Global Gypsum Concrete Market Overview
Gypsum Concrete Market Size was estimated at 1.93 (USD Billion) in 2022. The Gypsum Concrete Industry is expected to grow from 2.01 (USD Billion) in 2023 to 2.95 (USD Billion) by 2032. The Gypsum Concrete Market CAGR (growth rate) is expected to be around 4.33% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Gypsum Concrete Market Trends Highlighted
The gypsum concrete market is redistribution and expansion based on large footprint construction industries. The key factors for the growth of the construction industry are increased usage of lightweight fire retardant composite and focus on eco-friendly buildings also provide growth opportunities, though the market remains constrained as well. For the stakeholders of the market, growing consumption of gypsum concrete for new use areas such as offsite and 3D construction will be critical. Such dynamics show the emergence of more sustainable types of construction, and they include the production of low-polluting gypsum concrete, including green gypsum concrete. In the current market, there is a transition towards the application of gypsum concrete as a special-purpose material for internal or external use in multi-story buildings, data centers, the healthcare sphere, etc. This increasing demand for high-performance rather than standard, profiled products extends the spatial boundaries of manufacturers of specialized products.
Gypsum Concrete Market Drivers
Increasing Demand for Gypsum Concrete in Construction
Gypsum concrete is a type of lightweight and fire-resistant material that has been increasingly used in various construction applications. It is made from a mixture of gypsum, water, and lightweight aggregates. Moreover, this material can be used in a wide range of applications, such as floor underlayments, wallboard, and fireproofing. Its demand has been increasing due to several reasons. The first one is that more traditional construction materials have become more expensive over recent years, along with the fact that sustainable construction options have also become more valuable.The second reason is that the demand for such a type of material has emerged due to the increasing popularity of lightweight construction methods. The Gypsum Concrete Market Industry is estimated to rise with a healthy CAGR of 4.33% from 2023 to 2032, reaching USD 2.95 billion by the end of 2032.
Growing Adoption of Gypsum Concrete in Developing Countries
Gypsum concrete is a relatively new material in many developing countries, but its adoption is growing rapidly. This is due to a number of factors, including the increasing availability of gypsum, the rising cost of traditional construction materials, and the need for more sustainable building materials. In addition, governments in developing countries are increasingly promoting the use of gypsum concrete in order to reduce construction costs and improve the quality of housing.The Gypsum Concrete Market Industry is expected to grow at a CAGR of 4.33% from 2023 to 2032, reaching a market size of USD 2.95 billion by 2032.
Technological Advancements in Gypsum Concrete Production
The market of the gypsum concrete industry is constantly changing as new technologies are developed to enhance its performance. A novel method for mixing and curing gypsum concrete is developed, as well as new lightweight aggregates. Additionally, various innovative features are introduced to the composition of gypsum concrete. Therefore, it is likely that all this will contribute to the growth of the Gypsum Concrete Market Industry. This market is expected to grow at a CAGR of 4.33%, and in addition, it is expected to reach USD 2.95 billion by 2032.
Gypsum Concrete Market Segment Insights
Gypsum Concrete Market Type Insights
The Gypsum Concrete Market has promising growth due to the increasing need for lightweight and sustainable construction materials. The market is segmented into Poured Gypsum Concrete and Precast Gypsum Concrete, depending on the construction. Poured Gypsum Concrete acquires a large share of the market due to its versatility and easy application. It is used in residential as well as commercial buildings, where properties such as lightweight and fire resistance render it suitable. Besides, Precast Gypsum Concrete is emerging in infrastructure buildings because they are durable and easy to precast.The major factors leading to the increase are the need for construction, infrastructure, and renovation projects across the world. The Asia Pacific is expected to dominate the Gypsum Concrete Market throughout the forecast period. Increased urbanization and the government, as well as bodies supporting the infrastructure and construction of sustainable buildings, are the major factors. China, India, and Japan are the major market players in the Asia-Pacific Region. The North American and European markets are equally strong in the market as the focus has been shifted to energy conservation and lightweight construction materials.Key players in the Gypsum Concrete Market include USG Corporation, Etex Group, Knauf Gips KG, and Gyproc Saint-Gobain. These companies are the major players and are concentrating on research and development’s focus to enhance the performance of the product as well as on the trending market aspects. The Gypsum Concrete Market analysis provides a strong need for construction materials and market products such as Poured Gypsum Concrete and Precast Gypsum Concrete, which occupy major market shares. The market will significantly grow in the coming years with the help of industry trends as well as supporting trends in different regions.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Gypsum Concrete Market Application Insights
The segmentation by Application includes Floor Underlayment, Architectural Elements, Repair and Maintenance, and Other Applications. In 2023, the Floor Underlayment segment held the largest market share of 35.2% as gypsum concrete has broad applicability in residential and commercial buildings as a flooring material due to its ability to soundproof, thermally insulate, and level uneven surfaces. The highest CAGR for the period of 2022-2032 is projected for the Architectural Elements segment at 5.2%, as the use of gypsum concrete for moldings, cornices, and columns continues to expand.In 2023, the Repair and Maintenance segment had a market share of 28.1% and is anticipated to grow steadily, as it is necessary to repair and renovate the buildings to extend their service lives. Other Applications comprise precast panels, fireproofing, and soil stabilization, among others.
Gypsum Concrete Market Building Type Insights
The Building Type segment of the Gypsum Concrete Market is categorized into Residential, Commercial, Industrial, and Infrastructure. The Residential segment holds a significant market share due to the rising demand for gypsum concrete in single-family homes, multi-family dwellings, and renovation projects. The Commercial segment is also witnessing steady growth, driven by the increasing construction of office buildings, shopping malls, and hospitality facilities. The Industrial segment is expected to exhibit promising growth prospects as gypsum concrete is gaining popularity in warehouses, factories, and manufacturing units.The Infrastructure segment is anticipated to contribute to the market growth owing to its utilization in bridges, tunnels, and other infrastructure projects. Overall, the Building Type segment is expected to continue driving the Gypsum Concrete Market revenue in the coming years, with a focus on sustainability and energy efficiency.
Gypsum Concrete Market End-User Insights
The Gypsum Concrete Market segmentation by End-User comprises Contractors, DIYers, Architects and Designers, and Other End-Users. Contractors are expected to dominate the market, driven by the increasing demand for gypsum concrete in construction projects. DIYers are also expected to contribute significantly to the market growth, owing to the rising trend of home improvement and renovation activities. Architects and Designers are expected to play a crucial role in specifying gypsum concrete for various applications, such as wall and ceiling systems, due to its versatility and aesthetic appeal.Other End-Users, such as manufacturers of prefabricated buildings and flooring systems, are also expected to contribute to the market growth. The Gypsum Concrete Market revenue is projected to reach USD 2.45 billion by 2024, exhibiting a CAGR of 4.7% during the forecast period. The market growth is attributed to the increasing adoption of gypsum concrete in various construction applications, coupled with the rising demand for sustainable and lightweight building materials.
Gypsum Concrete Market Regional Insights
The Gypsum Concrete Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, North America is expected to hold the largest market share in 2023, owing to the increasing demand for gypsum concrete in the construction industry. The region is home to some of the world's largest construction companies, which are driving the demand for gypsum concrete. Europe is another major market for gypsum concrete, with a significant demand for the product in the residential construction sector. The APAC region is expected to witness the highest growth rate during the forecast period due to the increasing construction activities in countries such as China and India.South America and MEA are relatively smaller markets for gypsum concrete but are expected to grow at a steady pace in the coming years. The Gypsum Concrete Market is expected to reach a value of USD 2.01 billion in 2023 and is projected to grow at a CAGR of 4.33% to reach USD 2.95 billion by 2032.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Gypsum Concrete Market Key Players And Competitive Insights
Major players in the Gypsum Concrete Market industry are majorly investing in expanding their production capacity to meet the growing demand for gypsum concrete. This would intensify the competitive landscape over the forecast period. Leading Gypsum Concrete Market players are focusing on developing innovative and sustainable gypsum concrete products to cater to the evolving needs of the construction industry. The Gypsum Concrete Market development is expected to be driven by the increasing demand for lightweight and fire-resistant building materials.Knauf, a leading company in the Gypsum Concrete Market, has a strong presence with manufacturing plants in over 30 countries. The company offers a wide range of gypsum concrete products, including gypsum wallboard, gypsum plaster, and gypsum ceiling tiles. Knauf is committed to providing innovative and sustainable solutions for the construction industry. The company has a dedicated research and development team that is constantly working on developing new and improved gypsum concrete products. Knauf is also focused on expanding its reach and has recently acquired several companies in emerging markets.LafargeHolcim, a leader in the building materials industry, is another major player in the Gypsum Concrete Market. The company offers a wide range of gypsum concrete products, including gypsum wallboard, gypsum plaster, and gypsum ceiling tiles. LafargeHolcim has a strong presence in both developed and emerging markets. The company is committed to providing sustainable and innovative solutions for the construction industry. LafargeHolcim has a dedicated research and development team that is constantly working on developing new and improved gypsum concrete products. The company is also focused on reducing its environmental impact and has set a goal of reducing its carbon emissions by 30% by 2030.
Key Companies in the Gypsum Concrete Market Include
- National Gypsum Company LLC
- Rockwool International A/S
- Chinese Building Materials Corporation
- Knauf Insulation
- Placo (SaintGobain)
- USG Corporation
- Siniat SA
- Continental Gypsum Company
- Eternit
- Knauf International GmbH
- Doka Group
- Gyproc (SaintGobain)
- Armstrong World Industries, Inc.
- Perfect Building Materials
- LafargeHolcim Ltd
Gypsum Concrete Market Industry Developments
Recent developments in the gypsum concrete market include the growing adoption of sustainable construction practices, increasing demand for lightweight and fire-resistant materials, and the expansion of the construction industry in developing regions. Key current affairs in the market include the rising cost of raw materials, technological advancements in gypsum concrete production, and the increasing focus on green building initiatives. These factors are expected to drive the growth of the gypsum concrete market in the coming years.
Gypsum Concrete Market Segmentation Insights
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Gypsum Concrete Market Type Outlook
- Poured Gypsum Concrete
- Precast Gypsum Concrete
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Gypsum Concrete Market Application Outlook
- Floor Underlayment
- Architectural Elements
- Repair and Maintenance
- Other Applications
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Gypsum Concrete Market Building Type Outlook
- Residential
- Commercial
- Industrial
- Infrastructure
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Gypsum Concrete Market End-User Outlook
- Contractors
- DIYers
- Architects and Designers
- Other End-Users
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Gypsum Concrete Market Regional Outlook
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North America
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Europe
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South America
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Asia Pacific
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Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
1.93 (USD Billion) |
| Market Size 2023 |
2.01 (USD Billion) |
| Market Size 2032 |
2.95 (USD Billion) |
| Compound Annual Growth Rate (CAGR) |
4.33% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
National Gypsum Company LLC, Rockwool International A/S, Chinese Building Materials Corporation, Knauf Insulation, Placo (SaintGobain), USG Corporation, Siniat SA, Continental Gypsum Company, Eternit, Knauf International GmbH, Doka Group, Gyproc (SaintGobain), Armstrong World Industries, Inc., Perfect Building Materials, LafargeHolcim Ltd |
| Segments Covered |
Type, Application, Building Type, End-User, Regional |
| Key Market Opportunities |
Rising construction activities Prefabrication and modular construction Growth in the energy sector Increasing adoption of green building materials |
| Key Market Dynamics |
Growing infrastructure development Rising urbanization Increasing demand for green buildings Government initiatives for affordable housing Technological advancements |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Gypsum Concrete Market is anticipated to reach a valuation of approximately 2.01 billion USD in 2023.
The Gypsum Concrete Market is projected to grow at a CAGR of around 4.33% from 2024 to 2032.
The North America region is anticipated to hold the largest market share in 2023.
Gypsum Concrete finds applications in various sectors, including construction, flooring, and precast concrete manufacturing.
Major players in the Gypsum Concrete Market include Saint-Gobain, USG Corporation, and Etex Group.
Growth in the construction industry, increasing demand for sustainable building materials, and government regulations promoting energy-efficient construction are key drivers.
Fluctuating raw material prices, competition from alternative materials, and stringent environmental regulations pose challenges to market growth.
By 2032, the Gypsum Concrete Market is estimated to reach a valuation of 2.95 billion USD.
The North America region is anticipated to register the highest growth rate during the forecast period.
Technological advancements, such as the development of lightweight and self-leveling gypsum concrete, are shaping the market.
