Canada Gypsum Board Market Size & Outlook, 2024-2030
Global Market
Related Markets
Canada gypsum board market highlights
- The Canada gypsum board market generated a revenue of USD 7,848.9 million in 2023 and is expected to reach USD 20,635.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 14.8% from 2024 to 2030.
- In terms of segment, wallboard was the largest revenue generating product in 2023.
- Pre-decorated Board is the most lucrative product segment registering the fastest growth during the forecast period.
Gypsum board market data book summary
| Market revenue in 2023 | USD 7,848.9 million |
| Market revenue in 2030 | USD 20,635.4 million |
| Growth rate | 14.8% (CAGR from 2023 to 2030) |
| Largest segment | Wallboard |
| Fastest growing segment | Pre-decorated Board |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wallboard, Ceiling Board, Pre-decorated Board, Other Products |
| Key market players worldwide | Knauf, Gypsemna, Global Mining Company, National Gypsum Company, Compagnie de Saint-Gobain SA, Holcim Ltd, Zawawi Group, BNBM, Eternit, United Mining Industries, Yoshino Gypsum |
Other key industry trends
- In terms of revenue, Canada accounted for 14.0% of the global gypsum board market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. gypsum board market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 20,635.4 million by 2030.
According to the United Nations Department of Economic and Social Affairs (UNDESA), Canada’s population is expected to reach 37.6 million in 2020 and 40.3 million by 2030. The growth in population in Canada is expected to significantly boost the residential construction sector over the forecast period.
Unlike the U.S., Canada is expected to witness strong growth in demand for multi-family housing as compared to single-family housing. The government’s efforts and investments to provide affordable housing to the lower classes through the Canada Mortgage and Housing Corporation (CMHC) and Affordable Housing Initiative (AHI) program are anticipated to further boost residential construction in the country.
The government is planning an expenditure of USD 6 billion by 2020 for the development of social infrastructure, including renovation and new house building construction, which is expected to drive market growth.
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Publish Date: Nov 19, 2025
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Gypsum Board Market Scope
Gypsum Board Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Compagnie de Saint-Gobain SA | View profile | 168,508 | 12, Place de l'Iris, Tour Saint-Gobain, Courbevoie, France, 92400 | www.saint-gobain.com |
| Knauf | View profile | 51-100 | Utrecht, Utrecht, The Netherlands, Europe | knauf.be/nl |
| Gypsemna | View profile | 251-500 | Dubai, Dubai, United Arab Emirates, Asia | www.gypsemna.com |
| Global Mining Company | View profile | 11-50 | Aurora, Colorado, United States, North America | www.globalminingcorp.com |
| National Gypsum Company | View profile | 1001-5000 | Charlotte, North Carolina, United States, North America | www.nationalgypsum.com |
| Holcim Ltd | View profile | 63,448 | Grafenauweg 10, Zug, Switzerland, CH-6300 | www.holcim.com |
| Zawawi Group | View profile | 11-50 | Muscat, Masqat, Oman, Asia | www.zawawigroup.com/ |
| BNBM | View profile | 10001+ | Beijing, Beijing, China, Asia | www.bnbm.com.cn/ |
| Eternit | View profile | 501-1000 | São Paulo, Sao Paulo, Brazil, South America | www.eternit.com.br/ |
| United Mining Industries | View profile | 251-500 | Yanbu Al-bahar, Al Madinah, Saudi Arabia, Asia | ugc.com.sa |
Canada Gypsum Board Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Gypsum Board Market Outlook will help companies and investors design strategic landscapes.
Wallboard was the largest segment with a revenue share of 48.19% in 2023.
Horizon Databook has segmented the Canada gypsum board market based on wallboard, ceiling board, pre-decorated board, other products covering the revenue growth of each sub-segment from 2018 to 2030.
According to the United Nations Department of Economic and Social Affairs (UNDESA), Canada’s population is expected to reach 37.6 million in 2020 and 40.3 million by 2030. The growth in population in Canada is expected to significantly boost the residential construction sector over the forecast period.
Unlike the U.S., Canada is expected to witness strong growth in demand for multi-family housing as compared to single-family housing. The government’s efforts and investments to provide affordable housing to the lower classes through the Canada Mortgage and Housing Corporation (CMHC) and Affordable Housing Initiative (AHI) program are anticipated to further boost residential construction in the country.
The government is planning an expenditure of USD 6 billion by 2020 for the development of social infrastructure, including renovation and new house building construction, which is expected to drive market growth.
- Canada Gypsum Board Market Product Outlook (Revenue, USD Million , 2018-2030)
- Wallboard
- Ceiling Board
- Pre-decorated Board
- Other Products
- Canada Gypsum Board Market Application Outlook (Revenue, USD Million , 2018-2030)
- Pre-engineered Buildings
- Residential
- Industrial
- Commercial
- Institutional
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada Gypsum Board Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Gypsum Board Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Canada Gypsum Board Market, 2018-2030 (US$M)
Canada gypsum board market statistics, by product, 2018-2030 (Million Square Meters)
