By Product, the gypsum board market is segmented into Pre-decorated Board, Wallboard, and Ceiling Board. The Wallboards product segment accounted for the largest market share of around 47% in 2023 attributed to the increasing adoption of wallboards as a substitute to plaster and lath. Rising demand for sustainable construction is estimated to propel the product demand during the forecast period. Furthermore, continuous innovation in the product is further driving the demand in construction applications.
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