Gypsum Board: Market Size & Forecast 2026

The global gypsum board market sits at approximately USD 47.0 billion in 2025 (base year), growing at roughly 5.06 percent CAGR through 2032 to reach an estimated USD 66.3 billion. The category is held in a supply structure where six producers control the majority of global capacity, feedstock costs are rising on energy-intensity, and regulatory pressure is compounding across product specification, carbon reporting, and trade defence. Standard 1/2-inch wallboard dominates at 55 percent of product mix, while fire-resistant and moisture-resistant grades together command 32 percent and carry the highest specification barriers to entry. > **Analyst Take.** The consensus 5.1 percent CAGR is directionally right but overstates the structural growth story. Roughly one percentage point of the headline CAGR comes from repair-and-remodel replacement demand, which is weather and rate-cycle driven, n

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