Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 27.67 Billion | USD 49.81 Billion | 6.2% | 2024 |
The global plasterboard market size was worth around USD 27.67 Billion in 2024 and is predicted to grow to around USD 49.81 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 6.2% between 2025 and 2034. The report analyzes the global plasterboard market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the plasterboard industry.
Plasterboard is used in multiple construction applications, such as noise reduction, and in the ceiling lining to improve the quality of the construction. These plasterboards come in different form factors that are of different sizes and shapes and hence can be used in multiple applications due to their flexibility.
Increasing urbanization and industrialization have propelled the demand for infrastructure across the world, and hence this will majorly drive the plasterboard market potential over the forecast period. Rising demand for better solutions in the construction industry will also majorly influence the plasterboard market potential and is expected to see steady growth over the forecast period.
However, the high cost of production of these plasterboards is expected to have a hindering effect on the global plasterboard market potential. Also, stringent government norms for construction are also anticipated to have a negative impact on the plasterboard market potential through 2028.
Disrupted logistics, shortage of raw materials, and lack of skilled labor are some other factors that restricted constriction activity in 2020. Hampered manufacturing and distribution activity also played a key role in the plasterboard market's potential degradation in this era.
As restrictions are lifted, the plasterboard market is predicted to make a comeback at a steady pace through the forecast period owing to resuming construction activity. The demand for the plasterboard market is expected to see good growth in the post-pandemic era and is expected to put plasterboard manufacturers on the track to recovery from the losses of a pandemic.
Increasing demand for Infrastructure Development
Urbanization and industrialization have led to a substantial increase in demand for infrastructure across the world, and this trend is anticipated to boost the plasterboard market potential in the long run. Increasing the use of plasterboard in construction activity will help the market grow at a steady pace over the forecast period, and increasing demand for advanced plasterboards is also expected to act in favor of plasterboard market growth. High demand from India and China is expected to be recorded owing to rising construction activity in these countries.
High cost of production
Plasterboard is observed to have high production and manufacturing costs, and this is expected to restrain its adoption in multiple applications. Especially in emerging economies where the spending potential is very low, the plasterboard market will experience a lapse in growth. This will affect the overall plasterboard market growth and slow it down substantially. Another factor that restrains market growth is stringent government mandates regarding the use of plasterboard in construction, and these make it hard for plasterboard companies to introduce standard products, hence resulting in hindering plasterboard market potential.
The global plasterboard market is segregated based on type, form, end-use sector, and region.
By type, the market is divided into Standard, Fire-resistant, Sound-insulated, Moisture-resistant, Thermal, Specialist, Impact-resistant, Triple Low-E, and gas-filled. The fire-resistant and moisture-resistant segments are expected to see high demand in industrial applications to reduce maintenance costs and enhance the productivity of infrastructure.
By end-use sector, the plasterboard market is segmented into residential and non-residential. The non-residential sector is expected to see high demand owing to rising industrialization across the globe, which has increased construction activity in this sector, and this trend is expected to be prominent over the forecast period as well.
Report Attributes | Report Details |
---|---|
Report Name | Plasterboard Market |
Market Size in 2024 | USD 27.67 Billion |
Market Forecast in 2034 | USD 49.81 Billion |
Growth Rate | CAGR of 6.2% |
Number of Pages | 187 |
Key Companies Covered | Armstrong 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 Li, and others. |
Segments Covered | By Type, By Form, By End-Use Sector, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The Asia Pacific region leads the global plasterboard market and is expected to maintain this stance over the forecast period as well, owing to high infrastructural development in this region. Rapid urbanization and industrialization have led to a massive increase in construction activity in this region and are influencing the plasterboard market potential in this region through 2028. The emerging economies of China and India, owing to rising demand for infrastructure development, will see high potential for plasterboard market growth over the forecast period.
The market for plasterboard in North America will also account for a substantial share, and the United States is expected to be the most prominent market in this region owing to high residential construction activity.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the plasterboard market on a global and regional basis.
Some of the main competitors dominating the global posterboard market include:
By Type
By Form
By End-User
By Region
FrequentlyAsked Questions
The global plasterboard market is expected to grow due to rising construction activities, increasing demand for lightweight and fire-resistant materials, and growing urbanization.
According to a study, the global plasterboard market size was worth around USD 27.67 Billion in 2024 and is expected to reach USD 49.81 Billion by 2034.
The global plasterboard market is expected to grow at a CAGR of 6.2% during the forecast period.
Asia-Pacific is expected to dominate the plasterboard market over the forecast period.
Leading players in the global plasterboard market include Armstrong 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 Li, among others.
The report explores crucial aspects of the plasterboard market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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