Japan Gypsum Board Market Size & Outlook, 2024-2030
The gypsum board market in Japan is expected to reach a projected revenue of US$ 2,919.0 million by 2030. A compound annual growth rate of 12.7% is expected of Japan gypsum board market from 2024 to 2030.
The Japan gypsum board market generated a revenue of USD 1,263.5 million in 2023 and is expected to reach USD 2,919.0 million by 2030.
The Japan market is expected to grow at a CAGR of 12.7% 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 1,263.5 million
Market revenue in 2030
USD 2,919.0 million
Growth rate
12.7% (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, Japan accounted for 2.3% 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 Asia Pacific, China gypsum board market is projected to lead the regional market in terms of revenue in 2030.
India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,249.8 million by 2030.
Sluggish economic growth in Japan due to a slump in private sector demand net trade is expected to have a negative impact on new construction activities in the country, which is likely to hamper the growth of the gypsum board market. Furthermore, the country experienced spillover effects of the slowdown in the economy of China, which had a negative impact on the commodity trade between China and Japan.
Despite the weakness in domestic consumption and business investments, improvements in the rate of employment and rising per capita income are expected to result in a modest economic recovery in Japan over the forecast period.
This, in turn, is anticipated to stimulate the product demand in the country. The declining growth of the construction sector owing to the slowdown in residential construction activities in Japan is expected to negatively impact the demand for gypsum boards over the forecast period.
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 51.65% in 2023.
Horizon Databook has segmented the Japan 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.
Sluggish economic growth in Japan due to a slump in private sector demand net trade is expected to have a negative impact on new construction activities in the country, which is likely to hamper the growth of the gypsum board market. Furthermore, the country experienced spillover effects of the slowdown in the economy of China, which had a negative impact on the commodity trade between China and Japan.
Despite the weakness in domestic consumption and business investments, improvements in the rate of employment and rising per capita income are expected to result in a modest economic recovery in Japan over the forecast period.
This, in turn, is anticipated to stimulate the product demand in the country. The declining growth of the construction sector owing to the slowdown in residential construction activities in Japan is expected to negatively impact the demand for gypsum boards over the forecast period.
Japan Gypsum Board Market Product Outlook (Revenue, USD Million , 2018-2030)
Wallboard
Ceiling Board
Pre-decorated Board
Other Products
Japan 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 Japan Gypsum Board Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Japan Gypsum Board Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.