Drywall Panels Market Share, Revenue and Forecast to 2028

Drywall Panels Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type (Regular, Moisture-Resistant, Plaster Baseboard, Paperless, Type X, and Others) and Application (Residential and Non-Residential)

Publication Month : Jan 2023

  • Report Code : TIPRE00029814
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 188
Inquire Before Buy

PRICING

$4550

$3640

The drywall panels market size is expected to grow from US$ 48,719.96 million in 2022 to US$ 70,723.39 million by 2028; it is estimated to grow at a CAGR of 6.4% from 2022 to 2028.

A drywall panel is also known as wallboard, gypsum board, sheet-rock, and plasterboard. Drywall panels are composed of a layer of gypsum rock sandwiched between two layers of special paper. They are an excellent choice for wrap columns, ceilings, walls, and concealing steel beams. Drywall panels are one of the most widely used and highly popular construction elements. It is an integral add-on to many home remodeling and refinishing.

In 2022, Asia Pacific held the largest revenue share of the global drywall panels market. The Asia Pacific drywall panels market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The demand for drywall panels in Asia Pacific is increasing due to the growing use of drywall panels in residential and non-residential sectors. The growing building & construction industry is a strong contributor to the drywall panels market growth in the region. For instance, in India, the construction industry is the second-largest industry after agriculture, accounting for ~11% of the country's GDP. Moreover, China is expected to spend US$ 13 trillion yearly on the construction of buildings by 2030. According to the National Bureau of Statistics of China, the construction output value in the country grew from US$ 1.51 trillion in 2010 to US$ 4.18 trillion in 2020. Further, the players operating in the Asia Pacific drywall panels market are heavily investing in research & development activities and focusing on expanding their production capacities, propelling the drywall panels market growth in the region. 

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Drywall Panels Market: Strategic Insights

drywall-panels-market
Market Size Value inUS$ 48,719.96 Million in 2022
Market Size Value byUS$ 70,723.39 Million by 2028
Growth rateCAGR of 6.4% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
Analyst Image

Shejal

Have a question?

Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst Image  Speak to Analyst

Impact of COVID-19 Pandemic on Drywall Panels Market

Before the COVID-19 pandemic, the drywall panels market was mainly driven by their increasing use in residential and non-residential construction activities. However, the COVID-19 pandemic hampered the growth of the chemicals & materials sector and the drywall panels market. The implementation of measures to combat the spread of SARS-CoV-2 negatively impacted the growth of various industries. Builders experienced delays and increased costs for imported raw materials and off-site building materials due to the long-term shutdown of many factories. The damage caused by the impacts of the pandemic on the building & construction industry hampered the demand for drywall panels.

The global marketplace is recovering from the losses as governments of different countries have announced relaxation in the restrictions. Manufacturers are permitted to operate at full capacity, which helps them to overcome the supply gap. This is expected to create a positive impact on the drywall panels market growth.

Global Drywall Panels Market Breakdown – by Region

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

Market Insights

Rising Construction Industry Globally

Drywall panels are used to construct residential and non-residential buildings for interior walls, ceiling applications, and separation walls. They are used for direct decoration or thistle plaster finish. A drywall panel is preferred to plaster because it is easier to install and repair, less expensive, and more durable. Owing to all these benefits, there is a growing use of drywall panels in residential and non-residential construction activities. The construction industry in various countries across the globe is rapidly growing. Rise in government investments and increase in demand for residential constructions are propelling the growth of the construction industry. The countries such as the US, China, and India have the largest construction business in the world. In North America, the construction industry is one of the significant contributors to the region's economy. The rise in construction activities due to the increasing population and rapidly growing commercial sector across the region are driving the construction sector in North America. In Asia Pacific, there is an increase in construction activities. The region's rising population is putting a strain on current infrastructure, necessitating the development of new rail networks, residential structures, and roadways. Thus, the high rate of construction activities in various countries across the globe creates an enormous demand for various construction materials, including drywall panels.

Type Insights

Based on type, the global drywall panels market is segmented into regular, moisture-resistant, plaster baseboard, paperless, type X, and others. The drywall panels market share for the regular segment was the largest in 2022. Regular drywall is also called whiteboard, usually white on one side and brown on the other. Regular drywall is plain drywall with no special features. This regular drywall is widely used in residential and non-residential construction. Regular drywall is commonly used in bedrooms, living rooms, hallways, and basements. It is the most cost-effective drywall type and is available in various thickness options.

Drywall Panels Market, by Type – 2022 and 2028

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

The key players operating in the global drywall panels market include Georgia-Pacific LLC, American Gypsum Co LLC, Yoshino Gypsum Co Ltd, Compagnie de Saint Gobain SA, Sadaf Gypsum Co, Knauf Gips KG, Isam Khairi Kabbani Group, National Gypsum Co, Technomec Building Industries LLC, and GYPSEMNA Co LLC. Players operating in the global drywall panels market focus on providing high-quality products to fulfill customer demand. They are also focusing on strategies such as investments in research and development activities, new product launches, and expanding production capacities.

Report Spotlights

  • Progressive industry trends in the drywall panels market to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the drywall panels market from 2020 to 2028
  • Estimation of global demand for drywall panels
  • Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
  • Recent developments to understand the competitive market scenario
  • Market trends and outlook, as well as factors driving and restraining the growth of the drywall panels market
  • Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
  • The drywall panels market size at various nodes
  • Detailed overview and segmentation of the market, as well as the drywall panels industry dynamics
  • The drywall panels market size in various regions with promising growth opportunities

Global Drywall Panels Market

Based on type, the drywall panels market is segmented into regular, moisture-resistant, plaster baseboard, paperless, type X, and others. Based on application, the drywall panels market is segmented into residential and non-residential.

Company Profiles

  • Georgia-Pacific LLC
  • American Gypsum Co LLC
  • Yoshino Gypsum Co Ltd
  • Compagnie de Saint Gobain SA
  • Sadaf Gypsum Co
  • Knauf Gips KG
  • Isam Khairi Kabbani Group
  • National Gypsum Co
  • Technomec Building Industries LLC
  • GYPSEMNA Co LLC.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Can you list some of the major players operating in the global drywall panels market?

The major players operating in the drywall panels market are Georgia-Pacific LLC, American Gypsum Co LLC, Yoshino Gypsum Co Ltd, Compagnie de Saint Gobain SA, Sadaf Gypsum Co, Knauf Gips KG, Isam Khairi Kabbani Group, National Gypsum Co, Technomec Building Industries LLC, and GYPSEMNA Co LLC.

In 2022, which region held the largest share of the global drywall panels market?

In 2022, Asia Pacific accounted for the largest share of the global drywall panels market. The demand for drywall panels in Asia Pacific is increasing due to the growing use of drywall panels in residential and non-residential sectors. The growing building & construction industry led to the dominance of Asia Pacific in 2022.

In 2022, which type segment accounted for the largest share in the drywall panels market?

In 2022, the regular segment held the largest market share. Factors such as efficiency, durability, ease of application, maintenance, and flexibility in all forms of ornamentation have made regular gypsum boards a preferable choice for customers. They also offer excellent fire resistance and sound isolation. Regular gypsum boards are also easy to repair, and installation and labor costs for the entire construction system are relatively cheap. These factors led to the dominance of the regular segment in 2022.

Which application segment is expected to register the fastest growth in the drywall panels market?

During the forecast period, the non-residential segment is expected to be the fastest-growing segment. Commercial places such as office buildings, hospitals, shopping malls, movie theatres, colleges and universities, hotels, restaurants, warehouses, and community halls require drywall panel installation during construction to protect the structure from fire, damage, mold, humidity, and extreme weather conditions. The non-residential sector is presumed to gather momentum significantly across the globe due to the increased demand for drywall panels from the hospitality sector, corporate offices, public places, and education facilities. These factors are expected to accelerate the growth of the non-residential segment of the drywall panels market.

Which type segment is expected to account for the fastest growth in the global drywall panels market?

During the forecast period, type X is expected to be the fastest-growing segment. These panels are more difficult to cut and work with than regular drywall panels and are typically used in garages, rooms, and apartment buildings in accordance with several building codes. The majority of Type X drywall has a one-hour fire rating, while some have a fire rating of 30 minutes. The Type X drywall panels absorb sound slightly better than regular drywall and are slightly stronger than the regular 3/8-inch or 1/2-inch drywall panels. These factors are expected to boost the growth of the type X segment in the drywall panels market demand during the forecast period.

What is the key driver for the growth of the global drywall panels market?

Drywall panels are widely used as a substitute for wooden panels and concrete walls in modern buildings and interiors, as they can be installed easily and quickly. Also, they are lightweight, flexible to use, cost-effective, and durable. Drywall panels also consist of recycled content. These panels are available in different colors and varieties, which helps add desirable and luxurious aesthetics to the interiors of a building. Due to all these factors, the use of drywall panels is growing in residential, commercial, industrial, and utility spaces, such as homes, offices, institutions, recreation centers, hotels, hospitals, and restaurants.

The List of Companies - Drywall Panels Market

  1. Georgia-Pacific LLC
  2. American Gypsum Co LLC
  3. Yoshino Gypsum Co Ltd
  4. Compagnie de Saint Gobain SA
  5. Sadaf Gypsum Co
  6. Knauf Gips KG
  7. Isam Khairi Kabbani Group
  8. National Gypsum Co
  9. Technomec Building Industries LLC
  10. GYPSEMNA Co LLC

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Drywall Panels Market