Gypsum Board Market Size, Share & Trends Report

Gypsum Board Market Size, Share & Trends Analysis Report By Product (Wallboard, Ceiling Board, Pre-Decorated), By Application (Pre-engineered Metal Building, Residential, Industrial), By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: 978-1-68038-722-3
  • Number of Pages: 130
  • Format: Electronic (PDF)

Research Methodology

A three-pronged approach was followed for deducing the gypsum board market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for gypsum board market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of gypsum board market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Gypsum Board Market Categorization:

The gypsum board market was categorized into three segments, namely product (Wallboard, Ceiling Board, Pre-decorated Board), application (Pre-engineered Metal Buildings, Residential, Industrial, Commercial, Institutional), and regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).

Segment Market Methodology:

The gypsum board market was segmented into product, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The gypsum board market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into thirteen countries, namely, the U.S.; Canada; Mexico; the UK; Germany; Russia; India; China; Japan; South Korea; Brazil; Saudi Arabia; and UAE

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Gypsum board market companies & financials:

The gypsum board market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • USG Zawawi Drywall LLC SFZ -USG Zawawi Drywall LLC SFZ has production facility at Salalah Free Zone with annual production capacity of 10 million sq. meters. The company produces sheetrock brand gypsum board for sale in domestic markets as well as for export to GGC, India, Africa and other Asian countries. The current line of products & services offered by the company include natural gypsum, chrome ore, USG sheetrock gypsum board & aerial LIDAR survey.

  • Knauf Middle East -Knauf Middle East is a manufacturer of plaster, gypsum board and drywall systems. It has operations in regions including North America, Europe, Central & South America, Asia Pacific and Middle East & Africa. The product portfolio offered by the company includes gypsum boards, metal profiles & accessories, jointing & finishing compounds, Knauf is also involved in providing flooring solutions, partitions, shaft walls, wall cladding systems, and ceiling solutions to its customers.

  • Gypsemna - Gypsemna is engaged in the manufacturing of gypsum boards with production unit located in Mussafah, Abu Dhabi. Gypsemna majorly operates in Asia Pacific and Middle East & African countries. The company’s product portfolio includes drywall products and systems (partition system, liner system, ceiling system, shaftwall system, cinema system and special system) that cater to various construction sectors that include residential, hotels, hospitals, cinemas, industrial warehouses and airports. It also provides value added service such as system engineering, quantity surveying, onsite training, onsite inspection and system certification.

  • Global Mining Company LLC (GMC) - Global Mining Company LLC (GMC) is engaged in specializes in rocks & minerals business. It operates three subsidiaries including Global Gypsum Company LLC, Global Gypsum Board Company LLC, and Global Marble Manufacturing Company LLC. The company owns a quarry at Thumrait state to produce natural gypsum. The company supplies mined natural gypsum to India, Africa and GGC countries with a stock capacity of 12 million tons per year. It also produces glue for tiles, swimming pools, and decorative stones cladding. GMC has a gypsum board manufacturing plant under an independent unit (Global Gypsum Board Co.) located in the Salah Free Zone.

  • Gulf Gypsum Co. (ASK Gypsum Factory Ltd.) - ASK Gypsum Factory Ltd is a Saudi Arabia based gypsum and gypsum board manufacturer with manufacturing facilities located in Yanbu. The company is full-line fabricator and supplier of gypsum and gypsum boards in Gulf region. The product portfolio offered by the company is inclusive of regular gypsum boards, waterproof gypsum boards, fire resistant gypsum board, and impact resistant gypsum board. Major applications catered by the company include residential, commercial and institutional constructions.

  • National Gypsum Company - National Gypsum Company is engaged in the manufacturing and supply of gypsum boards and other construction products. It caters its products to the construction applications across the globe. The company’s product portfolio includes gypsum board, finishing products, cement board, plaster systems and roofing systems along with other industrial products. National Gypsum Co. has over 17 gypsum board production facilities in the U.S. and operates a gypsum quarry in Halifax. The company has three cement board manufacturing locations in the U.S. and Canada. The company markets three primary product brands include Gold Bond, ProForm, and Perma Base.

  • Beijing New Building Material (BNBM) Public Ltd - Beijing New Building Material (BNBM) Public Ltd Co. is engaged in the production of gypsum and other construction products. It caters its products to the construction industry across the globe. The company is engaged in the production of new energy saving building materials for the development of a recycling economy. It has three major business divisions: The Wall and Ceiling System, The Residential Business System which mainly focuses on energy saving of buildings, new building and the external building envelope protection system. BNBM has more than 47 gypsum board production facilities.

  • Extex Group - Extex Group is involved in the manufacturing and selling of building materials globally. The company operates through five main divisions: Cladding and Building Boards, Ceramic Tiles, Roofing and Fire protection and Insulation. The company has a wide range of products, which includes clay tiles, eco roofs, fire protection boards, cladding boards, plasters, & compounds, texture finishing, concrete tiles and others. It has more than 100 subsidiaries and 107 production facilities across 42 countries across the globe.

  • United Mining Industries (UMI) Company Ltd. - United Mining Industries (UMI) Company Ltd. produces gypsum products in the GCC region. The company is headquartered in Saudi Arabia. It has production facility located in Yanbu covering an area of 114,000 sq. meters. The facility consists of the company head office, gypsum powder plant, gypsum board plant and a warehouse. It produces a wide range of products, which includes united board, ceiling tiles, gypsum powder, accessories and UNICEM.

  • Saint-Gobain Gyproc - Saint-Gobain Gyproc is a UAE based gypsum board manufacturer with its operations based in Abu Dhabi. In the Middle East, the company’s product portfolio includes gypsum plasterboards, Gypframe metal components, Gyproc accessories, and GypFine plaster. These products have been catered to construction applications in Dubai Metro, Palm Jumeirah, Capital Gate, Ferrari Experience and Masdar Institute. 

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Gypsum Board Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2022, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Gypsum Board Market Report Assumptions:

  • The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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