The global Gypsum Market is estimated to attain a value of USD 7.85 billion in 2023. The gypsum mineral market may have progressed substantially by 6.2% CAGR by 2033, reaching USD 13.76 billion.
Growing organic gypsum demand in the building industry has attracted the attention of a developing market for several applications, which is one of the main factors fueling the growth of the gypsum mineral market.
The building industry in the modern economy is flourishing, which has created a wide range of opportunities for global gypsum powder market growth.
The production of calcium sulfate has increased recently, and it contributes between 2% and 3% to the production of gypsum minerals. Gypsum consumption is set to rise following growing demand for building materials such as drywall, plasterboard, cement, and others. 11.5% of the world's construction chemicals market is made up of gypsum sales.
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The natural gypsum market, which is primarily subject to expansion with the rising demand for building materials, may be the subject of a thorough comparison and review analysis by Future Markets Insights.
Several demographic, economic, and industrial variables, such as urbanization, the expansion of the mining industry, the growth of the infrastructure and building industries, and others, have had a significant impact on the market.
The global expansion of residential, commercial, and institutional constructions is a driver of the gypsum powder market. FMI has examined current market growth prospects in comparison to past growth forecasts.
The demand for natural gypsum has increased across a range of end-use sectors, and it may soon surpass the synthetic gypsum demand, according to product type. Global mining data predict that China may dominate the production of gypsum. The growth of residential construction and development in developing nations is supporting the gypsum mineral market.
Leading companies concentrate on purchasing new gypsum manufacturing facilities while conducting research and development to maintain their market advantage. Star players are concentrating on growth tactics to broaden their clientele and raise their yearly revenue.
From 2017 and 2021, the organic gypsum demand increased at a CAGR of 5.8%, according to FMI. Synthetic gypsum sales have historically performed admirably. Notwithstanding the many economic obstacles that each sector of the economy experienced, gypsum sales increased at a respectable CAGR.
Gypsum boards and drywall have come a long way in a short time; going from nothing to one of the frequently used building materials worldwide for residential construction. The industry has grown significantly due to the trend toward interior design that gives interiors a premium and beautiful appearance.
Gypsum is in skyrocketing organic gypsum demand, and the market has grown increasingly diverse. Synthetic calcium sulfate dihydrate is available in a variety of specifications to meet the needs of various end-use industries.
Among the top consumer industries for synthetic gypsum, food additive, cement production, and plant growth promoters are a few examples. Huge demand for synthetic gypsum is being generated by such industries. With an average growth rate of 6.2% from 2023 to 2033, it is projected that expansion in these industries may increase worldwide consumption.
| Attributes | Details |
|---|---|
| Gypsum Market HCAGR (2018 to 2022) | 5.8% |
| Gypsum Market CAGR (2023 to 2033) | 6.2% |
| Gypsum Market Size (2023) | USD 7.85 billion |
| Gypsum Market Size (2033) | USD 13.76 billion |
| Global Market Absolute Dollar Growth (USD million/billion) | USD 5.9 billion |
Principal Consultant
Increased Usage of Synthetic Gypsum Materials in House Interiors to Strengthen Market Growth
Contemporary technology has raised construction design to the level of an art form. From innovative ceiling designs to simple wall decor, this flexible material is an excellent addition to any interior designer's toolset.
Synthetic gypsum is an energy-efficient mineral that can be used to insulate rooms and reduce energy consumption in homes, making it an excellent choice for use in interior design. It effectively conceals exposed wiring without seeming big or out of place. The material's capacity to absorb sound makes it perfect for dwellings in congested areas. Gypsum is becoming more and more popular at astounding rates.
The home interior and decorative industry offers substantial growth potential for the gypsum manufacturers operating in the market over the forecast period as a result of this commercial adoption.
Gypsum Sales Growth Powered by Progressively Widening Construction Industry
The building and construction sector is the primary synthetic gypsum industry. Gypsum has diverse applications, and the tremendous organic gypsum demand it generates from the construction industry makes it dependent on the expansion of that industry. Cement production, plaster production, drywall production, and interior design are some common applications.
In recent years, the construction industry has seen significant growth potential. Residential building construction has been a key contributor to industrial expansion. Many applications of gypsum in the construction industry, particularly in the residential sector accelerate market expansion throughout the forecast period.
Price Fluctuations for Raw Materials
The fluctuation in raw material prices brought on by higher import taxes may hinder the expansion of the gypsum powder market.
Issues with the Installation
There are a few obstacles to the growth of the global gypsum board market, such as high levels of moisture exposure and rising temperatures, which cause product deterioration and complicate the installation process in places like kitchens and bathrooms. This aspect may provide the gypsum powder market with significant obstacles.
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| Attributes | Details |
|---|---|
| Top Product Type | Natural |
| CAGR % 2017 to 2022 | 5.0% |
| CAGR % 2023 to End of Forecast (2033) | 5.8% |
Natural Gypsum Adoption may Set a Record High
Natural gypsum is predicted to dominate the gypsum mineral market in terms of product type. According to FMI, sales of natural gypsum may expand by 5.8% annually in 2023.
While synthetic gypsum has gained ground during the historical assessment period of 2023 to 2033 as a result of rising demand for customized gypsum products, the natural gypsum segment is anticipated to gain more market share over the projection period due to growing consumption in various end-use industries.
| Attributes | Details |
|---|---|
| Top End Use | Cement |
| CAGR % 2017 to 2022 | 5.8% |
| CAGR % 2023 to End of Forecast(2033) | 6.2% |
Gypsum's Growing Use in Cement Production is Going to boost Demand
Throughout the projection period, gypsum consumption is anticipated to increase at a CAGR of 6.2%. Gypsum powder is used in a variety of end-use sectors, with drywall, cement, and plaster seeing the maximum use.
The construction sector is the primary indicator used to forecast the economic health of the gypsum industry. The market size of the construction sector affects how much organic gypsum demand there is for goods made of gypsum.
| Country | United States |
|---|---|
| HCAGR (2018 to 2022 | 3.3% |
| CAGR (2023 to 2033) | 3.5% |
| Country | Germany |
|---|---|
| HCAGR (2018 to 2022 | 3.3% |
| CAGR (2023 to 2033) | 3.5% |
| Country | France |
|---|---|
| HCAGR (2018 to 2022 | 2.2% |
| CAGR (2023 to 2033) | 2.4% |
| Country | China |
|---|---|
| HCAGR (2018 to 2022 | 4.0% |
| CAGR (2023 to 2033) | 4.1% |
| Country | Japan |
|---|---|
| HCAGR (2018 to 2022 | 2.9% |
| CAGR (2023 to 2033) | 3.1% |
| Attributes | Details |
|---|---|
| United States Market Size (USD million/billion) by End of Forecast Period(2033) | USD 1,047.3 million |
| United States Market Absolute Dollar Growth (USD million/billion) | USD 445.7 million |
Gypsum Use for Drywall Manufacturing in the United States to Fuel Growth
Gypsum demand in the United States is anticipated to reach 50 million tonnes in 2023, up 3.5% from the previous year. Behind China, the United States is the second-leading producer of gypsum.
It is a key trader of gypsum and its by-products due to the rising demand for drywall and plasterboards from the building and construction industry in the United States. Throughout the assessment period, increasing Plaster of Paris used in the interior decoration industry is anticipated to increase gypsum sales.
| Attributes | China |
|---|---|
| Market Size (USD million/billion) by End of Forecast Period(2033) | USD 1,698.3 million |
| Market Absolute Dollar Growth (USD million/billion) | USD 810.4 million |
| Attributes | Japan |
|---|---|
| Market Size (USD million/billion) by End of Forecast Period(2033) | USD 416.8 million |
| Market Absolute Dollar Growth (USD million/billion) | USD 179.6 million |
Plasterboard is going to appear frequently in China's Residential Sector, Accelerating the Demand
Gypsum consumption in East Asia is predicted to account for roughly 78% of global consumption in 2023, with China continuing to play a significant role as both a producer and consumer. China is a prosperous market for gypsum manufacturers thanks to the extraordinary presence of end customers there.
China is predicted to produce the most CaSO4, followed by the United States, Iran, and Turkey, based on statistics from global mining.
The demand for construction materials is being fueled by the nation's construction industry, which has been expanding steadily. Gypsum is becoming more and more popular since it is a key component in the creation of several essential construction products, including cement, gypsum board, plasterboard, gypsum plaster, Plaster of Paris, and many more.
India's High Demand for Gypsum Plaster may Stimulate Growth
Gypsum sales are set to rise at a 7% CAGR over the assessment period as a result of the continued expansion in India's building and construction industry.
Gypsum demand is being boosted by rising residential construction and development across India's metropolitan centers. In addition, a steady increase in cement production is anticipated to promote gypsum mineral market expansion.
| Attributes | Germany |
|---|---|
| Market Size (USD million/billion) by End of Forecast Period(2033) | USD 162.3 million |
| Market Absolute Dollar Growth (USD million/billion) | USD 72.5 million |
| Attributes | France |
|---|---|
| Market Size (USD million/billion) by End of Forecast Period(2033) | USD 218.4 million |
| Market Absolute Dollar Growth (USD million/billion) | USD 95.3 million |
Gypsum sales in Europe were valued at USD 537.99 million in 2020, and it is anticipated that they can increase to USD 876.34 million by 2033, thriving at a CAGR of 5.0% from 2023 to 2033.
Plaster of Paris and ornamental panels are both made with gypsum. Sculptures, buildings, and decorative panels are all made with plaster of Paris. Gypsum demand has increased as a result of the high demand for these goods.
Reforms and regulations are being implemented by European nations to build and improve their infrastructure, which is fueling the expansion of the real estate and infrastructure sectors. As a result, the demand for gypsum in Europe rises as long as the construction industry is supported in its expansion.
Leading gypsum manufacturers are concentrating on growth by building new gypsum production facilities through mergers, acquisitions, and partnerships. To maintain a competitive edge in the market, they are making investments in research and development.
Leading gypsum manufacturers are focusing on expansion by developing new plants that can allow them to enhance their production capacity and obtain access to new distribution networks, which can boost their client base.
Recent Development:
Acquisition
| Date | September 2021 |
|---|---|
| Company | Saint-Gobain |
| Details | Saint-Gobain reported that it had finalized the acquisition of Chryso, a significant global player in the construction chemicals industry due to its comprehensive additives solutions for sustainable construction, as announced on May 20, 2021. This purchase, which is ideally aligned with Saint-ambition Gobain's to position itself as a global leader in sustainable building, allows the Company to strengthen its footprint in the expanding construction chemicals industry while benefiting from cost and sales synergies. |
| Date | August 2021 |
|---|---|
| Company | Arcosa Specialty Materials |
| Details | Arcosa Specialty Materials announced the acquisition of Southwest Rock Products. This acquisition assists the company in expanding its construction product offering. |
Expansion
| Date | March 2020 |
|---|---|
| Company | Knauf AG |
| Details | Accordingly, Knauf AG announced plans for a second gypsum wallboard production facility in Bukhara, Bukhara region. Also, the plans call for investing USD 2.4 million in a second gypsum mixture line at the company's Bukharagips factory. |
The global market is expected to progress at 6.2% CAGR until 2033.
The overall market is projected to reach around USD 13.76 billion by 2033.
The natural gypsum sales are poised to remain lucrative with 5.8% CAGR till 2033.
China dominates the Asia Pacific market and is projected to advance at 4.1% CAGR through 2033.
The construction sector constitutes the leading segment with 6.2% CAGR till 2033.
1. Executive Summary | Gypsum Market 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 6. Pricing Analysis 7. Global Market Demand (in Value or Size in USD Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 8. Market Background 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 9.1. Natural 9.2. Synthetic 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 10.1. Cement 10.2. Drywalls 10.3. Plaster 10.4. Soil Amendment 10.5. Blocks 10.6. Others 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 11.1. North America 11.2. Latin America 11.3. Europe 11.4. East Asia 11.5. South Asia & Pacific 11.6. Middle East & Africa 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. South Asia & Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. Middle East and Africa (MEA) Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. Key and Emerging Countries Market Analysis 19. Market Structure Analysis 20. Competition Analysis 20.1. LafargeHolcim Ltd 20.2. Arcosa Specialty Materials 20.3. Compagnie de Saint-Gobain SA 20.4. Knauf AG 20.5. Georgia-Pacific 20.6. Yoshino Co., Ltd. 20.7. Global Mining Company (GMC) 20.8. Jonoub Gypsum 20.9. Zawawi Minerals Co. 20.10. Rajasthan State Mines & Minerals Limited 20.11. FCI Aravali and Minerals India Limited 20.12. Al Jood Natural Resources L.L.C. 20.13. American Gypsum 20.14. Gypsco 20.15. Plus Mines Ltd. Vinayak & Interiors Pvt. Ltd. 20.16. Gypsona 20.17. Boero USA, Inc. 21. Assumptions and Acronyms Used 22. Research Methodology
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