Global Plasterboard Market Size, Share, Analysis Report - Forecast 2032

Plasterboard Market Insights

A latest report by Market Research Store estimates that the Global Plasterboard Market was valued at USD 26.65 Billion in 2023 and is expected to reach USD 45.03 Billion by 2032, with a CAGR of 6% during the forecast period 2024-2032. The report Plasterboard Market overview, growth factors, restraints, opportunities, segmentation, key developments, competitive landscape, consumer insights, and market growth forecast in terms of value or volume. These structured details offer an all-inclusive market overview, providing valuable insights for investment decisions, business decisions, strategic planning, and competitive analysis.

Request Free Sample

Plasterboard Market: Overview

The growth of the plasterboard market is fueled by rising global demand across various industries and applications. The report highlights lucrative opportunities, analyzing cost structures, key segments, emerging trends, regional dynamics, and advancements by leading players to provide comprehensive market insights. The plasterboard market report offers a detailed industry analysis from 2024 to 2032, combining quantitative and qualitative insights. It examines key factors such as pricing, market penetration, GDP impact, industry dynamics, major players, consumer behavior, and socio-economic conditions. Structured into multiple sections, the report provides a comprehensive perspective on the market from all angles.

Key sections of the plasterboard market report include market segments, outlook, competitive landscape, and company profiles. Market Segments offer in-depth details based on Type, Form, End-Use Sector, and other relevant classifications to support strategic marketing initiatives. Market Outlook thoroughly analyzes market trends, growth drivers, restraints, opportunities, challenges, Porter’s Five Forces framework, macroeconomic factors, value chain analysis, and pricing trends shaping the market now and in the future. The Competitive Landscape and Company Profiles section highlights major players, their strategies, and market positioning to guide investment and business decisions. The report also identifies innovation trends, new business opportunities, and investment prospects for the forecast period.

Key Highlights:

• As per the analysis shared by our research analyst, the global plasterboard market is estimated to grow annually at a CAGR of around 6% over the forecast period (2024-2032).
• In terms of revenue, the global plasterboard market size was valued at around USD 26.65 Billion in 2023 and is projected to reach USD 45.03 Billion by 2032.
• The market is projected to grow at a significant rate due to increasing construction and renovation activities, rising demand for lightweight and fire-resistant building materials, growing adoption of sustainable and eco-friendly solutions, and advancements in gypsum-based board technologies.
• Based on the Type, the Standard segment is growing at a high rate and will continue to dominate the global market as per industry projections.
• On the basis of Form, the Tapered-edged segment is anticipated to command the largest market share.
• In terms of End-Use Sector, the Residential segment is projected to lead the global market.
• Based on region, Europe is projected to dominate the global market during the forecast period.

Plasterboard Market: Report Scope

This report thoroughly analyzes the plasterboard market, exploring its historical trends, current state, and future projections. The market estimates presented result from a robust research methodology, incorporating primary research, secondary sources, and expert opinions. These estimates are influenced by the prevailing market dynamics as well as key economic, social, and political factors. Furthermore, the report considers the impact of regulations, government expenditures, and advancements in research and development on the market. Both positive and negative shifts are evaluated to ensure a comprehensive and accurate market outlook.

Plasterboard Market: Dynamics

Key Growth Drivers

The plasterboard market is primarily driven by the expanding construction sector, encompassing residential, commercial, and infrastructure development globally. Rapid urbanization, especially in developing economies across Asia-Pacific, the Middle East, and Africa, fuels the demand for new housing, commercial spaces, and infrastructure projects where plasterboard is a fundamental material for interior walls, ceilings, and partitions due to its versatility and ease of installation. Furthermore, the increasing focus on energy efficiency in buildings is boosting the demand for plasterboards with enhanced thermal and acoustic insulation properties, aligning with the global push for sustainable and energy-efficient construction. The growing middle-class population and rising disposable incomes, particularly in emerging economies like China and India, are also contributing to the growth of the residential construction sector, thereby increasing the demand for plasterboard.

Restraints

Despite the strong growth drivers, the plasterboard market faces certain restraints. Environmental concerns related to gypsum mining and the energy-intensive manufacturing process can lead to increased scrutiny and regulations, potentially raising production costs. The availability and adoption of alternative building materials that are perceived as more cost-effective or environmentally friendly in some regions can also hinder market growth. Additionally, a lack of awareness among end-users regarding the recyclability of plasterboard and a pre-conceived reluctance to adopt it due to concerns about moisture sensitivity, particularly in older types of plasterboard, can limit its wider acceptance. Fluctuations in the prices of raw materials such as gypsum and paper can also impact the profitability of plasterboard manufacturers.

Opportunities

The plasterboard market has significant opportunities for growth. The increasing demand for eco-friendly and sustainable building materials presents a major opportunity for manufacturers to develop and market plasterboards made from recycled materials and with lower environmental impact. The trend towards renovation and retrofitting of existing buildings, especially in developed markets, offers a substantial market for plasterboard due to its properties like improved insulation and fire resistance. The rise in prefabricated and modular construction techniques also creates opportunities for plasterboard suppliers as these methods prioritize speed and efficiency, where plasterboard plays a crucial role. Moreover, the development of smart plasterboards integrated with sensors for monitoring temperature, humidity, or structural integrity presents a novel and potentially high-growth segment.

Challenges

The plasterboard market faces several challenges. One significant challenge is the need to overcome the perception among some end-users, particularly in emerging economies, about the susceptibility of plasterboard to moisture damage, despite advancements in moisture-resistant varieties. Ensuring consistent quality and performance across different product types and manufacturers remains crucial to maintain trust and encourage wider adoption. The industry also needs to address the limited infrastructure for recycling plasterboard in many regions to align with sustainability goals. Intense competition among existing players can put pressure on pricing and profit margins. Furthermore, adapting to evolving building codes and regulations related to fire safety, acoustics, and environmental performance requires continuous innovation and investment from manufacturers. Supply chain disruptions and fluctuations in raw material availability can also pose operational challenges for the market.

Plasterboard Market: Segmentation Insights

The global plasterboard market is segmented based on Type, Form, End-Use Sector, and Region. All the segments of the plasterboard market have been analyzed based on present & future trends and the market is estimated from 2024 to 2032.

Based on Type, the global plasterboard market is divided into Standard, Fire-resistant, Sound-insulated, Moisture-resistant, Thermal, Specialist, Impact-resistant, Triple low-e, gas-filled.

On the basis of Form, the global plasterboard market is bifurcated into Tapered-edged, Square-edged.

In terms of End-Use Sector, the global plasterboard market is categorized into Residential, Non-residential.

Plasterboard Market: Regional Insights

The Asia-Pacific (APAC) region dominates the global plasterboard market, driven by rapid urbanization, booming construction activities, and increasing infrastructure investments in countries like China, India, and Japan. According to recent industry reports, APAC held the largest market share (over 40% in 2023) due to high demand for residential and commercial construction, supported by government initiatives such as China’s urbanization policies and India’s Smart Cities Mission. North America and Europe follow, with steady growth attributed to renovation projects and energy-efficient building trends. The Middle East & Africa is also emerging as a key market due to large-scale infrastructure developments. APAC’s dominance is expected to persist, with a projected CAGR of 5-6% (2024-2030), fueled by population growth and industrialization.

Plasterboard Market: Competitive Landscape

The plasterboard market report offers a thorough analysis of both established and emerging players within the market. It includes a detailed list of key companies, categorized based on the types of products they offer and other relevant factors. The report also highlights the market entry year for each player, providing further context for the research analysis.

The "Global Plasterboard Market" study offers valuable insights, focusing on the global market landscape, with an emphasis on major industry players such as;

• World Industries Inc. (U.S.)
• Etex Group (Belgium)
• Saint-Gobain S.A. (France)
• Gypsum Management and Supply Inc. (U.S.)
• USG Corporation (U.S.)
• Georgia Pacific LLC (U.S.)
• Boral Limited (Australia)
• KNAUF Gips KG (Germany)
• Fletcher Building Limited (New Zealand)
• LafargeHolcim Ltd. (Switzerland)
• and National Gypsum Company (U.S.). Other players in the plasterboard market include Mada Gypsum Company (Saudi Arabia)
• Beijing New Building Material Group (China)
• Gypsemna (UAE)
• Gyprock (Australia)
• Siniat Ltd (U.K.)
• Ayhaco Gypsum Products (UAE)
• Ahlstrom Corporation (Finland)
• Tai Shah Gypsum Co. (China)
• Yoshino Gypsum Co. Ltd. (Japan)
• Tanzania Gypsum Limited (Tanzania)
• Atiskan Gypsum Products Co Inc. (Turkey)
• Jason Plasterboard Co. Ltd. (China)
• and Gyptec Iberica (Portugal).

The Global Plasterboard Market is Segmented as Follows:

By Type

• Standard
• Fire-resistant
• Sound-insulated
• Moisture-resistant
• Thermal
• Specialist
• Impact-resistant
• Triple low-e
• gas-filled

By Form

• Tapered-edged
• Square-edged

By End-Use Sector

• Residential
• Non-residential

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Market Evolution

This section evaluates the market position of the product or service by examining its development pathway and competitive dynamics. It provides a detailed overview of the product's growth stages, including the early (historical) phase, the mid-stage, and anticipated future advancements influenced by innovation and emerging technologies.

Porter’s Analysis

Porter’s Five Forces framework offers a strategic lens for assessing competitor behavior and the positioning of key players in the plasterboard industry. This section explores the external factors shaping competitive dynamics and influencing market strategies in the years ahead. The analysis focuses on five critical forces:

• Competitive Rivalry
• Threat of New Entrants
• Threat of Substitutes
• Supplier Bargaining Power
• Buyer Bargaining Power

Value Chain & Market Attractiveness Analysis

The value chain analysis helps businesses optimize operations by mapping the product flow from suppliers to end consumers, identifying opportunities to streamline processes and gain a competitive edge. Segment-wise market attractiveness analysis evaluates key dimensions like product categories, demographics, and regions, assessing growth potential, market size, and profitability. This enables businesses to focus resources on high-potential segments for better ROI and long-term value.

PESTEL Analysis

PESTEL analysis is a powerful tool in market research reports that enhances market understanding by systematically examining the external macro-environmental factors influencing a business or industry. The acronym stands for Political, Economic, Social, Technological, Environmental, and Legal factors. By evaluating these dimensions, PESTEL analysis provides a comprehensive overview of the broader context within which a market operates, helping businesses identify potential opportunities and threats.

• Political factors assess government policies, stability, trade regulations, and political risks that could impact market operations.
• Economic factors examine variables like inflation, exchange rates, economic growth, and consumer spending power to determine market viability.
• Social factors explore cultural trends, demographics, and lifestyle changes that shape consumer behavior and preferences.
• Technological factors evaluate innovation, R&D, and technological advancements affecting product development and operational efficiencies.
• Environmental factors focus on sustainability, climate change impacts, and eco-friendly practices shaping market trends.
• Legal factors address compliance requirements, industry regulations, and intellectual property laws impacting market entry and operations.

Import-export Analysis & Pricing Analysis

An import-export analysis is vital for market research, revealing global trade dynamics, trends, and opportunities. It examines trade volumes, product categories, and regional competitiveness, offering insights into supply chains and market demand. This section also analyzes past and future pricing trends, helping businesses optimize strategies and enabling consumers to assess product value effectively.

Plasterboard Market: Company Profiles

The report identifies key players in the plasterboard market through a competitive landscape and company profiles, evaluating their offerings, financial performance, strategies, and market positioning. It includes a SWOT analysis of the top 3-5 companies, assessing strengths, weaknesses, opportunities, and threats. The competitive landscape highlights rankings, recent activities (mergers, acquisitions, partnerships, product launches), and regional footprints using the Ace matrix. Customization is available to meet client-specific needs.

Regional & Industry Footprint

This section details the geographic reach, sales networks, and market penetration of companies profiled in the plasterboard report, showcasing their operations and distribution across regions. It analyzes the alignment of companies with specific industry verticals, highlighting the industries they serve and the scope of their products and services within those sectors.

Ace Matrix

This section categorizes companies into four distinct groups—Active, Cutting Edge, Innovator, and Emerging—based on their product and business strategies. The evaluation of product strategy focuses on aspects such as the range and depth of offerings, commitment to innovation, product functionalities, and scalability. Key elements like global reach, sector coverage, strategic acquisitions, and long-term growth plans are considered for business strategy. This analysis provides a detailed view of companies' position within the market and highlights their potential for future growth and development.

Research Methodology

The qualitative and quantitative insights for the plasterboard market are derived through a multi-faceted research approach, combining input from subject matter experts, primary research, and secondary data sources. Primary research includes gathering critical information via face-to-face or telephonic interviews, surveys, questionnaires, and feedback from industry professionals, key opinion leaders (KOLs), and customers. Regular interviews with industry experts are conducted to deepen the analysis and reinforce the existing data, ensuring a robust and well-rounded market understanding.

Secondary research for this report was carried out by the Market Research Store team, drawing on a variety of authoritative sources, such as:

• Official company websites, annual reports, financial statements, investor presentations, and SEC filings
• Internal and external proprietary databases, as well as relevant patent and regulatory databases
• Government publications, national statistical databases, and industry-specific market reports
• Media coverage, including news articles, press releases, and webcasts about market participants
• Paid industry databases for detailed market insights

Market Research Store conducted in-depth consultations with various key opinion leaders in the industry, including senior executives from top companies and regional leaders from end-user organizations. This effort aimed to gather critical insights on factors such as the market share of dominant brands in specific countries and regions, along with pricing strategies for products and services.

To determine total sales data, the research team conducted primary interviews across multiple countries with influential stakeholders, including:

• Distributors
• Marketing, Brand, and Product Managers
• Procurement and Production Managers
• Sales and Regional Sales Managers, Country Managers
• Technical Specialists
• C-Level Executives

These subject matter experts, with their extensive industry experience, helped validate and refine the findings. For secondary research, data was sourced from a wide range of materials, including online resources, company annual reports, industry publications, research papers, association reports, and government websites. These various sources provide a comprehensive and well-rounded perspective on the market.

Frequently Asked Questions