The Latin America, Middle East and Africa Gypsum Board Market would witness market growth of 11.0% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 5244.4 million units (PER SQ FT), showcasing a growth of 12.6% (2023-2030).
Artists and designers use gypsum boards as a canvas for creating intricate wall sculptures, reliefs, and artistic installations. The smooth and uniform surface of gypsum boards allows for detailed artwork, making them a unique medium for creative expression within architectural spaces. Gypsum boards are integral to demountable partition systems in commercial spaces. These systems allow flexible and easily reconfigurable office layouts, adapting to changing business needs without extensive demolition and reconstruction.
In healthcare settings, gypsum boards create hygienic and easily maintainable surfaces. The smooth and washable nature of gypsum boards contributes to constructing clean and sterile environments in hospitals and medical facilities. Gypsum boards find application in the construction of retail spaces, creating visually appealing interiors. They are used for storefronts, interior walls, and other elements that improve the overall aesthetics of retail environments. The report has considered the fire-resistant Type-X boards for the estimation of the market. As the new installations of gypsum board requires the board to be extra fire-resistant, Type-X boards come with these features additional known for its finishing and asthetics appeal.
According to the International Trade Administration and industry experts, the value of the UAE’s construction industry is projected to increase by between 3.7% and 4.7% over the next five years. The nation’s development agenda will promote growth cantered on expanding its industrial, travel, and energy infrastructure. Thus, due to these aspects, the gypsum board market will expand across the LAMEA region in upcoming years.
The Brazil market dominated the LAMEA Gypsum Board Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,096.7 Million by 2030. The Argentina market is showcasing a CAGR of 11.9% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 10.7% during (2023 - 2030).
Free Valuable Insights: The Worldwide Gypsum Board Market is Projected to reach USD 98.7 Billion by 2030, at a CAGR of 9.6%
Based on Application, the market is segmented into Residential, Institutional, Commercial, Industrial and Pre-engineered Metal Buildings. Based on Product, the market is segmented into Wallboard, Ceiling Board, Pre-decorated Board and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Application (Volume, Million Units (PER SQ FT), USD Billion, 2019-2030)
By Product (Volume, Million Units (PER SQ FT), USD Billion, 2019-2030)
By Country (Volume, Million Units (PER SQ FT), USD Billion, 2019-2030)
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