Synthetic Gypsum Global Market Report 2024

Synthetic gypsum, a byproduct of various industrial processes, primarily consists of calcium sulfate dihydrate. It finds significant applications in the construction and agricultural sectors, particularly in cement production, soil conditioning, and other related uses.

The main categories of synthetic gypsum include Citrogypsum, Fluorogypsum, Phosphogypsum, and Titanogypsum. Citrogypsum is acquired as a byproduct in the manufacturing of citric acid. Fluorogypsum, on the other hand, is a byproduct of hydrofluoric acid manufacturing. Phosphogypsum is generated as a byproduct during phosphoric acid manufacturing, and Titanogypsum is a byproduct of titanium dioxide acid manufacturing. These various types of synthetic gypsum primarily serve the chemical and agriculture industries.

The synthetic gypsum market research report is one of a series of new reports that provides synthetic gypsum market statistics, including synthetic gypsum industry global market size, regional shares, competitors with a synthetic gypsum market share, detailed synthetic gypsum market segments, market trends and opportunities, and any further data you may need to thrive in the synthetic gypsum industry. This synthetic gypsum market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The synthetic gypsum market size has grown strongly in recent years. It will grow from $1.58 billion in 2023 to $1.69 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth observed during the historical period can be attributed to several factors, including the influence of environmental regulations, the utilization of coal combustion byproducts, expansion in the construction industry, efforts in waste reduction, and the pursuit of cost efficiency.

The synthetic gypsum market size is expected to see strong growth in the next few years. It will grow to $2.2 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The anticipated growth in the forecast period can be attributed to factors such as the pursuit of sustainability goals, ongoing infrastructure development, applications in agriculture, recycling initiatives, and the increasing production of energy. Major trends expected during this period encompass the use of green building materials, agricultural soil amendments, advancements in desulfurization technologies, the utilization of coal combustion byproducts, and the adoption of alternative cement binders.

The synthetic gypsum market is experiencing significant growth, primarily fueled by the expanding construction industry. Synthetic gypsum and its derivatives play a crucial role in construction applications, such as finishing mortar, model making, and wall surface putty. The construction sector's robust growth is driven by favorable macroeconomic conditions, increasing disposable incomes, and low interest rates. In India, for instance, the National Investment Promotion and Facilitation Agency projects that the construction industry will reach $1.4 trillion by 2025, with the real estate sector expected to achieve $1 trillion by 2030.

The ongoing expansion of the construction sector is anticipated to drive the continued growth of the synthetic gypsum market. The construction industry, encompassing diverse activities related to planning, design, and development, is a key consumer of synthetic gypsum due to its environmental sustainability, cost-effectiveness, and suitability for construction materials. Synthetic gypsum serves as an eco-friendly alternative to natural gypsum, aligning with the construction industry's commitment to sustainable practices. In February, the United States Census Bureau reported a seasonally adjusted yearly basis increase of 13.8% in the number of privately owned housing units approved by building permits, reaching 1,524,000 units compared to the corrected January rate of 1,339,000. This underlines the driving force of the construction sector in boosting the synthetic gypsum market.

The increasing adoption of Flue-Gas Desulfurization (FGD) technology emerges as a noteworthy trend in the synthetic gypsum market. FGD technology, employed to remove sulphur compounds from fossil fuel power plant emissions, contributes to heightened synthetic gypsum production. Notably, Mitsubishi Power is a global supplier of FGD plants that employ wet limestone-gypsum and seawater FGD processes, preventing air pollution. In India, plans are underway to implement FGD systems in numerous coal-based thermal power plants by 2022.

Major players in the synthetic gypsum market are actively innovating advanced products to enhance their market profitability. Advanced gypsum materials, denoting innovative and high-performance gypsum forms, offer improved properties for diverse applications. For example, in 2021, the National Gypsum Company introduced PURPLE, a moisture-resistant drywall gypsum board packaged in plastic. PURPLE is GREENGUARD GOLD certified for indoor air quality, boasting resistance to moisture, mold, and mildew. The product, featuring spore guard technology, underwent several ASTM tests and earned the highest possible mold score.

In December 2021, Saint-Gobain, a French conglomerate specializing in materials for construction, entered into a definitive agreement to acquire GCP Applied Technologies for $2.3 billion. This strategic move positions Saint-Gobain as a global leader in construction chemicals. GCP Applied Technologies, an American company, offers a range of materials and chemicals for construction, along with sealants and coatings used in packaging.

Major companies operating in the synthetic gypsum market include American Gypsum, Boral Limited, British Gypsum Limited, Continental Building Products Inc., Delta Gypsum LLC, Fertilizer Engineering & Equipment Company, Georgia-Pacific Gypsum LLC, Gessos Técnicos S.A., Knauf Gips KG, Lafarge Holcim Ltd., National Gypsum Company, PABCO Building Products LLC, Synthetic Materials LLC, USG Corporation, Constantia Building Products AG, BauMineral GmbH, Compagnie de Saint-Gobain SA, Drax Group PLC, Compagnie de Saint-Gobain S.A., Steag GmbH, Transparent Technologies Limited, Travancore Titanium Products Limited, Synthetic Material LLC, Central Plains Cement Company, Eagle Materials Inc., Etex NV, Electric Power Research Institute Inc., Gypsum Management and Supply Inc., Yoshino Gypsum Co. Ltd.

North America was the largest region in the synthetic gypsum market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the global synthetic gypsum market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the synthetic gypsum market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

The synthetic gypsum market consists of sales of marine gypsum and titan gypsum. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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