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Synthetic Gypsum Market Share

ID: MRFR//6491-HCR | 107 Pages | Author: Snehal Singh| April 2024

Competition followed by consolidation are some other aspects impacting change within Synthetic Gypsum Market dynamics. Industry presence of major players beside strategic collaborations are few examples. Businesses keep on developing strategies that meet customers’ needs which include innovation, product differentiation as well as efficient supply chain management so as better understand what shapes this space.

On top of that energy sector represents another key determinant within Synthetic Gypsum Market because there are increased numbers coal powered plants adopting flue gas desulphurization system(FGDs). As result these systems churn out Gypcrete thus starting to build up very stable supply base that can be used for variety applications.

Similarly, competition and then consolidation are some other factors which change the dynamics of synthetic gypsum market. This includes major players in the industry as well as partnerships among some market factors. These companies are always focusing on meeting their customers’ demands through innovation, product differentiation, and efficient supply chain management that have influenced the landscape of this area.

Additionally, strategic alliances and partnerships could make a difference between products thereby positioning market share within Synthetic Gypsum Market. For instance, sometimes raw material suppliers team up with producers or sellers in order to streamline supply chains, take advantage of economies of scale and maintain sustainable availability of synthetic gypsum. The joint efforts may also lead to the introduction of new technologies or processes that would enable companies to outperform competitors and improve their market position.

Moreover, geographical expansion is one way through which companies seek to increase their shares in the Synthetic Gypsum Market. Firms aim at penetrating developing markets where global demand for artificial gypsum continues growing or areas considered unexploited. In this case an effective expansion means understanding local rules and regulations, consumer behavior trends as well as preferences hence achieving efficiency when penetrating new markets and gain competitive advantage.

In addition, another popular market share positioning strategy within the Synthetic Gypsum Market is being a cost leader. Businesses are always looking forward to drive operational efficiencies, enhancing production processes and lowering costs in order to enable them sell synthetic gypsum products at very competitive prices. This lets them capture larger areas of the market by presenting attractive pricing that does not compromise on issues of quality favored by those consumers who are price sensitive.

Additionally, sustainability and environmental considerations have increasingly become important in the Synthetic Gypsum Market. Because they come with regulatory bodies’ approval, customers prefer companies that brand themselves as Green Organization. Recycling procedures and lowering carbon footprint are some of the sustainable practices that do fit well into global campaigns but more importantly increase brand credibility hence customers will develop positive attitudes towards buying it leading to increase in revenues.

Synthetic Gypsum Market Overview

Synthetic gypsum market is expected to witness a CAGR of around 4.5% during the forecast period and is expected to be valued at USD 2.23 billion by the end of the forecast period 2022-2030.

The market of synthetic gypsum has been witnessing moderate growth in the past couple of years. The demand for synthetic gypsum is expected to be driven by growing the construction in the emerging economies, the increase in urban population, and the various applications in the agriculture industry.

Regional Analysis

The global synthetic gypsum market has been segmented into regions of North America, Europe, Asia-Pacific, and Rest of the world (RoW). Asia-Pacific held the largest share of the global market, followed by North America and Europe in 2020. The reason for the market growth is the presence of population dense countries, such as China and India.

The growth of the construction industry and the improvement in financial conditions are anticipated to drive the global synthetic gypsum market in this region. Moreover, rapid industrialization and urbanization in emerging economies, such as China, India, and Japan are expected to contribute significantly to the market growth.

Market Players

The players in the synthetic gypsum market include LafargeHolcim (Switzerland), NATIONAL GYPSUM (US), Knauf Gips KG (Germany), American Gypsum (US), Georgia-Pacific Gypsum LLC (US), Synthetic Materials (US), PABCO Gypsum (US), Saint-Gobain (France), Gyptec IBÉRICA (Portugal), FEECO International, Inc. (US), and CONTINENTAL BUILDING PRODUCTS (US).

Market Segmentation

The global synthetic gypsum market has been segmented based on type and application. On the basis of type, the market has been segmented  as FGD gypsum, citrogypsum, fluorogypsum, phosphogypsum, and others. The FGD gypsum segment held the largest market share in market of synthetic gypsum in 2018 and is expected to grow at the highest CAGR during the forecast period. The market of FGD gypsum is growing with the growth in the agriculture sector as it is used as a fertilizer for improving crop yield. It meets the need for as sulfur or calcium fertilizer in the soil.

On the basis of application, the market has been segmented into cement, drywall, soil amendment, glass manufacturing, plaster, and others. The drywall segment held the largest market share in the synthetic gypsum market due to the growing various construction activities in emerging countries. With the growing urbanization, there has been a corresponding need for residential spaces, which lead to the demand for synthetic gypsum.

The global synthetic gypsum market is fairly competitive with a moderate number of players, across the globe. The players are expected to adopt various strategies to expand their global presence and increase their market shares. Some of the key strategies adopted by the players include focus on high quality product, cost-effectiveness, strategic mergers and acquisitions.

Synthetic gypsum is extensively used in construction applications, such as drywall, cement, and plaster. Governments are focused on developing their infrastructure for the improvement of regions and countries. Therefore, they are introducing various reforms and regulations for boosting their infrastructure and real-estate industries. Such regulations are expected to enable the growth of the construction industry, driving the synthetic gypsum market. Investments in the research and development activities is an opportunity in the market growth.

Intended Audience

  • Raw material suppliers

  • Synthetic gypsum distributers/suppliers

  • End users

  • Product manufacturers

  • Regulatory bodies

  • Environmental protection bodies

  • Market research and consulting firms

  • Associations and industrial bodies

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