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 Report Pages: 130
  • Format: PDF, Horizon Databook
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GVR Report cover 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 Report Pages: 130
  • Format: PDF, Horizon Databook

Gypsum Board Market Size & Trends

The global gypsum board market size was estimated at USD 55.91 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 12.7% from 2024 to 2030. The market is anticipated to be driven by increasing residential and commercial construction spending in developing regions of Asia Pacific, such as China, India, and Indonesia, coupled with strong economic growth in the aforementioned regions.

U.S. Gypsum Board Market size and growth rate, 2024 - 2030

The U.S. market is expected to witness sustainable growth over the forecast period owing to the growth in 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. are anticipated to have a positive effect on construction sector in the country, thereby driving the demand for gypsum board over the forecast period.

Developed regions such as North America and Europe are expected to witness significant growth due to the recovery of the housing sector post-recession. The U.S. is expected to remain a key market in gypsum board over the forecast period owing to increasing wallboard usage in non-load-wearing walls and suspended ceilings.

Gypsum board is being widely used in the construction industry owing to properties such as fire resistance, sound attenuation, and durability. Developed through modern technology to meet specific requirements, it is mainly used as the surface layer of interior walls and ceilings; as a base for ceramic, plastic, and metal tile; for exterior soffits; for elevator and other shaft enclosures; as area-separation walls between building units; and to provide fire protection for structural elements. Most gypsum boards are available with aluminum foil backing that provides an effective vapor retarder for exterior walls when the foil surface is applied against the framing.

Players in the gypsum board industry are involved in the distribution of products through direct and third-party distribution channels. Key companies in the market operate their businesses through direct sales that are carried out by the manufacturers themselves. In addition, companies are also involved in the third party distribution which is carried out majorly to reduce the operational and logistics cost.

Market Concentration & Characteristics

Market growth stage is medium, and pace of the market growth is accelerating. Technological advances and the development of novel, innovative production processes by major industry players have driven gypsum board growth in recent years. Plasterboard Sustainability Partnership (PSP) has formulated a Gypsum Sustainability Action Plan in order to promote improvement of environmental performance of various gypsum board products across their lifecycle.

Gypsum Board Market Concentration & Characteristics

The market is also characterized by a high level of merger and acquisition (M&A) activity by the leading players. This initiative is taken by manufacturers in order to expand their product portfolio as well as to cater to the demand from different regions across the globe.

The market is governed by various regulations and standards related to its production, application, and trade. Furthermore, product has several substitutes available in the market commercially. Some of the prominent substitutes of the product include basement wall finishing, wool wall panels, veneer plaster, and plywood.

Product Insights

Wallboard emerged as the leading gypsum board product segment by accounting for a 50.3% market share in 2023. Wallboard is widely used in construction industry for various interior applications such as walls or partitions. Increasing demand for sustainable construction in North America and Europe is expected to drive product demand over the forecast period. Wallboard also emerged as a speedier alternative to traditional lath and plaster.

Global Gypsum Board Market share and size, 2023

Industrialized nations such as the U.S. are primarily using gypsum for manufacturing wallboard products. However, developing countries, including the Middle East and Asia Pacific, are using most of the gypsum for the production of plaster products or cement. Rapidly growing construction industry, specifically in Asia Pacific and Middle East, owing to urbanization, rising disposable income, and increased housing demand from the burgeoning population, is anticipated to boost wallboard demand in various construction projects.

Pre-decorated boards are expected to grow at the highest CAGR over the forecast period. Pre-decorated boards are gaining wide acceptance in various construction projects owing to their low maintenance and easy installation properties, which makes them cost and time effective. These gypsum boards are widely utilized in commercial applications since they provide flexibility to changing workspace configuration whilst offering maximum stability and color retention to surfaces.

Pre-decorated boards require special care during storage and handling inside the warehouse or other suitable structures wherein they are not exposed to weather or to temperatures exceeding. Growing focus on environmentally sustainable green building construction materials, which reduces overall overhead expenses, is the key factor driving pre-decorated board industry growth.  

Application Insights

The residential segment dominated the market in 2023. Increasing urban population coupled with increasing per capita disposable income is anticipated to remain the key driving factor for end-use segment growth over the forecast period. China, India, Brazil and Saudi Arabia are anticipated to witness significant residential construction spending over the forecast period.

The most common gypsum board product utilized in residential applications is wallboard, in which the joints between the panels and internal corners are reinforced with tape and covered with joint compound to create a surface suitable for final decoration. Population expansion coupled with rapid urban migration is anticipated to fuel residential construction spending in countries such as China, India and Brazil over the forecast period. The U.S. residential housing industry also witnessed rapid growth rate in recent years owing to easy access to home mortgage loans, continued employment growth, rising demand for apartments and burgeoning population.

Pre-engineered metal buildings are expected to grow at a CAGR of 12.9% over the forecast period. PEB’s are growing at an impressive growth rate of over 25% in India owing to their wide application scope and exceptional inherent characteristics such as easy installation, low cost maintenance and easy transportation to other manufacturing sites. Gypsum board is widely used in PEBs in roofing and external wall applications. It is most commonly used in industrial structures, since it facilitates easy fitting in windows and doors whilst providing security. Some other properties of PEBs making it a preferred building material in comparison with other conventional alternatives such as steel, are lightweight, design flexibility, economical and easy fabrication.

Pre-engineered metal buildings are essentially rectangular boxes enclosed in a skin of corrugated metal sheeting, which are factory-built and are shipped to the site and bolted together. The concept of these building materials has largely been benefitted by the technological advancement in recent years, which helped in computerizing their design and producing tailor made solutions. These high performance materials are very popular in the U.S. market, wherein 60% non-residential buildings are pre-engineered buildings (PEBs). However, it is a relatively new concept in emerging economies such as India.

Regional Insights

Asia Pacific accounted for the largest market share of 46.6% in terms of volume in 2023. Market in the region is characterized by high demand for gypsum boards in residential and corporate construction applications. China is expected to witness an increased demand for gypsum board over the forecast period owing to growing urbanization in China, which is one of the primary factors boosting the growth of construction sector and, consequently, the demand for gypsum board.

Gypsum Board Market Trends, by Region, 2024 - 2030

Middle East & Africa is expected to grow at the highest CAGR in terms of revenue over the forecast period owing to rapid demand in countries such as Oman, Saudi Arabia, Jordan, and Qatar. Major economies are focusing on expanding their production capabilities in order to cater to growing construction markets in the Middle East and Africa region. This trend is positively influencing gypsum board demand across the region.

Key Gypsum Board Company Insights

Some of the key players operating in the market include Beijing New Building Material (BNBM) Public Ltd Co., Saint-Gobain Gyproc, and Lafarge Group.

  • Saint-Gobain Gyproc is a UAE-based gypsum board manufacturer with its operational base in Abu Dhabi. As a subsidiary of Saint-Gobain, the company was established as Gyproc Middle East in 2005. In 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.

  • Beijing New Building Material (BNBM) Public Ltd Co. was established in 1979 and is headquartered in China. The company is engaged in the production of gypsum and other construction product. It caters its products to the construction industry across the globe. Annual production capacity of the company is more than 1470 million square meters.

National Gypsum Company and Global Mining Company LLC (GMC) are some of the emerging market participants in the gypsum board market.

  • National Gypsum Company is engaged in manufacturing and supply of gypsum boards and other construction products. It caters its products to construction applications across the globe. Company's product portfolio includes gypsum boards, finishing products, cement boards, plaster systems, and roofing systems, along with other industrial products.

  • Global Mining Company LLC (GMC) is engaged and specializes in the 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.

Key Gypsum Board Companies:

The following are the leading companies in the gypsum board market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these gypsum board companies are analyzed to map the supply network.

  • USG Zawawi Drywall LLC SFZ
  • Knauf
  • Gypsemna
  • Global Mining Company LLC (GMC)
  • Gulf Gypsum Co. (ASK Gypsum Factory Ltd.)
  • National Gypsum Company
  • Beijing New Building Material (BNBM) Public Ltd Co.
  • Extex Group
  • United Mining Industries (UMI) Company Ltd.
  • Saint-Gobain Gyproc
  • Lafarge Group
  • Ahmed Yousef & Hassan Abdulla Co. (AYHACO)
  • Yoshino Gypsum Co. Ltd.

Recent Developments

  • In December 2023, Saint-Gobain Gyproc launched its new product line which is inclusive of gypsum wallboards. The company made an addition to existing segments with Habito Standard, a gypsum wallboard suitable for planned and unplanned heavy loading applications, a Glasroc X for exterior applications, and Rigiroc, a moisture resistance board for multipurpose applications.

  • In May 2023, Chiyoda-Ute announced its plans to launch a new gypsum board, which will utilize 100% recycled gypsum gathered from construction sites to produce the product. Furthermore, the manufacturing of Chiyoda Circular Gypsum will be carbon neutral.

Gypsum Board Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 62.04 billion

Revenue forecast in 2030

USD 127.06 billion

Growth rate

CAGR of 12.7% from 2024 to 2030

Base year for estimation

2023

Historical data

2018 - 2022

Forecast period

2024 - 2030

Report  updated

January 2024

Quantitative units

Volume in million square meters; revenue in USD million/billion, and CAGR from 2024 to 2030

Report coverage

Volume forecast, revenue forecast, company ranking, competitive landscape, growth factors, trends

Segments covered

Product, application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; MEA

Country scope

U.S.; Canada; Mexico; UK; Germany; Russia; India; China; Japan; South Korea; Brazil; Saudi Arabia; UAE

Key companies profiled

USG Zawawi Drywall LLC SFZ; Knauf; Gypsemna; Global Mining Company LLC (GMC); Gulf Gypsum Co. (ASK Gypsum Factory Ltd.); National Gypsum Company; Beijing New Building Material (BNBM) Public Ltd Co.; Extex Group; United Mining Industries (UMI) Company Ltd.; Saint-Gobain Gyproc; Lafarge Group; Ahmed Yousef & Hassan Abdulla Co. (AYHACO); Yoshino Gypsum Co. Ltd.

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Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

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Global Gypsum Board Market Report Segmentation

This report forecasts volume and revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global gypsum board market report based on product, application, and region:

Global Gypsum Board Market Report Segmentation

  • Product Outlook (Volume, Million Square Meters; Revenue, USD Billion, 2018 - 2030)

    • Wallboard

    • Ceiling Board

    • Pre-decorated Board

    • Others

  • Application Outlook (Volume, Million Square Meters; Revenue, USD Billion, 2018 - 2030)

    • Pre-engineered Metal Buildings

    • Residential

    • Industrial

    • Commercial

    • Institutional

  • Regional Outlook (Volume, Million Square Meters; Revenue, USD Billion, 2018 - 2030)

    • North America

      • U.S.

      • Canada

      • Mexico
    • Europe

      • U.K.

      • Germany

      • Russia

    • Asia Pacific

      • China

      • India

      • Japan

      • South Korea

    • Latin America

      • Brazil

    • Middle East & Africa

      • Saudi Arabia

      • UAE

Frequently Asked Questions About This Report

Table of Contents

Chapter 1. Gypsum Board Market: Methodology and Scope
                    1.1. Research Methodology
                    1.2. Research Scope & Assumption
                    1.3. Information Procurement
                        1.3.1. Purchased Database
                        1.3.2. GVR’s Internal Database
                        1.3.3. Secondary Sources & Third-Party Perspectives
                        1.3.4. Primary Research
                    1.4. Information Analysis
                        1.4.1. Data Analysis Models
                    1.5. Market Formulation & Data Visualization
                    1.6. List of Data Sources
Chapter 2. Gypsum Board Market: Executive Summary
                    2.1. Market Outlook, 2023 (USD Billion)
                    2.2. Segmental Outlook
                    2.3. Competitive Insights
Chapter 3. Gypsum Board Market: Market Variables, Trends & Scope
                    3.1. Market Lineage Outlook
                    3.2. Industry Value Chain Analysis
                        3.2.1. Sales Channel Analysis
                    3.3. Regulatory Framework
                    3.4. Technological Overview
                    3.5. Market Dynamics
                        3.5.1. Market Driver Analysis
                        3.5.2. Market Restraint Analysis
                        3.5.3. Market Opportunity Analysis
                    3.6. Business Environmental Tools Analysis
                        3.6.1. Porter’s Five Forces Analysis
                            3.6.1.1. Bargaining Power of Suppliers
                            3.6.1.2. Bargaining Power of Buyers
                            3.6.1.3. Threat of Substitution
                            3.6.1.4. Threat of New Entrants
                            3.6.1.5. Competitive Rivalry
                        3.6.2. PESTLE Analysis, by SWOT
                            3.6.2.1. Political Landscape
                            3.6.2.2. Economic Landscape
                            3.6.2.3. Social Landscape
                            3.6.2.4. Technology Landscape
                            3.6.2.5. Environmental Landscape
                            3.6.2.6. Legal Landscape
                    3.7. Market Disruption Analysis
Chapter 4. Gypsum Board Market: Product Estimates & Trend Analysis
                    4.1. Key Takeaways
                    4.2. Product movement analysis & market share, 2023 & 2030
                    4.3. Gypsum Board market by product, 2018 - 2030 (Million Square Meters) (USD Billion)
                    4.4. Wallboard
                        4.4.1. Gypsum wallboard market estimates and forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
                    4.5. Ceiling Board
                        4.5.1. Gypsum ceiling board market estimates and forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
                    4.6. Pre-decorated Board
                        4.6.1. Gypsum pre-decorated Board market estimates and forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
                    4.7. Others
                        4.7.1. Other gypsum board market estimates and forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
Chapter 5. Gypsum Board Market: Application Estimates & Trend Analysis
                    5.1. Key Takeaways
                    5.2. Application movement analysis & market share, 2023 & 2030
                    5.3. Gypsum Board market by application, 2018 - 2030 (Million Square Meters) (USD Billion) (USD Billion)
                    5.4. Pre-engineered metal buildings
                        5.4.1. Gypsum Board market estimates and forecasts, in pre-engineered metal buildings, 2018 - 2030 (Million Square Meters) (USD Billion)
                    5.5. Residential
                        5.5.1. Gypsum Board market estimates and forecasts, in residential application, 2018 - 2030 (Million square meters) (USD Million)
                    5.6. Industrial
                        5.6.1. Gypsum Board market estimates and forecasts, in industrial application, 2018 - 2030 (Million square meters) (USD Million)
                    5.7. Commercial
                        5.7.1. Gypsum Board market estimates and forecasts, in commercial application, 2018 - 2030 (Million square meters) (USD Million)
                    5.8. Institutional
                        5.8.1. Gypsum Board market estimates and forecasts, in institutional application, 2018 - 2030 (Million square meters) (USD Million)
Chapter 6. Gypsum Board Market: Regional Estimates & Trend Analysis
                    6.1. Key Takeaways
                    6.2. Regional Market Share Analysis, 2023 & 2030
                    6.3. North America
                        6.3.1. North America Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
                        6.3.2. U.S.
                            6.3.2.1. U.S. Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
                        6.3.3. Canada
                            6.3.3.1. Canada Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
                        6.3.4. Mexico
                            6.3.4.1. Mexico Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
                    6.4. Europe
                        6.4.1. Europe Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
                        6.4.2. Germany
                            6.4.2.1. Germany Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
                        6.4.3. Russia
                            6.4.3.1. Russia Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
                        6.4.4. UK
                            6.4.4.1. UK Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
                    6.5. Asia Pacific
                        6.5.1. Asia Pacific Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
                        6.5.2. China
                            6.5.2.1. China Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
                        6.5.3. India
                            6.5.3.1. India Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
                        6.5.4. Japan
                            6.5.4.1. Japan Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
                        6.5.5. South Korea
                            6.5.5.1. South Korea Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
                    6.6. Central & South America
                        6.6.1. Central & South America Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
                        6.6.2. Brazil
                            6.6.2.1. Brazil Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
                    6.7. Middle East & Africa
                        6.7.1. Middle East & Africa Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
                        6.7.2. Saudi Arabia
                            6.7.2.1. Saudi Arabia Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
                        6.7.3. UAE
                            6.7.3.1. UAE Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
Chapter 7. Gypsum Board Market Supplier Intelligence
                    7.1. Kraljic Matrix/Portfolio Analysis
                    7.2. Engagement Model
                    7.3. Negotiation Strategies
                    7.4. Sourcing Best Practices
                    7.5. Vendor Selection Criteria
                    7.6. List of Raw Material Suppliers
Chapter 8. Competitive Landscape
                    8.1. Key Players, their Recent Developments, and their Impact on Industry
                    8.2. Key Company/Competition Categorization
                    8.3. Company Market Position Analysis
                    8.4. Company Heat Map Analysis
                    8.5. Strategy Mapping
                    8.6. Company Listing
                        8.6.1. USG Zawawi Drywall LLC SFZ
                            8.6.1.1. Company Overview
                            8.6.1.2. Financial Performance
                            8.6.1.3. Product Benchmarking
                            8.6.1.4. Strategic Initiatives
                        8.6.2. Knauf Middle East
                            8.6.2.1. Company Overview
                            8.6.2.2. Financial Performance
                            8.6.2.3. Product Benchmarking
                            8.6.2.4. Strategic Initiatives
                        8.6.3. Gypsemna
                            8.6.3.1. Company Overview
                            8.6.3.2. Financial Performance
                            8.6.3.3. Product Benchmarking
                            8.6.3.4. Strategic Initiatives
                        8.6.4. Global Mining Company LLC (GMC)
                            8.6.4.1. Company Overview
                            8.6.4.2. Financial Performance
                            8.6.4.3. Product Benchmarking
                            8.6.4.4. Strategic Initiatives
                        8.6.5. Gulf Gypsum Co. (ASK Gypsum Factory Ltd.)
                            8.6.5.1. Company Overview
                            8.6.5.2. Financial Performance
                            8.6.5.3. Product Benchmarking
                            8.6.5.4. Strategic Initiatives
                        8.6.6. National Gypsum Company
                            8.6.6.1. Company Overview
                            8.6.6.2. Financial Performance
                            8.6.6.3. Product Benchmarking
                            8.6.6.4. Strategic Initiatives
                        8.6.7. Beijing New Building Material (BNBM) Public Ltd
                            8.6.7.1. Company Overview
                            8.6.7.2. Financial Performance
                            8.6.7.3. Product Benchmarking
                            8.6.7.4. Strategic Initiatives
                        8.6.8. Etex Group
                            8.6.8.1. Company Overview
                            8.6.8.2. Financial Performance
                            8.6.8.3. Product Benchmarking
                            8.6.8.4. Strategic Initiatives
                        8.6.9. United Mining Industries (UMI) Company Ltd.
                            8.6.9.1. Company Overview
                            8.6.9.2. Financial Performance
                            8.6.9.3. Product Benchmarking
                            8.6.9.4. Strategic Initiatives
                        8.6.10. Saint-Gobain Gyproc Middle East
                            8.6.10.1. Company Overview
                            8.6.10.2. Financial Performance
                            8.6.10.3. Product Benchmarking
                            8.6.10.4. Strategic Initiatives
                        8.6.11. Lafarge Group
                            8.6.11.1. Company Overview
                            8.6.11.2. Financial Performance
                            8.6.11.3. Product Benchmarking
                            8.6.11.4. Strategic Initiatives
                        8.6.12. Ahmed Yousef & Hassan Abdulla Co. (AYHACO)
                            8.6.12.1. Company Overview
                            8.6.12.2. Financial Performance
                            8.6.12.3. Product Benchmarking
                            8.6.12.4. Strategic Initiatives
                        8.6.13. Yoshino Gypsum Co. Ltd
                            8.6.13.1. Company Overview
                            8.6.13.2. Financial Performance
                            8.6.13.3. Product Benchmarking
                            8.6.13.4. Strategic Initiatives


List of Tables

Table 1 Gypsum Board Market Estimates & Forecasts by Product, 2018 - 2030 (Million Square Meters)
Table 2 Gypsum Board Market Estimates & Forecasts by Product, 2018 - 2030 (USD Billion)
Table 3 Gypsum Board Market Estimates & Forecasts by Application, 2018 - 2030 (Million Square Meters)
Table 4 Gypsum Board Market Estimates & Forecasts by Application, 2018 - 2030 (USD Billion)
Table 5 Recent Developments & Impact Analysis By Key Market Participants
Table 6 Company Heat Map Analysis, 2023


List of Figures

Fig. 1 Information Procurement
Fig. 2 Primary Research Patter
Fig. 3 Primary Research Process
Fig. 4 Market Research Approaches - Bottom-Up Approach
Fig. 5 Market Research Approaches - Top-Down Approach
Fig. 6 Market Research Approaches - Combined Approach
Fig. 7 Gypsum Board Market Segmentation
Fig. 8 Market Outlook
Fig. 9 Segmental Outlook
Fig. 10 Segmental Outlook
Fig. 11 Competitive Outlook
Fig. 12 Gypsum Board market: Value chain analysis
Fig. 13 Gypsum Board - Market Dynamics
Fig. 14 Market driver impact analysis
Fig. 15 Market restraints impact analysis
Fig. 16 Key opportunities prioritized
Fig. 17 Gypsum board market - Porter’s five forces analysis
Fig. 18 Gypsum board market - PESTLE Analysis
Fig. 19 Gypsum Board market - Product movement analysis, 2023 & 2030
Fig. 20 Gypsum Board market: Application movement analysis, 2023 & 2030
Fig. 21 Gypsum board market - Regional movement analysis, 2023 & 2030
Fig. 22 Gypsum wallboard market estimates and forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
Fig. 23 Gypsum ceiling board market estimates and forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
Fig. 24 Gypsum pre-decorated Board market estimates and forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
Fig. 25 Other gypsum board market estimates and forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
Fig. 26 Gypsum Board market estimates and forecasts, in pre-engineered metal buildings, 2018 - 2030 (Million Square Meters) (USD Billion)
Fig. 27 Gypsum Board market estimates and forecasts, in residential application, 2018 - 2030 (Million square meters) (USD Million)
Fig. 28 Gypsum Board market estimates and forecasts, in industrial application, 2018 - 2030 (Million square meters) (USD Million)
Fig. 29 Gypsum Board market estimates and forecasts, in commercial application, 2018 - 2030 (Million square meters) (USD Million)
Fig. 30 Gypsum Board market estimates and forecasts, in institutional application, 2018 - 2030 (Million square meters) (USD Million)
Fig. 31 North America Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
Fig. 32 U.S. Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
Fig. 33 Canada Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
Fig. 34 Mexico Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
Fig. 35 Europe Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
Fig. 36 Germany Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
Fig. 37 Russia Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
Fig. 38 UK Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
Fig. 39 Asia Pacific Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
Fig. 40 China Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
Fig. 41 India Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
Fig. 42 Japan Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
Fig. 43 South Korea Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
Fig. 44 Central & South America Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
Fig. 45 Brazil Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
Fig. 46 Middle East & Africa Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
Fig. 47 Saudi Arabia Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
Fig. 48 UAE Gypsum Board Market Estimates and Forecasts, 2018 - 2030 (Million Square Meters) (USD Billion)
Fig. 49 Competition Categorization
Fig. 50 Company Market Positioning
Fig. 51 Strategy Mapping, 2022

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Market Segmentation

  • Gypsum Board Product Outlook (Volume, Million Square Meters; Revenue, USD Million; 2018 - 2030)
    • Wallboard
    • Ceiling Board
    • Pre-decorated Board
    • Others
  • Gypsum Board Application Outlook (Volume, Million Square Meters; Revenue, USD Million; 2018 - 2030)
    • Pre-engineered Metal Buildings
    • Residential
    • Industrial
    • Commercial
    • Institutional
  • Gypsum Board Regional Outlook (Volume, Million Square Meters; Revenue, USD Million; 2018 - 2030)
    • North America
      • North America Gypsum Board Market, By Product
        • Wallboard
        • Ceiling Board
        • Pre-decorated Board
        • Others
      • North America Gypsum Board Market, By Application
        • Pre-engineered Metal Buildings
        • Residential
        • Industrial
        • Commercial
        • Institutional
      • U.S.
        • U.S. Gypsum Board Market, By Product
          • Wallboard
          • Ceiling Board
          • Pre-decorated Board
          • Others
        • U.S. Gypsum Board Market, By Application
          • Pre-engineered Metal Buildings
          • Residential
          • Industrial
          • Commercial
          • Institutional
      • Canada
        • Canada Gypsum Board Market, By Product
          • Wallboard
          • Ceiling Board
          • Pre-decorated Board
          • Others
        • Canada Gypsum Board Market, By Application
          • Pre-engineered Metal Buildings
          • Residential
          • Industrial
          • Commercial
          • Institutional
      • Mexico
        • Mexico Gypsum Board Market, By Product
          • Wallboard
          • Ceiling Board
          • Pre-decorated Board
          • Others
        • Mexico Gypsum Board Market, By Application
          • Pre-engineered Metal Buildings
          • Residential
          • Industrial
          • Commercial
          • Institutional
    • Europe
      • Europe Gypsum Board Market, By Product
        • Wallboard
        • Ceiling Board
        • Pre-decorated Board
        • Others
      • Europe Gypsum Board Market, By Application
        • Pre-engineered Metal Buildings
        • Residential
        • Industrial
        • Commercial
        • Institutional
      • Germany
        • Germany Gypsum Board Market, By Product
          • Wallboard
          • Ceiling Board
          • Pre-decorated Board
          • Others
        • Germany Gypsum Board Market, By Application
          • Pre-engineered Metal Buildings
          • Residential
          • Industrial
          • Commercial
          • Institutional
      • UK
        • UK Gypsum Board Market, By Product
          • Wallboard
          • Ceiling Board
          • Pre-decorated Board
          • Others
        • UK Gypsum Board Market, By Application
          • Pre-engineered Metal Buildings
          • Residential
          • Industrial
          • Commercial
          • Institutional
      • Russia
        • Russia Gypsum Board Market, By Product
          • Wallboard
          • Ceiling Board
          • Pre-decorated Board
          • Others
        • Russia Gypsum Board Market, By Application
          • Pre-engineered Metal Buildings
          • Residential
          • Industrial
          • Commercial
          • Institutional
    • Asia Pacific
      • Asia Pacific Gypsum Board Market, By Product
        • Wallboard
        • Ceiling Board
        • Pre-decorated Board
        • Others
      • Asia Pacific Gypsum Board Market, By Application
        • Pre-engineered Metal Buildings
        • Residential
        • Industrial
        • Commercial
        • Institutional
      • China
        • China Gypsum Board Market, By Product
          • Wallboard
          • Ceiling Board
          • Pre-decorated Board
          • Others
        • China Gypsum Board Market, By Application
          • Pre-engineered Metal Buildings
          • Residential
          • Industrial
          • Commercial
          • Institutional
      • India
        • India Gypsum Board Market, By Product
          • Wallboard
          • Ceiling Board
          • Pre-decorated Board
          • Others
        • India Gypsum Board Market, By Application
          • Pre-engineered Metal Buildings
          • Residential
          • Industrial
          • Commercial
          • Institutional
      • Japan
        • Japan Gypsum Board Market, By Product
          • Wallboard
          • Ceiling Board
          • Pre-decorated Board
          • Others
        • Japan Gypsum Board Market, By Application
          • Pre-engineered Metal Buildings
          • Residential
          • Industrial
          • Commercial
          • Institutional
      • South Korea
        • South Korea Gypsum Board Market, By Product
          • Wallboard
          • Ceiling Board
          • Pre-decorated Board
          • Others
        • South Korea Gypsum Board Market, By Application
          • Pre-engineered Metal Buildings
          • Residential
          • Industrial
          • Commercial
          • Institutional
    • Latin America
      • Latin America Gypsum Board Market, By Product
        • Wallboard
        • Ceiling Board
        • Pre-decorated Board
        • Others
      • Latin America Gypsum Board Market, By Application
        • Pre-engineered Metal Buildings
        • Residential
        • Industrial
        • Commercial
        • Institutional
      • Mexico
        • Mexico Gypsum Board Market, By Product
          • Wallboard
          • Ceiling Board
          • Pre-decorated Board
          • Others
        • Mexico Gypsum Board Market, By Application
          • Pre-engineered Metal Buildings
          • Residential
          • Industrial
          • Commercial
          • Institutional
      • Brazil
        • Brazil Gypsum Board Market, By Product
          • Wallboard
          • Ceiling Board
          • Pre-decorated Board
          • Others
        • Brazil Gypsum Board Market, By Application
          • Pre-engineered Metal Buildings
          • Residential
          • Industrial
          • Commercial
          • Institutional
    • Middle East & Africa
      • Middle East & Africa Gypsum Board Market, By Product
        • Wallboard
        • Ceiling Board
        • Pre-decorated Board
        • Others
      • Middle East & Africa Gypsum Board Market, By Application
        • Pre-engineered Metal Buildings
        • Residential
        • Industrial
        • Commercial
        • Institutional
      • Saudi Arabia
        • Saudi Arabia Gypsum Board Market, By Product
          • Wallboard
          • Ceiling Board
          • Pre-decorated Board
          • Others
        • Saudi Arabia Gypsum Board Market, By Application
          • Pre-engineered Metal Buildings
          • Residential
          • Industrial
          • Commercial
          • Institutional
      • UAE
        • UAE Gypsum Board Market, By Product
          • Wallboard
          • Ceiling Board
          • Pre-decorated Board
          • Others
        • UAE Gypsum Board Market, By Application
          • Pre-engineered Metal Buildings
          • Residential
          • Industrial
          • Commercial
          • Institutional

Gypsum Board Market Dynamics

Driver: Rapidly growing residential real estate sector

Expanding population and rapid urbanization & industrialization in the emerging economies are expected to influence governments to increase their construction spending to cater to the rising infrastructure needs. This, in turn, is projected to drive the demand for gypsum for a number of residential applications including walls, ceiling, and others. The residential sector has exhibited a rise owing to the economic growth and the associated positive impact on household incomes and other factors spurring the growth include the lowering of interest rates, internal migration & immigration, and investment deficit since the financial crisis. Moreover, the stronger expansion of building activities is held back by uncommon high real estate prices in a few member countries. The aforementioned factors are expected to have a positive impact on the growth of the residential and real estate sector thereby stimulating the demand for gypsum board over the forecast period.

Driver: Increasing construction spending in emerging economies

Rapid urbanization is expected to result in an increase in the number of new projects, primarily in residential and building applications, which, in turn, is likely to fuel the growth of gypsum board market over the forecast period. In addition, factors such as the rapidly growing construction industry, increasing technological advancements in the construction sector, and advantages offered by gypsum board reduced cost & time and easy installations, are contributing to the growth of the market. The building and construction industry is one of the rapidly growing industries globally. Furthermore, sustainable economic growth and low-interest rates have led to an increase in the approvals for building projects across the globe. Australia, Germany, Sweden, Norway, and Canada are among the major countries, where the construction industry is bolstering, which, in turn, is expected to lead to an increase in the demand for the product over the forecast period.

Restraint: Raw material supply constraints

Gypsum board products are primarily derived from gypsum where calcined gypsum is mixed with water and additives to form the mixture into slurry and is further processed into board machines. As the process moves down a conveyer line, the calcium sulfate recrystallizes to form a slab like structure. Since, gypsum sourcing and its availability exhibit a significant role in gypsum board production costs and subsequent supply to the market. In layman terms, tight gypsum supply could result in rising gypsum board prices therefore affecting producers’ profitability and consequently hindering market development. Gypsum sourcing depends on the material’s production in the region and subsequent requirements met through imports. Further, gypsum production is highly reliant on its availability in mines and other synthetic routes. In places where gypsum production is minimal, gypsum board manufacturing costs considerable tend to be higher since entire or most of the raw material requirements are met through imports.

 

What Does This Report Include?

This section will provide insights into the contents included in this gypsum board market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Gypsum board market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Gypsum board market quantitative analysis

  • Market size, estimates, and forecast from 2018 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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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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