South Korea Gypsum Wallboard Market was valued at USD 3 Billion in 2022 and is projected to reach USD 4.5 Billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030.
The South Korea Gypsum Wallboard Market has witnessed significant growth in recent years, driven by increasing demand from various industries, particularly in construction and interior design. Gypsum wallboards, also known as drywall or plasterboard, are widely used for partition walls, ceilings, and as insulation materials in both residential and commercial buildings. With urbanization and modernization on the rise, this market is expected to continue expanding, fueled by the need for fire-resistant, soundproof, and environmentally friendly building materials.
The primary application of gypsum wallboards in South Korea spans across multiple sectors, including residential, commercial, and industrial construction. In residential spaces, they are predominantly used for interior partitions, ceilings, and as a foundation for finishing products like paint or wallpaper. The growing demand for high-rise buildings in urban areas further accelerates the need for lightweight, durable, and cost-effective materials like gypsum wallboard, which offers superior benefits like quick installation and energy efficiency.
One of the critical factors driving the growth of the gypsum wallboard market is its requirement across various industries. The construction industry demands large quantities of gypsum wallboards for both new buildings and renovations. Additionally, the rise in infrastructural projects, such as schools, hospitals, and commercial complexes, has led to a surge in demand. These industries require wallboards that meet stringent fire safety regulations and sustainability standards, making gypsum wallboards an ideal choice.
The need for improved acoustic insulation has also made gypsum wallboards an essential material in the entertainment, healthcare, and hospitality industries. As noise reduction becomes a key factor in these sectors, gypsum wallboards provide an effective solution. Moreover, industrial applications in factories and warehouses also rely on gypsum wallboard due to its thermal insulation properties.
The South Korean Gypsum Wallboard Market also faces challenges in terms of raw material availability, cost fluctuations, and environmental regulations. However, companies in the market are continually innovating, focusing on producing eco-friendly, fire-resistant, and lightweight products to meet the evolving demands of the industry.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Gypsum Wallboard Market
Regular Gypsum Wallboard
Moisture Resistant Gypsum Wallboard
Fire Resistant Gypsum Wallboard
Soundproof Gypsum Wallboard
Impact Resistant Gypsum Wallboard
Residential
Commercial
Industrial
Institutional
Construction
Energy & Power
Transportation
Others
Thin (up to 5/8 inch)
Standard (5/8 inch to 1 inch)
Thick (over 1 inch)
Standard Gypsum Wallboard
Moisture-Resistant Gypsum Wallboard
Fire-Resistant Gypsum Wallboard
Acoustical Gypsum Wallboard
Impact-Resistant Gypsum Wallboard
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Gypsum Wallboard Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Gypsum Wallboard Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Gypsum Wallboard Market, By Type
6. South Korea Gypsum Wallboard Market, By Application
7. South Korea Gypsum Wallboard Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Gypsum Wallboard Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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