Gypsum and Drywall Market Share and New Trends Analysis: By Its Type, Application, End-use and Forecast for period from 2024 to 2031
The "Gypsum and Drywall Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Gypsum and Drywall market is expected to grow annually by 13.4% (CAGR 2024 - 2031).
This entire report is of 122 pages.
Gypsum and Drywall Introduction and its Market Analysis
The Gypsum and Drywall market research report provides a comprehensive analysis of the market conditions for these building materials. Gypsum is a mineral used as a primary ingredient in producing drywall, a popular construction material. The target market includes construction companies, contractors, and homeowners. Major factors driving revenue growth in the Gypsum and Drywall market include increasing construction activities, urbanization, and renovation projects. Key companies operating in the market include Saint-Gobain, Knauf Gips Kg, Lafargeholcim, and USG Corporation. The report's main findings highlight the market's steady growth and recommend companies to focus on product innovation and strategic partnerships to maintain a competitive edge.
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The gypsum and drywall market is experiencing significant growth, with a wide range of products available including wallboard, ceiling board, pre-decorated board, and others. These products are being used in various applications such as residential, non-residential, and commercial buildings.
Regulatory and legal factors play a crucial role in the gypsum and drywall market. The industry is subject to regulations and standards that ensure the safety and quality of these construction materials. For example, there are regulations related to fire resistance, moisture resistance, and indoor air quality that govern the manufacturing and installation of gypsum and drywall products.
In addition, there are legal factors that impact the market conditions, such as building codes, zoning laws, and environmental regulations. Companies operating in the gypsum and drywall market must comply with these laws to avoid penalties and maintain their reputation in the industry.
Overall, the gypsum and drywall market is expected to continue growing as the construction industry expands, driven by the increasing demand for affordable and sustainable building materials. However, companies must navigate the complex regulatory and legal landscape to ensure their products meet the required standards and regulations.
Top Featured Companies Dominating the Global Gypsum and Drywall Market
The global gypsum and drywall market is highly competitive with key players such as Saint-Gobain, Knauf Gips Kg, Etex, Lafargeholcim, Beijing New Buildings Material, USG Corporation, Tecni-Gypsum, Gyplac SA, National Gypsum (NGC), and American Gypsum dominating the market. These companies have a strong presence in the market through their innovative product offerings, extensive distribution networks, and strategic partnerships.
Saint-Gobain is a leading player in the gypsum and drywall market with a wide range of products for both residential and commercial applications. Knauf Gips Kg is another major player known for its high-quality gypsum and drywall products. Etex, Lafargeholcim, Beijing New Buildings Material, USG Corporation, Tecni-Gypsum, Gyplac SA, National Gypsum (NGC), and American Gypsum also have a significant market share and contribute to the growth of the gypsum and drywall market.
These companies play a crucial role in driving market growth by investing in research and development to develop innovative products, expanding their global reach through acquisitions and partnerships, and focusing on sustainability initiatives. They cater to various end-use industries such as construction, housing, commercial buildings, and infrastructure projects, thereby driving the demand for gypsum and drywall products.
In terms of sales revenue, Saint-Gobain reported revenue of approximately $47 billion in 2020, while Knauf Gips Kg reported revenue of around $8 billion. USG Corporation reported revenue of approximately $3 billion in 2020. These figures highlight the significant market presence and financial performance of these key players in the gypsum and drywall market.
- Saint-Gobain
- Knauf Gips Kg
- Etex
- Lafargeholcim
- Beijing New Buildings Material
- USG Corporation
- Tecni-Gypsum
- Gyplac SA
- National Gyppsum (NGC)
- American Gypsum
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Gypsum and Drywall Market Analysis, by Type:
- Wallboard
- Ceiling Board
- Pre-decorated Board
- Others
The types of gypsum and drywall include wallboard, ceiling board, pre-decorated board, and others like soundproof board and fire-resistant board. Wallboard is commonly used for interior walls, while ceiling board is used for ceilings. Pre-decorated board comes with a finished surface, eliminating the need for painting. The variety of options available in gypsum and drywall products cater to different needs and preferences, boosting the demand in the market. These different types of gypsum and drywall offer versatility, durability, and ease of installation, making them popular choices for construction and interior design projects.
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Gypsum and Drywall Market Analysis, by Application:
- Residential
- Non-residential
- Commercial
Gypsum and drywall are commonly used in residential, non-residential, and commercial construction projects. In residential applications, gypsum is used for interior wall and ceiling finishes, while drywall is used to create partitions and enclose spaces. In non-residential and commercial settings, gypsum and drywall are used for interior cladding, fire protection, and soundproofing. The fastest growing application segment in terms of revenue is expected to be the commercial sector, as the demand for high-quality interior finishes and efficient construction methods continues to rise. Overall, gypsum and drywall play a crucial role in modern construction due to their affordability, ease of installation, and versatility.
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Gypsum and Drywall Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The Gypsum and Drywall market is expected to experience substantial growth in the forecast period across various regions. North America, particularly the United States and Canada, is anticipated to dominate the market due to increased construction activities. In Europe, countries like Germany, France, and the . are expected to contribute significantly to market growth. The Asia-Pacific region, including China, Japan, India, and Australia, is also expected to witness significant growth. Latin America, Middle East & Africa are also projected to experience growth in the market. North America is expected to hold the largest market share, followed by Europe and Asia-Pacific. The market share percentage valuation is expected to vary across regions, with North America leading the market with a higher percentage followed by Europe, Asia-Pacific, Latin America, and Middle East & Africa.
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