How big is the drywall market?
According to 6Wresearch internal database and industry insights, the drywall market was valued at approximately USD 55.8 billion in 2024 and is projected to reach USD 87.1 billion by 2031, growing at a CAGR of 6.6% during the forecast period.
This growth is driven by increasing urbanization, rising demand for energy-efficient building materials, and a surge in commercial and residential construction. Drywall cost-effectiveness, fire resistance, and ease of installation make it a preferred choice across new construction and remodeling projects.
Key Growth Factors of the Drywall Market
- Rapid urbanization and population growth driving housing demand
- Growing focus on sustainable and lightweight building materials
- Cost-effectiveness and time-saving benefits of drywall over traditional plaster
- Increase in residential renovation and remodeling activities
- Expansion of commercial infrastructure projects in emerging markets
- Adoption of fire- and moisture-resistant drywall in high-performance buildings
Drywall Market Trends
The market is witnessing a growing preference for eco-friendly and recycled drywall materials to support green building standards. Moisture- and mold-resistant drywall is increasingly used in kitchens and bathrooms. Pre-fabricated drywall panels are gaining popularity due to labor shortages and time constraints in construction. Technological innovations in drywall recycling and lightweight panels are also shaping future product developments, especially in developed countries.
Emerging Developments in the Drywall Market
Companies are developing smart drywall systems with integrated insulation and soundproofing. Modular construction trends are boosting the demand for pre-sized drywall components. R&D investments are focused on improving impact resistance and thermal efficiency. Additionally, automated drywall installation tools are being introduced to increase productivity and reduce labor dependency in large-scale construction projects.
Major Companies in the Drywall Market
- Saint-Gobain
- USG Corporation
- Knauf Gips KG
- Georgia-Pacific LLC
- National Gypsum Company
- Etex Group
How big is the Drywall Market : FAQ's
The drywall market is expected to reach USD 87.1 billion by 2031.
The drywall market is projected to grow at a CAGR of 6.6% during the forecast period.
Residential housing, commercial buildings, and institutional infrastructure are key contributors to market growth.
Common types include standard drywall, fire-resistant, moisture-resistant, soundproof, and mold-resistant drywall.
Challenges include raw material price fluctuations, environmental concerns related to gypsum mining, and disposal of waste drywall.
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