USD 2244 million
Global Synthetic Gypsum Market Size, Share, Growth Analysis, By Type(FGD gypsum, phosphogypsum), By Application(Construction, agriculture) - Industry Forecast 2024-2031
Report ID:
SQMIG15F2116 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
63 |
Figures:
75
Global Synthetic Gypsum Market Insights
Synthetic Gypsum Market size was valued at USD 2244 million in 2022 and is poised to grow from USD 2.36 billion in 2023 to USD 3.39 billion by 2030, at a CAGR of 5.3 % during the forecast period (2023-2030).
The global synthetic gypsum market has experienced significant growth and garnered substantial attention in recent years. Synthetic gypsum offers a viable alternative to natural gypsum for various applications.
The market's expansion is primarily driven by factors such as the increasing demand for sustainable construction materials, stringent environmental regulations promoting the use of synthetic gypsum, and the growing construction industry.
Additionally, the market is witnessing technological advancements in synthetic gypsum production, further fueling its adoption. Overall, the global synthetic gypsum market is poised for continued growth and holds immense potential for industry players.
US Synthetic Gypsum Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Construction
Fastest Growth
Construction
Growth Rate
5.3% CAGR
Global Synthetic gypsum market by region
Country Share for North America (%)
Global Synthetic gypsum market by distribution channel
Global Synthetic gypsum market by Application
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Global Synthetic Gypsum Market Segmental Analysis
The global synthetic gypsum market can be analyzed based on type, application, and region. By type, it can be categorized into FGD gypsum, phosphogypsum, and others. In terms of application, the market can be segmented into construction, agriculture, and others. Geographically, the market can be divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Synthetic Gypsum Market Analysis By Type
One of the largest sectors within the synthetic gypsum market is likely to be the FGD gypsum segment. As environmental regulations become stricter, the demand for FGD gypsum as a sustainable alternative to natural gypsum for construction and manufacturing industries is expected to rise significantly.
Regarding the fastest-growing sector, it is likely to be the phosphogypsum segment. With the growing global population and increasing agricultural activities, the demand for phosphate fertilizers is expected to rise. Moreover, advancements in technology and innovative approaches for the safe and effective use of phosphogypsum are expected to drive its market growth in the coming years.
Synthetic Gypsum Market Analysis By Application
The construction sector stands out as the largest application segment for synthetic gypsum due to the robust demand for construction materials and the growing emphasis on sustainable and eco-friendly building practices. With the rising urbanization and infrastructure development activities across the globe, the construction industry continues to fuel the demand for synthetic gypsum. Additionally, stringent regulations and initiatives promoting the use of synthetic gypsum in construction contribute to its growth.
On the other hand, the fastest-growing sector for synthetic gypsum is the agriculture industry. As the agriculture sector faces challenges related to soil degradation and the need for sustainable farming practices, the adoption of synthetic gypsum as a soil conditioner is gaining momentum. The increasing awareness among farmers about the advantages of synthetic gypsum is driving its demand in this sector.
Global Synthetic gypsum market by Application, 2023 (%)
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Global Synthetic Gypsum Market Regional Insights
The global synthetic gypsum market exhibits diverse regional dynamics. In North America, the market is primarily driven by the construction industry's demand for sustainable and cost-effective building materials.
Europe showcases significant growth potential due to strict regulations promoting the use of synthetic gypsum in construction projects. The
The Asia-Pacific region is experiencing a surge in demand fueled by rapid urbanization and infrastructure development in countries like China and India.
Latin America and the Middle East are witnessing steady growth, driven by increasing construction activities and rising awareness regarding environmental benefits of synthetic gypsum.
Global Synthetic gypsum market by geography, 2024-2031
- Largest
- Fastest
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Global Synthetic Gypsum Market Dynamics
Synthetic Gypsum Market Drivers
Increasing Demand for Sustainable Construction Materials
- One driver of the global synthetic gypsum market is the increasing demand for sustainable construction materials. Synthetic gypsum, which is produced as a byproduct from the flue gas desulfurization (FGD) process in coal-fired power plants, offers a viable alternative to natural gypsum in various construction applications. It possesses similar properties to natural gypsum and can be used in the production of gypsum boards, cement, and plaster, among other products. The growing awareness and emphasis on sustainable building practices, coupled with stringent environmental regulations, have fueled the adoption of synthetic gypsum as a greener alternative. This has contributed to the market's expansion.
Synthetic Gypsum Market Restraints
Alternatives Available in the Market
- A significant restraint faced by the global synthetic gypsum market is the availability of alternative materials. While synthetic gypsum offers environmental advantages, traditional materials such as natural gypsum and mineral gypsum are widely available and established in the market. Additionally, alternative substitutes like fly ash and slag can also be used in construction applications. The presence of these alternatives poses a challenge to the market growth of synthetic gypsum, particularly in regions where the availability of natural gypsum or alternative materials is abundant. Competing with these established options and educating the construction industry about the benefits of synthetic gypsum remains a hurdle for market expansion.
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Global Synthetic Gypsum Market Competitive Landscape
The global synthetic gypsum market exhibits a competitive landscape characterized by the presence of several key players striving to gain a significant market share. These players focus on strategies such as mergers and acquisitions, partnerships, and product innovations to strengthen their foothold in the market. These companies leverage their technological expertise, extensive distribution networks, and diverse product portfolios to cater to the growing demand for synthetic gypsum across various industries such as construction, agriculture, and cement manufacturing.
Synthetic Gypsum Market Top Player’s Company Profiles
- USG Corporation - United States
- Knauf Gips KG - Germany
- Continental Building Products - United States
- American Gypsum Company - United States
- CertainTeed Corporation - United States
- Yoshino Gypsum Co., Ltd. - Japan
- James Hardie Industries plc - Ireland
- Etex Group - Belgium
- Georgia-Pacific Gypsum LLC - United States
- Boral Limited - Australia
- PABCO Building Products, LLC - United States
- Winstone Wallboards Limited - New Zealand
- Gypsum Resources Materials LLC - United States
- Gypsemna Company LLC - United Arab Emirates
- Grenzebach BSH GmbH - Germany
- Continental Gypsum Company - United States
- Gypsum Management and Supply, Inc. - United States
Synthetic Gypsum Market Recent Developments
- In March 2020, Knauf AG announced plans for a second gypsum wallboard production line in Bukhara, Bukhara region. The plans also include an investment of USD 2.4 Mn in an additional gypsum mixture line at its Bukharagips plant.
Global Synthetic Gypsum Key Market Trends
- There is a growing demand for synthetic gypsum due to its eco-friendly and sustainable nature as it is a byproduct of flue gas desulfurization in power plants and other industrial processes. Additionally, the construction industry is a major driver of the market, with synthetic gypsum being extensively used in the manufacturing of drywall, cement, and plaster products.
Global Synthetic Gypsum Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the global synthetic gypsum market is expected to witness promising growth prospects in the coming years. The increasing focus on reducing carbon emissions and promoting green building materials is further propelling the market growth. Furthermore, technological advancements and innovations in synthetic gypsum production processes are enhancing product quality and expanding its applications across various industries.The rising emphasis on sustainable and eco-friendly building practices is further propelling the adoption of synthetic gypsum, given its recycled nature.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2244 million |
| Market size value in 2031 | USD 3.39 billion |
| Growth Rate | 5.3% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Synthetic Gypsum Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Synthetic Gypsum Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Synthetic Gypsum Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Synthetic Gypsum Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Synthetic Gypsum Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Synthetic Gypsum Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Synthetic Gypsum Market Report Snapshots
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