The global drywall and gypsum board market size was US$ 55.1 billion in 2021. The global drywall and gypsum board market is forecast to reach US$ 105.1 billion by 2030, registering a compound annual growth rate (CAGR) of 12.1% during the forecast period from 2022 to 2030.

Factors Influencing the Market

• The increasing initiatives for infrastructural development in the commercial and residential sector are driving the growth of the global drywall and gypsum board market. In addition, growing efforts from the governments of various nations to boost urbanization will propel the growth of the drywall and gypsum board market. 
• The benefits of the drywall and gypsum board, such as time-efficiency and economical construction techniques are likely to boost the growth of the global drywall and gypsum board market. 
• The growing standards of living of the urban population will benefit the global drywall and gypsum board market.  In addition, rising demand for interior decoration of residential and commercial buildings will accelerate the growth of the global drywall and gypsum board market. 
• The high cost of investments may limit the growth of the drywall and gypsum board market. Furthermore, growing disposable income and increasing urban population will accelerate the growth of the global drywall and gypsum board market during the study period. 

COVID-19 Impact Analysis

The COVID-19 outbreak has hampered the drywall and gypsum board market. The government across various nations has imposed a complete lockdown in seriously impacted areas. As a result, it created several obstacles for maintaining the supply chain. Moreover, the construction segment suffered a significant loss because of the lack of labor and social distance. Thus, it negatively affected the global drywall and gypsum board market. 

In addition, various people registered job loss due to the pandemic. As a result, it affected living standards. Thus, the demand for drywall and gypsum board from the residential sector declined significantly due to the COVID-19 outbreak. 

Regional Analysis

The Asia-Pacific drywall and gypsum board market is forecast to hold dominance, followed by North America and Europe. It is due to the presence of a large population in these regions. In addition, growing urbanization in emerging countries like India and China is forecast to benefit the regional market. 

Competitors in the Market

• USG Zawawi Drywall LLC SFZ
• Knauf Middle East
• Gypsemna Co. LLC
• Global Mining Co. LLC
• Gulf Gypsum Co
• National Gypsum Co
• Etex Group
• Lafarge Group
• Saint - Gobain Gyproc India Ltd
• Taishan Gypsum Co.
• Yoshino Gypsum Co., Ltd
• Kingspan Group plc
• Winstone Wallboards Limited
• Supress Products, LLC
• Gyptec Iberica.
• Other Prominent Players

Market Segmentation

The global drywall and gypsum board market segmentation focuses on Product, Application, and Region.

Based on the product

• Wallboard
• Ceiling Board
• Pre-decorated Board

Based on the application

• Pre-Engineered Metal Buildings
• Residential
• Industrial
• Commercial
• Institutional

Based on region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America