Plasterboard Market

Plasterboard Market Size and Forecast

The global Plasterboard Market is valued at USD 115.67 Billion in 2024 and is projected to reach a value of USD 209.5 Billion by 2035 at a CAGR (Compound Annual Growth Rate) of 5.55% between 2025 and 2035.

Plasterboard Market Key Highlights

• Based on the Type, the Fire-Resistant Plasterboard category accounted for significant market share in Plasterboard market in 2024
• In 2024, by Form, the Square Edge Plasterboard dominated largest market share of Plasterboard market.
• Based on the Application, the Walls category accounted for significant market share in Plasterboard market in 2024
• Based on the Raw Material, the Gypsum-Based Plasterboard category accounted for significant market share in Plasterboard market in 2024
• In 2024, by End-User Industry, Residential dominated the Plasterboard market with 61.30% of market share
• Asia Pacific dominated the Plasterboard market industry with 44.50% Plasterboard market share in 2024
• North America region is anticipated to grow at the highest CAGR during the forecast period in Plasterboard market industry

Plasterboard Market Drivers

Significant investments in building & construction activities worldwide

Significant investments in building and construction activities worldwide are a major driver of the Plasterboard market. Rapid urbanization, particularly in rising economies like China, India, and Brazil, is driving large-scale infrastructure projects, creating a demand for lightweight and cost-effective building materials. For instance, China’s Belt and Road Initiative (BRI), sometimes referred to as the New Silk Road, is one of the most ambitious infrastructure projects ever conceived. Launched in 2013 by President Xi Jinping, the vast collection of development and investment initiatives was originally devised to link East Asia and Europe through physical infrastructure. Over the last decade, the initiative has spread to Africa, Oceania, and Latin America, dramatically increasing Chinas economic and political power. Furthermore, rising commercial and industrial sectors, such as office buildings, hotels, and retail stores, necessitate the use of high-performance construction materials for partitions, ceilings, and walls.

Plasterboard Market Opportunity

Novel product launches and innovations in materials of plasterboards

Plasterboard technological breakthroughs have created attractive growth prospects in the Plasterboard market industry, driven by rising demand for high-performance and sustainable building materials. Manufacturers are creating new plasterboards with better qualities such as increased fire resistance, moisture protection, acoustic insulation, and lightweight construction. The development of eco-friendly and recyclable gypsum boards aligns with the global push for sustainable building materials, reducing carbon footprints and promoting green construction practices. For instance, in January 2025, In January 2025, British Gypsum, a subsidiary of Saint-Gobain Interior Solutions, unveiled the Gyproc SoundBloc Infinaé 100. This product is the first UK-manufactured plasterboard made entirely from 100% recycled gypsum, setting a new benchmark for sustainable construction. The innovation reflects the companys commitment to the circular economy and environmental responsibility. Furthermore, major manufacturers are investing in bio-based and antimicrobial plasterboards, especially for healthcare and hospitality sectors that need high cleanliness and indoor air quality.

Type Insights

The Type segment is divided into Standard Plasterboard, Fire-Resistant Plasterboard, Moisture-Resistant Plasterboard, Acoustic Plasterboard, Impact-Resistant Plasterboard, Thermal Insulated Plasterboard, Specialty Plasterboard. The Fire-Resistant Plasterboard segment held the dominant share in 2024, accounting for significant Plasterboard industry share.

• Fire-Resistant Plasterboard– This segment held the most market share in 2024 of Plasterboard market. Designed with fire-retardant additives, this type provides enhanced fire resistance, making it essential for high-risk areas such as kitchens, stairwells, and commercial buildings. It is widely used in compliance with fire safety regulations, improving building safety and protection
• Standard Plasterboard– The most commonly used type, standard plasterboard is cost-effective and versatile, ideal for general wall and ceiling applications in residential and commercial buildings. In Plasterboard market, standard plasterboard offers basic durability and ease of installation but lacks specialized properties like moisture or fire resistance
• Moisture-Resistant Plasterboard– Engineered with water-repellent materials, moisture-resistant plasterboard is ideal for wet environments like bathrooms, kitchens, and basements. It prevents mold growth and structural damage, ensuring long-term durability in humid conditions, making it a preferred choice for moisture-prone spaces
• Acoustic Plasterboard– Designed to enhance sound insulation, acoustic plasterboard reduces noise transmission between rooms, making it suitable for cinemas, offices, hotels, and residential buildings. It contains denser core materials that absorb sound waves, improving acoustic performance in high-noise environments
• Impact-Resistant Plasterboard– Manufactured for durability, impact-resistant plasterboard withstands physical damage in high-traffic areas such as schools, hospitals, and sports facilities. It features reinforced cores that offer greater strength and longevity, reducing maintenance costs and increasing resilience against wear and tear
• Thermal Insulated Plasterboard– Integrated with insulation materials like polystyrene or foam, thermal insulated plasterboard enhances energy efficiency by reducing heat loss and improving indoor temperature regulation. It is widely used in eco-friendly and energy-conscious construction projects, contributing to lower heating and cooling costs
• Specialty Plasterboard– This category includes innovative and customized plasterboards tailored for specific applications, such as anti-bacterial, anti-radiation, and flexible plasterboards. These specialized variants cater to unique construction needs, including healthcare, industrial, and custom architectural designs, offering advanced performance features

Form Insights

The Form segment is divided into Tapered Edge Plasterboard, Square Edge Plasterboard. The Square Edge Plasterboard segment held the dominant share in 2024, accounting for significant Plasterboard industry share.

• Square Edge Plasterboard– This segment held the most market share in 2024 of Plasterboard market. Featuring straight, uniform edges, square edge plasterboard is primarily used for direct decoration or textured finishes. It is suitable for ceilings and partitions, offering a clean, simple look. Its ease of installation makes it popular in fast-paced construction projects
• Tapered Edge Plasterboard– This segment is fastest growing segment in Plasterboard market. It designed for seamless jointing and smooth finishing, tapered edge plasterboard is ideal for dry-lining and skimming applications. Commonly used in walls and ceilings, it enables easier taping and jointing, creating a flawless, professional finish in modern construction

Raw Material Insights

The Raw Material segment is divided into Gypsum-Based Plasterboard, Cement-Based Plasterboard, Fiberglass-Reinforced Plasterboard, Other Composite Materials. The Gypsum-Based Plasterboard segment held the dominant share in 2024, accounting for significant Plasterboard industry share.

• Gypsum-Based Plasterboard– This segment held the most market share in 2024 of Plasterboard market. The most widely used type, gypsum-based plasterboard is lightweight, cost-effective, and easy to install. It offers fire resistance and sound insulation, making it ideal for residential, commercial, and industrial applications, including walls, ceilings, and partitions in modern construction
• Cement-Based Plasterboard– This segment is fastest growing segment in Plasterboard market. Known for its superior strength and moisture resistance, cement-based plasterboard is ideal for exterior cladding, wet areas, and high-impact environments. It withstands extreme weather conditions, making it a preferred choice for durable and long-lasting construction projects
• Fiberglass-Reinforced Plasterboard– This type enhances durability, fire resistance, and moisture protection by incorporating fiberglass into the gypsum core. Widely used in commercial and high-performance applications, it offers superior strength and longevity, reducing maintenance needs in demanding environments like hospitals and industrial facilities

End User Industry Insights

The End User Industry segment is divided into Residential, and Non-Residential. The Non-Residential segment is categorized by Commercial, Industrial, Institutional (Healthcare, Educational, Government Buildings), Hospitality & Retail. The Residential segment held the dominant share in 2024, accounting for significant Plasterboard industry share of 61.30%.

Residential– This segment is fastest growing segment in Plasterboard market. Plasterboard is widely used in homes for walls, ceilings, and partitions due to its affordability, lightweight nature, and ease of installation. Demand is driven by urbanization, housing developments, and renovation activities, with growing preference for moisture-resistant and fire-rated variants.

Non-Residential- This segment is fastest growing segment in Plasterboard market. This segment includes commercial, Industrial, Institutional, Hospitality and Retail.

• Commercial– Office buildings, shopping malls, and business centers use plasterboard for interior partitions, acoustic panels, and aesthetic ceilings. Its versatility, soundproofing capabilities, and fire resistance make it essential in modern commercial infrastructure, supporting energy efficiency and sustainable building designs
• Industrial– Factories, warehouses, and production facilities use durable, impact-resistant plasterboard for partitioning and insulation. High-performance variants, including fireproof and moisture-resistant boards, enhance safety and longevity, ensuring compliance with industrial building standards and reducing maintenance costs in harsh operational environments
• Institutional (Healthcare, Educational, Government Buildings)– Plasterboard in hospitals, schools, and government offices ensures fire resistance, sound insulation, and hygiene. Specialized variants, such as anti-bacterial and impact-resistant boards, are used to meet safety regulations and improve indoor environments in public and institutional buildings
• Hospitality & Retail– Hotels, restaurants, and retail outlets rely on plasterboard for stylish interiors, false ceilings, and partition walls. Acoustic and moisture-resistant plasterboards enhance comfort and durability, supporting evolving trends in aesthetic design and energy-efficient commercial spaces worldwide

Plasterboard Market Regional Trends

In 2024, the Asia Pacific captured 44.50% of the revenue share.

Asia Pacific Plasterboard Market Trends

Asia Pacific Plasterboard Market is driven by its strong construction industry, fast urbanization, and growing infrastructure development. Countries like China and India experiencing population growth and increased urbanization have created a significant demand for construction materials, including plasterboard. Additionally, the demand for eco-friendly construction materials has increased the adoption of plasterboard due to its recyclability and energy efficiency. Various product types, such as fire-resistant, moisture-resistant, and sound-insulated plasterboards, are catering to diverse construction needs. Furthermore, government support and investments in the construction sector have also played a role in the regions dominance in the Plasterboard market.

China Plasterboard Market Trends

China Plasterboard Market is driven by booming construction sector, particularly in residential and commercial real estate, has significantly increased the demand for plasterboard as a lightweight, cost-effective, and eco-friendly building material. Additionally, China’s commitment to green building initiatives and energy-efficient construction practices is further boosting Plasterboard market growth. With continued investments in urban infrastructure and smart cities, China’s plasterboard market is expected to experience steady expansion in the coming years.

India Plasterboard Market Trends

In India Plasterboard Market, Government initiatives such as “Housing for All” and “Smart Cities Mission” are fueling large-scale residential and commercial construction, further boosting the demand for plasterboard. Additionally, rising disposable incomes and a shift towards modern, energy-efficient buildings are accelerating Plasterboard market expansion. The growing popularity of fire-resistant and moisture-resistant plasterboards, especially in urban developments, is also contributing to increased adoption.

Based on the provided market data, Vantage Market Research offers customizations in the reports to meet the specific needs of clients.

Plasterboard Market Trends

• Green Building Practices: The demand for plasterboard with minimal environmental impact has grown due to the growing attention and emphasis on sustainability and eco-friendly construction practices. Manufacturers have been actively investigating and promoting plasterboard products that incorporate recycled materials and require less energy during the production process
• Technological Advancements: Continuous advancements in plasterboard manufacturing technology resulted in the creation of products with improved attributes, including enhanced fire resistance, acoustic performance, and moisture resistance. The purpose of these technological breakthroughs was to cater to the ever-changing requirements of the construction sector
• Rising Construction Activities: The demand for plasterboard in residential, commercial, and industrial construction projects is driven by the growth of the global construction industry and the increasing urbanization trend. In particular, emerging economies are experiencing substantial infrastructure development
• E-commerce Growth: The distribution of construction materials, such as plasterboard, was becoming more convenient through online purchasing. E-commerce platforms were playing a larger role in this sector, providing a variety of products and making the procurement process easier
• Smart Building Solutions: The Plasterboard market was showing increased interest in plasterboard that could accommodate smart home features, like built-in sensors and wiring conduits, as a growing trend of integrating smart technologies in buildings

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Competitive Landscape

The Plasterboard market is highly competitive, with established industry leaders and new entrants contending for market share. Key players primarily revolve around product innovation, technological advancements, and mergers and acquisitions. This involves the development of plasterboard products that offer enhanced features such as improved fire resistance, acoustic performance, and sustainability. As the construction industry progresses and sustainable building practices become more prevalent, it is expected that key players in the Plasterboard market will continue to adapt their strategies and make calculated moves.

The key players in the global Plasterboard market include - Armstrong World Industries Inc. among others.

Latest Announcements

Volma buys gypsum plant and quarry in Kazakhstan

• In September 2023, Russia-based Volma has completed its acquisition of a gypsum plant in Inderborsky, Atyrau Region and a nearby quarry. No value for the transaction has been disclosed. The company noted that the stone extracted from the quarry has a gypsum content of 94%. The plant has started recruiting employees and will supply the local market with products under the Volma brand. Reports in the Russia-based media in August 2023 indicated that Volma was preparing to buy a plant in Kazakhstan with a production capacity of 120,000t/yr of building gypsum and other products

Saint-Gobain and Dalsan merge their activities in Turkey to create a leader in plaster and plasterboard

• In March 2023, Saint-Gobain and Dalsan have obtained the necessary approval from competition authorities to merge their plaster and plasterboard activities in Turkey. Saint-Gobain Rigips and Dalsan Alçi generated revenues in excess of €160 million in 2022. They will benefit from a leadership position with an annual production capacity of 100 million square meters for plasterboard, 2 million tons for plaster and 50 million meters for metal profiles, following the completion of a capital expenditure project at the new plant in Turgutlu (near Izmir) later in 2023

Plasterboard Market Segments Covered in the report:

By Type:

• Standard Plasterboard
• Fire-Resistant Plasterboard
• Moisture-Resistant Plasterboard
• Acoustic Plasterboard
• Impact-Resistant Plasterboard
• Thermal Insulated Plasterboard
• Specialty Plasterboard

By Form:

• Tapered Edge Plasterboard
• Square Edge Plasterboard

By Application:

• Walls
• Ceilings
• Partitions
• Exterior Cladding
• Acoustic Panels
• Fireproofing Panels

By Raw Material:

• Gypsum-Based Plasterboard
• Cement-Based Plasterboard
• Fiberglass-Reinforced Plasterboard
• Other Composite Materials

By End Use Industry:

• Residential
• Non-Residential
  • Commercial
  • Industrial
  • Institutional (Healthcare, Educational, Government Buildings)
  • Hospitality & Retail

Plasterboard Market Regions and Countries:

North America

• U.S.
• Canada
• Mexico

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Nordic Countries
• Benelux Union
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• South-East Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Argentina
• Rest of Latin America

The Middle-East and Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of Middle-East Africa