Market Size of Asia-Pacific Gypsum Board Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.29 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Gypsum Board Market Analysis
The Asia-Pacific Gypsum Board Market size is expected to grow from 15.06 billion square meters in 2023 to 20.42 billion Square Meters by 2028, at a CAGR of 6.29% during the forecast period (2023-2028).
The COVID-19 outbreak negatively impacted the market in 2020. With the COVID-19 pandemic's beginning, construction work stopped in the region, especially in major construction hubs like China and India. However, the market is projected to grow positively in the forecast period due to global construction sector growth.
- The primary factor driving the market studied is the increasing demand from the residential sector, owing to the new residential construction and repair activities in developing economies.
- On the flip side, the inability to perform in water is expected to hinder market growth.
- Increasing investment in the infrastructure sector is likely act as an opportunity during the forceast period.
- The residential segment dominated the market by application and is expected to continue doing so in the forecast period.
APAC Gypsum Board Industry Segmentation
Gypsum boards are made of a set gypsum core, surfaced with specifically manufactured paper firmly bonded to the core. It is commonly referred to as drywall, plasterboard, and wallboard. Gypsum boards are widely used for partitions and linings of walls, roofs, ceilings, and floors. The Asia Pacific, Gypsum Board Market, is segmented by type, application, and geography. The market is segmented by type into wall, ceiling, and pre-decorated boards. By application, the market is segmented into residential, institutional, industrial, and commercial sectors. The report also covers the market size and forecasts for the construction chemicals market in 11 countries across the region. The market sizing and forecasts have been done for each segment based on volume (square meters).
| Type | |
| Wall Board | |
| Ceiling Board | |
| Pre-decorated Board |
| Thickness | |
| 1/2-inch | |
| 5/8-inch | |
| Other Thicknesses |
| Application | |
| Residential Sector | |
| Institutional Sector | |
| Industrial Sector | |
| Commercial Sector |
| Geography | |
| China | |
| India | |
| Japan | |
| South Korea | |
| Thailand | |
| Philippines | |
| Vietnam | |
| Indonesia | |
| Malaysia | |
| Australia and New Zealand | |
| Rest of Asia-Pacific |
Asia-Pacific Gypsum Board Market Size Summary
The Asia-Pacific gypsum board market is poised for significant growth, driven primarily by the increasing demand from the residential sector. This demand is fueled by new residential construction and repair activities in developing economies, particularly in countries like China and India. The market experienced a setback due to the COVID-19 pandemic, which halted construction activities in major hubs. However, the market is expected to recover and expand during the forecast period, supported by the overall growth of the global construction sector. The residential segment remains dominant, with urbanization and government initiatives promoting affordable housing further propelling the market. Gypsum board's role as a material for interior walls and ceilings, as well as its use in constructing lightweight and durable walls, underscores its importance in the region's real estate development.
China holds a significant share of the Asia-Pacific gypsum board market, with rising demand for housing and substantial investments in both industrial and commercial construction sectors. The country's construction industry is experiencing robust growth, with increased infrastructure investments and planned projects contributing to the market's expansion. Similar trends are observed in other Asia-Pacific countries, such as India and Indonesia, where government housing programs are driving demand for gypsum board. The market is characterized by a consolidated nature, with major players like China National Building Material Company Limited, Saint-Gobain Gyproc, KCC CORPORATION, and Knauf Gips KG leading the industry. These companies are actively responding to the growing demand, positioning the regional market for favorable growth in the coming years.
Asia-Pacific Gypsum Board Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Investment in the Construction Sector in the Emerging Economies
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1.1.2 Increasing Demand from Residential Sector
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1.1.3 Other Drivers
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1.2 Restraints
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1.2.1 Prone to Water Damage
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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1.5 Price Analysis
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2. MARKET SEGMENTATION (Market Size in Volume)
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2.1 Type
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2.1.1 Wall Board
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2.1.2 Ceiling Board
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2.1.3 Pre-decorated Board
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2.2 Thickness
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2.2.1 1/2-inch
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2.2.2 5/8-inch
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2.2.3 Other Thicknesses
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2.3 Application
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2.3.1 Residential Sector
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2.3.2 Institutional Sector
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2.3.3 Industrial Sector
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2.3.4 Commercial Sector
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2.4 Geography
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2.4.1 China
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2.4.2 India
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2.4.3 Japan
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2.4.4 South Korea
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2.4.5 Thailand
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2.4.6 Philippines
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2.4.7 Vietnam
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2.4.8 Indonesia
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2.4.9 Malaysia
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2.4.10 Australia and New Zealand
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2.4.11 Rest of Asia-Pacific
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Asia-Pacific Gypsum Board Market Size FAQs
What is the current Asia-Pacific Gypsum Board Market size?
The Asia-Pacific Gypsum Board Market is projected to register a CAGR of 6.29% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Gypsum Board Market?
China National Building Material Company Limited (CNBM), KCC CORPORATION, Knauf Gips KG and Saint-Gobain Gyproc are the major companies operating in the Asia-Pacific Gypsum Board Market.
