The global plasterboard market is projected to grow from approximately USD 27.8 billion in 2025 to about USD 38.2 billion by 2035, registering a compound annual growth rate (CAGR) of 3.2% over the forecast period. Demand is driven by increasing construction activity, adoption of efficient building materials, and growing need for high-performance wall and ceiling systems.
Gypsum-based plasterboards remain essential in modern construction, providing benefits such as fire resistance, sound insulation, moisture resistance, and ease of installation. As builders and contractors shift toward faster, dry construction methods, plasterboard panels are becoming more widely used in both residential and commercial projects.
Key Market Insights at a Glance
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Market Value (2025): USD 27.8 billion
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Forecast Value (2035): USD 38.2 billion
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CAGR (2025-2035): 3.2%
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Dominant type: Standard plasterboard (~60% share)
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Leading end-use sector: Residential construction (~45% share)
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Key growth regions: Asia Pacific, North America, Europe
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Five Forces Driving Market Growth
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Construction & urbanisation: Rising residential housing and commercial construction drive demand for wall and ceiling materials.
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Dry construction techniques: Adoption of drywall systems and prefab interior partitions speeds up construction and reduces wet trades.
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Regulation & performance codes: Fire safety, acoustic, thermal, and moisture resistance standards push innovation in board formulations.
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Sustainability & green building: Demand for boards with recycled gypsum, low VOC emissions and lightweight design supports adoption.
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Competitive manufacturing: Raw gypsum availability, synthetic gypsum from industrial by-products, and cost optimisation influence industry margins.
Regional Outlook
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Asia Pacific: Fast growth supported by large residential and infrastructure development, rising construction demand, and strong manufacturing capacity for plasterboards.
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North America: Well-established construction market, renovation demand, and requirement for high-performance drywall systems support demand.
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Europe: Demand driven by retrofits, energy efficiency mandates, and high standards for fire and acoustic performance in building interiors.
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Latin America: Emerging demand as construction grows in residential and non-residential sectors and drywall systems become more common.
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Middle East & Africa: Growth from infrastructure and real estate projects, with demand for rapid interior works and modern building interiors.
Recent Developments
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Major manufacturers have announced expansions in production capacity of plasterboard panels to meet rising construction and infrastructure demand, especially in emerging markets.
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New product launches include moisture-resistant and fire-resistant board variants tailored for humid or high-risk interiors, aligning with stricter building codes.
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Some companies have introduced lightweight, low-emission plasterboard panels with recycled gypsum content, aimed at green building certification and reduced embodied energy.
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Strategic partnerships have been formed with gypsum suppliers to secure stable raw material supply and integrate closed-loop recycling of plasterboard waste.
Competitive Landscape
Key players in the plasterboard market include Saint-Gobain, Knauf, USG, Georgia-Pacific, Etex, National Gypsum, Boral, Yoshino Gypsum, Armstrong, Siniat, and other major construction materials manufacturers.
These companies are focusing on product innovation (advanced board properties), capacity expansions, regional manufacturing, and sustainability credentials to strengthen their competitive position.
Market Outlook & Strategic Insights
Over the forecast period, the plasterboard market is expected to grow steadily as construction and renovation projects continue worldwide.
Manufacturers that invest in high-performance board variants, faster production, lightweight and eco-friendly materials will capture key opportunities.
Emerging regions like Asia Pacific and Latin America are particularly promising due to urbanisation, new housing supply, and adoption of drywall solutions in interior construction.
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