In this blog post, we will delve into the world of statistics pertaining to the gypsum board industry. From production figures to market trends and consumption patterns, we will explore the quantitative insights that drive this essential sector of the construction industry. Stay tuned to gain a deeper understanding of the gypsum board industry through the lens of data and statistics.
The Latest Gypsum Board Industry Statistics Explained
The global gypsum board market size was valued at USD 39.91 billion in 2020.
The statistic indicates that the global gypsum board market generated a total value of USD 39.91 billion in the year 2020. Gypsum board, also known as drywall or plasterboard, is a widely used building material for interior walls and ceilings due to its fire resistance, sound insulation, and ease of installation. The market size value suggests the significant economic impact of gypsum board production and consumption worldwide in 2020. This figure is important for industry stakeholders, investors, and policymakers to understand the size and scope of the market, trends, and potential growth opportunities within the gypsum board sector.
The market is expected to expand at a CAGR of 11.4% from 2021 to 2028.
This statistic indicates that the market is projected to grow at a Compound Annual Growth Rate (CAGR) of 11.4% between the years 2021 and 2028. The CAGR is a measure used to represent the smooth annual growth rate of an investment or market over a specified period of time, assuming the growth happens at a steady rate. In this case, a CAGR of 11.4% suggests that the market is anticipated to experience consistent annual growth at this rate throughout the stated time frame. This projection can be used by investors, businesses, and policymakers to make informed decisions and forecasts based on the expected expansion of the market.
The total U.S. market size for the Gypsum Product Manufacturing Industry was $10.7 billion in 2020.
The statistic indicates that the total market size of the Gypsum Product Manufacturing Industry in the United States was $10.7 billion in 2020. This figure represents the overall revenue generated by companies within this industry through the production and sale of gypsum-based products. A market size of $10.7 billion suggests that there is a substantial demand for gypsum products in various sectors such as construction, agriculture, and manufacturing. This statistic provides valuable insight into the economic significance and scale of the gypsum product manufacturing industry in the U.S., highlighting its contribution to the overall economy and indicating potential opportunities for growth and investment in this sector.
The residential application dominated the market with a share of over 52.0% in 2020.
This statistic indicates that within the market being analyzed, residential applications accounted for more than half (52.0%) of the total market share in 2020, making it the leading sector in terms of usage or sales. This dominance suggests that residential applications were the most prominent or widespread within the market during the specified period, potentially indicating high demand or popularity among consumers. Understanding this market breakdown can provide valuable insights for businesses looking to target specific segments or develop strategies to capitalize on the dominance of residential applications.
North America dominated the market with a revenue share of 34.4% in 2020.
The statistic “North America dominated the market with a revenue share of 34.4% in 2020” indicates that North America held the largest share of total revenue within the market during the specified year. This suggests that businesses operating within the North American region generated a substantial portion (34.4%) of the overall revenue earned by companies in the market. This dominance could be attributed to various factors such as strong economic conditions, high consumer purchasing power, advanced infrastructure, and a competitive business environment. Analyzing the revenue share of different regions provides valuable insights into market trends, competition, and opportunities for businesses looking to expand or optimize their operations.
The global gypsum board market size is projected to reach USD 70.68 billion by 2027.
This statistic indicates that the global gypsum board market is expected to grow significantly and reach a market size of USD 70.68 billion by the year 2027. This projection suggests a strong trajectory of growth for the gypsum board industry, driven by factors such as increasing construction activities worldwide, the rising demand for sustainable and cost-effective building materials, and the growing trend of urbanization. The market expansion implies opportunities for manufacturers and suppliers operating in the gypsum board sector to capitalize on this growth potential, expand their market presence, and cater to the evolving needs of the construction industry.
The industry’s market growth is expected to reach a speed of 6.7% CAGR.
The statistic states that the industry’s market growth is forecasted to achieve a Compound Annual Growth Rate (CAGR) of 6.7%. CAGR is a useful measure for understanding the steady rate of growth over a specific period of time, accounting for compounding effects that may occur year over year. In this context, a 6.7% CAGR indicates that the industry is expected to expand by an average rate of 6.7% annually over the forecasted period. This statistic suggests that the industry is projected to experience consistent and relatively strong growth over the specified timeframe, providing insights into the future trajectory of market expansion within that industry.
India’s gypsum board industry is set to reach $104 million by 2024.
The statistic “India’s gypsum board industry is set to reach $104 million by 2024” indicates the projected value of the industry in terms of revenue by the year 2024. This figure reflects the expected growth and potential of the gypsum board industry in India over the coming years. The $104 million value serves as a target or forecast based on current trends, market analysis, and other relevant factors. It suggests that the industry is expected to expand and generate significant economic activity, highlighting the growing demand for gypsum board products in the Indian market.
The largest category within the U.S. gypsum industry market is drywall, which accounted for around 45% of total value sales in the U.S. in 2020.
The statistic states that within the U.S. gypsum industry market, the largest category in terms of total value sales in 2020 was drywall, representing approximately 45% of the market share. This indicates that drywall, also known as gypsum board or plasterboard, is a significant segment within the gypsum industry in the United States. The high percentage of total value sales attributed to drywall highlights its importance and dominance within the market, suggesting that it is a widely-used product in construction and building projects across the country. This statistic emphasizes the significance of drywall as a key player in the U.S. gypsum industry landscape.
Non-residential applications cover 27% of the total Gypsum board market in 2020.
The statistic “Non-residential applications cover 27% of the total Gypsum board market in 2020” indicates that nearly one-fourth of the demand for Gypsum boards in 2020 was attributed to non-residential uses, such as commercial buildings, industrial facilities, and institutional structures. This suggests that a significant portion of Gypsum board sales were driven by construction projects in non-residential sectors, highlighting the importance of these applications in the overall market. Understanding this distribution of market demand can help Gypsum board manufacturers and suppliers tailor their products and marketing strategies to effectively target the non-residential construction industry.
In the U.K, the gypsum industry recycled 247,000 tons of waste in 2019.
The statistic that the gypsum industry in the U.K recycled 247,000 tons of waste in 2019 indicates a significant effort towards sustainability and environmental responsibility. Recycling such a substantial amount of waste demonstrates a commitment to reducing landfill waste and minimizing the environmental impact of gypsum production processes. This statistic highlights the industry’s progress in circular economy practices, contributing to resource conservation and potentially reducing the need for raw material extraction. It also underscores the potential economic benefits of recycling practices by creating opportunities for cost savings and new revenue streams through the reuse of waste materials. Overall, this statistic reflects positive strides towards a more sustainable and environmentally conscious gypsum industry in the U.K.
In Japan, the gypsum board market was around $1.49 Billion in 2018.
The statistic indicates that the size of the gypsum board market in Japan was approximately $1.49 billion in 2018. This figure represents the total revenue generated from the sale of gypsum boards within the country during that year. The market size can help stakeholders, such as producers, distributors, and investors, understand the scale and potential of the gypsum board industry in Japan. It also serves as a benchmark for measuring future growth or changes in market conditions. Analyzing factors influencing market trends, such as construction activity and regulations, can provide insights into the overall health and outlook of the gypsum board market in Japan.
The European gypsum board market is projected to reach 4.12 billion square meters by 2028.
The statistic indicates that the European gypsum board market is expected to grow significantly, reaching a projected total of 4.12 billion square meters by the year 2028. This projection suggests a strong demand for gypsum boards in the European region, likely driven by factors such as growth in construction and renovation activities. The increase in the projected market size indicates a potential expansion of the gypsum board industry, with manufacturers and suppliers poised to capture a larger market share and cater to the growing demand for gypsum boards in various construction projects across Europe.
The demand in Europe was valued at 8.5 million metric tons in 2020.
The statistic “The demand in Europe was valued at 8.5 million metric tons in 2020” indicates the total amount of a particular product or resource that European consumers sought during the specified year. In this context, the metric ton serves as a unit of measurement to quantify the scale of demand within the region. This information is crucial for businesses, policymakers, and market analysts to understand the market dynamics, assess consumer preferences, and make informed decisions regarding production, distribution, and marketing strategies. By knowing the demand volume, stakeholders can anticipate trends, adjust their supply chains, and optimize their operations to meet the needs and demands of the European market effectively.
Within the Latin America gypsum board market, Brazil is the largest contributor, increasing at a CAGR of 5.8%.
The statistic indicates that within the Latin America gypsum board market, Brazil holds the largest market share and is experiencing growth at a compound annual growth rate (CAGR) of 5.8%. This suggests that Brazil is a key player in the industry, driving the overall market growth in the region. The CAGR of 5.8% highlights a steady and consistent increase in market size over a specified period, reflecting a positive trend in demand for gypsum board products in Brazil. This information is valuable for stakeholders in the gypsum board market, as it signals Brazil’s significant influence and growth potential within the Latin America region.
The Middle East gypsum board market had a volume of nearly 2.5 Billion Sq. Metres in 2020.
The statistic indicates that the volume of gypsum board used in the Middle East region reached approximately 2.5 billion square meters in the year 2020. This figure provides insight into the scale of construction activities and demand for gypsum board products in the Middle East market during that year. The significant volume of gypsum board usage suggests a robust construction industry, with a strong demand for building materials such as gypsum board for various residential, commercial, and infrastructure projects across the region. Understanding the volume of gypsum board consumption can help market players, policymakers, and industry stakeholders make informed decisions regarding manufacturing, distribution, and investment strategies in the Middle East construction sector.
The gypsum board industry in the UAE is anticipated to grow at a compound annual rate of about 6.35% during the forecast period 2021-2026.
The statistic indicates that the gypsum board industry in the UAE is expected to experience steady growth over the forecast period from 2021 to 2026, with a compound annual growth rate (CAGR) of approximately 6.35%. This growth rate suggests a positive trajectory for the industry, implying that the demand for gypsum board products is projected to increase consistently over the next five years. Factors such as construction activities, urbanization, and infrastructure development in the UAE are likely to drive this growth. The CAGR provides a standardized measure that smooths out yearly fluctuations and provides a more accurate representation of the industry’s overall growth rate during the specified period.
The Canadian gypsum board market is expected to increase from $225.1 million in 2021 to $242.3 million by 2025.
The statistic indicates a projected growth in the Canadian gypsum board market over a four-year period, from 2021 to 2025. Specifically, it suggests that the total market value is forecasted to rise from $225.1 million in 2021 to $242.3 million by 2025. This estimated increase of $17.2 million reflects a positive trend in market expansion. Factors such as construction activity, renovation projects, and overall economic conditions may be contributing to this growth trajectory. The projected increase in market value implies potential opportunities for gypsum board manufacturers, suppliers, and other stakeholders within the industry to capitalize on this anticipated growth by aligning their strategies to cater to the evolving market demands.
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