The Synthetic Gypsum Global Market Report 2023, provides comprehensive information on the synthetic gypsum market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Synthetic Gypsum Global Market Report 2023, the market size is expected to grow from $1.49 billion in 2022 to $1.57 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The synthetic gypsum market size is expected to grow to $1.95 billion in 2027 at a CAGR of 5.6%.
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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 instal FGD systems in a large number of coal-based thermal power plants by 2022.
The synthetic gypsum market is segmented:
1) By Type: Citrogypsum, Fluorogypsum, Phosphogypsum, and Titanogypsum
2) By Application: Cement, Plaster, Drywall, Soil Amendments, and Glass Manufacturing
3) By Industry: Construction Industry, Agriculture Industry
North America was the largest region in the synthetic gypsum market in 2022.
The table of contents in TBRC’s synthetic gypsum market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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