Gypsum Panel Market Expected to Reach US$ 98.06 Billion by 2030, Growing at a CAGR of 11.3%
Gypsum Panel Market to Reach US$ 98.06 Billion by 2030, Driven by Strong Demand Across Commercial and Residential Sectors
Summary:
The global Gypsum Panel Market is forecast to reach a significant value of US$ 98.06 billion by 2030, expanding at a robust compound annual growth rate (CAGR) of 11.3% over the forecast period from 2024 to 2030. This growth is attributed to the increasing demand for gypsum products across commercial and residential construction, driven by their cost-effectiveness, sustainability, and ease of use in construction projects. The market report provides an in-depth analysis of key trends, segmentation, regional dynamics, and key players that are shaping the future of the gypsum panel industry.
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A) Market Size
The Gypsum Panel Market is expected to grow exponentially, reaching US$ 98.06 billion by 2030. The market is poised to witness an 11.3% CAGR between 2024 and 2030, driven by innovations in product development and the expanding demand for affordable and sustainable building materials. Increasing urbanization and rising construction activity, especially in emerging economies, further contribute to the growth potential of the gypsum panel market.
B) Scope and Research Methodology
The research methodology behind this report involved a comprehensive mix of both primary and secondary research. The primary research includes interviews with key industry stakeholders, while secondary research draws upon authoritative market reports, government publications, and databases. This approach allows for a holistic understanding of the current market trends, challenges, and opportunities in the gypsum panel industry.
C) Report Coverage
The report includes an analysis of market dynamics, such as drivers, restraints, and opportunities. It also delves into regional analysis, competitive landscape, and segmentation by product type and application. Furthermore, it covers the impact of global events, including the COVID-19 pandemic, on the gypsum panel market.
D) Overview
Gypsum panels, used primarily in the construction industry for wall and ceiling applications, are expected to see sustained demand across both residential and commercial sectors. Their inherent properties, such as fire resistance, sound insulation, and ease of installation, have made them a preferred choice for builders worldwide. Additionally, the increasing trend toward green and sustainable buildings has significantly boosted the adoption of gypsum panels.
E) Dynamics
Several factors drive the market’s growth, including the rising demand for sustainable and energy-efficient building materials, particularly in the face of increased environmental awareness. The economic recovery in the construction industry, supported by government infrastructure initiatives, is also expected to positively impact the gypsum panel market. However, supply chain challenges and fluctuating raw material costs could potentially impact the market’s growth trajectory.
F) Segmentation
- By Product Type:
- Pre-decorated Board
- Wallboard
- Ceiling Board
- By Application:
- Commercial
- Residential
- By Types:
- Regular Board
- Type X
- Others
G) Key Players Include
- YOSHINO GYPSUM CO., LTD
- AYHACO Gypsum Products Manufacturing
- LafargeHolcim
- Saint-Gobain
- Etex
- Beijing New Building Material (Group) Co., Ltd.
- NATIONAL GYPSUM PROPERTIES LLC
- Global Mining Company
- United Mining Industries
- Gulf Gypsum Industrial
- Knauf Gips KG
- ZAWAWI MINERALS LLC
- Gypsemna
- VOLMA
- VANS Gypsum
- Osman Group
- PABCO Gypsum
- CHIYODA UTE CO., LTD
- CONTINENTAL BUILDING PRODUCTS
- Georgia-Pacific Gypsum LLC
H) Key Offerings
The companies in the gypsum panel market are continuously innovating to offer enhanced products with improved fire resistance, better insulation properties, and greater ease of installation. These product innovations are aimed at meeting the diverse needs of both residential and commercial construction projects.
I) Table of Contents:
- Executive Summary
- Introduction
- Market Overview
- Market Dynamics
- Segmentation Analysis
- Regional Analysis
- Competitive Landscape
- Impact of COVID-19 on the Gypsum Panel Market
- Company Profiles
- Conclusion and Recommendations
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