The valuation of the global gypsum board market stands at US$ 56.7 billion in 2023. Global demand for gypsum boards is forecasted to increase at a high-value CAGR of 12.3% and reach a market size of US$ 181 billion by the end of 2033.
Gypsum boards are widely used in the construction industry due to their properties such as sound attenuation, durability, and fire resistance. They are manufactured through modern technology to match some specific requirements and are prominently used in the surface layer of ceilings and interior walls. They are also used as a base for plastic, metal, and ceramic tiles.
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Market Players: –
- Gypsemna
- USG Zawawi Drywall LLC SFZ
- National Gypsum Company
- Yoshino Gypsum Co. Ltd.
- Extex Group
- Lafarge Group
- Knauf
- Ahmed Yousef & Hassan Abdulla Co. (AYHACO)
Key Players in the Gypsum Board Market:
Several major companies dominate the gypsum board market, offering a wide range of gypsum board products to meet various construction needs. These key players are leaders in manufacturing and innovation within the industry.
- Knauf Gips KG: Knauf is a global leader in building materials, and they have a strong presence in the gypsum board market. Their extensive range of gypsum board products includes options for fire resistance, sound insulation, and moisture resistance.
- Saint-Gobain S.A.: Saint-Gobain is a French multinational corporation known for its high-performance building materials. Their gypsum boards are widely used in construction projects, offering quality and reliability.
- USG Corporation: USG Corporation is a prominent player in the gypsum board market, with a focus on providing innovative solutions for the construction industry. They offer a diverse portfolio of gypsum board products to meet various construction requirements.
- National Gypsum Company: National Gypsum is a well-established player in the industry, known for its commitment to quality and sustainability. Their gypsum board products are used in a range of applications, from residential to commercial construction.
Segmentation of Gypsum Board Industry Research
- By Product :
- Wallboards
- Pre-decorated
- Ceilings
- Others
- By Application :
- Pre-engineered Metal Buildings
- Residential
- Commercial
- Industrial
- Institutional
Competitive Landscape
Some prominent producers of gypsum boards are increasing their expenditure on different types of promotional activities and strengthening their supply chain management systems. Effective channels for product supply ensure the quick and safe delivery of gypsum boards. Certain regulations are also imposed to minimize adverse environmental impacts.
New development, acquisitions, and other strategies are adopted by key players to get a competitive edge in the global market.
For instance :
- In October 2022, USG Knauf announced its plans to construct a new gypsum wallboard plant in Cluj Country’s Huedin. The investment helped to advance the ‘energy savings offensive’ of the Romanian government by supporting a renovation drive for houses in the country.
- In July 2022, Holcim acquired Cantillana, a prominent provider of specialty building solutions in Belgium. This acquisition is estimated to strengthen Holcim’s position in building energy efficiency and renovation solutions.
Key suppliers of gypsum boards are Gypsemna, USG Zawawi Drywall LLC SFZ, National Gypsum Company, Yoshino Gypsum Co. Ltd., Extex Group, Lafarge Group, Knauf, and Ahmed Yousef & Hassan Abdulla Co. (AYHACO).
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
Recent Developments and Innovations:
The gypsum board market has witnessed significant developments and innovations in recent years, enhancing the performance and sustainability of these construction materials. One noteworthy trend is the introduction of lightweight gypsum boards. These boards are engineered to be lighter while maintaining their structural integrity and fire-resistant properties. The reduced weight simplifies handling and installation, contributing to construction efficiency.
Furthermore, manufacturers are increasingly focusing on the sustainability of gypsum boards. This includes efforts to reduce energy consumption in the production process and minimize waste. Sustainable gypsum boards are designed to meet environmental standards and certifications, making them an attractive choice for green building projects and environmentally conscious consumers.
Additionally, advancements in moisture-resistant gypsum boards have expanded their use in wet areas, such as bathrooms and kitchens. These boards are engineered to withstand moisture and humidity, reducing the risk of mold and structural damage in areas prone to water exposure.
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