From 2013 to 2023, the gypsum building materials market in the US saw varied growth. In 2013, sales were at $3.5106 billion and grew steadily, hitting $5.3067 billion by 2023. The year-on-year variation over recent years showed modest increases: 7.42% in 2021, 1.97% in 2022, and 1.89% in 2023. The CAGR over the last 5 years averaged 2.06%. Notably, the market saw sharper growth in earlier years, tapering off into more consistent but modest increments.
Future forecasts from 2024 to 2028 project a growth in sales to $5.8215 billion by 2028, with a forecasted 5-year CAGR of 1.46% indicating continued, albeit slower growth. Expected trends include:
• Persistent but slow growth as the market stabilizes.
• Emerging green building technologies requiring innovative gypsum products.
• Potential increases in renovation activities impacting sales positively.
