Gypsum Board Market is Expected to Reach USD 68.91 Billion By 2035

Rising Focus on Sustainable Building Development and Eco-Friendly Construction Materials is Driving Market Growth

According to Next Move Strategy Consulting, the global Gypsum Board Market was valued at USD 35.77 billion in 2025 and is expected to reach USD 40.65 billion in 2026, with forecasts estimating the market is projected to reach USD 68.91 billion by 2035, advancing at a CAGR of 6.04% from 2026 to 2035. Key growth catalysts include rapid urbanization across Asia-Pacific, stringent fire and acoustic building codes, the global green building movement, and rising preference for lightweight, sustainable drywall in modular and prefabricated construction. The drywall and plasterboard sector continues to benefit from favorable building material substitution trends away from traditional masonry in both developed and emerging economies.

Based on our assessment, we found that the global shift toward sustainable construction is a primary force shaping the Gypsum Board Market. Builders and developers are increasingly adopting lightweight, low-emission building materials to comply with green building certification frameworks such as LEED, BREEAM, and Green Star. Gypsum board systems contribute to improved thermal efficiency, enhanced indoor air quality, and reduced environmental impact through recycled-content formulations and low-VOC products. As a result, growing emphasis on sustainable building practices is accelerating the adoption of advanced gypsum board solutions and driving long-term market expansion worldwide.

However, our evaluation indicates that competition from alternative walling materials remains a key restraint for the Gypsum Board Market. We observed that traditional masonry, cement blocks, precast concrete, and fiber cement boards continue to dominate construction activities in many price-sensitive emerging economies due to established supply chains, contractor familiarity, and relatively lower upfront costs. Consumer preference for conventional building methods can limit drywall adoption, particularly in affordable housing projects. As a result, manufacturers are required to invest in market education, installer training, and competitive pricing strategies to improve gypsum board penetration in high-growth regions.

On the other hand, expanding institutional construction is emerging as a significant opportunity within the Gypsum Board Market. Based on our evaluation, we observed increasing investments in healthcare facilities, educational campuses, and public infrastructure projects that require high-performance building materials. Hospitals demand radiation-shielding, moisture-resistant, and impact-resistant gypsum boards, while educational institutions increasingly specify acoustic and fire-rated wallboard systems. Furthermore, government-backed healthcare and education development programs across Asia, Africa, and Latin America are creating sustained demand for specialty gypsum board products, positioning the institutional segment as a key avenue for future market growth and competitive differentiation.

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According to the report, leading players in the Gypsum Board Market include Knauf Gips KG, Compagnie de Saint-Gobain S.A., China National Building Material Co., Ltd. (CNBM), Georgia-Pacific LLC, Eagle Materials Inc., Etex Group NV, National Gypsum Company, The Siam Cement Public Company Limited, Volma, Fletcher Building Limited, Partex Gypsum Board Mills Ltd, PABCO Building Products, LLC, Yoshino Gypsum Co., Ltd., Gypsemna Co. LLC, Mada Gypsum Company, Gyptec Ibérica - Gessos Técnicos, S.A., Global Gypsum Board Co LLC, Cabot Manufacturing ULC, KCC Corporation, Shandong Etall Building Material Co., Ltd., and others.

We observed that in January 2026, Etex partnered with Kunooz Oman Holding to expand gypsum-based activities in Oman, strengthening plasterboard manufacturing capabilities and enhancing regional gypsum board supply across the Middle East. Similarly, in September 2025, Saint-Gobain Canada completed the expansion and sustainable upgrade of its Quebec facility, creating North America's first zero-carbon gypsum wallboard plant and reinforcing the industry's transition toward low-carbon building material production.

In another key development, March 2025 marked the official opening of Etex's USD 200 million plasterboard manufacturing facility in Bristol, UK, representing the company's largest production investment and significantly expanding gypsum board manufacturing capacity. Further strengthening its sustainability portfolio, Saint-Gobain launched its first 100% recycled plasterboard in January 2025, supporting circular construction practices and advancing environmentally responsible gypsum board manufacturing.

Additionally, in October 2024, Knauf Egypt expanded its gypsum board and gypsum powder operations by launching a third manufacturing facility in Egypt, increasing regional production capacity and supporting rising construction demand across the Middle East and Africa. Also, in October 2024, Yoshino Gypsum introduced Tiger R100, a gypsum board manufactured using 100% recycled gypsum, broadening its sustainable product portfolio and addressing increasing demand for eco-friendly construction materials.

In another strategic move, September 2024 saw Knauf India strengthen its gypsum board business by ensuring all plasterboard products complied with BIS ISI standards, enhancing product quality, regulatory compliance, and competitive positioning in the Indian market.

Based on our assessment, we found that the Gypsum Board Market is undergoing significant transformation driven by sustainability initiatives, manufacturing capacity expansion, product innovation, and stricter regulatory standards. Strategic partnerships, investments in low-carbon production technologies, recycled-content product development, and regional capacity enhancements continue to accelerate market growth, positioning gypsum board as a key material for modern, energy-efficient, and sustainable construction worldwide.

Key Insights from the Gypsum Board Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the Gypsum Board Market is provided in the report.

• The value chain analysis in the market study provides a clear picture of the role of each stakeholder.

• The market share of the global Gypsum Board Market players and their competitive analysis are provided in the report.