Strong Outlook for Building Boards Market: USD 45 Billion by 2035

The global building boards market was valued at USD 30 billion in 2024 and is projected to grow from USD 31.1 billion in 2025 to USD 45 billion by 2035. This represents a compound annual growth rate (CAGR) of approximately 3.7% during the forecast period (2025–2035).

The building boards market is integral to modern construction, offering cost-effective, durable, and versatile solutions for walls, ceilings, and partitions. Demand is driven by residential and commercial construction, renovation projects, and infrastructure development.

Market Drivers

• Construction Industry Growth: Expanding urban development, especially in Asia-Pacific, supports demand for building boards.
• Preference for Lightweight Materials: Boards offer easy installation and reduced structural load compared to traditional materials.
• Sustainability Trends: Eco-friendly and recyclable boards are gaining traction.
• Fire & Safety Standards: Boards with fire-resistant properties are preferred in commercial and public buildings.

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Segmentation

The market is segmented by material type (gypsum, fiber cement, plywood, MDF), application (walls, ceilings, flooring, partitions), and end-use (residential, commercial, industrial). Gypsum and fiber cement dominate due to fire resistance and moisture protection.

Regional Insights

Asia-Pacific leads growth due to booming residential and commercial construction. North America and Europe focus on high-quality, sustainable boards. MEA and Latin America are emerging markets with increasing urbanization.

Key Companies in the Building Boards Market Include:

• Cemex
• SaintGobain
• Interface Inc
• LafargeHolcim
• GeorgiaPacific
• Minerit
• Sika AG
• Boral Limited
• CertainTeed
• GAF Materials Corporation
• Rockwool International
• James Hardie Industries
• Knauf Gips
• Etex Group
• Nichiha Corporation
• USG Corporation

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Outlook

The market is expected to grow steadily, with emphasis on green construction, modular designs, and high-performance boards.

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