Synthetic Gypsum Market

Synthetic Gypsum Market Size and Share Analysis

Latest Market estimations released by Persistence Market Research (PMR), global Synthetic Gypsum Market is all set to witness robust growth opportunities over 2023 to 2033 period. Extraordinary rise in adoption of gypsum for decorative appications across commercial and residential building is promoting sales.

Sales prospects is anticipated to touch a valuation of around US$ 3,950.4 Million by 2033 end, registering a healthy CAGR of around 5.3% in the global market.

Synthetic or artificial gypsum is a type of gypsum manufactured by artificial means. It is obtained as a by-product in industrial processing. It is composed of calcium sulfate dihydrate and has the same characteristics as natural gypsum. Gypsum is a versatile product and can be produced by a wide array of production methods.

Based on production method, gypsum can be categorized as flue-gas desulfurized (FGD) gypsum, fluorogypsum, phosphogypsum, citrogypsum, and titanogypsum. Among this Flue gas desulfurized gypsum is widely accepted production route.

Synthetic gypsum is a type of gypsum that is gaining adequate traction in the market. Natural gypsum is usually obtained through mining. Due to the limited presence of reserves in certain countries, production of synthetic gypsum is rising rapidly to cater the growing gypsum demand. Sales of synthetic gypsum currently contribute around 47% of the overall revenue of the global gypsum market. This share is anticipated to gain additional BPS points over the forecast period as the propensity towards tailored products increases.

Historical (2018 to 2022) V/s Forecast (2023 to 2033) Market Outlook

The historical performance in terms of sales of synthetic gypsum was quite satisfactory. Sales were grown with healthy CAGR despite of various economic challenges faced by every sector of economy. Gypsum boards and drywall have traveled a long journey in a short time, from nothing to one of the most widely used construction materials across the residential sector in the world. Inclination towards interior desiginig to provide premium and aesthetic appeal to interiors has played a leading role in market growth.

The demand for gypsum is getting more versatile day by day. Numerous specifications of synthetic calacium Sulphate bi-hydrate cater to a wide array of end-use industries. Food additive, cement manufacturing, and plant growth promoters are the examples of few leading consumer industries of synthetic gypsum. Such industries are creating huge demand for synthetic gypsum. Growth in such industries is anticipated to promote consumption of global market with an average grwoth rate of 5.3% over 2023 to 2033 period.

Market Dynamics

Rising Use of Synthetic Gypsum Products in Home Interiors to Augment Market Growth

Modern technology has elevated construction design to the level of an art. Gypsum is a substance that is increasingly gaining popularity. From creative ceiling designs to straightforward wall decor, this adaptable material is an amazing addition to the toolkit of any interior designer.

Synthetic gypsum is an energy-efficient substance that can be used to insulate rooms and lower energy usage in homes, making it an ideal choice for use in interior design. The exposed wiring can be effectively concealed with it without appearing bulky or out of place. The material's ability to absorb sound makes it ideal for residences in busy neighborhoods.

Gypsum is gaining popularity at remarkable growth rates. For instance, according to a study, more than 1,500 million m2 of European interior surfaces are covered every year with synthetic gypsum in the form of plasterboards, blocks, or plaster. Another study, which was published by the United States Geological Survey (USGS), stated that the construction of an average home consumes more than 7 tons of gypsum during its construction period.

Owing to such commercial adoption, the home interior and decorative industry is anticipated to present a maximum number of high growth opportunities for the manufacturers operating in the market over the forecast period.

Benefits Of Gypsum In Agriculture Industry To Foster Market Growth

While farmers have used gypsum (calcium sulfate dihydrate) for centuries, it has received renewed attention in recent years, owing to several benefits of gypsum, such as:

Source of Calcium and Sulfur for Plant Nutrition: Plants are becoming more deficient in sulfur, as the degrading soil quality is not able to supply enough nutritions. Being a ample source of sulfur, gypsum is gaining attention as a viable solutions to this problem.

Enhances acid soils and treatments aluminum toxicity: Gypsum has the ability to lessen aluminum toxicity, which frequently coexists with soil acidity, particularly in subsoils. This is one of the substance's key benefits.

Enhances soil structure: Aggregation, or flocculation, is necessary to create a conducive soil environment for root development as well as air and water circulation. Gypsum has long been used to enhance aggregation and reduce or eliminate dispersion in sodic soils.

Rapidly Growing Construction Industry Supporting Growth of Gypsum Market

The main market for synthetic gypsum is the building and construction sector. Gypsum has numerous uses, and the enormous demand it generates from the building sector makes it reliant on the expansion of that sector. Cement manufacture, plaster production, drywall production, and interior design are a few of the most popular uses.

Over recent years, the construction industry has witnessed substantial growth opportunities. The construction of residential buildings has played a dominant role in industrial growth. Numerous applications of gypsum in the construction industry, especially across the residential sector, are anticipated to promote market growth over the forecast period.

Availability of Substitutes to Hamper Growth of Gypsum Market to Hamper Growth of Gypsum Market

Gypsum has several substitutes, especially in the construction industry, which may hinder the growth of the gypsum market.

In applications such as stucco and plaster, cement and lime may be substituted for gypsum; brick, glass, metallic or plastic panels, and wood may be substituted for wallboard.

Gypsum has no practical substitute in the manufacturing of Portland cement. Synthetic gypsum generated by various industrial process, including FGD of smokestack emissions, is vital as a substitute for mined gypsum in wallboard manufacturing, cement production, and other applications.

Increasing number of substitutes for synthetic gypsum may limit the growth of the gypsum market in the coming years.

Country-wise Analysis

What Is The Demand Potential Of United States Synthetic Gypsum Market?

“Remarkable presence of natural gypsum to limit the demand of synthetic gypsum.”

The United States is the second-largest producer of gypsum after China. According to World Mining Data, the total amount of gypsum mined in the United States in 2020 was estimated to be around 22 million tons. In the United States, drywall and plasterboards are frequently used to separate interior spaces. Due to this, the country is regarded as the world's top user of drywall and plasterboards. Adequate presene of gypsum reserves and ample production of its bi-products places the country among key traders in the global market.

What is the growth outlook for China Synthetic Gypsum Market?

“Booming Chinese contruction industry to present robust growth opportunities”

During the past few years, the Chinese construction market has expanded significantly. According to a report that was published, China's construction sector would surpass a US$ 4.5 trillion valuation in 2021. Throughout the projection period, the industry is expected to see a CAGR of 4.1%.

Given its huge population and sophisticated industrial infrastructure, China's building sector has tremendous potential. Corona virus infection and the economic downturn have had a number of negative effects on the Chinese economy; manufacturing and construction were particularly hard hit. Considering the short-term outlook, it is projected that demand for synthetic gypsum would expand slowly. But, over the long term, it is projected that the industry would rebound quickly and offer significant room for expansion for the firms that serve it.

What Is The Commercial Potential Indian Synthetic Gypsum Industry?

“Indian Infrastructural investment to set new growth avenues”

Indian infrastructure industry serves as a key promoter of Indian economy. Because of its importance to India's overall economy and ability to ensuring that world-class infrastructure is constructed in the country on schedule, the government is spending a lot of attention on this sector. In other words, the infrastructure sector acts as a promoter of India's demand for cement by promoting the growth of allied businesses such as residential and commercial projects, bridges, highways, and construction projects. In the production of cement, synthetic gypsum holds a monopoly and is the material of choice. Hence, the growing cement demand is anticipated to promote the market growth in India.

Category-wise Insights

Which Is The Most Grossing Product Type Of Synthetic Gypsum?

“Cost Efficiency Of Flue Gas Desulfurized Gypsum To Present New Growth Avenues”

The flue gas desulfurized gypsum product type of synthetic gypsum is found suitable in the production processes of numerous construction materials, such as Portland cement, plaster, and various others. With ease of production and a low production cost, the flue gas desulfurized gypsum product type of synthetic gypsum is gaining maximum traction and adding the most BPS points among all product types of synthetic gypsum.

Synthetic gypsum is a suitable alternative for natural gypsum, especially flue gas desulfurized gypsum, which holds more than 90% market share. Such a growth pace is anticipated to replace natural gypsum over a very short period of time.

Competitive Landscape

Prominent manufacturers involved in the production of gypsum are laying emphasis on expansion by establishing new plants that will help them to increase their production capacities and gain access to new distribution networks, which is expected to increase their customer base.

In line with this, in March 2020, Knauf AG announced plans for a second gypsum wallboard production line in Bukhara, Bukhara region. The plans also include an investment of US$ 2.4 Mn in an additional gypsum mixture line at its Bukharagips plant.

Price competitiveness can help players avoid the trial and error cost of the price-setting process and help them to set the price at the same level as competitors.

Scope of Report

Key Segments Covered in Synthetic Gypsum Industry Research

By Product Type:

• Flue Gas Desulfurization Gypsum
• Citrogypsum
• Fluorogypsum
• Phosphogypsum
• Others

By End-use:

• Cement
• Drywall
• Plaster
• Soil Amendments
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• MEA

To know more about delivery timeline for this report Contact Sales