Global Gypsum Wallboard Market Outlook, 2029

The global gypsum wallboard market is experiencing robust growth, driven by the increasing demand for sustainable construction materials, rapid urbanization, and growing infrastructure investments. Gypsum wallboard, also known as drywall or plasterboard, is a widely used building material due to its versatility, cost-effectiveness, and fire-resistant properties. As governments and organizations worldwide emphasize sustainable development, the demand for eco-friendly construction solutions like gypsum wallboard is on the rise. This material is highly recyclable and has a significantly lower carbon footprint compared to other wall materials. Furthermore, advancements in manufacturing technologies have led to the production of lightweight, high-performance wallboards that offer improved durability and energy efficiency. The construction sector, particularly in emerging economies, has been a key driver of market expansion. Rapid urbanization in regions like Asia-Pacific and the Middle East has fueled demand for affordable housing, commercial spaces, and large-scale infrastructure projects, all of which require cost-effective and efficient building materials. In developed economies, gypsum wallboard remains a popular choice for renovation and remodeling activities due to its ease of installation and superior finish. Additionally, the increasing adoption of prefabricated building technologies has boosted the use of gypsum wallboard, as it complements modular construction practices. With the global construction industry poised for sustained growth, the gypsum wallboard market is expected to remain a cornerstone of modern building practices.

According to the research report, “Global Gypsum Wallboard Market Outlook, 2029” published by Bonafide Research, the Global Gypsum Wallboard market is anticipated to grow at more than 13.10% CAGR from 2024 to 2029. This remarkable growth is fueled by the increasing demand for lightweight, cost-effective, and sustainable construction materials in residential, commercial, and industrial projects worldwide. Rising urbanization, population growth, and infrastructure development in emerging economies are key drivers of this expansion. Governments across regions are prioritizing affordable housing and green construction initiatives, creating significant opportunities for gypsum wallboard manufacturers. Technological advancements, such as fire-resistant and moisture-resistant boards, have further enhanced the product’s appeal, catering to diverse building needs. The competitive landscape of the market is marked by continuous innovation, with leading players focusing on product differentiation and sustainability. Manufacturers are adopting eco-friendly practices, incorporating recycled materials, and developing energy-efficient production methods to align with global environmental standards. Additionally, digital tools and streamlined supply chains are enabling companies to improve customer experiences and expand their market reach. As the construction sector evolves, the gypsum wallboard market is expected to witness sustained growth. Key players are likely to invest heavily in research and development, exploring new applications and advanced manufacturing techniques to stay ahead in the competitive landscape. The combination of rising demand, government support, and technological innovation positions the global gypsum wallboard market for robust growth in the coming years.

Market Dynamics

Market Drivers

Rapid Urbanization and Infrastructure Development:The pace of urbanization in emerging economies is driving the demand for affordable and efficient building materials, positioning gypsum wallboard as a preferred choice.



Emphasis on Sustainable Construction: The push for environmentally friendly materials has made recyclable gypsum wallboard a favored option, supported by green building certifications and regulations.


Market Challenges

Fluctuating Raw Material Prices: Volatile prices of gypsum and other raw materials can impact production costs, posing challenges for manufacturers in maintaining profitability.

Limited Awareness in Underdeveloped Markets: In certain regions, traditional construction methods remain prevalent, limiting the adoption of innovative materials like gypsum wallboard.


Market Trends

Adoption of Lightweight Wallboards: The trend toward lightweight construction materials for easier handling and reduced transportation costs is boosting demand for advanced gypsum wallboards.

Integration of Smart Features: Manufacturers are introducing wallboards with enhanced features such as moisture resistance, soundproofing, and thermal insulation to meet diverse consumer needs.


Segmentation Analysis

Standard gypsum wallboard represents the largest segment in the global market due to its versatility, affordability, and adaptability across various construction applications.

Standard gypsum wallboard represents the largest segment in the global market due to its versatility, affordability, and adaptability across various construction applications. Widely utilized in residential, commercial, and industrial settings, standard gypsum boards offer a smooth, uniform surface suitable for painting, wallpapering, or other finishing techniques. Their affordability makes them an ideal choice for large-scale projects where cost-efficiency is paramount. In addition to their competitive pricing, standard wallboards are lightweight and easy to install, reducing labor costs and project timelines. Recent innovations have significantly enhanced the performance of standard wallboards. Manufacturers are focusing on features such as increased durability, improved fire resistance, and moisture resistance to cater to diverse environmental conditions. Moreover, advancements in production technologies have enabled the development of thinner, lighter wallboards without compromising structural integrity. This makes them even more appealing for projects that require weight-sensitive materials, such as high-rise buildings and prefabricated constructions. Sustainability is another factor driving the demand for standard gypsum wallboards. Many manufacturers are adopting eco-friendly practices by incorporating recycled materials and reducing carbon emissions during production. These efforts align with the growing global emphasis on green construction practices, further increasing the adoption of standard wallboards in various markets. As urbanization and infrastructure development surge worldwide, particularly in emerging economies, the demand for affordable and efficient construction materials like standard gypsum wallboard is expected to grow.


The residential sector dominates the gypsum wallboard market, accounting for the largest share in application due to a surge in global housing demand and urbanization.

The residential sector dominates the gypsum wallboard market, accounting for the largest share in application due to a surge in global housing demand and urbanization. Residential construction projects rely heavily on gypsum wallboards for their affordability, ease of use, and ability to provide a clean, finished look. The boards are lightweight and simple to install, making them particularly attractive for meeting tight construction schedules. Their fire-resistant and soundproofing properties also make them ideal for creating safer and more comfortable living spaces. In developed economies, renovation and remodeling activities significantly drive the growth of the residential sector. Older homes are increasingly being upgraded with gypsum wallboards, which provide a modern aesthetic and improved functionality compared to traditional materials. Additionally, the rise in home offices, studios, and personalized living spaces has created new demand for versatile and customizable wallboard solutions. Emerging markets, particularly in Asia-Pacific and Latin America, are seeing a construction boom due to rapid urbanization and population growth. Governments in these regions are implementing affordable housing initiatives to address the growing demand for residential spaces. Gypsum wallboards, with their cost-efficiency and ease of installation, play a crucial role in these projects. Sustainability trends in residential construction have further boosted the adoption of gypsum wallboards.

Direct sales channels dominate the gypsum wallboard market, accounting for the largest revenue share due to their efficiency and reliability.

Direct sales channels dominate the gypsum wallboard market, accounting for the largest revenue share due to their efficiency and reliability. Construction firms and developers often prefer sourcing materials directly from manufacturers, as this approach ensures bulk availability, cost savings, and consistent product quality. For large-scale projects, such as residential complexes or commercial buildings, direct procurement simplifies supply chain management and facilitates better coordination between suppliers and buyers. Manufacturers benefit from direct sales by fostering long-term relationships with their clients, enabling them to provide tailored solutions and services. This direct interaction often results in quicker delivery times and the ability to meet specific project requirements, such as customized wallboard sizes or enhanced performance features. In addition, direct sales channels help manufacturers maintain competitive pricing by reducing intermediary costs. In developed regions like North America and Europe, where the construction industry is highly organized, direct sales dominate due to their streamlined processes. The trend is also gaining traction in emerging markets, where large infrastructure and housing projects are on the rise. Digitalization has further revolutionized direct sales, with online platforms enabling manufacturers to expand their reach, offer real-time updates, and improve customer engagement. As the construction industry becomes increasingly globalized, the importance of efficient supply chains and reliable distribution channels will continue to grow.


Regional Analysis


Asia Pacific region’s economic growth, coupled with increasing population and urban migration, has driven demand for affordable and efficient building materials.

Asia-Pacific leads the global gypsum wallboard market, accounting for the largest share due to rapid urbanization, robust infrastructure development, and an expanding construction industry. The region’s economic growth, coupled with increasing population and urban migration, has driven demand for affordable and efficient building materials. Countries like China, India, and Indonesia are experiencing significant investments in housing, commercial spaces, and industrial facilities, creating a thriving market for gypsum wallboards. China, as one of the largest manufacturers and consumers of gypsum wallboard, plays a pivotal role in the regional market. The country’s booming real estate sector and government-driven initiatives, such as affordable housing projects and urban redevelopment programs, have bolstered the demand for cost-effective construction materials. India, on the other hand, is witnessing a surge in middle-class housing projects and infrastructure development, further driving market growth.
Japan and South Korea contribute to the market with their advanced construction technologies and emphasis on high-quality materials. Southeast Asian nations, including Vietnam, Thailand, and Indonesia, are also emerging as key players, driven by rising disposable incomes and the growing popularity of modern construction practices. Additionally, Asia-Pacific’s focus on sustainability and green building practices has amplified the adoption of gypsum wallboards, known for their recyclability and energy-efficient properties.

Key Developments

• In February 2024, Knauf introduced a new lightweight, high-performance gypsum wallboard tailored for modular construction.
• In May 2024, Saint-Gobain launched an eco-friendly wallboard line with improved recyclability.
• In September 2024, USG Corporation announced a collaboration with leading architects to develop soundproof wallboard solutions for commercial buildings.
• In December 2024, Georgia-Pacific unveiled a moisture-resistant gypsum wallboard designed for high-humidity environments.


Considered in this report
* Historic year: 2018
* Base year: 2023
* Estimated year: 2024
* Forecast year: 2029


Aspects covered in this report
* Gypsum Wallboard Market with its value and forecast along with its segments
* Country-wise Nitrile Rubber Market analysis
* Various drivers and challenges
* On-going trends and developments
* Top profiled companies
* Strategic recommendation


By Product Type:
• Standard Gypsum Wallboard
• Moisture-Resistant Gypsum Wallboard
• Fire-Resistant Gypsum Wallboard


By Application:
• Residential
• Commercial
• Industrial


By Distribution Channel:
• Direct Sales
• Retail Stores
• E-commerce Platforms



The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Gypsum Wallboard industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.