U.S. Gypsum Board Market Size & Outlook, 2024-2030
The gypsum board market in the United States is expected to reach a projected revenue of US$ 28,710.0 million by 2030. A compound annual growth rate of 9.1% is expected of the United States gypsum board market from 2024 to 2030.
The U.S. gypsum board market generated a revenue of USD 15,610.8 million in 2023 and is expected to reach USD 28,710.0 million by 2030.
The U.S. market is expected to grow at a CAGR of 9.1% 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 15,610.8 million
Market revenue in 2030
USD 28,710.0 million
Growth rate
9.1% (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, U.S. accounted for 27.9% 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.
The U.S. gypsum board is expected to witness sustainable growth over the forecast period owing to the growth in the construction sector in the country. Increased demand for energy-efficient construction solutions is one of the primary factors driving the market growth.
In addition, increased incidents of natural calamities, including hurricanes and wildfires, hitting different parts of the U.S. is anticipated to have a positive effect on the construction sector in the country, thereby driving the demand for gypsum board over the forecast period.
However, the current coronavirus outbreak in the country has locked down the manufacturing and construction activities, thus, hampering the demand for gypsum boards. Increasing awareness regarding sustainable construction is expected to boost 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 49.54% in 2023.
Horizon Databook has segmented the U.S. 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. gypsum board is expected to witness sustainable growth over the forecast period owing to the growth in the construction sector in the country. Increased demand for energy-efficient construction solutions is one of the primary factors driving the market growth.
In addition, increased incidents of natural calamities, including hurricanes and wildfires, hitting different parts of the U.S. is anticipated to have a positive effect on the construction sector in the country, thereby driving the demand for gypsum board over the forecast period.
However, the current coronavirus outbreak in the country has locked down the manufacturing and construction activities, thus, hampering the demand for gypsum boards. Increasing awareness regarding sustainable construction is expected to boost the demand for gypsum boards over the forecast period.
U.S. Gypsum Board Market Product Outlook (Revenue, USD Million , 2018-2030)
Wallboard
Ceiling Board
Pre-decorated Board
Other Products
U.S. 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 U.S. Gypsum Board Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into U.S. Gypsum Board Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.