Gypsum Market Report 2025

The gypsum market size has grown rapidly in recent years. It will grow from $41.25 billion in 2024 to $47.57 billion in 2025 at a compound annual growth rate (CAGR) of 15.3%. The growth in the historic period can be attributed to increased mining production and government initiatives for gypsum mine expansion.

The gypsum market size is expected to see rapid growth in the next few years. It will grow to $77.44 billion in 2029 at a compound annual growth rate (CAGR) of 13%. The growth in the forecast period can be attributed to an increase in demand for Plaster of Paris and a rise in cement production. Major trends in the forecast period include investing in lithium battery-powered gypsum haulers over conventional or diesel-powered mining machinery and equipment, increasing investment, using 3d mine visualizers to obtain a real-time digital model of a mine, focusing on technologies to prevent accidents and improve the safety of miners.

An increase in cement production is expected to drive the growth of the gypsum mining market during the forecast period. Cement is a crucial building material that sets and hardens to bond building units together. Gypsum is the primary mineral added to cement, acting as a retarding agent that regulates the setting time. Without gypsum, cement clinker would solidify immediately upon mixing with water, releasing heat. For example, in September 2024, the India Brand Equity Foundation, an India-based organization, reported a 12.1% increase in cement production in India for September 2022 compared to the same month in 2021. Therefore, the rise in cement production is likely to support the growth of the gypsum market.

A surge in the demand for Plaster of Paris (PoP) is anticipated to drive the growth of the gypsum market in the foreseeable future. PoP, derived from gypsum, is utilized in crafting sculptures and metal castings for decorative applications in buildings. The preparation of PoP involves heating gypsum with calcium sulfate dihydrate to approximately 150°C. The growing demand for PoP is a pivotal factor likely to stimulate a heightened need for gypsum mining to extract the essential mineral. A report from the Indian Ministry of Micro, Small & Medium Enterprises's Development Institute projects the global PoP market to reach $600 million by 2030, underscoring the potential for increased demand driving the growth of the gypsum market.

Major companies in the gypsum market are concentrating on launching innovative products, such as high-quality gypsum boards, to address the increasing demand for cost-effective and efficient building materials. High-quality gypsum boards are panels that meet rigorous standards for strength, durability, and fire resistance, commonly used in construction for interior walls and ceilings. For example, in December 2023, Saint-Gobain India Pvt Ltd, an India-based company, introduced an innovative range of building products, including Habito Standard, Rigiroc, Glasroc X, and Metlance. Habito Standard is a 13mm high-quality gypsum board with an enhanced load-bearing capacity of up to 15kg per point using a regular woodscrew, providing high impact resistance. It is specifically designed for heavy-duty applications in both commercial and residential spaces.

The gypsum market is witnessing a notable trend of increasing investments, with companies focusing on expanding gypsum mines. For instance, in September 2022, Royal Invest s.a.r.l., based in Tunisia, entered into a finance agreement with UK-based financial management company Elite Capital & Co. Limited to finance new mining plants. The agreement aims to support the expansion of the Royal Gypse Gypsum Mine, a respected gypsum mine in Tunisia. Similarly, American Gypsum, a U.S.-based company manufacturing and distributing gypsum wallboard, received approval from the Eagle County Board of Commissioners to expand its Eagle County opencast gypsum mine by 12%, securing raw material supply for its nearby gypsum wallboard plant until 2046.

In July 2022, Saint-Gobain, a France-based company specializing in construction materials and solutions, acquired Kaycan for an undisclosed amount. This strategic acquisition reinforces Saint-Gobain's leadership in light and sustainable construction, making it the leading siding player in Canada and expanding its vinyl offerings in the United States with additional solutions in aluminum and engineered wood. Kaycan is a U.S.-based company operating in the gypsum wallboard sector.

Major companies operating in the gypsum market include Rio Tinto Group, Iluka Resources Limited, FCI Aravali Gypsum and Minerals, zawawi minerals, kunooz oman holding, Rajasthan State Mines and Minerals limited, CHEM-CARB, NMDC Ltd, Henan Yukuang International Mining Investment Co Ltd, Baumineral GmbH, Steag GmbH, Knauf Gips KG, Torralba Group, British Gypsum (St Gobain), ETEX Group, Polska sp. z o.o, Harrison Gypsum, The H Lima Company Inc, Little Salt Creek Gyp Mine, Twisselman Gypsum, Allied Custom Gypsum, National Gypsum, Diamond Gypsum LLC, Pioneer Gypsum Mining Inc, Sumitomo Metal Mining Chile Ltda, Cerro Cazador SA, COMSA, Wasit General Trading LLC, Emirates House General Trading LLC, Awam Group LLC, United Mining Industries Company Limited (UMI), African Queen Mines Ltd, Anglo African Gypsum.

South America was the largest region in the gypsum market in 2024. The regions covered in the gypsum market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the gypsum market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

Gypsum involves the extraction of gypsum and its compounds, which are utilized in the manufacturing of wallboard, cement, plaster of Paris, soil conditioning, and as a hardening retarder in Portland cement.

The primary categories of gypsum include construction gypsum, agricultural gypsum, and other types of gypsum. Gypsum contributes to enhancing soil drainage and preventing waterlogging caused by a combination of high sodium, swelling clay, and excess water. The end products encompass pre-decorated boards, wallboard, and ceiling board, with applications spanning both commercial and residential sectors. Mining methods for gypsum include underground mining and surface mining.

The gypsum market research report is one of a series of new reports that provides gypsum market statistics, including gypsum industry global market size, regional shares, competitors with a gypsum market share, detailed gypsum market segments, market trends and opportunities, and any further data you may need to thrive in the gypsum industry. This 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 gypsum market includes revenues earned by entities by providing mining for boron compounds such as selenite, satin spar, and rock gypsum. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

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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