Thailand Gypsum Board Market (2025-2031) | Analysis, Size & Revenue, Forecast, Competitive Landscape, Segmentation, Trends, Growth, Companies, Industry, Value, Share, Outlook

Thailand Gypsum Board Market Highlights

Report Name	Thailand Gypsum Board Market
Forecast period	2025-2031
CAGR	5.2%
Growing Sector	Residential

Topics Covered in the Thailand Gypsum Board Market Report

Thailand 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.

Thailand Gypsum Board Market Synopsis

Thailand Gypsum Board Market has witnessed steady growth in recent years, driven by the expanding construction and real estate sectors. Gypsum boards, known for their versatility and efficient installation process, are widely used in residential, commercial, and industrial construction projects. The demand is further fuelled by the increasing adoption of sustainable and lightweight construction materials. Government initiatives supporting infrastructure development and urbanization contribute significantly to market development. However, the industry faces challenges such as fluctuating raw material costs and competition from alternative building materials. With advancements in technology and a focus on green building solutions, the Thailand gypsum board market is expected to continue its positive trajectory.

According to 6Wresearch, the Thailand Gypsum Board Market is anticipated to grow at a CAGR of 5.2% during the forecast period 2025-2031. This growth is attributed to the increasing demand for cost-effective and energy-efficient construction materials, along with the rising focus on sustainable building practices across the country. The market is expected to witness significant growth in the residential and commercial construction segments, with a growing number of government initiatives promoting affordable housing and urban development. Additionally, technological advancements and the adoption of modern building techniques are expected to drive the demand for gypsum boards in Thailand.

Thailand Gypsum Board Industry is poised for significant growth in the coming years, supported by a robust construction industry and increasing urbanization. The rising demand for residential, commercial, and industrial spaces has accelerated the need for efficient and high-performance building materials. Government initiatives promoting infrastructure development and housing projects are also key drivers propelling market expansion. Furthermore, the adoption of advanced manufacturing technologies and innovations in product offerings continue to create growth opportunities for manufacturers.

However, the market also faces considerable challenges. Fluctuations in raw material prices, particularly gypsum, can affect production costs and overall profitability for businesses. Environmental regulations and compliance requirements may place additional pressure on manufacturers to adopt sustainable practices and reduce carbon footprints. Additionally, competition from alternative building materials and substitutes poses a potential threat to the widespread use of gypsum boards. Addressing these challenges will be crucial for stakeholders to sustain growth and maintain competitiveness in the evolving market landscape.

Thailand Gypsum Board Market Trends

Thailand Gypsum Board Market is experiencing several key trends shaping its growth and development. One notable trend is the increasing awareness and preference for eco-friendly and sustainable building materials. Consumers and developers are prioritizing construction products with minimal environmental impact, driving the adoption of recyclable and energy-efficient gypsum boards. Another emerging trend is the rising integration of gypsum boards in modular and prefabricated construction, which is gaining traction due to its time-saving and cost-effective benefits.

Additionally, ongoing innovation in gypsum board designs, such as moisture-resistant and soundproof variants, is expanding their applications across various segments. The growing popularity of smart and green buildings is further anticipated to fuel demand in the market as Thailand embraces modern and sustainable architectural practices.

Investment Opportunities in the Thailand Gypsum Board Market

The Thailand gypsum board market presents significant investment opportunities driven by multiple factors. The rising demand for residential and commercial construction provides a robust platform for growth as urbanization continues to shape the country's landscape. Investors can tap into expanding segments such as moisture-resistant and fire-resistant gypsum boards, which are witnessing increased adoption due to evolving safety and sustainability standards. Additionally, government incentives and infrastructure development projects offer lucrative prospects for market players looking to establish or expand their operations in Thailand.

Strategic partnerships and collaborations with local distributors or contractors can also provide an edge in penetrating the market effectively. Furthermore, leveraging advanced manufacturing technologies and focusing on sustainable, energy-efficient solutions is likely to attract eco-conscious consumers and meet regulatory requirements. Overall, the market holds substantial potential for forward-thinking investors aiming to contribute to and benefit from Thailand’s thriving construction industry.

Leading Players in the Thailand Gypsum Board Market

Thailand Gypsum Board Market is characterized by the presence of several key players, both domestic and international, who contribute significantly to its growth and innovation. Companies like Saint-Gobain, USG Boral, and Knauf are among the market leaders, offering a range of high-quality and technologically advanced gypsum board products. These players are known for their strong distribution networks, innovative product portfolios, and commitment to sustainability.

In addition to multinational corporations, local manufacturers such as Siam Gypsum Industry also play a vital role in catering to region-specific demands and maintaining competitive pricing. Many of these companies invest heavily in research and development to introduce moisture-resistant, fire-resistant, and eco-friendly solutions that align with the market's evolving needs. Furthermore, strategic collaborations between global and local players help strengthen their market presence and ensure comprehensive product availability throughout Thailand.

The competition in this market drives continuous improvements, fostering a dynamic landscape where quality, innovation, and sustainability remain key focus areas for all players.

Government Regulations

The gypsum board market in Thailand is significantly influenced by government regulations and standards aimed at promoting safety, sustainability, and compliance with environmental goals. Regulatory bodies enforce strict guidelines on the manufacturing and disposal processes to minimize environmental impact, ensuring producers adhere to eco-friendly practices. Additionally, building codes and safety standards mandate the use of fire-resistant and moisture-resistant gypsum boards in certain construction projects, driving demand for higher-quality products. Import and export regulations also play a crucial role, as they can affect the cost and availability of raw materials used in gypsum board production. These regulatory measures not only safeguard the interests of consumers and the environment but also spur innovation within the industry as companies strive to align with evolving standards.

Future Insights of the Thailand Gypsum Board Market

The future of the gypsum board market in Thailand looks promising, driven by a combination of economic growth, urbanization, and the shift towards sustainable construction practices. With increasing investments in infrastructure and residential development, the demand for lightweight, durable, and eco-friendly building materials is expected to rise. Innovations in gypsum board technology, such as enhanced fire resistance, soundproofing capabilities, and moisture protection, will play a pivotal role in meeting the diverse needs of modern construction projects.

Furthermore, the transition to green building certifications and energy-efficient construction will spur the adoption of environmentally friendly gypsum board products. Manufacturers are likely to focus on developing boards with recycled content and reduced carbon footprints to cater to environmentally conscious consumers. Additionally, government policies promoting sustainable urbanization and stricter building codes are anticipated to create new growth opportunities for the industry. By aligning with these trends, companies in the gypsum board market can position themselves as leaders in delivering high-quality and sustainable solutions.

Market Segmentation Analysis 

The report offers a comprehensive study of the subsequent market segments and their leading categories. 

Wallboard to dominate the Market-By Product Type

According to Saurabh, Senior Research Analyst, 6Wresearch, Construction projects today demand materials that are not only cost-effective but also easy to install, reducing labour time and expenses. Wallboard fulfils these requirements through its lightweight design, which simplifies handling and transportation, and its quick installation process, which accelerates construction timelines. Additionally, wallboard's fire-resistant properties make it a safer option compared to alternative materials, particularly in urban developments where fire safety regulations are stringent. These qualities, coupled with its versatility in being used for walls, partitions, and ceilings, make wallboard the preferred choice for contractors and developers across the industry.

Residential to dominate the Market-By Applications

The residential segment is currently dominating the Thailand Gypsum Board Market Share. This is largely due to the rapid urbanization and increasing demand for affordable housing, which drive the need for cost-effective and easily installable construction materials. Gypsum board's versatility, lightweight nature, and ease of handling make it the preferred choice for residential construction projects under tight budgets and timelines. Additionally, the material's ability to provide an aesthetically pleasing finish further enhances its appeal in residential applications, solidifying its position as the leading segment in the market.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024
• Forecast Data until 2031.
• Key Performance Indicators Impacting the market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Thailand Gypsum Board Market Outlook
• Market Size of Thailand Gypsum Board Market, 2024
• Forecast of Thailand Gypsum Board Market, 2031
• Historical Data and Forecast of Thailand Gypsum Board Revenues & Volume for the Period 2021 - 2031
• Thailand Gypsum Board Market Trend Evolution
• Thailand Gypsum Board Market Drivers and Challenges
• Thailand Gypsum Board Price Trends
• Thailand Gypsum Board Porter's Five Forces
• Thailand Gypsum Board Industry Life Cycle
• Historical Data and Forecast of Thailand Gypsum Board Market Revenues & Volume By Product Type for the Period 2021 - 2031
• Historical Data and Forecast of Thailand Gypsum Board Market Revenues & Volume By Wallboard for the Period 2021 - 2031
• Historical Data and Forecast of Thailand Gypsum Board Market Revenues & Volume By Ceiling Board for the Period 2021 - 2031
• Historical Data and Forecast of Thailand Gypsum Board Market Revenues & Volume By Pre-decorated Board for the Period 2021 - 2031
• Historical Data and Forecast of Thailand Gypsum Board Market Revenues & Volume By Others for the Period 2021 - 2031
• Historical Data and Forecast of Thailand Gypsum Board Market Revenues & Volume By Applications for the Period 2021 - 2031
• Historical Data and Forecast of Thailand Gypsum Board Market Revenues & Volume By Pre-Engineered Metal Buildings for the Period 2021 - 2031
• Historical Data and Forecast of Thailand Gypsum Board Market Revenues & Volume By Residential for the Period 2021 - 2031
• Historical Data and Forecast of Thailand Gypsum Board Market Revenues & Volume By Industrial for the Period 2021 - 2031
• Historical Data and Forecast of Thailand Gypsum Board Market Revenues & Volume By Commercial for the Period 2021 - 2031
• Historical Data and Forecast of Thailand Gypsum Board Market Revenues & Volume By Institutional for the Period 2021 - 2031
• Thailand Gypsum Board Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Applications
• Thailand Gypsum Board Top Companies Market Share
• Thailand Gypsum Board Competitive Benchmarking By Technical and Operational Parameters
• Thailand Gypsum Board Company Profiles
• Thailand Gypsum Board Key Strategic Recommendations

Markets Covered

The report provides a detailed analysis of the following market segments:

By Product Type

• Wallboard
• Ceiling Board
• Pre-decorated Board

By Applications

• Pre-Engineered Metal Buildings
• Residential
• Industrial
• Commercial
• Institutional