Synthetic Gypsum Market Size, Share, Trends, Industry Analysis Report: By Type, Application, End-User Industry, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2024-2032
The global synthetic gypsum market size is expected to reach USD 1,895.08 million by 2032, according to a new study by Polaris Market Research. The report "Synthetic Gypsum Market Size, Share, Trends, Industry Analysis Report: By Type [Flue Gas Desulfurization (FGD) Gypsum, Fluorogypsum, Phosphogypsum, Titanogypsum, and Others], Application, End-User Industry, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2024-2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increasing urbanization across the globe drives the synthetic gypsum market. Construction projects, including residential, commercial, and infrastructure improvements, increase with urbanization. For these construction projects, drywall and plaster goods are necessary, and one of its main ingredients is synthetic gypsum. Consequently, there is a growing need for synthetic gypsum as more buildings are constructed.
The rising adoption of synthetic gypsum in the agriculture sector is propelling the synthetic gypsum market. The benefits of synthetic gypsum in improving the health and structure of soil have drawn attention from the agricultural community. It increases soil tilth by loosening up compacted layers, which promotes root development and water infiltration, increasing crop yields and preserving soil fertility. This promotes the use of synthetic gypsum in farming methods, which in turn, propels the demand for artificial or synthetic gypsums.
The growth of the synthetic gypsum market is being fueled by increasing investments in research and development activities. Investments in R&D frequently result in the creation of novel and enhanced synthetic gypsum compositions. Innovations improve synthetic gypsum's performance attributes, such as its resilience to fire, longevity, and application simplicity. As a result, the demand for synthetic gypsum is rising across a number of industries, including the construction sector.
Synthetic Gypsum Market Report Highlights
The flue gas desulfurization (FGD) gypsum segment, by type, dominated the market and is expected to experience substantial growth during the forecast period due to the regulatory push for reduced sulfur dioxide emissions, leading to increased implementation of FGD systems. Additionally, the suitability of synthetic gypsum for various building applications and its lower environmental impact compared to natural gypsum are expanding its adoption among end-user industries.
In terms of application, the cement segment dominated the synthetic gypsum market in 2023 owing to the increasing demand for infrastructure development and residential construction. Furthermore, stringent environmental regulations encouraged cement producers to utilize by-products such as synthetic gypsum.
In the global synthetic gypsum market, North America holds the largest revenue share due to the advanced infrastructure development, coupled with stringent environmental regulations that encourage the use of by-products from flue-gas desulfurization processes such as synthetic gypsum.
Knauf Group; HOLCIM; Saint-Gobain S.A.; National Gypsum Services Company; James Hardie Industries plc.; Georgia-Pacific; Etex Group; Synthetic Materials; YOSHINO GYPSUM CO., LTD; American Gypsum Company, LLC; Beneficial Reuse Management are among the global key market players.
Polaris Market Research has segmented the synthetic gypsum market report on the basis of type, application, end-user industry, and region:
By Type Outlook (Revenue - USD Million, 2019-2032)
Flue Gas Desulfurization (FGD) Gypsum
Fluorogypsum
Phosphogypsum
Titanogypsum
Others
By Application Outlook (Revenue - USD Million, 2019-2032)
Cement
Gypsum Board
Soil Amendments
Dental
Other
By End-User Industry Outlook (Revenue - USD Million, 2019-2032)
Construction Industry
Agriculture Industry
Other
By Regional Outlook (Revenue - USD Million, 2019-2032)
North America
US
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Australia
Rest of APAC
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of MEA
Table of Contents
1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Synthetic Gypsum Market Insights
4.1. Synthetic Gypsum Market - Market Snapshot
4.2. Synthetic Gypsum Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Rising per capita income is driving the market growth.
4.2.1.2. Increasing adoption in the agriculture sector propels the market,
4.2.2. Restraints and Challenges
4.2.2.1. Rising availability of a substitute Type and complex material handling process associated with synthetic gypsum is hindering market growth.
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Synthetic Gypsum Market Application Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Synthetic Gypsum Market by Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Synthetic Gypsum Market, by Type, 2019-2032 (USD million)
5.3. Flue Gas Desulfurization (FGD) Gypsum
5.3.1. Global Synthetic Gypsum Market, by Flue Gas Desulfurization (FGD) Gypsum, by Region, 2019-2032 (USD million)
5.4. Fluorogypsum
5.4.1. Global Synthetic Gypsum Market, by Fluorogypsum, by Region, 2019-2032 (USD million)
5.5. Phosphogypsum
5.5.1. Global Synthetic Gypsum Market, by Phosphogypsum, by Region, 2019-2032 (USD million)
5.6. Titanogypsum
5.6.1. Global Synthetic Gypsum Market, by Titanogypsum, by Region, 2019-2032 (USD million)
5.7. Other
5.7.1. Global Synthetic Gypsum Market, by Other, by Region, 2019-2032 (USD million)
6. Global Synthetic Gypsum Market by Application
6.1. Key Findings
6.2. Introduction
6.2.1. Global Synthetic Gypsum Market, by Application, 2019-2032 (USD million)
6.3. Cement
6.3.1. Global Synthetic Gypsum Market, by Cement, by Region, 2019-2032 (USD million)
6.4. Gypsum Board
6.4.1. Global Synthetic Gypsum Market, by Gypsum Board, by Region, 2019-2032 (USD million)
6.5. Soil Amendments
6.5.1. Global Synthetic Gypsum Market, by Soil Amendments, by Region, 2019-2032 (USD million)
6.6. Dental
6.6.1. Global Synthetic Gypsum Market, by Dental, by Region, 2019-2032 (USD million)
6.7. Other
6.7.1. Global Synthetic Gypsum Market, by Other, by Region, 2019-2032 (USD million)
7. Global Synthetic Gypsum Market by End-user Industry
7.1. Key Findings
7.2. Introduction
7.2.1. Global Synthetic Gypsum Market, by End-user Industry, 2019-2032 (USD million)
7.3. Construction Industry
7.3.1. Global Synthetic Gypsum Market, by Construction Industry, by Region, 2019-2032 (USD million)
7.4. Agriculture Industry
7.4.1. Global Synthetic Gypsum Market, by Agriculture Industry, by Region, 2019-2032 (USD million)
7.5. Other
7.5.1. Global Synthetic Gypsum Market, by Other, by Region, 2019-2032 (USD million)
8. Global Synthetic Gypsum Market, by Geography
8.1. Key Findings
8.2. Introduction
8.2.1. Synthetic Gypsum Market Assessment, By Geography, 2019-2032 (USD million)
8.3. Synthetic Gypsum Market - North America
8.3.1. North America: Synthetic Gypsum Market, by Type, 2019-2032 (USD million)
8.3.2. North America: Synthetic Gypsum Market, by Application, 2019-2032 (USD million)
8.3.3. North America: Synthetic Gypsum Market, by End-user Industry, 2019-2032 (USD million)
8.3.4. Synthetic Gypsum Market - U.S.
8.3.4.1. U.S.: Synthetic Gypsum Market, by Type, 2019-2032 (USD million)
8.3.4.2. U.S.: Synthetic Gypsum Market, by Application, 2019-2032 (USD million)