Global Drywall And Gypsum Board Market Forecasted to Grow Steadily at 6.8% CAGR Between 2025 and 2029


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What Is the Forecasted Market Size of the Drywall And Gypsum Board Market by 2029?
The drywall and gypsum board market size has grown strongly in recent years. It will grow from $31.87 billion in 2024 to $34.16 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to a surge in renovation and remodeling activities, emphasis on quick installation and cost-effective building materials, growing popularity of dry construction methods over wet methods, growth in hotel, retail, and office space development, and increasing use of drywall in industrial buildings and warehouses.

The drywall and gypsum board market size is expected to see strong growth in the next few years. It will grow to $44.47 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to rising global construction and infrastructure activities, increasing demand for affordable housing projects, growth in commercial real estate developments, urbanization in emerging economies, and expansion of smart city initiatives. Major trends in the forecast period include the development of lightweight drywall panels, advancements in fire-resistant gypsum boards, introduction of moisture- and mold-resistant boards, enhanced soundproof drywall technologies, and use of eco-friendly and recycled materials.

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What Are the Major Growth Drivers for the Drywall And Gypsum Board Market?
The rising construction activities are expected to propel the growth of the drywall and gypsum board market going forward. Construction activities include all processes involved in building, modifying, or dismantling physical structures such as buildings and infrastructure. Construction activities are increasing as a result of rapid urbanization, which creates a need for more residential, commercial, and infrastructure projects to accommodate larger urban populations. Drywall and gypsum boards are required in construction activities as they enable faster and more efficient interior wall and ceiling installation compared to traditional methods, significantly reducing labor time and overall project costs. For instance, in July 2025, according to the Census Bureau, a US-based government agency, the seasonally adjusted annual rate for public construction spending was approximately $511.6 billion in May, reflecting a 0.1% rise compared to the revised estimate of $511.3 billion in April. Therefore, the rising construction activities are driving the growth of the drywall and gypsum board market.

Which Key Segments Are Included in the Drywall And Gypsum Board Market Analysis?
The drywall and gypsum board market covered in this report is segmented –

1) By Product Type: Standard Gypsum Board, Moisture-Resistant Gypsum Board, Fire-Resistant Gypsum Board, Other Products
2) By Thickness: 1/4 Inch, 3/8 Inch, 1/2 Inch, 5/8 Inch, Other Thickness
3) By Distribution Channel: Online Stores, Offline Stores
4) By Application: Residential Sector, Commercial Sector, Industrial Sector, Institutional Sector

Subsegments:
1) By Standard Gypsum Board: Regular Drywall Panels, Lightweight Gypsum Board, Tapered Edge Board
2) By Moisture-Resistant Gypsum Board: Green Board, Blue Board, Mold-Resistant Board
3) By Fire-Resistant Gypsum Board: Type X Gypsum Board, Type C Gypsum Board, Fire-Shield Panels
4) By Other Products: Soundproof Gypsum Board, Foil-Backed Gypsum Board, Abuse-Resistant Gypsum Board

Which Emerging Trends Are Shaping the Future of the Drywall And Gypsum Board Market?
Major companies operating in the drywall and gypsum board market are focusing on developing advanced solutions, such as moisture resistant gypsum boards, to enhance the durability and lifespan of interior surfaces in environments prone to dampness. Moisture-resistant gypsum boards are designed to endure exposure to damp conditions by incorporating features that limit water absorption, making them suitable for areas with higher humidity levels. For instance, in May 2025, Knauf India, an India-based provider of construction materials, launched DewBloc Gypsum Plasterboard. This solution is designed to perform well in damp environments, making it suitable for use in interior areas such as wall linings, drywalls, and ceilings. It offers improved protection against moisture when compared to conventional options. Its lightweight nature supports quicker installation, helping to speed up construction timelines. Made from sustainable materials, it also supports eco-friendly building practices while enhancing the look and function of indoor spaces.

Who Are the Leading Market Participants in the Drywall And Gypsum Board Market?
Major companies operating in the drywall and gypsum board market are Saint-Gobain SA, China National Building Materials Group Co. Ltd. (CNBM), Knauf GmbH, KCC Corp., Fassa Bortolo, Chiyoda Ute Co. Ltd., American Gypsum Company LLC, ABS ALÇ, Fibran SA, El-Khayyat Group, Ai-Watania Gypsum Company, Aytas ALÇI, Kuwait Gypsum Manufacturing & Trading Co., Taishan Gypsum Co. Ltd., Cabot Gypsum, Georgia-Pacific Building Materials Ltd., Gypfor SA, Khorasan Gypsum, Mada Gypsum Co., Linyi Xinrui Baier Import & Export Co. Ltd., Akasya Alci Maden Uretim AS, Fernas Plaster, Karlis, Novochile.

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Which Regions Are Driving the Highest Demand in the Drywall And Gypsum Board Market?
North America was the largest region in the drywall and gypsum board market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the drywall and gypsum board market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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