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North America Gypsum Board Market Report by Product Type (Wallboard, Ceiling Board, Pre-decorated Board, and Others), End-Use (Residential, Corporate, Commercial, Institutional), and Country 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A1677
Year End
sale
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Market Overview:
The North America gypsum board market size reached 2.9 Billion Sq. Meters in 2023. Looking forward, IMARC Group expects the market to reach 3.6 Billion Sq. Meters by 2032, exhibiting a growth rate (CAGR) of 2.6% during 2024-2032.
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Report Attribute
|
Key Statistics
|
|---|---|
|
Base Year
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2023
|
|
Forecast Years
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2024-2032
|
|
Historical Years
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2018-2023
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Market Size in 2023
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2.9 Billion Sq. Meters |
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Market Forecast in 2032
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3.6 Billion Sq. Meters |
| Market Growth Rate 2024-2032 | 2.6% |
North America Gypsum Board Market Analysis:
- Market Growth and Size: The North America gypsum board market was valued at 2.9 billion square meters in 2023, poised to reach 3.6 billion square meters by 2032. This steady growth is a clear indicator of the robust demand in the construction and renovation sectors, reflecting the industry's resilience and potential.
- Major Market Drivers: The market thrives on the escalating demand for engineered materials and the prevalent use of gypsum boards in wood-frame constructions. Additionally, the sector is buoyed by the momentum of renovation and modernization projects, highlighting its pivotal role in the evolving construction landscape.
- Technological Advancements: Innovations in manufacturing, such as improved soundproofing and fire resistance, propel the market forward. These technological strides are revolutionizing the industry, enhancing product quality and operational efficiency.
- Industry Applications: Extensively utilized in various domains, gypsum boards are synonymous with versatility and functionality, especially valued for their acoustic control and ease of installation. Their application underscores a commitment to safety and aesthetics, cementing their status in modern construction.
- Key Market Trends: The tilt towards sustainable and green building materials is reshaping the market, with gypsum boards leading the charge due to their environmental benefits. This trend reflects a growing consciousness towards eco-friendly construction practices, mirroring the industry's adaptation to global sustainability goals.
- Geographical Trends: Dominance of the U.S. market is complemented by significant contributions from Canada and Mexico, shaping the regional market dynamics. This geographical spread is testament to the adaptability and widespread acceptance of gypsum boards across varied construction landscapes.
- Competitive Landscape: A landscape marked by strategic collaborations and innovations showcases the competitive spirit of the market. This environment stimulates continual advancements, ensuring that the industry remains at the forefront of construction material technology.
- Challenges and Opportunities: Industry players navigate challenges like volatile raw material costs and the imperative for technological adaptability. However, the burgeoning demand for sustainable and high-quality construction materials unveils vast opportunities, heralding a phase of expansive growth and innovation.
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. 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 market in North America is majorly driven by the rising influx of engineered products, such as gypsum board, in the construction industry. 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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the North America gypsum board market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on product type and end-use.
- Key Regions Analysed
- United States
- Canada
- Mexico
- Analysis for Each Country
- Market by Product Type
- Wallboard
- Ceiling Board
- Pre-decorated Board
- Others
- Market by End-Use
- Residential
- Corporate
- Commercial
- Institutional
- Value Chain Analysis
- Key Drivers and Challenges
- Porters Five Forces Analysis
- PESTEL Analysis
- Government Regulations
- Competitive Landscape
- Competitive Structure
- Key Player Profiles
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | Billion Sq. Meters |
| Segment Coverage | Product Type, End-Use, Country |
| Countries Covered | United States, Canada, Mexico |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
| 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:
- How has the North America gypsum board market performed so far and how will it perform in the coming years?
- What are the key regions in the North America gypsum board market?
- What has been the impact of COVID-19 on the North America gypsum board market?
- What is the breakup of the North America gypsum board market on the basis of product type?
- What is the breakup of the North America gypsum board market on the basis of end-use?
- What are the various stages in the value chain of the North America gypsum board industry?
- What are the key driving factors and challenges in the North America gypsum board industry?
- What is the structure of the North America gypsum board industry and who are the key players?
- What is the degree of competition in the North America gypsum board industry?
- What are the profit margins in the North America gypsum board industry?
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