Global Drywall Market Size, Share & Trends Analysis Report, Forecast Period, 2024-2031

The Drywall Market is experiencing robust expansion, with market size projected to increase from (28.75 Billion) 2023 to (38.34 Billion) 2031, demonstrating a consistent year-over-year growth rate of 2.9%. Drywall Market Size, Share, Competitive Landscape and Trend Analysis Report, by Types (Wallboard, Ceiling Board, Pre-decorated Board, Shaft Liner Board), by Applications (Commercial, Residential, Industrial, Infrastructure) , by Prouct (Standard Gypsum Board, Moisture Resistant Gypsum Board, Fire Resistant Gypsum Board, Soundproof Gypsum Board) And Regions ({regionNms}) : Industry Forecast and Opportunity Analysis for 2023 - 2031

The drywall market encompasses the global production of drywall, distribution, and sales, including the popular names such as gypsum board, sheetrock, or plasterboard. The term drywall refers to a panel of gypsum plaster, pressed between two thick sheets of paper, primarily used for internal wall and ceiling constructions. It provides quick and relatively easy finish surfaces instead of traditional lath and plaster systems. There are various thicknesses and types available, such as regular, moisture resistive (green board), fire resistive (red board), and mould resistant options designed for special applications and conditions.

Drywall Report Highlights

Report Metrics	Details
Forecast period	2019-2031
Base Year Of Estimation	2023
Growth Rate	CAGR of 2.9%
Forecast Value (2031)	USD 38.34 Billion
By Product Type	Wallboard, Ceiling Board, Pre-decorated Board, Shaft Liner Board
Key Market Players	Jiangxi Gyratory International Gypsum Management and Supply Etex Group Siniat National Gypsum Company Rockwool International SaintGobain CertainTeed Armstrong World Industries USG Corporation BGC Contracting LafargeHolcim GeorgiaPacific Knauf Gips International Code Council
By Region

Drywall Market Trends

Currently, in the drywall market, one cannot fail to notice the increasing trend toward the adoption of moisture- and mould-resistant drywall types, the reason being indoor air quality awareness and keeping away mould growth in most generative sources of humidity, such as bathrooms and kitchens. Demand for fire-resistant drywall is also increasing rapidly as a result of the stringent building codes and safety regulations imposed in commercial and multi-family residential buildings. Increased focus on sustainable and environmentally friendly drywall products is another important trend. Manufacturers are putting more emphasis on using recycled materials in wallboard production while reducing their environmental impact. This has been brought about by consumer demand for greener building materials and government policies to encourage sustainability in construction practices.

Drywall Market Leading Players

The key players profiled in the report are Armstrong World Industries, BGC Contracting, National Gypsum Company, Gypsum Management and Supply, GeorgiaPacific, USG Corporation, LafargeHolcim, Knauf Gips, SaintGobain, Jiangxi Gyratory International, CertainTeed, Rockwool International, Siniat, Etex Group, International Code Council

Growth Accelerators

More so, the entirely booming construction industry, both for residential houses and commercial buildings, drives the drywall market. Emerging new populations and urbanisation create high demands for new buildings and renovations, which ultimately culminate in drywall. The most obvious reason for drywall being the first choice for builders and contractors is its versatility and easy installation compared to traditional plaster. Growing energy efficiency and sound-insulated buildings have added to the expansion of this market. Drywall serves the purpose of creating well-insulated and soundproof interiors as per requirements under modern building standards and consumer preferences. Specific types of drywalls expand its application areas, such as moisture-resistant and fire-resistant, thereby creating further demand for the market.

Drywall Market Segmentation analysis

The Global Drywall is segmented by Type, Application, and Region.
By Type, the market is divided into Distributed Wallboard, Ceiling Board, Pre-decorated Board, Shaft Liner Board . The Application segment categorizes the market based on its usage such as Commercial, Residential, Industrial, Infrastructure. Geographically, the market is assessed across key Regions like {regionNms} and others, each presenting distinct growth opportunities and challenges influenced by the regions.

Competitive Landscape

There are rivalries among the various major global and regional manufacturers in the drywall market concerning their high-quality products, pricing, and innovation. Major players like USG Corporation, Saint-Gobain, Knauf, and National Gypsum control this market with extensive networks of distribution paired with an array of product offerings, ranging from moisture-resistant drywall to fire-resistant and soundproofing drywall solutions. The growing market for drywall solutions is driven by the escalating demand within residential, commercial, and industrial construction site facilities and the evolving industry standards companies are targeting with sustainable lightweight drywall designs.

Challenges In Drywall Market

While the market for drywall continues to grow steadily, the industry is faced with certain problems. Raw material price fluctuations—particularly that of gypsum and paper—will increasingly affect production costs as well as profitability. Moreover, the drywall market is highly competitive, with huge multinational companies and small regional competition alike looking to share the market. Thus, this leads to the pressure of relatively low prices and the need for innovative differentiation of products by companies. In fact, rising demand for green building materials poses another significant challenge to the drywall business. The industry is being forced by pressure to minimise its environmental impact, including reducing waste, computer recycling, and energy consumption in production. It, therefore, translates that affording costs while still attaining these sustainability goals will surely put a number of market players in worry.

Risks & Prospects in Drywall Market

High opportunities exist in the drywall market in terms of future growth prospects. Eco-friendly drywall products, made from recycled raw materials or with reduced environmental impact, are increasingly demanded and even internationally created because of the growing concern for sustainable construction practices. The growing trend of prefabricated construction and modular homes has really provided a platform for drywall manufacturers to offer differently designed solutions that really meet the specific design requirements. Growth for the Drywall Market is substantial since they are all developing economies in the Asia-Pacific and Latin American countries, indicating urbanisation going very fast, increasing disposable income, and also increasing investments in residential and commercial construction. North America and Europe have already matured for drywall, creating non-stop demand from renovation and remodelling projects. The other region witnessing a steady increase in the drywall market is the Middle East because of the numerous infrastructure and tourism projects ongoing there. Regional dynamics in the drywall market are dependent upon various factors like building codes, economic conditions, and cultural preferences.

Key Target Audience

The key target audience for the drywall market, then, is a variety of construction companies, contractors, and builders, all searching for affordable, lightweight, and fire-resistant wall solutions for generally residential and commercial work. Architects and interior designers are also very important, as they dictate drywall material usage through requirements regarding aesthetics, acoustic properties, and sustainability. Importantly, those responsible for demand through adherence to building regulations and safety standards would include government agencies and developers involved in projects of infrastructure such as schools, hospitals, and office buildings.,, Drywall manufacturers and suppliers are equally targeting distributors, wholesalers, and retailers who would serve both the large contractor and the DIY homeowner. The growing trend in home renovations and remodelling serves to further widen market scope to the individual consumer market for easy-to-install and energy-efficient wall solutions.

Merger and acquisition

The concrete drywall market witnessed notable blitzes of mergers and acquisitions aimed at expanding market presence and service offerings. In May 2024, Action Gypsum Supply acquired Builders Drywall to broaden its product line and geographic reach with a respectable name in the construction sector. Likewise, AVALT and VantEdge Partners acquired Suburban Drywall, a recognised construction service provider in southern Wisconsin, to create a platform in the construction services space and pursue an acquisition-driven growth strategy. In the building materials distribution sector, QXO, a new entry based in Greenwich, Connecticut, made an acquisition offer for Beacon Roofing Supply in November 2024. This acquisition complies with QXO's strategy to grow at a quick pace through strategic acquisitions to catapult its revenue to $50 billion in the next ten years. In December 2024, James Hardie postponed its share buyback, fuelling speculation about a possible acquisition to further strengthen its hold in the market. >

Analyst Comment

The drywall market is a rather mature and steadily growing market, intertwining closely with the overall health of the construction industry. Increased building activity—be it residential or commercial—spurs the needed demand for drywall. Factors such as population growth, urbanisation, and infrastructural development fuel this demand. The market is influenced by renovation and remodelling projects, which are often done with the use of drywall due to its ease of installation and versatility.