Gypsum Board Market Worth $109.95 Billion By 2028 | CAGR: 11.8%
Gypsum Board Industry Overview The global gypsum board market size is expected to reach USD 109.95 billion by 2028 registering a CAGR of 11.8%, according to a new report by Grand View Research Inc. Increasing utilization of gypsum boards in decorative and partitioning applications in residential constructions is anticipated to drive the market over the forecast period. Rise in the construction industry across the globe is likely to provide growth opportunities to the market. The product demand is also driven by the residential sector, wherein, it is widely used for room partitioning. Gypsum Board Market Segmentation Grand View Research has segmented the global gypsum board market report on the basis of product, application, and region: Based on the Product Insights, the market is segmented into wallboard, ceiling board, pre-decorated board and others Wallboards emerged as the largest product segment in 2020 and accounted for a share of mo...