The North America gypsum board market reached a volume of 2.74 Billion Sq. meters in 2019. Gypsum boards, also known as drywall, wallboard or plasterboard, can be directly attached to wood and metal framing or existing surfaces using screws, nails or adhesives. They offer sound control, versatility, quality and convenience and their non-combustible core makes them different from plywood, hardboard and fiberboard. Gypsum boards are mainly composed of a mineral called gypsum, chemically known as calcium sulfate and is found in sedimentary rocks. Once the mineral is crushed, grinded and converted into calcined or partially dehydrated gypsum, it is again combined with water and additives to form a slurry. It is then fed between continuous layers of paper on a board-forming machine. These boards are subjected to solidification belts followed by cutting and drying machines. After this, the calcium sulfate recrystallizes to its original rock state and the paper becomes chemically and mechanically bonded to the core. Finally, the boards are trimmed, taped and stacked together, and distributed. Gypsum boards are primarily employed for decorative purposes in residential, commercial, corporate and institutional complexes.
The North America gypsum board market is currently driven by several factors. The rising influx of engineered products, such as gypsum board, in the construction industry, has catalyzed the demand in the region. Apart from this, several renovation and restoration projects for structural complexes have fueled the growth of the gypsum board market. In addition to this, the wood-frame construction, which is prevalent in the region, uses gypsum boards as an essential component. Furthermore, abundance of natural gypsum reserves and the presence of multiple synthetic gypsum suppliers in the region have also spurred the demand for gypsum board. Looking forward, IMARC Group expects the market to reach a volume of 3.19 Billion Sq. meters by 2025, registering a CAGR of 2.60% during 2020-2025.
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