Synthetic Gypsum Market Size Worth USD 2.4 Billion in 2032 | Emergen Research

The global synthetic gypsum market size was USD 1.55 Billion in 2022 and is expected to register a rapid revenue CAGR of 5.2% during the forecast period. The synthetic gypsum market is experiencing significant growth, driven by a combination of factors including rapid advancements in technology and the burgeoning construction industry. A recent market research report highlights the key drivers, trends, and segment insights shaping the market landscape.

Key Market Drivers:

Technological Advancements:

The market has witnessed notable progress in production methods, leading to reduced energy consumption and enhanced environmental performance. Innovations such as nanotechnology, 3D printing, and self-healing gypsum are gaining traction, promising reduced material waste and improved product complexity.

Construction Sector Demand:

With urbanization on the rise, the construction industry is experiencing heightened demand for materials like synthetic gypsum, prized for its consistency, durability, and cost-effectiveness over natural gypsum.

Cost Advantage:

Synthetic gypsum offers a cost advantage over its natural counterpart, owing to lower processing and transportation requirements. Government initiatives promoting sustainable building materials further amplify its attractiveness to construction companies.

Rising Disposable Incomes:

Increasing disposable incomes are driving investments in high-quality building materials, with synthetic gypsum being favored for its fire resistance, soundproofing, and moisture-resistant properties.

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Market Trends:

Technological Advancements:

Notable developments include Saint-Gobain's acquisition of GCP Applied Technologies, reflecting a strategic focus on enhancing environmental sustainability in construction.
Market Restraints:

Availability of Alternatives:

Synthetic gypsum faces competition from various materials such as natural gypsum, cement, lime, and alternative construction materials. The development of new materials further adds to the challenge.

Segment Insights:

1. Synthetic Gypsum Types:

• FGD Gypsum: Dominating the market due to its wide application in agriculture for soil enhancement, FGD gypsum offers cost-effective solutions for farmers seeking to improve crop yields.

• Fluorogypsum: Expected to grow steadily, driven by increasing agricultural production and demand for construction materials with enhanced properties.

2. Synthetic Gypsum Applications:

• Drywall: Leading the market due to rapid construction sector growth, particularly in urban areas. Drywall's cost-effectiveness and fire resistance make it a preferred choice.

• Plaster: Expected to see moderate growth, fueled by renovation projects and the development of self-healing gypsum technology, extending product lifespan.

3. End-Use Segments:

• Agriculture: Holding the largest market share, driven by the demand for soil amendments and sustainable farming practices.

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Synthetic Gypsum Top Companies and Competitive Landscape

The global synthetic gypsum market is fairly fragmented, with many large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing a more effective synthetic gypsum product.

• USG
• Drax Group
• FEECO International
• Saint-Gobain
• PABCO Gypsum
• Georgia-Pacific Building Products
• AMERICAN GYPSUM
• Knauf
• National Gypsum Company
• Holcim

Synthetic Gypsum Latest Industry News

• On 16 October 2023, Beneficial Reuse management announced the acquisition of USA Gypsum. This acquisition of USA Gypsum by BRM presents a strategic opportunity for the company to broaden its gypsum sources . This move also extends BRM's geographic presence, complementing its existing operations that supply gypsum pellets to agricultural and other markets. This acquisition aligns seamlessly with BRM's commitment to providing sustainable solutions for industrial byproduct management, diverting materials from landfills.

• On 12 October 2023, Etex announced an agreement to acquire BGC's gypsum and fiber cement businesses. this acquisition includes BGC's production facilities for wallboard, plaster, compounds, cornice, and the Perth gypsum wallboard plant in Western Australia. This expansion not only reinforces Etex's existing gypsum wallboard offerings but also positions the company well to capitalize on rising demand for fiber cement products. The broader product range and access to new distribution channels enable Etex's to better serve its Australian customers.

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Synthetic Gypsum Market Segment Analysis

For the purpose of this report, Emergen Research has segmented the global synthetic gypsum market on the basis of type, application, end-use, and region:

• Type Outlook (Revenue, USD Billion; 2019-2032)
o Fluorogypsum
o Citrogypsum
o Phosphogypsum
o FGD gypsum
o Others

• Application Outlook (Revenue, USD Billion; 2019-2032)
o Plaster
o Cement
o Drywall
o Soil amendment
o Glass manufacturing
o Others

• End-Use Outlook (Revenue, USD Billion; 2019-2032)
o Construction
o Agriculture
o Chemicals

• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of Middle East & Africa

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