Synthetic Gypsum

Synthetic Gypsum

Global Synthetic Gypsum Market to Reach US$2.4 Billion by 2030

The global market for Synthetic Gypsum estimated at US$1.7 Billion in the year 2023, is expected to reach US$2.4 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2023-2030. FGD gypsum, one of the segments analyzed in the report, is expected to record a 4.9% CAGR and reach US$854.3 Million by the end of the analysis period. Growth in the Fluroogypsum segment is estimated at 5.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$462.9 Million While China is Forecast to Grow at 7.9% CAGR

The Synthetic Gypsum market in the U.S. is estimated at US$462.9 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$521.3 Million by the year 2030 trailing a CAGR of 7.9% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.8% and 4.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.

Global Synthetic Gypsum Market - Key Trends and Drivers Summarized

Why Is Synthetic Gypsum Gaining Popularity in Construction?

Synthetic gypsum is experiencing growing demand, particularly in the construction industry, where it serves as a vital ingredient in drywall and cement production. Produced as a byproduct from coal-fired power plants through flue gas desulfurization (FGD) processes, synthetic gypsum is a sustainable alternative to natural gypsum. Its environmental benefits, such as reducing waste and greenhouse gas emissions, align with the increasing focus on green building practices. Additionally, its consistency and chemical composition make it preferable for manufacturing high-quality building materials, fueling its adoption across the industry.

What Technological Advances Are Shaping the Synthetic Gypsum Market?

Technological innovations in synthetic gypsum production are driving its growth, particularly in construction. Improved FGD processes allow for more efficient recovery of gypsum from power plant emissions, which enhances its quality and availability. In addition, research into lightweight drywall and cement formulations incorporating synthetic gypsum has further expanded its application. The development of new synthetic gypsum types with enhanced properties, such as greater strength and resistance to mold, is propelling market expansion into areas like agriculture, where it is used as a soil conditioner.

Which Segments Are Driving the Synthetic Gypsum Market?

Key segments include FGD gypsum, phosphogypsum, and others like citrogypsum. FGD gypsum holds the largest market share, driven by its use in the construction industry for making drywall and cement. The market also benefits from its application in agriculture, where it improves soil structure and nutrient absorption. End-use industries span construction, agriculture, and mining, with construction accounting for the majority of demand due to the widespread use of gypsum in building materials.

What Factors Are Fueling Growth in the Synthetic Gypsum Market?

The growth in the synthetic gypsum market is driven by several factors, including increasing demand for sustainable construction materials, advancements in FGD technology, and government regulations promoting environmentally friendly building practices. Additionally, the rising use of synthetic gypsum in agriculture to improve soil health and reduce environmental impact is a significant contributor. The expansion of infrastructure projects, particularly in developing regions, and the focus on reducing carbon footprints in manufacturing processes are further propelling market growth.

Select Competitors (Total 12 Featured) -

• American Gypsum
• British Gypsum
• CertainTeed Corporation
• Continental Building Products, Inc.
• Delta Gypsum
• Feeco International, Inc.
• Georgia-Pacific Building Products
• Gyptec Iberica
• Knauf Gips KG
• National Gypsum Company
• PABCO Gypsum
• Synthetic Materials
• USG Corporation

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