The Mexico gypsum board market size reached USD 475.50 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 723.86 Million by 2033, exhibiting a growth rate (CAGR) of 4.78% during 2025-2033. The market is being driven by a surge in residential and commercial construction activities, increased demand for sustainable and cost-effective building materials, and government initiatives promoting infrastructure development. Additionally, the growing preference for fire-resistant and moisture-resistant gypsum boards in various applications is acting as another significant growth-inducing factor.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 475.50 Million |
Market Forecast in 2033 | USD 723.86 Million |
Market Growth Rate 2025-2033 | 4.78% |
Expansion of Residential and Commercial Construction Activities
Mexico’s booming residential and commercial construction sector is fueling robust growth in the gypsum board market. According to the National Institute of Statistics and Geography (INEGI), the country’s construction production volume rose by 6.3% year-on-year in the first nine months of 2024, driven by notable increases in building construction (8.4%), civil engineering works (2.3%), and specialized construction activities (0.8%). This growth aligns with Mexico’s rising urbanization, as approximately 82% of the population currently resides in urban areas, a figure expected to climb to 88% by 2050. The increasing migration to cities is boosting demand for housing and commercial infrastructure, which in turn drives the use of gypsum boards for interior walls and ceilings due to their practicality and cost-efficiency. Government-backed initiatives supporting affordable housing and infrastructure development further amplify this demand. These programs often encourage the use of economical and easy-to-install building materials, making gypsum boards an ideal choice in meeting the rising needs of Mexico’s expanding urban landscape.
Adoption of Sustainable and Fire-Resistant Building Materials
In 2023, Mexico secured the 10th spot globally among the top countries and regions for certified LEED green building projects, highlighting its growing commitment to sustainable construction. This shift is driving increased demand for eco-friendly and fire-resistant building materials, with gypsum boards emerging as a preferred choice. Renowned for their recyclability, low environmental impact, and compliance with global sustainability standards, gypsum boards are gaining traction across the sector. Additionally, approximately 40% of Mexico's land area and over 25% of its population are vulnerable to natural disasters such as storms, hurricanes, and floods. The rising frequency of such events, along with the growing threat of wildfires, has heightened the need for fire-resistant materials. Given their proven fire-resistant properties, gypsum boards are increasingly favored in disaster-prone areas, a trend expected to bolster their market demand in the coming years.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on product type and end use.
Product Type Insights:
The report has provided a detailed breakup and analysis of the market based on the product type. This includes wallboard, ceiling board, pre-decorated board, and others.
End Use Insights:
A detailed breakup and analysis of the market based on the end use have also been provided in the report. This includes residential, corporate, commercial, and institutional.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Mexico, Central Mexico, Southern Mexico, and others.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key 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.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Product Types Covered | Wallboard, Ceiling Board, Pre-decorated Board, Others |
End Uses Covered | Residential, Corporate, Commercial, Institutional |
Regions Covered | Northern Mexico, Central Mexico, Southern Mexico, Others |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: