Plasterboard Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2024-2032-2027, Segmented By Type (Standard, Fire-Resistant, Sound-insulated, Moisture-Resistant, Thermal, Specialist, Impact-Resistant), By Form (Tapered-Edged and Square-Edged), By End-Use Sector (Residential and Non-Residential)) and By Region
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Infrastructure | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationPlasterboard Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2024-2032-2027, Segmented By Type (Standard, Fire-Resistant, Sound-insulated, Moisture-Resistant, Thermal, Specialist, Impact-Resistant), By Form (Tapered-Edged and Square-Edged), By End-Use Sector (Residential and Non-Residential)) and By Region
The Plasterboard Market is expected to reach 16.95 billion square meters in 2025 and grow at a CAGR of 6.19% to reach 22.88 billion square meters by 2030.
The global plasterboard market is projected to register growth at a robust rate during the forecast period, 2023-2027. The market growth can be attributed to the rise in construction activities, growing urbanization and emergence of environment-friendly construction techniques. Plasterboards offer unique properties such as insulation to sound and heat, impact resistance, and moisture resistance. The demand for plasterboards is increasing significantly owing to superior quality, low-cost, and ease of installation. Besides, strong demand for dry construction methods over wet methods is augmenting the market growth. Rise in personal disposable income of the middle-class population is facilitating the expansion of middle-class housing segment, which in turn, is expected to accelerate the adoption of plasterboards during the forecast period. Moreover, high investment in the construction sector by private players and governments to advance infrastructure is acting a major driver for the growing adoption of plasterboards. Furthermore, emergence of new and improved varieties of plasterboards by key players are likely to fuel the growth of the global plasterboard market in the coming years. However, poor acceptance of plasterboard among end users due to pre-conditioned mindsets about plasterboards and lack of recyclability of plasterboard might act as a restraining factor for the growth of the global plasterboard market in the coming years.
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The global plasterboard market is segmented on the basis of type, form, end-use sector, and region. Based on form, the market is segmented into tapered-edged and square-edged. The tapered-edged segment is predicted to grow at a higher rate during the forecast period since it is easy and quick to install as compared to the square-edged plasterboard. Based on end-user segment, the market is divided into residential and non-residential. The residential sector dominated the market in 2024-2032, and is projected to grow at a higher rate during the forecast period as plasterboards are used for the construction of wall panels, ceilings, and partitions.
Some of the leading players in the global plasterboard market are Gypsum Management and Supply Inc., Armstrong World Industries Inc, Saint- Gobain S.A., Lafargeholcim Ltd, Knauf Gips Kg, Beijing New Building Material Group, National Gypsum Company, Gyprock, Ahlstrom Corporation, Yoshino Gypsum Co, Ltd. etc.
Plasterboard Market Segment Insights
Plasterboard Form Insights
Based on form, the Plasterboard market segmentation includes square-edged and tapered-edged. The square-edged segment dominated the market due to its versatility in installation, cost-effectiveness, familiarity with the industry, and compatibility with various finishing techniques. These factors collectively contribute to its preferred choice among builders, making it the dominant segment in the plasterboard market.
Plasterboard Type Insights
The Plasterboard market segmentation, based on type, includes damp-proof plasterboard, fire-resistant plasterboard, impact-resistant plasterboard, insulated plasterboard, moisture-resistant plasterboard, sound-insulated plasterboard, standard, plasterboard, and thermal plasterboard. The fire-resistant plasterboard segment dominated the market due to the increasing focus on fire safety regulations and the need for reliable fire protection in buildings. The unique ability of fire-resistant plasterboards to resist the spread of flames and provide enhanced fire resistance has positioned them as a preferred choice for ensuring the safety and integrity of structures.
Plasterboard End-Use Industry Insights
Based on the end-use industry, the Plasterboard market segmentation includes residential and non-residential. The residential segment dominated the market due to the continuous demand for housing, its versatility and aesthetics, its thermal and acoustic insulation properties, suitability for renovation projects, and cost-effectiveness in residential construction.
Plasterboard Regional Insights
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The Asia-Pacific Plasterboard Market area will dominate this market, owing to an increase in the favorable business environment coupled with strong economic growth that has fueled investments in the construction sector in this Region. Moreover, China’s Plasterboard market held the largest market share, and the Indian Plasterboard market was the fastest-growing market in the Asia-Pacific region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Plasterboard Key Market Players& Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the Plasterboard market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The plasterboard industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Plasterboard industry to benefit clients and increase the market sector. The Plasterboard industry has offered some of the most significant advantages in recent years. Major players in the Plasterboard market, including Armstrong World Industries Inc. (US), Etex Group (Belgium), Saint-Gobain SA (France), Gypsum Management and Supply, Inc. (the US), USG Corporation (US), Georgia Pacific LLC (US), Boral Limited (Australia), KNAUF Gips KG (Germany), Fletcher Building Limited (New Zealand), LafargeHolcim Ltd (Switzerland), and National Gypsum Company (US), Associated Tube Group (Canada), EVRAZ PLC (Russia), Marmon/Keystone Canada Inc. (US), Sandvik AB (Sweden), Tenaris SA (US), WELDED TUBE OF CANADA CORP. (US), and Welded Tubes, Inc. (US), and others, are attempting to increase market demand by investing in research and development operations.
Compagnie de Saint-Gobain S.A. is a renowned French multinational corporation established in 1665 by King Louis XIV in Paris. The company, headquartered in La Défense and Courbevoie on the outskirts of Paris, initially focused on producing mirrors but has now diversified into manufacturing a wide range of construction materials, high-performance products, and other materials. As part of its commitment to sustainability and environmental responsibility, Saint-Gobain, in collaboration with its building products subsidiary CertainTeed Canada Inc., has announced a substantial investment of CAD 91 million (USD 73 million). This investment includes CAD 40 million (USD 32 million) in grant funds from the government of Quebec through its EcoPerformance program. The funds will be used to upgrade the equipment at Saint-Gobain's wallboard manufacturing facility in Montreal, aiming to significantly reduce carbon emissions by approximately 44,000 metric tonnes annually.
At Etex, our people come first. While we take pride in being leaders in modern, sustainable construction, our priority is the well-being of our teammates. As a building material manufacturer and innovator in lightweight construction, our mission is to inspire people worldwide to create living spaces that are safe, sustainable, intelligent, and aesthetically pleasing. To further strengthen our sustainable business segment, we recently acquired URSA, a European pioneer in insulation solutions. This strategic move has expanded our portfolio, enabling us to offer a wider range of systems and solutions. With the addition of insulation expertise to our existing offerings in Plasterboard, fiber-cement, passive fire protection, and modular products, we are better equipped to meet the diverse needs of our customers.
Key CompaniesIn The Plasterboard Market Include
- Armstrong World Industries Inc. (US)
- Etex Group (Belgium)
- Saint-Gobain SA (France)
- Gypsum Management and Supply Inc. (the US)
- USG Corporation (US)
- Georgia Pacific LLC (US)
- Boral Limited (Australia)
- KNAUF Gips KG (Germany)
- Fletcher Building Limited (New Zealand)
- LafargeHolcim Ltd (Switzerland)
Plasterboard Industry Developments
April 2022Saint-Gobain and Dalsan signed a joint venture agreement that says their plaster and plasterboard businesses in Turkey will be combined. Saint-Gobain Rigips and DalsanAlci made more than EUR 100 million (USD 117 million) in sales in 2021. When an investment project at the new plant in Turgutlu (Manisa) is finished in 2023, they will be in the lead with the ability to make 100 million square meters of Plasterboard, 2 million tonnes of plaster, and 50 million meters of metal profiles each year.
January 2022Etex acquired URSA, a European pioneer in insulation solutions, to strengthen its portfolio in the sustainable business segment. Etex offered more systems and solutions when it added insulation expertise to its Plasterboard, fiber-cement, passive fire protection, and modular products.
Plasterboard Market Segmentation
Plasterboard Form Outlook
- Square-Edged
- Tapered-Edged
Plasterboard Type Outlook
- Damp-Proof Plasterboard
- Fire-Resistant Plasterboard
- Impact-Resistant Plasterboard
- Insulated Plasterboard
- Moisture-Resistant Plasterboard
- Sound-insulated Plasterboard
- Standard Plasterboard
- Thermal Plasterboard
Plasterboard End-Use Industry Outlook
- Residential
- Non-Residential
Plasterboard Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
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Attribute |
Details |
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Historic Data |
2024-2032 – 2024-2032 |
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Estimated Year |
2022 |
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Forecast Period |
2023 – 2027 |
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Quantitative Units |
Revenue in USD Million, Volume in Units, CAGR for 2024-2032-2024-2032 and 2022-2027 |
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Report coverage |
Revenue Forecast, Volume Forecast, Company Share, Competitive Landscape, Growth Factors, And Trends |
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Segments covered |
· By Type · By Form · By End-Use Sector |
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Region scope |
Asia Pacific; Europe & CIS; North America; South America; Middle East & Africa |
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Country scope |
China; India; Japan; South Korea; Australia; Singapore; Malaysia; France; Germany; United Kingdom; Italy; Spain; United States; Mexico; Canada; Brazil; Argentina; Colombia; South Africa; Saudi Arabia; UAE; Qatar |
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Key companies profiled |
Gypsum Management and Supply Inc., Armstrong World Industries Inc, Saint- Gobain S.A., Lafargeholcim Ltd, Knauf Gips Kg, Beijing New Building Material Group, National Gypsum Company, Gyprock, Ahlstrom Corporation, Yoshino Gypsum Co, Ltd. |
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Customization scope |
10% free report customization with purchase. Addition or alteration to regional & segment scope. |
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Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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