Synthetic Gypsum Market Size, Growth and Forecast to 2027

[Research Report] The global synthetic gypsum market was valued at US$ 1,244.02 million in 2019 and is projected to reach US$ 1,693.72 million by 2027; it is expected to grow at a CAGR of 4.0% from 2020 to 2027.

Synthetic gypsum is mostly used in the construction and the agricultural industries. The growth of the construction industry across the world has increased the demand for decorative structures and drywall which has propelled the demand for synthetic gypsum. Furthermore, the use of synthetic gypsum as a filler in the cement production process bolsters the growth of synthetic gypsum market.

In 2019, North America contributed to the largest share in the global synthetic gypsum market. The growth of the market in North America is attributed to the growing construction industry in the US and emergence of various FGD system companies in North America. Due to the rising urbanization and industrialization, the construction activities in the region are escalating. This is stimulating the demand for urban renewal projects, which is propelling the demand for synthetic gypsum that is used in making cement, drywall, and decorative structures.

The COVID-19 outbreak is adversely affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global chemicals & materials industry is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. For instance, China is the global manufacturing hub and largest raw material supplier for various industries, and it is also one of the worst affected countries. The lockdown of various plants and factories in China is restricting the global supply chains and disrupting the manufacturing activities, delivery schedules, and various chemicals & materials sales. Various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition, the global travel bans imposed by countries in Europe, Asia, and North America are hindering the business collaborations and partnerships opportunities. All these factors are hampering the chemicals & materials industry, and thus act as restraining factors for the growth of various markets related to this industry.

Global Synthetic Gypsum Market, by Region 2019

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Market Insights

Increasing Demand from Construction Industry

The demand for synthetic gypsum has been on a rise in the construction industry. In the construction industry, synthetic gypsum is mostly used as a filler material for the cement and the plasters to enhance their strength and also to reduce the setting time of the concrete. It is also used to make decorative panels and plaster of paris. FGD gypsum, which is one of the types of synthetic gypsum, is mainly used in the construction industry to manufacture cement, drywall, and plaster of paris. FGD gypsum is basically recyclable in nature and thus, is mostly used by the manufacturers. Plaster of Paris is basically used for making decorative panels, structures, and sculptures. The demand for these structures and sculptures are increasing in the construction industry, which is leading to an increase in the demand of synthetic gypsum. The governments of many developing countries are focusing on developing and improving their infrastructure and are introducing many reforms and regulations that will help in boosting the real-estate and infrastructure industries. All these regulations and reforms are expected to have a positive impact on the construction industry, which would boost the demand for synthetic gypsum in the forecast period.

Type Insights

Based on type, the synthetic gypsum market is segmented into FGD gypsum, Flurogypsum, Phosphogypsum, Citrogypsum, and Others. The FGD gypsum segment led the market with the largest share in 2019. FGD gypsum is basically the gypsum obtained from the flue gas desulfurization systems. The sulfur is mostly removed from the flue gas, which can be done through the help of lime in the flue gas desulfurization system. The FGD gypsum mostly has the same chemical identity as that of a natural gypsum, and it is considered as a gypsum of greater purity. The use of FGD gypsum is considered as ecologically beneficial. FGD gypsum has agricultural applications and can be used in soil and hydrogeologic conditions for the purpose of soil conservation and industrial material recycling. The process through which FGD gypsum is manufactured is eco-friendly and provides an ecological source of pure gypsum. FGD gypsum has various applications in processes such as cement production, water treatment, glass making, mining applications, gypsum panel products, highway construction, and agriculture. It can also be used as a source of nutrition for crops.

Global Synthetic Gypsum Market, by Type– 2019 and 2027

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Strategic Insights

A few key market players operating in the synthetic gypsum market are Drax Group PLC, American Gypsum, USG Corporation, Larargeholcim, Travancore Titanium Products Limited, Knauf Gips KG, Transparent Tehcnologies Limited, BauMineral GMBH, Steag GMBH, and Boral. Major players in the market are focusing on strategies such as mergers and acquisitions, and product launches to expand their geographical presence and consumer base globally.  

Report Spotlights

• Progressive industry trends in the global synthetic gypsum market to help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the global synthetic gypsum market from 2017 to 2027
• Estimation of the demand for synthetic gypsum across various industries
• PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
• Recent developments to understand the competitive market scenario and the demand for synthetic gypsum  
• Market trends and outlook coupled with factors driving and restraining the growth of the synthetic gypsum market
• Decision-making process by understanding strategies that underpin commercial interest with regard to global synthetic gypsum market growth
• Synthetic gypsum market size at various nodes of market
• Detailed overview and segmentation of the global Synthetic gypsum market as well as its dynamics in the industry
• Synthetic gypsum market size in various regions with promising growth opportunities

Synthetic gypsum Market, by Type

• FGD Gypsum
• Flurogypsum
• Phosphogypsum
• Citrogypsum
• Others

Synthetic gypsum Market, by Application

• Drywall
• Cement
• Soil amendment
• Dental
• Water Treatment
• Others

Company Profiles

• Drax Group PLC
• American Gypsum
• USG Corporation
• Larargeholcim
• Travancore Titanium Products Limited
• Knauf Gips KG
• Transparent Tehcnologies Limited
• BauMineral GMBH
• Steag GMBH
• Boral