Drywall Market Size, Share, Trends, Growth and Report 2024-2032

Drywall Market Outlook

The global drywall market has been steadily expanding, buoyed by the burgeoning construction industry, increasing urbanization, and a growing focus on sustainable building materials. According to a report by Expert Market Research (EMR), the drywall market size was valued at USD 42.17 billion in 2023, and it is projected to grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2032, reaching a projected value of USD 72.47 billion by 2032.

Drywall, also known as plasterboard or wallboard, is a construction material used for interior wall and ceiling applications. It consists of gypsum plaster sandwiched between two layers of paper or fiberglass, providing a smooth and durable surface for painting or wallpapering. Drywall is widely used in residential, commercial, and industrial construction projects due to its cost-effectiveness, ease of installation, and fire-resistant properties.

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Market Drivers

Several factors are driving the growth of the global drywall market. Firstly, the rapid expansion of the construction industry, particularly in emerging economies, is fueling demand for drywall products. Urbanization, population growth, and government initiatives to promote infrastructure development are driving investments in residential, commercial, and industrial construction projects, thereby boosting the demand for drywall materials.

Secondly, the increasing adoption of drywall as a sustainable building material is driving market growth. Drywall is considered environmentally friendly compared to traditional construction materials such as wood and concrete. It is recyclable, energy-efficient, and contributes to improved indoor air quality, making it an attractive choice for green building projects and environmentally conscious consumers.

Furthermore, advancements in drywall technology, including the development of lightweight and fire-resistant variants, are expanding the application scope of drywall products. Manufacturers are introducing innovative solutions such as moisture-resistant drywall, soundproof drywall, and mold-resistant drywall to address specific construction requirements and enhance the performance of building structures.

Market Trends

Beyond conventional applications, the Global Drywall Market is witnessing a shift towards innovative product offerings and advanced manufacturing technologies. Manufacturers are investing in research and development to introduce high-performance drywall solutions tailored to the evolving needs of architects, builders, and end-users. From moisture-resistant and mold-resistant formulations to soundproofing and fire-rated variants, specialty drywall products are gaining traction, addressing niche requirements across diverse industries and applications.

Furthermore, digitalization and automation are reshaping the production landscape, streamlining manufacturing processes, and enhancing product quality and consistency. Advanced manufacturing techniques, such as automated cutting, precision molding, and robotic assembly, are optimizing efficiency, reducing waste, and accelerating time-to-market for drywall products. Moreover, digital design tools, Building Information Modeling (BIM), and virtual reality simulations are empowering architects and designers to visualize and conceptualize drywall installations with unprecedented accuracy and precision.

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Drywall Market Segmentation

Drywall, also known as wallboard, is defined as an internal partition or interior wall in a structure which is made up of prefabricated sheets. This material is usually made up of plywood, wood pulp, and gypsum, among others. Some of the notable properties of this product include fire-resistance and reduced infiltration of noise.

On the basis of type, the market can be segmented into:

• Standard
• Fire-Resistant
• Mould/Moisture Resistant

Based on application, the market has been segmented into:

• Residential
• Commercial

The regional markets for global drywall include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Key Market Players

The major players in the market are USG Corporation, Georgia-Pacific LLC, CertainTeed, American Gypsum Company, and China National Building Materials Co., Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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