Drywall Market

Market Overview: 

The global drywall market size reached US$ 44.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 88.1 Billion by 2032, exhibiting a growth rate (CAGR) of 7.88% during 2024-2032. The evolving construction industry, the increasing product utilization in residential buildings, and the implementation of various government initiatives represent some of the key factors driving the market.

Drywall is a building material manufactured using gypsum to construct interior walls and ceilings. It is a flat panel sandwiched between two sheets of thick paper and then dried and cut to size. It is also used to create many design features, including eaves, arches, and other architectural specialties. Drywall exhibits fire resistance, lightweight, high strength, versatility, sound insulation, and high ductility properties. It also offers high-grade water absorption and insulation properties and provides a smooth surface for painting or wallpapering. As compared to plaster, drywall is cost-effective, quick, and easy to install, incredibly durable, and requires only simple repairs when damaged. As a result, drywall finds extensive applications across residential and commercial construction.

Drywall Market Trends:

The rapidly growing construction industry across the globe is creating a positive outlook for the market. Drywall is widely used to seamlessly divide spaces as it is a cost-effective and efficient building material. In line with this, the widespread product adoption in remodeling and renovation projects to repair damaged walls, holes, and cracks or to add new walls to divide a room is favoring the market growth. Moreover, the increasing product utilization in residential buildings to enhance the aesthetic appeal of the construction and provide thermal insulation is acting as another growth-inducing factor. Apart from this, the introduction of moisture-resistant drywall designed to resist the absorption of moisture and help to prevent mold and mildew growth in high-humidity areas is providing an impetus to the market growth. Furthermore, the increasing utilization of drywalls in decorative and partitioning applications for aesthetic purposes due to their high durability and low-weight features is propelling the market growth. Additionally, the widespread product adoption in commercial spaces, such as hotels and restaurants, and educational spaces to build soundproof walls and ceilings is positively influencing the market growth. Besides this, the implementation of various government initiatives promoting the use of environmentally friendly drywall, such as drywall made from recycled materials, is driving the market growth. Other factors, rising expenditure capacities of consumers, the introduction of fire-resistant drywall, easy availability of raw materials, and rising infrastructural development, are anticipated to drive the market further toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global drywall market report, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on type and application.

Type Insights:

• Standard
• Fire-Resistant
• Mold/Moisture Resistant
   

The report has provided a detailed breakup and analysis of the drywall market based on the type. This includes standard, fire-resistant and mold/moisture resistant. According to the report, standard represented the largest segment.

Application Insights:

• Residential
• Commercial
• Industrial
   

The report has provided a detailed breakup and analysis of the drywall market based on the application. This includes residential, commercial, and industrial. According to the report, residential represented the largest segment.

Regional Insights:

• North America 
  • United States
  • Canada
• Asia Pacific 
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe 
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Latin America 
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, Asia Pacific was the largest market for drywall. Some of the factors driving the Asia Pacific drywall market included the rapidly growing construction industry, various product innovations, and rising expenditure capacities of consumers,

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global drywall market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include American Gypsum Company LLC (Eagle Materials Inc.), CertainTeed (Compagnie de Saint-Gobain S.A.), Georgia-Pacific Gypsum LLC (Georgia-Pacific LLC), USG Corporation (Gebr. Knauf KG), etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Drywall Market Report Scope:

Key Questions Answered in This Report:

• How has the global drywall market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global drywall market?
• What is the impact of each driver, restraint, and opportunity on the global drywall market?
• What are the key regional markets?
• Which countries represent the most attractive drywall markets?
• What is the breakup of the market based on the type?
• Which is the most attractive type in the drywall market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the drywall market?
• What is the competitive structure of the global drywall market?
• Who are the key players/companies in the global drywall market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the drywall market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global drywall market.
• The study maps the leading as well as the fastest-growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the drywall industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.