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Synthetic Gypsum Market Size & Share, By Type (FGD Gypsum, Citrogypsum, Fluro Gypsum, Phosphogypsum, Others), Application (Drywall, Cement, Soil Amendment, Glass Manufacturing, Plaster, Others), Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Report ID: FBI 6015

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Published Date: Aug-2024

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Format : PDF, Excel

Market Outlook:

Synthetic Gypsum Market surpassed USD 1.65 Billion in 2023 and is expected to exceed USD 2.25 Billion by end of the year 2032, observing around 3.5% CAGR between 2024 and 2032.

Base Year Value (2023)

USD 1.65 Billion

19-23 x.x %
24-32 x.x %

CAGR (2024-2032)

3.5%

19-23 x.x %
24-32 x.x %

Forecast Year Value (2032)

USD 2.25 Billion

19-23 x.x %
24-32 x.x %
Synthetic Gypsum Market

Historical Data Period

2019-2023

Synthetic Gypsum Market

Largest Region

Asia Pacific

Synthetic Gypsum Market

Forecast Period

2024-2032

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Market Dynamics:

Growth Drivers & Opportunity:

The growing demand for sustainable construction materials is expected to drive the growth of the Synthetic Gypsum market. Synthetic Gypsum offers environmental benefits such as reduced energy consumption and lower emissions compared to natural gypsum, making it a preferred choice for manufacturers and consumers alike.

The increasing focus on waste management and recycling initiatives is another major growth driver for the Synthetic Gypsum market. With stringent regulations and growing awareness about the environmental impact of waste disposal, the demand for synthetic gypsum as a sustainable alternative to landfill disposal is on the rise.

Rapid urbanization and infrastructure development projects across the globe are fueling the demand for construction materials, including synthetic gypsum. The construction industry's strong growth prospects, particularly in emerging markets, are expected to create lucrative opportunities for the synthetic gypsum market.

Report Scope

Report CoverageDetails
Segments CoveredType, Application
Regions Covered• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledUSG, Drax Group, FEECO International, Saint-Gobain, PABCO Gypsum, Georgia-Pacific Building Products, AMERICAN GYPSUM, Knauf

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Industry Restraints:

Fluctuating raw material prices pose a major challenge for the synthetic gypsum market. The availability and cost of raw materials used in the production of synthetic gypsum, such as sulfur dioxide and limestone, can impact the profitability of manufacturers and hinder market growth.

Strict regulations and standards governing the use of synthetic gypsum in construction applications can act as a restraint for the market. Compliance with quality and safety standards, as well as the need for product certifications, can increase production costs for manufacturers and limit market expansion.

Regional Forecast:

Synthetic Gypsum Market

Largest Region

Asia Pacific

XX% Market Share in 2023

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In North America, the synthetic gypsum market is expected to witness steady growth due to the increasing demand for sustainable construction materials in the region. The United States and Canada are major contributors to the market, with a growing focus on reducing carbon emissions and promoting environmentally friendly building practices. The use of synthetic gypsum in wallboard production and other construction applications is expected to drive market growth in North America.

In Asia Pacific, countries such as China, Japan, and South Korea are experiencing rapid urbanization and infrastructure development, leading to a growing demand for synthetic gypsum in the construction industry. The governments in these countries are also implementing regulations to promote the use of sustainable building materials, further driving the market for synthetic gypsum in the region. China, in particular, is a major producer and consumer of synthetic gypsum, accounting for a significant share of the market in Asia Pacific.

In Europe, countries like the United Kingdom, Germany, and France are witnessing increasing adoption of synthetic gypsum in various construction projects. The emphasis on reducing landfill waste and promoting recycling in these countries has led to a rise in the use of synthetic gypsum as a sustainable alternative to natural gypsum. The construction industry in Europe is also focusing on reducing carbon footprint, which is expected to boost the demand for synthetic gypsum in the region.

Report Coverage & Deliverables

Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
Synthetic Gypsum Market
Synthetic Gypsum Market

Segmentation Analysis:

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In terms of segmentation, the global Synthetic Gypsum market is analyzed on the basis of Type, Application.

Synthetic Gypsum Market

FGD Gypsum:

The FGD Gypsum segment is expected to witness significant growth in the synthetic gypsum market due to its widespread application in the construction industry for the production of drywall and cement. The increasing demand for environmentally-friendly construction materials is driving the adoption of FGD gypsum as a sustainable alternative to traditional gypsum sources.

Citrogypsum:

Citrogypsum is gaining traction in the synthetic gypsum market, primarily in agricultural applications for soil amendment. The high calcium content in citrogypsum makes it an ideal choice for improving soil fertility and enhancing crop yields. The growing focus on organic farming practices is driving the demand for citrogypsum in the agriculture sector.

Fluro Gypsum:

The fluro gypsum segment is anticipated to witness steady growth in the synthetic gypsum market, driven by its use in glass manufacturing. Fluro gypsum is known for its high purity and low impurity levels, making it suitable for producing high-quality glass products. The increasing demand for glass in various industries is expected to propel the growth of the fluro gypsum segment.

Phosphogypsum:

Phosphogypsum is widely utilized in the synthetic gypsum market for the production of plaster and other construction materials. The phosphogypsum segment is witnessing growth due to the increasing emphasis on sustainable building practices and the rising construction activities across the globe. The superior fire-resistant properties of phosphogypsum make it a preferred choice in the construction industry.

Others:

The other types of synthetic gypsum, including desulphogypsum, Titanogypsum, and Borogypsum, are gaining prominence in the market for their diverse applications. These alternative sources of synthetic gypsum are being increasingly used in various industries, such as agriculture, construction, and manufacturing. The versatility of these synthetic gypsum types is driving their adoption in multiple sectors, contributing to the overall growth of the synthetic gypsum market.

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Competitive Landscape:

The synthetic gypsum market is witnessing significant growth due to the increasing demand for sustainable construction materials, particularly in the walls and ceilings sector. This market features a competitive landscape characterized by several key players vying for market share through innovation, strategic partnerships, and expanding production capacities. Companies are focusing on enhancing their product offerings and improving processing technologies to capture emerging opportunities in various applications, including cement, wallboard, and agricultural applications. Regulatory pressures and a global shift toward environmentally friendly practices are also influencing competition as companies strive to meet consumer and industry expectations. Investment in research and development, as well as acquisitions, are common strategies employed to maintain a competitive edge in this evolving market landscape.

Top Market Players

- Georgia-Pacific LLC

- Knauf

- Saint-Gobain

- United States Gypsum Corporation

- National Gypsum Company

- Gyptech

- USG Corporation

- Boral Limited

- Etex Group

- HEBEI FANGSHENG BUILDING MATERIALS CO., LTD.

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Synthetic Gypsum Market Size & Share, By Type (FGD...

RD Code : 24