Global Gypsum Market – Industry Trends and Forecast to 2029

Global Gypsum Market, By Type (Impression Plaster, Model Plaster, Dental Stone, Dental Stone High Strength, Dental Stone High Expansion), Product (Natural, Synthetic), Setting Type (Hygroscopic Setting Expansion, Normal Setting Expansion), Application (Pre-Engineered Metal Buildings, Residential, Industrial, Commercial, Institutional) – Industry Trends and Forecast to 2029

Market Analysis and Size

The global gypsum market has seen amazing growth in recent years, and it is expected that the global market will continue to grow significantly throughout the forecast period. The expansion in the constructional industry, where the demand for gypsum has caught the attention of a growing market for application segment worldwide, is a prominent factor contributing to the market's growth. The construction industry is at its peak in the modern world, and it has created a lot of growth opportunities in the global market.

Global Gypsum Market was valued at USD 2.46 billion in 2021 and is expected to reach USD 3.53 billion by 2029, registering a CAGR of 4.60% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Report Scope and Market Segmentation

Market Definition

Gypsum is a lightweight construction material that is commonly utilized in the interiors and exteriors of residential and non-residential structures as walls, ceilings, and partitions. They are commonly referred to as drywall, wallboard, or plasterboard and can be screwed, nailed, or adhered directly to wood and metal framing or existing surfaces. Gypsum boards are superior than plywood, hardboard, and fiberboard in terms of sound control, versatility, quality, and convenience. Their non-combustible core distinguishes them from plywood, hardboard, and fiberboard.

Gypsum Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• High Demand within Agriculture

For plant nutrition, gypsum is a significant supply of calcium and Sulphur. Sulfur deficiency is becoming increasingly common in plants, because the soil isn't giving enough of it. Gypsum is a great source of Sulphur for plant nutrition and crop yield enhancement. Gypsum is also utilized to improve the structure of soil. Flocculation, or aggregation, is required for root growth as well as air and water flow in the soil. For many years, gypsum has been employed in sodic soils to increase aggregation and restrict or overcome dispersion. Therefore, due to the aforementioned benefits of gypsum, its use in agriculture is rapidly rising.

The increase in disposable income will further propel the growth rate of gypsum market. Additionally, the growth in trade by air transportation will also drive market value growth. The rise in government spending in the real estate market for residential construction and the growing need for high-end residential homes are projected to bolster the growth of the market.

Opportunities

• Digital Solutions and Trends

Furthermore, the high adoption of digital solutions and rising spending on technological advancements extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the rising trend of single-family and multi-family house constructions will further expand the future growth of the gypsum market.

Restraints/Challenges

• Fluctuations in Raw Material Prices

The fluctuation in the cost of raw materials due to increased import tariffs will create hindrances for the growth of the gypsum market.

• Complications In The Installation

Also, there are a few roadblocks to the global gypsum board market's growth, such as extreme moisture exposure and rising temperatures, which pose various complications in the installation process of areas such as kitchens and bathrooms due to product deterioration. This factor will pose as a major challenge for the market.

This gypsum market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the gypsum market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Gypsum Market

The recent outbreak of coronavirus had a negative impact on the gypsum market. One of the primary industries suffering the most losses as a result of the global epidemic is gypsum board. Due to COVID 19, the use of gypsum board as a covering material for interior ceilings and walls in commercial and residential buildings has been severely hampered. Basement walls, kitchens, bathrooms, laundry, utility rooms, and water closets are all places where gypsum board is used as a tile backer. Interstate travel bans, lockdown laws, and safety measures have slowed construction projects in several emerging countries, affecting the gypsum board market outlook. The pandemic has had a detrimental impact on the global market.

Global Gypsum Market Scope

The gypsum market is segmented on the basis of type, product, setting type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Impression Plaster
• Model Plaster
• Dental Stone
• Dental Stone High Strength
• Dental Stone High Expansion

Product

• Natural
• Synthetic

Setting Type

• Hygroscopic Setting Expansion
• Normal Setting Expansion

Application

• Pre-Engineered Metal Buildings
• Residential
• Industrial
• Commercial
• Institutional

Gypsum Market Regional Analysis/Insights

The gypsum market is analysed and market size insights and trends are provided by country, type, product, setting type and application as referenced above.

The countries covered in the gypsum market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

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. The market growth over this region is attributed to the e well-established construction industry coupled with growing construction projects in this particular region.

On the other hand, North America is estimated to show lucrative growth over the forecast period of 2022-2029, due to the strong presence of prominent manufacturers within the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Gypsum Market Share Analysis

The gypsum market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to gypsum market.

Some of the major players operating in the gypsum market are

• 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 (Bangladesh)