Overview and Scope
Synthetic gypsum is a byproduct of a variety of industrial processes.Synthetic gypsum is mainly composed of calcium sulphate dihydrate, which is mainly used in the construction and agricultural industries for cement production, soil conditioning, and others.
Sizing and Forecast
The synthetic gypsum market size has grown strongly in recent years. It will grow from <b>$1.58 billion in 2023 to $1.69 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. </b> 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 <b>$2.2 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. </b> 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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Segmentation & Regional Insights
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
<b>North America</b> was the largest region in the synthetic gypsum market in 2023. <b>Asia-Pacific</b> 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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the synthetic gypsum market include <b> 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. </b>
The synthetic gypsum market report table of contents includes:
1. Executive Summary
2. Synthetic Gypsum Market Characteristics
3. Synthetic Gypsum Market Trends And Strategies
4. Synthetic Gypsum Market – Macro Economic Scenario
5. Global Synthetic Gypsum Market Size and Growth
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31. Global Synthetic Gypsum Market Competitive Benchmarking
32. Global Synthetic Gypsum Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Synthetic Gypsum Market
34. Synthetic Gypsum Market Future Outlook and Potential Analysis
35. Appendix
Top Major Players:
American Gypsum
Boral Limited
British Gypsum Limited
Continental Building Products Inc
Delta Gypsum LLC
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