From 2013 to 2023, the US gypsum product sales market has exhibited overall growth with some fluctuations. The market value in 2023 stood at $6.1874 billion, reflecting a year-on-year increase of 1.7%. In the last two years (2022 and 2023), incremental growth has been observed after a solid recovery in sales in 2021. The Compound Annual Growth Rate (CAGR) over the past five years (2018-2023) is 1.84%. Looking forward from 2024 to 2028, the sector is forecasted to grow at a 5-year CAGR of 1.32%, showing a moderate increase in market value to $6.729 billion by 2028, representing a 6.79% overall growth rate.

Key future trends to watch for:

Technological advancements and sustainable practices in gypsum product manufacturing.
Increasing demand from construction and renovation projects.
Potential impacts of regulatory changes on production and sales dynamics.
Innovation in product offerings aimed at energy efficiency and environmental compliance.