Gypsum exhibits diverse applications, primarily in construction. As a building material, it is used for drywall, plastering, and ceiling tiles due to its fire-resistant, sound-absorbing, and insulating properties. Gypsum plays a crucial role in cement production as a setting regulator. Additionally, it's used in sculpture and art for its workability when mixed with water. Its versatile characteristics make gypsum indispensable in construction, agriculture, manufacturing, and the arts.
According to Data Bridge Market Research, the Global Gypsum Market accounted for USD 2.46 billion in 2021 and is expected to reach USD 3.53 billion by 2029. The market is expected to grow with a CAGR of 4.60% in the forecast period of 2022 to 2029.
“Increased demand within the agriculture sector boosts the market’s growth”
The gypsum market is experiencing substantial growth due to increased demand within the agriculture sector. Gypsum, when applied to soil, acts as a soil conditioner, improving its structure and nutrient retention capacity. This enhances crop yields and quality, making it invaluable for modern agriculture practices. As global food demands rise, driven by population growth, the need for gypsum to optimize agricultural productivity is increasing, thereby boosting the gypsum market's growth as an essential component in sustainable farming practices.
What restraints the growth of the global gypsum market?
“Fluctuations in raw material prices restraints the market’s growth”
The growth of the gypsum market faces constraints due to fluctuations in raw material prices. Gypsum production relies on minerals such as calcium sulfate, which are subject to price variations. These fluctuations can disrupt supply chains and impact production costs. Consequently, gypsum product prices may become less predictable and less competitive in the construction and agriculture sectors.
Segmentation: Global Gypsum Market
The global gypsum market is segmented on the basis of type, product, setting type, and application.
- On the basis of type, the gypsum market is segmented into impression plaster, model plaster, dental stone, dental stone high strength, and dental stone high expansion.
- On the basis of product, the gypsum market is segmented into natural, synthetic.
- On the basis of setting type, the gypsum market is segmented into hygroscopic setting expansion, normal setting expansion.
- On the basis of application, the gypsum market is segmented into pre-engineered metal buildings, residential, industrial, commercial, and institutional.
Regional Insights: Asia-Pacific dominates the Global Gypsum Market
Asia-Pacific dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029 due to the well-established construction sector and a surge in construction projects. With a thriving industry and an increasing number of construction ventures, the demand for gypsum, a key construction material, is on the rise, fueling market expansion.
North America is estimated to show lucrative growth over the forecast period of 2022-2029, due to the strong presence of prominent manufacturers. These industry leaders contribute to the region's economic development, technological advancements, and product innovation. Their established presence fosters market growth through a combination of expertise, production capabilities, and market influence.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-gypsum-market
The Prominent Key Players Operating in the Global Gypsum Market Include:
- Knauf Gips KG (Luxemborg)
- Saint Gobain (France)
- Boral (Australia)
- NATIONAL GYPSUM PROPRETIES, LLC (U.S.)
- Etex Group (Belgium)
- Holcim (Switzerland)
- YOSHINO GYPSUM CO., LTD (Japan)
- Mada Gypsum (Saudi Arabia)
- ZAWAWI MINERALS LLC (Oman)
- Gypsemna Co LLC (UAE)
- Global Mining Company (Oman)
- Gulf Gypsum Industrial (UAE)
- VANS Gypsum (India)
- Osman Group (India)
Above are the key players covered in the report, to know about more and exhaustive list of global gypsum market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Gypsum Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
