Gypsum Market, By Type (Natural Gypsum and FGD Gypsum), By Application (Agriculture, Construction, Medical, and Art), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030

Gypsum market accounted for USD 2.34 billion in 2020 and is estimated to be USD 4.83 billion by 2030 and is anticipated to register a CAGR of 7.50%

Gypsum is a versatile mineral due to its verstile applications. Calcium sulphate dihydrate's superior properties make it suitable for a wide range of applications. This increases demand for gypsum in a variety of applications, such as a food additive in bread and dough, a fire retardant in plastics, a source of calcium and sulphate for plant growth, and the manufacture of cements, mould materials, and other items. The demand graph for gypsum is stable due to the wide range of applications. Gypsum is a white powder mineral that is organically occurring and has the chemical term calcium sulphate dihydrate. Gypsum products are used in dentistry where calcium sulphate hemihydrate is used. They are primarily used for investments, castings, and models. Models are used to build a variety of dental appliances and restorations outside of the patient's mouth. These models could be exact replicas of the soft and hard tissues of the patient. The global market for dental gypsum continues to grow at a rapid pace. Growing interest in dental implants and rising demand for cosmetic dentistry are the two most important elements of the worldwide dental gypsum industry.

Owing to rising disposable income and technological advancements in gypsum projects will drive the growth of the Market

The gypsum market is expected to grow rapidly during the forecast period, owing to rising disposable income and technological advancements in gypsum projects in the overall building sector. Also, the construction sector has been driven by high adoption of digital solutions and rising spending on technological advancements, resulting in increased cement and drywall production, which is increasing the scope for gypsum application and acting as a key determinant favoring market growth over the forecast period. The rising trend of single-family and multi-family house constructions, rapid urban migration in major economies, and increased government spending in the real estate market for residential construction coupled with the growing demand for high-class residential homes are the major factors driving the growth of the gypsum market. Aside from that, rising real estate prices, notably the construction of single-family homes and multistory apartments in emerging economies, are driving the gypsum industry. The rapidly growing urban population, combined with an increased demand for housing, is aiding the market's expansion.

On the other hand, the reason gypsum has become such a popular substance is that it is superior in terms of detail reproduction and dimensional consistency, as well as being a low-cost material, all of which contribute to the target market's rapid expansion. Moreover, several market companies are investing in R&D to develop products specifically for interior decorative applications with the addition of design and textures, which would provide the gypsum market with a variety of development potential. The changes in raw material costs and rigorous restrictions regarding gypsum mining are two main roadblocks to the market's expansion, while a lack of labour workforce would provide a hurdle to the market's growth throughout the forecast period.

Gypsum Market report segments the market on the basis of type, application, and region.

On the basis of Type, the Global Gypsum Market is segmented into Natural Gypsum and FGD Gypsum. Based on Application, the target market is segmented into Agriculture, Construction, Medical, and Art.

Regional Insights:

On region the Global Gypsum Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The established markets of North America, which will have a dominate the worldwide market. The gypsum industry in the United States is predicted to rise by 4.9 percent year over year in 2021, defying initial concerns about how the sector would fare in the event of a global pandemic. The entire demand for gypsum in North America is estimated to exceed 48 million tonnes. Following China, the United States is the second largest producer of gypsum. According to global mining data, the country's entire crude gypsum production was estimated at 22 million tonnes in 2020. The demand for drywall and plasterboards in the United States is strong, making the country a major trader of gypsum and its bi-products. Over the next assessment period, Plaster of Paris is predicted to gain traction in the interior design market due to the country's high disposable income.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the Global Gypsum Market report based on Type, Application and region.

Global Gypsum Market, By Region: 

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

Key players in the Global Gypsum Market include, Saint Gobain S.A, VANS Gypsum, Sherlock Industries, USG Boral, Lafarge S.A, Shreenath Gyptech  and  National Gypsum Company.

• Saint Gobain S.A
• VANS Gypsum
• Sherlock Industries
• USG Boral
• Lafarge S.A
• Shreenath Gyptech
• National Gypsum Company