need for advanced drywall products. South Korea's focus on smart city initiatives and the development of eco-friendly construction methods support a rising demand for high-quality gypsum boards, marking it as a region of considerable interest.

Europe

In Europe, Germany, France, and the UK lead the market, with Germany emerging as one of the largest producers and consumers of drywall products. The country's commitment to sustainable construction practices and energy-efficient buildings significantly influences market dynamics. France is expected to witness robust growth due to increased investment in residential and commercial construction, supported by favorable government regulations. The UK market is similarly experiencing an uptick, fueled by a combination of new housing developments and renovations. The shift towards sustainability and the use of lightweight materials in construction across these countries is set to drive further demand for drywall and gypsum boards, reinforcing their importance in the European construction landscape.

Segmentation Analysis:

In terms of segmentation, the global Drywall & Gypsum Board market is analyzed on the basis of Product, End-User.

Drywall and Gypsum Board Market Overview

The drywall and gypsum board market is segmented based on product types and end-users, showcasing diverse applications and growth potential.

Product Segmentation

Wallboard

Wallboard is the primary product in the drywall market, utilized extensively in residential and non-residential construction. This segment is expected to sustain the largest market size due to its versatility, ease of installation, and cost-effectiveness. Wallboard's properties, including fire resistance and sound insulation, further enhance its appeal, particularly in urban developments where space and safety are critical.

Ceiling Board

Ceiling boards represent a significant sector of the drywall market. These products are mainly favored in non-residential constructions, such as offices, schools, and hospitals, where aesthetic appeal and acoustics play vital roles. The ceiling board segment is also anticipated to witness substantial growth driven by rising demand for innovative design features and sustainable building practices that prioritize energy efficiency and indoor environmental quality.

Pre-Decorated Board

Pre-decorated boards are gaining traction in the market as they offer convenience and time savings during installation. This product is particularly attractive to end-users looking for quick turnaround in residential renovations and newer construction projects. The growth of this segment is supported by trends towards modernization and the desire for minimal maintenance solutions in building materials.

End-User Segmentation

Residential

The residential segment is a powerhouse within the drywall and gypsum board market, reflecting the booming construction activities attributed to population growth and urbanization. This segment is expected to exhibit significant growth due to trends like home improvement projects, rising disposable incomes, and an increasing desire for customized living spaces. Additionally, eco-friendly materials and sustainable construction practices are influencing consumers’ choices in this segment.

Non-Residential

The non-residential end-user market is poised for rapid expansion, especially in sectors such as commercial offices, retail centers, and healthcare facilities. The globalization of business and the rise of e-commerce are driving the need for more commercial spaces, significantly impacting the demand for drywall products. Innovations in design and functionality within non-residential structures enhance the appeal of drywall as a reliable building solution, boosting overall market growth.

Future Outlook

In summary, the drywall and gypsum board market is characterized by its diverse product offerings and substantial end-user categories. Wallboard is expected to maintain dominance in market size, while ceiling boards and pre-decorated boards are likely to experience faster growth due to changing consumer preferences. On the end-user front, both residential and non-residential segments show promising expansion potential, with emerging trends further shaping the market landscape.

Competitive Landscape:

The drywall and gypsum board market is characterized by a highly competitive landscape with several key players engaging in strategic initiatives such as mergers, acquisitions, product innovations, and regional expansions. The demand for sustainable building materials and innovative construction solutions is driving competition among manufacturers. Companies are focused on enhancing their product offerings by incorporating eco-friendly materials and advanced manufacturing technologies to meet regulatory standards and customer preferences. Additionally, the growing trend of urbanization and construction activities in emerging economies further intensifies the competition, as companies strive to increase their market share and improve operational efficiencies.

Top Market Players

1. USG Corporation

2. Knauf Gips KG

3. Saint-Gobain

4. Georgia-Pacific Gypsum LLC

5. National Gypsum Company

6. Armstrong World Industries, Inc.

7. Etex Group

8. LafargeHolcim

9. Boral Limited

10. Yoshino Gypsum Co., Ltd.