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North America Gypsum Boards Market

North America Gypsum Boards Market Size, Share and Growth Forecast by Product Type (Standard board, Type X board, and Type C board), Application (Wall-covers, Partitions, Fire resistant, Moisture resistant, Sound-proof, and Aesthetics), End User (Residential, Commercial, and Industrial)

North America Gypsum Boards Market Size and Share Analysis

North America gypsum boards market is projected to expand at a CAGR of 6.3% and thereby increase from a value of US$14.3 Bn in 2024 to US$21.9 Bn by the end of 2031.

Attributes

Key Insights

Market Size (2024E)

US$14.3 Bn 

Projected Market Value (2031F)

US$21.9 Bn 

Forecast Growth Rate (CAGR 2024 to 2031)

6.3%

Historical Growth Rate (CAGR 2019 to 2023)

7.0%

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Market Introduction and Key Trends

The construction industry is increasingly opting for lightweight and sustainable materials reflecting consumer preferences. Gypsum board, also known as drywall or wallboard, is a favoured option for home-building and remodeling, utilized in a diverse array of interior projects in both residential and commercial settings.

Gypsum wallboards create seamless surfaces, thanks to their non-combustible core and paper surfacing. They are further enhanced with a joint compound system to achieve a smooth finish. Offering versatility and durability, gypsum boards come with options like paper and fiberglass matting, providing fire resistance and an ideal surface for various finishing techniques.

Historical Growth and Course Ahead

The market grew at a CAGR of 7.0% during the historical period from 2018 to 2023 despite of facing various challenges. The COVID-19 outbreak had a detrimental impact on the market; however, it witnessed significant recovery in 2021, driven by increased consumption across residential and commercial sectors.

The gypsum boards market is anticipated to experience   steady CAGR of 6.3%resulting in an absolute dollar opportunity of around US$6.4 Bn. North America market, being mature, sees substantial demand from rework and remodeling activities. Moreover, stringent environmental regulations are compelling key players to reduce their carbon footprint and adopt more sustainable practices.

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Key Trends in the Market

The American Construction Sector

The construction budget allocation for the US in 2024 stands at almost US$2.08 Bn, with a quarter of this amount designated for government projects. This budget reflects a growth of around 10% compared to the figures recorded in 2023. Notably, the residential sector commands a significant portion, accounting for around 40% of the total construction budget.

The surge in residential construction activity has led to an increased demand for gypsum board. Data from the Joint Centre for Housing Studies at Harvard University indicates that Americans expended an estimated US$472 Bn on housing in 2022.

The DIY Trend in North America

The COVID-19 pandemic has changed the dynamics across many industries and the North America gypsum boards market is no exception to this trend. According to National Association of Realtors, the reported demand for skilled professionals for home improvements projects has declined after COVID-19 pandemic as many of the consumers go with DIY option buying the gypsum boards through online channels.

A Few more Trends in the Market

  • Recycling gypsum panels by removing paper to ensure its fire resistance.
  • Application of glass fibre in gypsum to improve the durability.
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Market Growth Drivers

Increasing Demand for Gypsum Boards from Sustainable Construction Practices

Environmental sustainability is becoming more important in construction. Gypsum boards help with this shift as they can be made using eco-friendly materials and methods. They provide good insulation, helping buildings be more energy-efficient, which aligns with new regulations and consumer demands for greener homes.

Gypsum boards are also highly recyclable, reducing construction waste. They contribute to achieving green building certifications like LEED, making them attractive to developers and contractors focused on sustainability.

In view of this, leading gypsum board suppliers are providing flexibility to their customers to choose designs according to their preferences and needs. For instance,

  • Saint Gobain, and Knauf Group offers visualization tools to enhance customer experience and ease their selection process.

Long Life, Low-Price and Ease of Installations Make Gypsum Boards a Preferred Choice

Gypsum board offers versatile architectural design possibilities due to its ease of installation and suitability for various applications. Gypsum board is renowned for efficiently covering large areas with minimal wastage, particularly in drywall and ceiling installations. Its durability ensure that structures built with gypsum boards require minimal upkeep over time, thereby reducing maintenance costs significantly.

Besides, the material's low price makes it an economically feasible option for construction projects, aligning with budgetary constraints while still delivering quality results. The ease of installation associated with gypsum boards also ease the construction process, resulting in faster completion times and reduced labour expenses.

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Future Opportunities for Gypsum Board Manufacturers in North America

Growing Use of Gypsum Board in Aesthetics Applications

Gypsum boards serve as an ideal canvas for interior design, providing a smooth surface for paint or wallpaper application. Their versatility extends beyond mere surface finishing, as gypsum boards can be moulded into various shapes, enabling the creation of unique architectural features like arches, niches, and columns.

People prefer well-structured and attractive buildings. Areas like foyers, waiting rooms, restaurants, shops, cafes, and offices need to look appealing. Gypsum boards are perfect for this because they can be moulded to fit different designs and sculptures. They can even be curved to create aesthetic walls and ceilings, making spaces more attractive and unique. This flexibility allows architects and builders to create stylish and functional environments.

Factors Impeding the Market Growth

Availability of Alternate Materials Particular Applications

The disposal of gypsum products in landfills has sparked environmental concerns due to the release of hazardous hydrogen sulfide (H2S) into the soil and atmosphere. Consequently, the industry has sought alternatives to mitigate these issues.

One solution is the development of boards made from agricultural by-products, offering reduced environmental impact and energy consumption compared to conventional gypsum boards. Despite their eco-friendly attributes, widespread adoption faces hurdle due to limited availability of suitable agricultural by-products and production technology.

The landscape is shifting with the rise of regulations favouring eco-friendly products. As these regulations become more stringent, the traditional gypsum market may encounter challenges in maintaining its dominance.

Nonetheless, the emergence of sustainable alternatives underscores a broader trend toward environment-conscious practices in the construction materials sector.

Category-wise Analysis

Product Category

Projected CAGR through 2031

Type X gypsum board

8.1%

Type C gypsum board

10.4%

Type C Gypsum Remains Significant with its Durability

The increasing demand for type C gypsum stems from its enhanced durability, particularly its ability to provide prolonged fire resistance. This type of gypsum is predominantly used in horizontal applications like roof-ceiling, floor-ceiling, and horizontal shaft wall assemblies. It is crafted using 100% recyclable paper, allowing for various finishing options such as painting, texturing, or wallpapering using standard gypsum board techniques.

Despite not being approved by American Society for Testing and Materials, consumers are still drawn to Type C gypsum due to its improved safety features compared to other gypsum types.

It is often regarded as an advanced version of Type X gypsum, further boosting its appeal in the market. This growing demand underscores the significance of Type C gypsum in meeting the evolving needs of construction projects where durability and safety are paramount concerns.

Type X Gypsum Witnesses Rising Preference

Glass fibers are added to the board to help it slow down the fire in recent years. Moreover, because it is denser than normal gypsum and paper drywall, it takes longer for the fire to degrade it. Most type X drywall has a one-hour fire rating.

The fire rating for the 1/2-inch drywall used throughout the rest of the home is 30 minutes. As an added benefit, Type X drywall absorbs sound slightly better and is slightly strong than conventional drywall.

The National Research Council of Canada has completed a multi-year study of the fire resistance and acoustical performance of a range of traditional and innovative wall and floor assemblies.

One of the key components that influences the duration that these assemblies are able to resist the impact of fire, is the gypsum board material used to line walls and the floor assembly ceiling.

Application-wise Analysis

Application Type

Projected CAGR through 2031

Sound-proof

6.9%

Improved Workable Properties Make Soundproof Gypsum Board a Sought-After Choice

The soundproof gypsum board has been created by using natural gypsum and advanced technologies. Compared to any other types of gypsum board, the insulated board differentiates itself thanks to its high sound insulation property. The sound insulation panel is well-known to reduce sound transmission and deal with intrusive noise.

The soundproof gypsum on an average give around insulation up to 55 dB.  This noiseless panel has been coated with a double-sided special paper, which makes it flexible thanks to its improved workable properties. These panels can be applied as a dry surface layer on walls, coating layer on ceilings, a suspended ceiling, and partition wall.

End User - Analysis

Application Type

Projected CAGR through 2031

Residential

6.6%

Demand Sees an Uprise in Residential Purposes

Moisture-resistant boards are primarily deployed in environments prone to humidity fluctuations, such as bathrooms, kitchens, and basements in residential sector. These boards feature a core sandwiched between two layers of fiberglass mats, offering inherent protection against moisture infiltration.

Manufacturers further fortify the gypsum core by incorporating additives like wax emulsions, silicone compounds, or other hydrophobic substances. These additives serve to repel water and prevent the gypsum core from absorbing moisture, thus preserving the structural integrity of the board in moisture-prone areas.

The utilization of moisture-resistant boards is crucial in maintaining the longevity and performance of structures exposed to humid conditions. By effectively repelling water and preventing moisture absorption, these boards ensure durability and reliability, particularly in areas susceptible to moisture-related damage.

Strategic incorporation of additives underscores manufacturers' commitment to engineering solutions tailored to the specific demands of moisture-prone environments, ultimately enhancing the resilience of construction materials in challenging conditions.

Competitive Landscape Analysis

North America gypsum boards market is fairly consolidated with key players accounting for more than 50% of the market share. These players compete against each other as well as with the local players to maintain their leading position in the market.

The prominent market participants are adopting various strategies to consolidate their market positioning. Some of the companies are investing in advanced technologies like recycling of old gypsum boards to reduce the carbon footprint in the industry. For instance,

  • Saint Gobain has initiated various projects, such as the recycle gypsum project in Norway, aimed at reducing its carbon footprint to zero by 2050.

Top Industry Players Profiled

  • Saint Gobain (CertainTeed)
  • Knauf Group (USG Corporation)
  • America Gypsum Company LLC
  • Gold Bond Building Products, LLC.
  • Etex Group
  • Georgia Pacific LLC
  • Eagle Material Inc.
  • POBCO Gypsum
  • Pioneer Material West
  • Armstrong World Industries

Key Industry Developments

February 2024

Saint-Gobain Made the Acquisition of International Cellulose Corporation (ICC)

The acquisition of ICC’s assets will allow Saint-Gobain to reinforce its leadership position in light and sustainable construction by offering fireproofing and insulation solutions. It will further enhance energy conservation and efficiency in commercial spaces.

February 2024

Knauf Group is Expected to Open New Manufacturing Site in McGregor

The site will showcase the latest and most advanced manufacturing machinery from around the world, with a primary emphasis on environmental sustainability. The company anticipates reaping benefits totalling US$2 Bn within the initial decade of operation from this facility.

North America Gypsum Boards Market Report Scope

Attributes

Details

Forecast Period

2024 to 2031

Historical Data Available for

2019 to 2023

Market Analysis

US$ Billion for Value

Key Countries Covered

  • The United States
  • Canada 
  • Rest of North America

Key Market Segments Covered

  • Product
  • Application
  • End User

Key Companies Profiled

  • Saint Gobain (CertainTeed)
  • Knauf Group (USG Corporation)
  • America Gypsum Company LLC
  • Gold Bond Building Products, LLC.
  • Etex Group
  • Georgia Pacific LLC
  • Eagle Material Inc.
  • POBCO Gypsum
  • Pioneer Material West
  • Armstrong World Industries

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Trade Statistics and Price Trend Analysis
  • Strategic Growth Initiatives  

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North America Gypsum Boards Market Segmentation

By Product Type

  • Standard board
  • Type X board
  • Type C board

By Application:

  • Wall-covers
  • Partitions
  • Fire resistant
  • Moisture resistant
  • Sound-proof
  • Aesthetics

By End User

  • Residential
  • Commercial
  • Industrial

By Country

  • US
  • Canada
  • The Rest of North America

- Companies Covered in This Report -

- Frequently Asked Questions -

The market is anticipated to record a CAGR of 6.3% during the projected period.

The market is valued at US$14.3 Bn in 2024.

The United States has recorded the largest market share in 2024.

Some of the prominent players in the market are Saint Gobain (CertainTeed), Knauf Group (USG Corporation), and America Gypsum Company LLC.

Aesthetics segment is expected to grow at notable rate during the forecast period.

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