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North America Gypsum Board Market Size (2024 - 2029)

The North American gypsum board market is poised for growth, driven by increasing demand in residential construction and repair activities, despite challenges such as susceptibility to water damage and environmental concerns related to landfill disposal. The market's expansion was hindered during the COVID-19 outbreak but has since recovered due to rising consumption in various sectors. Future construction investments are expected to offer significant opportunities for market growth over the forecast period.

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Market Size of North America Gypsum Board Industry

North America Gypsum Board - Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 5.50 %
Market Concentration High

Major Players

North America Gypsum Board Market Major Players

*Disclaimer: Major Players sorted in no particular order

North America Gypsum Board Market Analysis

The North American gypsum board market is anticipated to reach over 5,250 million sq m by the end of this year. It is expected to register a CAGR greater than 5.5% during the forecast period.

During the COVID-19 outbreak, there was a negative impact on the gypsum market in North America. However, the market recovered significantly in 2021, owing to rising consumption from various end-use applications, including residential, commercial sectors, and others.

  • Over the short term, key factors driving the market's growth include increasing product demand for residential construction coupled with rising repair activities across North America.
  • However, gypsum boards are susceptible to water damage due to their hygroscopic qualities. Furthermore, depositing gypsum boards in landfills can cause environmental problems such as leaking harmful compounds into groundwater and releasing methane gas. Such issues restrict the market growth expansion over the forecast period.
  • Nevertheless, future construction investments will likely create lucrative delivery opportunities for the North American gypsum board market over the forecast period.

North America Gypsum Board Industry Segmentation

Gypsum boards are a common building material used for partitions and lining walls, roofs, ceilings, and floors. These boards are constructed of a set gypsum core that is surfaced with specially created paper firmly adhered to the core. Gypsum board is also known as drywall, plasterboard, and wallboard. The gypsum board market is segmented by type, end-user industry, and geography. By type, the market is segmented into wallboard, ceiling board, and pre-decorated board. By end-user, the market is segmented into the residential, institutional, industrial, and commercial sectors. The report also covers the market sizes and forecasts for the gypsum board market in 3 countries across North America. For each segment, the market sizing and forecasts have been done based on volume (million sq m).

Type
Wall Board
Ceiling Board
Pre-decorated Board
End-User Industry
Residential Sector
Institutional Sector
Industrial Sector
Commercial Sector
Geography
United States
Canada
Mexico
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North America Gypsum Board Market Size Summary

The North American gypsum board market is poised for significant growth, driven by increasing demand in residential and commercial construction sectors. The market experienced a downturn during the COVID-19 pandemic but rebounded strongly in 2021 due to heightened consumption across various applications. Key factors propelling the market include the rising need for gypsum boards in residential construction and repair activities, supported by rapid urbanization and increased government investment in real estate. Despite challenges such as the susceptibility of gypsum boards to water damage and environmental concerns related to landfill disposal, the market is expected to benefit from future construction investments, creating lucrative opportunities.

Gypsum boards are widely used in both residential and commercial settings due to their lightweight nature and ease of installation, making them a popular choice for interior walls and ceilings. The demand is further bolstered by the growing trend of urban migration and the construction of high-class residential homes. The market is characterized by the presence of major manufacturers like Saint Gobain, Georgia-Pacific LLC, and Knauf, who are actively involved in sustainability initiatives, such as recycling gypsum wallboard. These efforts, along with the ongoing remodeling activities and increasing real estate values, are anticipated to drive the demand for gypsum boards in North America over the forecast period.

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North America Gypsum Board Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand From Residential Construction

      2. 1.1.2 Rising Repair Activities

    2. 1.2 Restraints

      1. 1.2.1 Gypsum Boards are 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 Buyers

      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

  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 End-User Industry

      1. 2.2.1 Residential Sector

      2. 2.2.2 Institutional Sector

      3. 2.2.3 Industrial Sector

      4. 2.2.4 Commercial Sector

    3. 2.3 Geography

      1. 2.3.1 United States

      2. 2.3.2 Canada

      3. 2.3.3 Mexico

North America Gypsum Board Market Size FAQs

The North America Gypsum Board Market is projected to register a CAGR of greater than 5.5% during the forecast period (2024-2029)

Saint Gobain, Georgia-Pacific LLC, Knauf, Etex Group and American Gypsum Company LLC are the major companies operating in the North America Gypsum Board Market.

North America Gypsum Board Report Snapshots

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