Synthetic Gypsum - Global Strategic Business Report

The global market for Synthetic Gypsum was estimated at US$1.7 Billion in 2023 and is projected to reach US$2.4 Billion by 2030, growing at a CAGR of 4.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Why Is Synthetic Gypsum Gaining Popularity in Construction?

Synthetic gypsum is experiencing growing demand, particularly in the construction industry, where it serves as a vital ingredient in drywall and cement production. Produced as a byproduct from coal-fired power plants through flue gas desulfurization (FGD) processes, synthetic gypsum is a sustainable alternative to natural gypsum. Its environmental benefits, such as reducing waste and greenhouse gas emissions, align with the increasing focus on green building practices. Additionally, its consistency and chemical composition make it preferable for manufacturing high-quality building materials, fueling its adoption across the industry.

What Technological Advances Are Shaping the Synthetic Gypsum Market?

Technological innovations in synthetic gypsum production are driving its growth, particularly in construction. Improved FGD processes allow for more efficient recovery of gypsum from power plant emissions, which enhances its quality and availability. In addition, research into lightweight drywall and cement formulations incorporating synthetic gypsum has further expanded its application. The development of new synthetic gypsum types with enhanced properties, such as greater strength and resistance to mold, is propelling market expansion into areas like agriculture, where it is used as a soil conditioner.

Which Segments Are Driving the Synthetic Gypsum Market?

Key segments include FGD gypsum, phosphogypsum, and others like citrogypsum. FGD gypsum holds the largest market share, driven by its use in the construction industry for making drywall and cement. The market also benefits from its application in agriculture, where it improves soil structure and nutrient absorption. End-use industries span construction, agriculture, and mining, with construction accounting for the majority of demand due to the widespread use of gypsum in building materials.

What Factors Are Fueling Growth in the Synthetic Gypsum Market?

The growth in the synthetic gypsum market is driven by several factors, including increasing demand for sustainable construction materials, advancements in FGD technology, and government regulations promoting environmentally friendly building practices. Additionally, the rising use of synthetic gypsum in agriculture to improve soil health and reduce environmental impact is a significant contributor. The expansion of infrastructure projects, particularly in developing regions, and the focus on reducing carbon footprints in manufacturing processes are further propelling market growth.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the FGD gypsum segment, which is expected to reach US$854.3 Million by 2030 with a CAGR of a 4.9%. The Fluroogypsum segment is also set to grow at 5.2% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, which was valued at $462.9 Million in 2023, and China, forecasted to grow at an impressive 7.9% CAGR to reach $521.3 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Synthetic Gypsum Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Synthetic Gypsum Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Synthetic Gypsum Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as American Gypsum, British Gypsum, CertainTeed Corporation, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 12 Featured):

• American Gypsum
• British Gypsum
• CertainTeed Corporation
• Continental Building Products, Inc.
• Delta Gypsum
• Feeco International, Inc.
• Georgia-Pacific Building Products
• Gyptec Iberica
• Knauf Gips KG
• National Gypsum Company
• PABCO Gypsum
• Synthetic Materials
• USG Corporation