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

Vietnam Gypsum Board Market Highlights

Topics Covered in the Vietnam Gypsum Board Market Report

Vietnam 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.

Vietnam Gypsum Board Market Synopsis

The Vietnam gypsum board market is growing rapidly, driven by urbanization, expanding construction, and government infrastructure investments. Increased demand for sustainable building materials and foreign direct investment (FDI) in real estate are further boosting the market. Key challenges include volatile raw material prices and competition from alternative materials like plywood and fibre-cement boards. The market is segmented by types, such as standard, fire-resistant, and moisture-resistant gypsum boards, and is used across residential, commercial, and industrial applications.

According to 6Wresearch, the Vietnam Gypsum Board Market is anticipated to grow at a CAGR of 5.8% during the forecast period 2025-2031.  The Vietnam gypsum board market is experiencing strong growth, primarily driven by rapid urbanization and a booming construction industry. As the population increases and cities expand, the demand for residential and commercial spaces is rising, leading to higher consumption of gypsum boards for partitioning, ceilings, and wall linings. Government investments in infrastructure development, such as roads, airports, and affordable housing projects, are further contributing to Vietnam Gypsum Board Market Growth. Additionally, the growing focus on sustainable building materials is driving the adoption of gypsum boards due to their eco-friendly nature, recyclability, and lower carbon footprint compared to traditional materials. The rise in foreign direct investment (FDI) in real estate, especially from countries like Japan and South Korea, also supports this growth by increasing demand for high-quality construction materials.

The Vietnam gypsum board market faces several challenges that could hinder its growth. One of the primary obstacles is the volatility in raw material prices, particularly gypsum, which can lead to fluctuating production costs and impact profit margins for manufacturers. Additionally, the market faces stiff competition from alternative building materials such as fiber-cement boards, plywood, and other wall cladding solutions, which may offer cost or performance advantages in certain applications. Furthermore, while demand is growing, the lack of skilled labor in some regions can slow down the adoption of advanced construction materials like gypsum boards. The sector is also sensitive to economic conditions and government policies, meaning any slowdown in infrastructure projects or real estate development could adversely affect the market. Despite these challenges, the market continues to grow due to increasing urbanization and demand for modern construction solutions.

Vietnam Gypsum Board Market Trends

Vietnam gypsum board market is witnessing several notable trends that are shaping its growth. One key trend is the increasing adoption of sustainable and eco-friendly building materials, as both consumers and the construction industry shift towards greener practices. Gypsum boards, known for their recyclability and lower environmental impact, are becoming more popular in line with this trend. Another significant trend is the rising demand for lightweight, fire-resistant, and moisture-resistant gypsum boards, particularly in high-rise buildings, commercial spaces, and areas prone to humidity.

Additionally, the growing influence of advanced construction technologies, such as prefabricated building systems, is driving the use of gypsum boards due to their ease of installation and versatility. The expansion of urban infrastructure and residential development projects, supported by government initiatives and foreign investment, further fuels demand. Lastly, there is an increasing preference for aesthetic and acoustic solutions, where gypsum boards are used not only for functional purposes but also for enhancing the look and sound insulation of interiors.

Investment Opportunities in the Vietnam Gypsum Board Market

The Vietnam gypsum board market presents several investment opportunities, driven by the country's rapid urbanization and growing construction sector. One key opportunity lies in manufacturing and production, particularly for local and international investors seeking to establish gypsum board production facilities to meet the rising demand. As the construction industry booms, there is also potential for innovative product development, such as fire-resistant, moisture-resistant, and acoustic-enhancing gypsum boards, which are increasingly sought after in residential, commercial, and high-rise building projects.

Green building materials are another significant area for investment, as there is a growing preference for eco-friendly and sustainable solutions, with gypsum boards offering a lower environmental impact compared to traditional construction materials. Furthermore, distribution and supply chain development presents an opportunity, especially in underserved regions, where greater access to high-quality gypsum boards is needed. With the ongoing expansion of infrastructure projects, housing developments, and real estate, there is ample scope for investment in the market’s growth across various segments.

Leading Players in the Vietnam Gypsum Board Market

The Vietnam gypsum board market is dominated by several key players, both local and international, who have established a strong presence in the region. Vinh Tuong Gypsum Board, a leading local manufacturer, is one of the largest producers in Vietnam, offering a wide range of products including standard and specialized boards like fire-resistant and moisture-resistant varieties. Saint-Gobain Vietnam, a global leader in building materials, supplies high-quality gypsum boards under the Gyproc brand, renowned for its fire safety, sound insulation, and sustainability features. Another prominent player is Knauf Vietnam, an international company known for its innovative gypsum board products that cater to various needs such as fire resistance and soundproofing.

USG Boral Vietnam, a joint venture between USG Corporation and Boral Limited, offers premium gypsum boards under the Sheetrock and Boral brands, targeting the residential, commercial, and industrial sectors. Additionally, Thai Gypsum Products, a subsidiary of the Siam Cement Group (SCG), produces Gyproc branded boards and is recognized for its quality and strong distribution network. These companies are leading the market with their diverse product offerings, innovation, and robust distribution channels, meeting the growing demand for gypsum boards in Vietnam's expanding construction sector.

Government Regulations

The Vietnam gypsum board market operates under various government regulations aimed at ensuring product quality, environmental sustainability, and safety in construction. The government enforces building codes and standards that specify the requirements for materials like gypsum boards, particularly in fire-resistant and moisture-resistant applications. The Ministry of Construction (MOC) plays a pivotal role in setting regulations for construction materials, including gypsum boards, to ensure they meet safety and durability standards. Additionally, Vietnam has increasingly adopted green building standards that promote the use of environmentally friendly materials, encouraging manufacturers to produce sustainable and recyclable products.

The Vietnam Green Building Council (VGBC) has established guidelines that encourage the use of low-impact construction materials, which has influenced the demand for eco-friendly gypsum boards. The government also imposes regulations on the import and export of raw materials, ensuring that quality standards are maintained. Furthermore, to address health and safety concerns, regulations on the use of chemicals in construction materials, including gypsum boards, are in place to protect both workers and residents from harmful exposure. These regulations help maintain industry standards while fostering growth in the gypsum board market in Vietnam.

Future Insights of the Vietnam Gypsum Board Market

The Vietnam gypsum board market is poised for continued growth in the coming years, driven by ongoing urbanization, infrastructure development, and a strong demand for sustainable construction materials. As the construction industry expands, particularly in residential, commercial, and high-rise sectors, the demand for advanced gypsum boards that offer fire resistance, moisture control, and soundproofing is expected to rise. With a growing focus on green building practices, there will be an increasing preference for eco-friendly and recyclable materials like gypsum boards, aligning with the global trend towards sustainability.

Market Segmentation Analysis 

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

Wallboard segment to Dominate the Market-By Product Type

According to Kapil, Senior Research Analyst, 6Wresearch, the wallboard segment is dominating the Vietnam gypsum board market share. This dominance is primarily due to the high demand for partitioning, internal wall construction, and interior finishes in both residential and commercial buildings. As urbanization increases and the construction sector expands, particularly with the rise in multi-story buildings, wallboards are widely used for their lightweight, cost-effective, and easy-to-install characteristics.

Residential to dominate the Market-By Applications

The residential segment is experiencing the most significant growth in the Vietnam gypsum board market. This growth is largely driven by the rapid urbanization, population expansion, and government initiatives aimed at promoting affordable housing and residential development. As urban areas continue to grow, there is an increasing demand for new housing, apartments, and condominiums, all of which require gypsum boards for partition walls, ceilings, and interior finishes.

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:

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