Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Synthetic Gypsum Market Size

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

The synthetic gypsum market is influenced by several market factors that shape its dynamics and growth trajectory. One of the key drivers of this market is the increasing demand for sustainable construction materials. As environmental concerns gain prominence, the construction industry is shifting towards eco-friendly alternatives, and synthetic gypsum, derived from industrial by-products, fits the bill. Its use in construction not only reduces the environmental impact but also helps in waste management.

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.

Additionally, government regulations play a crucial role in shaping the synthetic gypsum market. Stringent environmental regulations imposed by various countries to limit emissions from industries have led to the adoption of synthetic gypsum as an alternative to natural gypsum. This regulatory environment has prompted industries to invest in cleaner technologies, further boosting the demand for synthetic gypsum.

The construction industry itself is a major factor influencing the synthetic gypsum market. The surge in construction activities, driven by urbanization and infrastructure development, has led to an increased demand for gypsum-based products. Synthetic gypsum, being a cost-effective and sustainable alternative, has gained traction in the construction sector, further propelling market growth.

Furthermore, the rising awareness about the benefits of synthetic gypsum among end-users contributes to its market expansion. As consumers become more conscious of the environmental impact of construction materials, there is a growing preference for products that utilize synthetic gypsum. This awareness is driving manufacturers to incorporate synthetic gypsum into their product offerings, fostering market growth.

The energy industry is another significant factor influencing the synthetic gypsum market. The increasing demand for clean energy sources has led to a rise in the number of coal-fired power plants equipped with flue gas desulfurization (FGD) systems. These systems produce synthetic gypsum as a by-product, creating a substantial supply of synthetic gypsum for various applications.

Economic factors also play a role in shaping the synthetic gypsum market. The cost-effectiveness of synthetic gypsum compared to natural gypsum makes it an attractive option for manufacturers. As the cost of raw materials continues to fluctuate, industries seek more economical alternatives, and synthetic gypsum presents itself as a viable solution.

Moreover, technological advancements contribute to the growth of the synthetic gypsum market. Ongoing research and development efforts focus on improving the production processes and quality of synthetic gypsum, making it more versatile and suitable for a broader range of applications. These technological innovations enhance the overall competitiveness of synthetic gypsum in the market.

Market competition and consolidation are additional factors influencing the synthetic gypsum market. The presence of key players and strategic collaborations within the industry contribute to market dynamics. As companies strive to gain a competitive edge, innovation, product differentiation, and efficient supply chain management become pivotal in shaping the market landscape.

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

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.