Synthetic Gypsum Market Growth Highlights:
Synthetic gypsum market is expected to witness a CAGR of around 4.5% during the forecast period and is expected to be valued at USD 1.76 by the end of the forecast period.
Synthetic gypsum has several applications areas, such as cement, drywall, glass manufacturing, and soil amendments. Manufacturing of synthetic gypsum enables several positive environmental and economic benefits. The global synthetic gypsum market size is expected to witness sustainable growth during the forecast period owing to the increased demand from the construction industry. Urbanization and growth in the agriculture sector add to the market growth. The market is expected to reach USD 1.76 Billion by the end of the forecast period.
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Key Players
The prominent players in the global synthetic gypsum market share are NATIONAL GYPSUM (US), Knauf Gips KG (Germany), LafargeHolcim (Switzerland), American Gypsum (US), and Georgia-Pacific Gypsum LLC (US). Synthetic Materials (US), PABCO Gypsum (US), Saint-Gobain (France), Gyptec IBÉRICA (Portugal), FEECO International, Inc. (US), and CONTINENTAL BUILDING PRODUCTS (US) are among others.
Asia-Pacific is expected to witness moderate growth in the synthetic gypsum market during the forecast period: MRFR
On the basis of region, the global synthetic gypsum market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Asia-Pacific dominated the global market, followed by North America, and Europe, primarily due to the growth in the construction industry, mainly in China and India. A number of construction projects set to go underway in Asia-Pacific, adds to the Asia-Pacific synthetic gypsum market growth.
FGD gypsum segment, to occupy a large share in the overall synthetic gypsum market.
On the basis of type, the market has been segmented as FGD gypsum, citrogypsum, fluorogypsum, phosphorgypsum, and others. The FGD gypsum segment is expected to have moderate growth during the forecast period. Moreover, FGD gypsum is also used in the agricultural sector as a fertilizer for improving crop productivity and soil amendment.
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The drywall segment is expected to occupy the largest share in the global synthetic gypsum market.
On the basis of application, synthetic gypsum market is segmented as cement, drywall, soil amendment, glass manufacturing, plaster, and others. The drywall segment is expected to witness moderate growth rate during the forecast period. This is attributed to the huge investment inflow into the construction industry due to the rise in population and government support for construction.
Scope of the Report
This study provides an overview of the global synthetic gypsum market growth, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global synthetic gypsum market by type, application, and region.
By Type
FGD Gypsum
Citrogypsum
Fluorogypsum
Phosphogypsum
Others
By Application
Cement
Drywall
Soil Amendment
Glass Manufacturing
Plaster
Others
By Region
North America
Asia-Pacific
Europe
Rest of the World
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