Synthetic Gypsum Market Size

Synthetic Gypsum Market size was valued at USD 2.36 Billion in 2023 and is poised to grow from USD 2.49 Billion in 2024 to USD 3.57 Billion by 2032, growing at a CAGR of 5.3% during the forecast period (2025-2032).

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. 'LafargeHolcim Ltd.', 'Saint-Gobain S.A.', 'National Gypsum Company', 'USG Corporation (Gebr. Knauf KG)', 'Knauf Gips KG', 'American Gypsum Company', 'CertainTeed Corporation', 'Yoshino Gypsum Co., Ltd.', 'James Hardie Industries plc', 'Etex Group', 'Georgia-Pacific Gypsum LLC', 'Boral Limited', 'PABCO Building Products, LLC', 'Winstone Wallboards Limited', 'Gypsum Resources Materials LLC', 'Gypsemna Company LLC', 'Grenzebach BSH GmbH', 'Gypsum Management and Supply, Inc', 'BauMineral (Uniper SE)', 'Dolina Nidy (Atlas)'

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.

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.

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.