Synthetic Gypsum Market Size, Report, Share, Overview And Future Forecast To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Synthetic Gypsum Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $2.2 billion In 2028 At A CAGR Of 6.8% :

The synthetic gypsum market size has grown strongly in recent years. It will grow from $1.58 billion in 2023 to $1.69 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to environmental regulations, coal combustion byproducts,construction industry growth, waste reduction, cost efficiency.

The synthetic gypsum market size is expected to see strong growth in the next few years. It will grow to $2.2 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to sustainability goals, infrastructure development, agricultural applications, recycling initiatives, rising energy production. Major trends in the forecast period include green building materials, agricultural soil amendment, advanced desulfurization technologies, coal combustion byproduct utilization, alternative cement binders.

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Synthetic Gypsum Market Major Segments
The synthetic gypsum market covered in this report is segmented -

1) By Type: Citrogypsum, Fluorogypsum, Phosphogypsum, Titanogypsum
2) By Application: Cement, Plaster, Drywall, Soil Amendments, Glass Manufacturing
3) By Industry: Construction Industry, Agriculture Industry

Key Driver - Construction Industry Boom Fuels Growth Of The Synthetic Gypsum Market

The growth of the construction industry is significantly contributing to the growth of the synthetic gypsum market. Synthetic gypsum and many of its products are mainly used in the construction sector for finishing mortar, model making, wall surface putty, and others. There is rapid growth in the construction industry due to favourable macroeconomic conditions, rising disposable incomes, and low interest rates. For instance, according to the National Investment Promotion and Facilitation Agency, the construction industry in India is expected to reach $1.4 trillion by 2025. The real estate industry in India is expected to reach $1 trillion by 2030.

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Prominent Trend - Rising Fgd Technology Adoption Reshapes The Synthetic Gypsum Market

The increase in adoption of Flue-Gas Desulfurization (FGD) technology is a major trend in the synthetic gypsum market. FGD is a process for removing sulphur compounds from the emissions of fossil fuel power plants. This technology results in an increase in the production of synthetic gypsum. Mitsubishi Power, for example, supplies FGD plants worldwide that prevent air pollution through their wet limestone-gypsum FGD process and seawater FGD process. India is planning to install FGD systems in a large number of coal-based thermal power plants by 2022.

Synthetic Gypsum Market Players
Major companies operating in the synthetic gypsum market include American Gypsum, Boral Limited, British Gypsum Limited, Continental Building Products Inc., Delta Gypsum LLC, Fertilizer Engineering & Equipment Company, Georgia-Pacific Gypsum LLC, Gessos Técnicos S.A., Knauf Gips KG, Lafarge Holcim Ltd., National Gypsum Company, PABCO Building Products LLC, Synthetic Materials LLC, USG Corporation, Constantia Building Products AG, BauMineral GmbH, Compagnie de Saint-Gobain SA, Drax Group plc, Compagnie de Saint-Gobain S.A., Steag GmbH, Transparent Technologies Limited, Travancore Titanium Products Limited, Synthetic Material LLC, Central Plains Cement Company, Eagle Materials Inc., Etex NV, Electric Power Research Institute Inc., Gypsum Management and Supply Inc., Yoshino Gypsum Co. Ltd.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the synthetic gypsum market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the synthetic gypsum market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Synthetic Gypsum Market Report Structure
3. Synthetic Gypsum Market Trends And Strategies
4. Synthetic Gypsum Market - Macro Economic Scenario
5. Synthetic Gypsum Market Size And Growth
…..
27. Synthetic Gypsum Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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