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Asia-Pacific Gypsum Board Market Size (2024 - 2029)

The Asia-Pacific Gypsum Board Market is anticipated to experience growth over the forecast period, driven by rising demand in the residential sector due to new construction and repair activities in developing economies. Despite the initial negative impact of the COVID-19 pandemic on construction activities, the market is expected to expand, supported by the overall growth in the global construction sector. While challenges such as the material's performance in water may impede progress, increased investment in infrastructure presents potential opportunities for market expansion. The residential segment remains the dominant application within the market.

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Market Size of Asia-Pacific Gypsum Board Industry

Asia-Pacific Gypsum Board Market Summary
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

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*Disclaimer: Major Players sorted in no particular order

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
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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.

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Asia-Pacific Gypsum Board Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Investment in the Construction Sector in the Emerging Economies

      2. 1.1.2 Increasing Demand from Residential Sector

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Prone to Water Damage

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

    5. 1.5 Price Analysis

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Type

      1. 2.1.1 Wall Board

      2. 2.1.2 Ceiling Board

      3. 2.1.3 Pre-decorated Board

    2. 2.2 Thickness

      1. 2.2.1 1/2-inch

      2. 2.2.2 5/8-inch

      3. 2.2.3 Other Thicknesses

    3. 2.3 Application

      1. 2.3.1 Residential Sector

      2. 2.3.2 Institutional Sector

      3. 2.3.3 Industrial Sector

      4. 2.3.4 Commercial Sector

    4. 2.4 Geography

      1. 2.4.1 China

      2. 2.4.2 India

      3. 2.4.3 Japan

      4. 2.4.4 South Korea

      5. 2.4.5 Thailand

      6. 2.4.6 Philippines

      7. 2.4.7 Vietnam

      8. 2.4.8 Indonesia

      9. 2.4.9 Malaysia

      10. 2.4.10 Australia and New Zealand

      11. 2.4.11 Rest of Asia-Pacific

Asia-Pacific Gypsum Board Market Size FAQs

The Asia-Pacific Gypsum Board Market is projected to register a CAGR of 6.29% during the forecast period (2024-2029)

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.

APAC Gypsum Board Market Report Snapshots

APAC Gypsum Board Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)