Gypsum Market Size, Share, Growth & Industry Trends [2031]
Gypsum Market Size, Share, Growth & Industry Trends [2031]
Segments - Gypsum Market by Type (Synthetic [FGD gypsum, Fluorogypsum, Citrogypsum, and Phoshogypsum] and Natural [Selenite, Gypsite, Rock Gypsum, Alabaster, and Satin Spar]), Application (Agriculture, Drywalls, Plaster, Cement, Gypsum Blocks, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :MC-5812
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Report Description
Gypsum Market Outlook 2031
The global Gypsum Market size was USD 7.3 Billion in 2022 and is likely to reach USD 12.55 Billion by 2031, expanding at a CAGR of 6.2% during 2023–2031. The market is propelled by rising demand for gypsum from the construction industry.
Rising construction activities worldwide are majorly driving the demand for gypsum. Manufacturing of different building materials including cement, plasterboard, and drywall requires gypsum. The rapidly flourishing construction industry, owing to a boom in urbanization and real estate buying is set to benefit the market. In addition, the use of gypsum in agriculture to improve soil structure is expected to support market growth, due to the increasing adoption of soil treatments for improving production.
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According to the U.S. Geological Survey, Mineral Commodity Summaries, January 2023, the crude Gypsum’s domestic production was estimated to be worth about USD 250 million and production volume to be 21 million tons in 2022. Its domestic consumption was majorly in the production of cement, manufacture of plaster, and wallboard products, which reached 42 million tons, up by 3% from 2021.
The research report finds that the COVID-19 pandemic affected the gypsum market, owing to a decline in demand from major end-user industries. The construction industry globally faced significant hurdles, owing to lockdown and workforce shortage. The trade activities witnessed a downfall, owing to supply chain restrictions. However, post the normalization of the COVID-19 pandemic, the building constructions are surging at a rapid pace, thereby, aiding the market in recovery.
Impact of Artificial Intelligence (AI) on Gypsum Market
AI advancements are anticipated to have a considerable impact on the gypsum market. This technology is helping the mining industry to optimize several procedures, improve safety, and enhance accuracy in the exploration of minerals. AI tools are likely to be implemented by market players in production, supply chain, and customer relationship operations. This is expected to speed up production and supply chain while eliminating errors and resource loss. Gypsum’s major end-users, the construction industry and building material suppliers, are exploring ways to use AI to improve sustainability. This is set to create opportunities in the market.
Gypsum Market Dynamics
Major Drivers
Increasing demand from the construction industry is likely to be the major driving factor of the market. Building materials made with gypsum such as cement, plasterboard, drywall, and others are major components in modern construction activities. In recent years, building activities have grown at an exponential pace all over the world, owing to increasing demand for residential and commercial real estate. This, in turn, is expected to boost the gypsum material demand from the construction industry.
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According to the recently published study by Oxford Economics, globally, construction work done is likely to reach USD 13.9 trillion in 2037 from USD 9.7 trillion in 2022, a growth of USD 4.2 trillion, during the next 15 years. This growth is mainly driven by China, India, and the US, with increasing construction activities.
Rising use in the agriculture sector is another key driver of the market. Gypsum is beneficial for plant growth, as it supplies Sulphur and calcium, which enhances crop production. The mineral is further used to improve soil structure. Gypsum addition to the soil helps reduce soil erosion, as it improves its ability to soak the water post precipitation. Its application enhances soil’s water percolation and aeration. The increasing awareness about the need for time-to-time soil treatment, to better its quality, is expected to propel the Gypsum demand from the farming sector.
Existing Restraints
Volatility in the raw material prices is expected to hinder the gypsum market. The cost variation is mainly owing to tariffs on imports, geographical demand, stock availability, and other outside factors. The cost fluctuations are also dependent on changes occurring in the construction industry demands. Complexities in the installation of gypsum boards are likely to limit the market. Gypsum block installation is difficult on curved surfaces. Also, the durability of the board is affected by water exposure and other atmospheric factors.
Emerging Opportunities
Growing consumer preference for sophisticated construction materials is likely to increase opportunities in the market. The rise of disposable income and changing lifestyles has propelled demand for homes and commercial spaces with aesthetically pleasing interior designs. Building gypsum is widely used in partition projects and ceilings as a building decorative material. Moreover, the growing use of Gypsum in gardening is likely to increase opportunities in the market. It can be used in flower or vegetable gardens and around trees and shrubs to break highly compacted clay soils, making it more porous and water-absorbent.
Scope of the Gypsum Market Report
The global market research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Gypsum Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Type (Synthetic [FGD gypsum, Fluorogypsum, Citrogypsum, and Phoshogypsum] and Natural [Selenite, Gypsite, Rock Gypsum, Alabaster, and Satin Spar]), and Application (Agriculture, Drywalls, Plaster, Cement, Gypsum Blocks, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Al Jood Natural Resources L.L.C.; American Gypsum Company, LLC.; Arcosa, Inc.; Boero USA, Inc.; FCI Aravali Gypsum and Minerals India Limited(FAGMIL); Georgia Pacific; Global Mining company; GYPSCO; HOLCIM; JONOUB GYPSUM; Knauf Digital GmbH; Mada Gypsum Company; Osman Group; Rajasthan State Mines; Saint Gobain; Vinayak Gypsum & Interiors Pvt. Ltd.; YOSHINO GYPSUM CO.,LTD; and Zawawi Group. |
Market Segment Insights
Type Analysis
Based on type, the gypsum market is bifurcated into synthetic and natural. The synthetic segment is subdivided into FGD gypsum, Fluorogypsum, Citrogypsum, and Phoshogypsum. The natural segment is fragmented into Selenite, Gypsite, Rock Gypsum, Alabaster, and Satin Spar. The synthetic segment is expected to expand at a significant growth rate during the projection period, owing to its high preference and increasing adoption of sustainability measures in the construction industry. Synthetic gypsum is environmentally friendly as it reduces dependence on mining, which affects nature. One of the most used synthetic types, flue-gas-desulfurization gypsum (FGD Gypsum) is derived from removing sulfur dioxide (SO2) from gas pollutants in fossil fuel-based power plants.
The natural segment is anticipated to witness considerable growth in the coming years, owing to its rising applications in different end-user industries. For example, one of the natural types, Selenite gypsum is a widely used material in drywall, paints, tiles, Plaster of Paris, and fertilizers. Alabaster, another natural gypsum is used in developing small artistic products. As it is a rare mineral, alabaster is mixed with other construction materials to expand its use.
Application Analysis
On the basis of application, the global market is segregated into agriculture, drywalls, plaster, cement, gypsum blocks, and others. The cement segment is projected to register a considerable CAGR during the forecast period, owing to increasing demand from the construction industry. Gypsum is essential raw material to control the hardening of the cement. It is usually termed as the retarding agent of the cement, as it prevents cement setting and allows long working time on shaping constructions. The cement demand is rising owing to increasing construction all over the world, which is likely to support the gypsum demand growth in this segment.
Regional Outlook
In terms of region, the global gypsum market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the market during the projection period, owing to a significant rise in construction projects in this region in the recent years. Developing economies, such as India and China are witnessing a rapid rise of the real estate market with the high population, increasing urbanization, and industrialization. Supportive policies from various governments toward increasing housing for a large population further benefit the market in this region. Increasing expenditure in real estate and agriculture, two of the major end-user industries of Gypsum, is likely to further drive the regional market.
The market in North America is projected to grow rapidly in the coming years, owing to the increasing production of synthetic gypsum. Rising export of gypsum from the US is further supporting the market. Increasing production of building materials with Gypsum is fueling the demand in the market. Furthermore, consumer preference for high-quality interiors in homes further propels the regional market.
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According to the Observatory of the Economic Complexity (OEF), in 2021, the US exported Gypsum worth USD 54.5 million. In that same year, the country imported Gypsum worth USD 116 million, becoming its 2nd largest importer worldwide.
Segments
The global Gypsum Market has been segmented on the basis of
Type
- Synthetic
- FGD gypsum
- Fluorogypsum
- Citrogypsum
- Phoshogypsum
- Natural
- Selenite
- Gypsite
- Rock Gypsum
- Alabaster
- Satin Spar
Application
- Agriculture
- Drywalls
- Plaster
- Cement
- Gypsum Blocks
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Al Jood Natural Resources L.L.C.
- American Gypsum Company, LLC.
- Arcosa, Inc.
- Boero USA, Inc.
- FCI Aravali Gypsum and Minerals India Limited(FAGMIL)
- Georgia Pacific
- Global Mining Company
- GYPSCO
- HOLCIM
- JONOUB GYPSUM
- Knauf Digital GmbH
- Mada Gypsum Company
- Osman Group
- Rajasthan State Mines
- Saint Gobain
- Vinayak Gypsum & Interiors Pvt. Ltd.
- YOSHINO GYPSUM CO.,LTD
- Zawawi Group.
Competitive Landscape
Key players competing in the Gypsum Market are Al Jood Natural Resources L.L.C.; American Gypsum Company, LLC.; Arcosa, Inc.; Boero USA, Inc.; FCI Aravali Gypsum and Minerals India Limited (FAGMIL); Georgia Pacific; Global Mining company; GYPSCO; HOLCIM; JONOUB GYPSUM; Knauf Digital GmbH; Mada Gypsum Company; Osman Group; Rajasthan State Mines; Saint Gobain; Vinayak Gypsum & Interiors Pvt. Ltd.; YOSHINO GYPSUM CO.,LTD; and Zawawi Group.
These companies adopted development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base worldwide. The competitive landscape covers key insights into growth strategies adopted by major market players.
- On May 24, 2023, Holcim acquired Besblock Ltd, a major supplier of precast materials to the Midlands construction industry in the UK. The technology platform of Besblock is committed to sustainable building block production. It has a capacity to produce nearly 2.5 million m² blocks each year.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Gypsum Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Gypsum Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Gypsum Market - Supply Chain
4.5. Global Gypsum Market Forecast
4.5.1. Gypsum Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Gypsum Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Gypsum Market Absolute $ Opportunity
5. Global Gypsum Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Gypsum Market Size and Volume Forecast by Types
5.3.1. Synthetic
5.3.2. Natural
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Gypsum Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Gypsum Market Size and Volume Forecast by Applications
6.3.1. Agriculture
6.3.2. Drywalls
6.3.3. Plaster
6.3.4. Cement
6.3.5. Gypsum Blocks
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Gypsum Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Gypsum Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Gypsum Demand Share Forecast, 2019-2026
8. North America Gypsum Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Gypsum Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Gypsum Market Size and Volume Forecast by Types
8.4.1. Synthetic
8.4.2. Natural
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Gypsum Market Size and Volume Forecast by Applications
8.7.1. Agriculture
8.7.2. Drywalls
8.7.3. Plaster
8.7.4. Cement
8.7.5. Gypsum Blocks
8.7.6. Others
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Gypsum Demand Share Forecast, 2019-2026
9. Latin America Gypsum Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Gypsum Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Gypsum Market Size and Volume Forecast by Types
9.4.1. Synthetic
9.4.2. Natural
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Gypsum Market Size and Volume Forecast by Applications
9.7.1. Agriculture
9.7.2. Drywalls
9.7.3. Plaster
9.7.4. Cement
9.7.5. Gypsum Blocks
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Gypsum Demand Share Forecast, 2019-2026
10. Europe Gypsum Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Gypsum Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Gypsum Market Size and Volume Forecast by Types
10.4.1. Synthetic
10.4.2. Natural
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Gypsum Market Size and Volume Forecast by Applications
10.7.1. Agriculture
10.7.2. Drywalls
10.7.3. Plaster
10.7.4. Cement
10.7.5. Gypsum Blocks
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Gypsum Demand Share Forecast, 2019-2026
11. Asia Pacific Gypsum Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Gypsum Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Gypsum Market Size and Volume Forecast by Types
11.4.1. Synthetic
11.4.2. Natural
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Gypsum Market Size and Volume Forecast by Applications
11.7.1. Agriculture
11.7.2. Drywalls
11.7.3. Plaster
11.7.4. Cement
11.7.5. Gypsum Blocks
11.7.6. Others
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Gypsum Demand Share Forecast, 2019-2026
12. Middle East & Africa Gypsum Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Gypsum Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Gypsum Market Size and Volume Forecast by Types
12.4.1. Synthetic
12.4.2. Natural
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Gypsum Market Size and Volume Forecast by Applications
12.7.1. Agriculture
12.7.2. Drywalls
12.7.3. Plaster
12.7.4. Cement
12.7.5. Gypsum Blocks
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Gypsum Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Gypsum Market: Market Share Analysis
13.2. Gypsum Distributors and Customers
13.3. Gypsum Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Al Jood Natural Resources L.L.C.
13.4.2. American Gypsum Company, LLC.
13.4.3. Arcosa, Inc.
13.4.4. Boero USA, Inc.
13.4.5. FCI Aravali Gypsum and Minerals India Limited(FAGMIL)
13.4.6. Georgia Pacific
13.4.7. Global Mining Company
13.4.8. GYPSCO
13.4.9. HOLCIM
13.4.10. JONOUB GYPSUM
13.4.11. Knauf Digital GmbH
13.4.12. Mada Gypsum Company
13.4.13. Osman Group
13.4.14. Rajasthan State Mines
13.4.15. Saint Gobain
13.4.16. Vinayak Gypsum & Interiors Pvt. Ltd.
13.4.17. YOSHINO GYPSUM CO.,LTD
13.4.18. Zawawi Group.
Methodology
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