North America Gypsum Board Market Size & Outlook, 2024-2030
The gypsum board market in North America is expected to reach a projected revenue of US$ 49,345.4 million by 2030. A compound annual growth rate of 11.2% is expected of North America gypsum board market from 2024 to 2030.
The North America gypsum board market generated a revenue of USD 23,459.7 million in 2023.
The market is expected to grow at a CAGR of 11.2% 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.
Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
Market revenue in 2023
USD 23,459.7 million
Market revenue in 2030
USD 49,345.4 million
Growth rate
11.2% (CAGR from 2023 to 2030)
Largest segment
Wallboard
Fastest growing segment
Pre-decorated Board
Historical data covered
2018 - 2022
Base year for estimation
2023
Forecast period covered
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, North America region accounted for 42.0% of the global gypsum board market in 2023.
Globally, North America is projected to lead the regional market in terms of revenue in 2030.
MEA is the fastest growing regional market and is projected to reach USD 10,039.5 million by 2030.
The U.S. dominates the North American gypsum board market, in terms of consumption, owing to the increased demand from the residential sector, extensively developed manufacturing industry, and government initiatives to develop social infrastructure. In addition, rising awareness regarding the benefits of weather protection for building structures is expected to benefit the market growth.
The demand outlook for North America is favorable, with private investments in the industrial sector reaching the highest level in 2019. The industrial sector in North America is likely to witness a significant expansion owing to the rising GDP of the region.
In addition, the manufacturing industry is expected to benefit from the new policy reforms. This is expected to boost the industrial construction in the region, thereby driving the demand for gypsum board 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 49.09% in 2023.
Horizon Databook has segmented the North America 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.
The U.S. dominates the North American gypsum board market, in terms of consumption, owing to the increased demand from the residential sector, extensively developed manufacturing industry, and government initiatives to develop social infrastructure. In addition, rising awareness regarding the benefits of weather protection for building structures is expected to benefit the market growth.
The demand outlook for North America is favorable, with private investments in the industrial sector reaching the highest level in 2019. The industrial sector in North America is likely to witness a significant expansion owing to the rising GDP of the region.
In addition, the manufacturing industry is expected to benefit from the new policy reforms. This is expected to boost the industrial construction in the region, thereby driving the demand for gypsum board over the forecast period.
North America Gypsum Board Market Product Outlook (Revenue, USD Million , 2018-2030)
Wallboard
Ceiling Board
Pre-decorated Board
Other Products
North America 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 continent-level data and insights on the North America Gypsum Board Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Gypsum Board Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
North America Gypsum Board Market, 2018-2030 (US$M)