Market Forecast By Product Type (Wallboard, Ceiling Board, Pre-decorated Board, Others), By End-Use (Residential, Corporate, Commercial, Institutional) And Competitive Landscape
Product Code: ETC7566334 | Publication Date: Sep 2024 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Report Name | Indonesia Gypsum Board Market |
Forecast period | 2025-2031 |
CAGR | 5.8% |
Growing Sector | Residential |
Indonesia Gypsum Board Market report thoroughly covers the market by product type and by application channel. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Indonesia Gypsum Board Market has experienced steady growth in recent years, driven by increasing construction activities and urbanization in the country. Gypsum board, commonly known as drywall, is a preferred material in modern construction due to its cost-effectiveness, ease of installation, and fire-resistant properties. The demand is particularly strong in residential and commercial building projects as developers aim to meet the rising housing and infrastructure needs of Indonesia's growing population. Additionally, the push towards sustainable and energy-efficient construction practices has further boosted the adoption of gypsum boards, as they are considered an eco-friendly building material.
According to 6Wresearch, the Indonesia Gypsum Board Market is anticipated to grow at a CAGR of 5.8% during the forecast period 2025-2031. One of the key drivers of market growth is the rapid urbanization in Indonesia, which has led to higher demand for modern housing and infrastructure. Government initiatives to improve public infrastructure, such as transportation networks and educational facilities, are also contributing significantly to the uptake of gypsum boards. Furthermore, the preference for lightweight, durable, and fire-resistant building materials has made gypsum boards a popular choice among architects and developers. The growing awareness and implementation of green building practices are pushing the adoption of gypsum boards, as they align with environmental sustainability objectives. Additionally, the rise in middle-class income levels is fuelling a surge in renovation and remodelling activities, which further supports the Indonesia Gypsum Board Market Growth.
Despite these positive factors, the industry faces notable challenges. Fluctuations in raw material prices, particularly gypsum and additives, can affect production costs and profit margins, creating uncertainty for manufacturers. The availability of alternative construction materials, such as fibre cement boards and plywood, also presents competition and limits market penetration. Furthermore, logistical difficulties in transporting raw materials and finished products to remote regions of the archipelago add to operational challenges. Lastly, the lack of widespread technical knowledge and skilled labour in some areas can impact the quality of gypsum board installations, potentially hindering market growth.
The Indonesia gypsum board market is witnessing several emerging trends that are shaping its future growth. One key trend is the increasing adoption of lightweight construction materials, driven by the demand for faster and more efficient building processes. Gypsum boards, being easy to install and handle, are gaining popularity in both residential and commercial construction projects. Additionally, the trend of green building practices is influencing the market, with developers opting for eco-friendly and recyclable materials like gypsum boards to meet regulatory standards and consumer preferences.
The rise of urbanization and infrastructure development projects across major cities in Indonesia is another significant trend, leading to increased demand for cost-effective and durable construction solutions. Finally, advancements in product innovation, such as moisture-resistant and fire-resistant gypsum boards, are expanding the potential applications of these materials, providing manufacturers with opportunities to cater to diverse market needs.
Indonesia gypsum board market offers a range of promising investment opportunities for both local and international stakeholders. With the growing demand for modern construction solutions, manufacturers can capitalize on the rising adoption of lightweight and efficient building materials. Investors can explore opportunities in the development of advanced gypsum boards that cater to specific market requirements, such as fire-resistance, soundproofing, and moisture control.
Furthermore, the trend of green building practices presents a lucrative avenue for companies to produce and promote sustainable, eco-friendly gypsum boards. Collaborations with developers and contractors working on urbanization and infrastructure projects can also drive significant growth. Additionally, establishing partnerships or expanding manufacturing facilities within Indonesia can help reduce logistical costs and meet localized demand more effectively. With favourable government policies supporting construction and infrastructure development, the Indonesia gypsum board market presents a dynamic and evolving landscape for long-term investment potential.
The Indonesia gypsum board market is characterized by the presence of several key players who continuously strive to meet the growing demand and evolving requirements of the construction industry. Notable companies operating in this space include multinational giants such as PT Siam-Indo Gypsum Industry and Knauf Gypsum Indonesia, which are renowned for their high-quality products and innovative solutions. Additionally, Saint-Gobain and USG Boral are prominent players offering a diverse range of advanced gypsum boards designed for various applications, from residential to commercial and industrial projects. Local manufacturers also contribute significantly to the market, leveraging their proximity to construction hubs and in-depth understanding of regional needs. These companies are actively engaged in expanding their product offerings, improving production efficiency, and fostering innovation to maintain a competitive edge in the dynamic Indonesian market.
Indonesia gypsum board market is subject to various government regulations that aim to ensure quality standards, environmental sustainability, and consumer safety. The Indonesian National Standard (SNI) plays a critical role in establishing baseline specifications for gypsum boards, covering aspects such as strength, fire resistance, and durability. Compliance with these standards is mandatory for manufacturers and importers, ensuring that products meet the required performance criteria.
Additionally, regulations surrounding sustainable construction practices and environmental impact are increasingly influencing the market. Policies promoting the use of eco-friendly materials and reducing carbon footprints have encouraged manufacturers to adopt greener production methods. The government's infrastructure development initiatives further influence the demand and supply dynamics, creating opportunities while emphasizing adherence to regulatory frameworks.
The future of the Indonesia gypsum board market looks promising, driven by increasing urbanization, growing infrastructure projects, and a shift towards sustainable construction practices. With the government's ongoing efforts to boost infrastructure development, including housing, commercial spaces, and public facilities, the demand for high-quality, durable building materials like gypsum boards is expected to grow significantly.
Furthermore, the global emphasis on green building practices is likely to encourage manufacturers to innovate and produce eco-friendly gypsum board solutions that align with sustainability goals. Technological advancements, such as improved manufacturing processes and the development of lightweight, fire-resistant, and moisture-resistant boards, are expected to make gypsum a preferred choice in the construction industry. Additionally, the rise in residential projects due to population growth and the increasing adoption of modern construction styles will further fuel market expansion in the coming years.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Parth, Senior Research Analyst, 6Wresearch, Wallboards are currently dominating the Indonesia Gypsum Board Market. This dominance stems from their widespread application across residential, commercial, and industrial construction projects. Their popularity lies in their versatility, as they provide an efficient and cost-effective solution for creating walls and partitions. Furthermore, wallboards are highly regarded for their superior soundproofing and thermal insulation properties, which are increasingly sought after in modern construction.
The residential segment is currently dominating the market for gypsum boards in Indonesia. This dominance is primarily attributed to the growing urbanization across the country, which has led to an increased demand for affordable and sustainable housing. Gypsum boards provide several advantages that make them ideal for residential applications, such as being cost-effective, lightweight, and highly versatile to meet modern design standards. Additionally, their ability to offer soundproofing, thermal insulation, and quick installation aligns perfectly with the needs of homeowners and developers.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Indonesia Gypsum Board Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Gypsum Board Market Revenues & Volume, 2021 & 2031F |
3.3 Indonesia Gypsum Board Market - Industry Life Cycle |
3.4 Indonesia Gypsum Board Market - Porter's Five Forces |
3.5 Indonesia Gypsum Board Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Indonesia Gypsum Board Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Indonesia Gypsum Board Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Indonesia Gypsum Board Market Trends |
6 Indonesia Gypsum Board Market, By Types |
6.1 Indonesia Gypsum Board Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Gypsum Board Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Indonesia Gypsum Board Market Revenues & Volume, By Wallboard, 2021- 2031F |
6.1.4 Indonesia Gypsum Board Market Revenues & Volume, By Ceiling Board, 2021- 2031F |
6.1.5 Indonesia Gypsum Board Market Revenues & Volume, By Pre-decorated Board, 2021- 2031F |
6.1.6 Indonesia Gypsum Board Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Indonesia Gypsum Board Market, By End-Use |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Gypsum Board Market Revenues & Volume, By Residential, 2021- 2031F |
6.2.3 Indonesia Gypsum Board Market Revenues & Volume, By Corporate, 2021- 2031F |
6.2.4 Indonesia Gypsum Board Market Revenues & Volume, By Commercial, 2021- 2031F |
6.2.5 Indonesia Gypsum Board Market Revenues & Volume, By Institutional, 2021- 2031F |
7 Indonesia Gypsum Board Market Import-Export Trade Statistics |
7.1 Indonesia Gypsum Board Market Export to Major Countries |
7.2 Indonesia Gypsum Board Market Imports from Major Countries |
8 Indonesia Gypsum Board Market Key Performance Indicators |
9 Indonesia Gypsum Board Market - Opportunity Assessment |
9.1 Indonesia Gypsum Board Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Indonesia Gypsum Board Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Indonesia Gypsum Board Market - Competitive Landscape |
10.1 Indonesia Gypsum Board Market Revenue Share, By Companies, 2024 |
10.2 Indonesia Gypsum Board Market Competitive Benchmarking, By Operating and Technical Parameters |