Gypsum Market to be worth US$ 7.8 Bn by 2032, Get Insights FMI
The global gypsum market is estimated to expand at a 6.2% CAGR over the forecast period, reaching US$ 4.3 Bn in 2022.
Gypsum is a vital construction material and is used widely in Portland cement, building plaster, and several other construction products. The construction industry is a key application segment in the gypsum market. It is used for various applications such as cement, plaster, drywall manufacturing, and others. Growth in construction industry is expected to elevate the consumption of gypsum over the forecast period.
“Surging demand for gypsum in the agriculture sector for soil enhancement, along with expansion of the building and construction sector across emerging economies will drive sales in the market over the forecast period,” says an FMI analyst.
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Key Takeaways:
- Global gypsum market is expected to reach US$ 7.8 Bn by the end of the forecast period growing at a CAGR of 6.2%.
- Cement industry is key consumer of gypsum owing to its vital role in the building and construction sector.
- East Asia is expected to lead the market in terms of production and consumption of gypsum owing to strong presence of end users in the region.
- China is expected to be the dominant producer of crude gypsum, followed by the U.S.
- India will emerge as a lucrative pocket amid rising construction of smart cities across various urban cities.
Competitive Landscape
Key market participants in the global Gypsum market elaborated in the report includes Azko Nobel, Sherwin Williams Company, Asian Paints Ltd., Nippon Paints, Valspar Corporation, Jotun, BASF-SE, RPM International Inc., KANSAI Paints Co., Ltd., and Berger Paints.
Key gypsum producers are laying emphasis on expansion by establishing new plants that will help them to increase their production capacities and gain access to new distribution networks. Moreover, several manufacturers are engaged in strengthening their product portfolio by strategic acquisition and mergers to attract maximum consumer base.
More Insights into the Gypsum Market Report
In its latest report, FMI offers an unbiased analysis of the global Gypsum market, providing historical data for the period of 2017-2021 and forecast statistics for the period of 2022-2032. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of Product type, End Use, and Region
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Gypsum Market by Category
By Product Type:
- Natural
- Synthetic
By End Use:
- Cement
- Drywalls
- Plaster
- Soil Amendment
- Gypsum Blocks
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
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