by Corinne Gangloff
March 11, 2024
China forecast to account for nearly half of increased global drywall output between 2022 and 2027
Cleveland OH, March 11, 2024 – According to a new study by The Freedonia Group, Global Drywall, worldwide production of drywall totaled 11.1 billion square meters in 2022. Generally, countries with large drywall markets are also the largest producers; this includes China, the US, Japan, South Korea, Russia, Germany, Canada, and the UK. These eight countries were collectively responsible for over 70% of global output in 2022, and each had drywall production exceeding 270 million square meters in that year.
Recent drywall capacity changes have been relativity minimal. Many producers in North America and Western Europe have excess capacity that dates back to the global construction downturn in the early 2010s. In low-income countries, overexpansion during the 2010s also inflated capacity.
However, fast-growing drywall markets in Asia/Pacific have precipitated recent capacity expansions, including Saint-Gobain in China and India and Knauf in Uzbekistan. Additionally, the rebounding US construction market led Certain Teed (Saint-Gobain North America) to expand facilities in Florida.
Through 2027, global drywall production is projected to expand 1.8% annually to 12.2 billion square meters. China is forecast to post strong production growth during this time, and it will be responsible for nearly half of increased global drywall output between 2022 and 2027. Central and South America and Africa/Mideast are also forecast to post above average growth in drywall production.
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