Gypsum Market Growth Dynamics and Outlook To 2029
The Global Gypsum Market demonstrates steady expansion. Valued at USD 2.46 billion in 2021, the market reaches USD 3.53 billion by 2029, growing at a CAGR of 4.60% during 2022–2029. This report analyzes market dynamics, segmentation, drivers, restraints, opportunities, and competitive landscape, based exclusively on Data Bridge Market Research insights.
Understanding Gypsum
Gypsum (calcium sulfate dihydrate) serves in construction (plasterboards, partitions), agriculture (soil amendment for calcium/sulfur), and industry (cement retarder). Types include natural and synthetic; applications cover pre-engineered buildings, residential, commercial, and institutional sectors. Globally, it supports green building with fire resistance and recyclability.
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Market Size and Growth Projections
Construction and agriculture demand fuel growth. Valued at USD 2.46 billion in 2021, the market reaches USD 3.53 billion by 2029 at a CAGR of 4.60% (2022–2029).
| Year/Period | Market Value (USD Billion) | CAGR (%) |
|---|---|---|
| Base Year (2021) | 2.46 | - |
| Forecast (2022–2029) | Projected to 3.53 by 2029 | 4.60 |
Asia-Pacific dominates in share and revenue from urbanization and construction. North America shows lucrative growth.
Market Segmentation
By Type
- Impression Plaster
- Model Plaster
- Dental Stone
- Dental Stone High Strength
- Dental Stone High Expansion
By Product
- Natural
- Synthetic
By Setting Type
- Hygroscopic Setting Expansion
- Normal Setting Expansion
By Application
- Pre-Engineered Metal Buildings
- Residential
- Industrial
- Commercial
- Institutional
Key Drivers Fueling Growth
- High agricultural demand → Source of calcium/sulfur for plant nutrition and soil improvement.
- Rising disposable income → Boosting construction.
- Growth in air trade and real estate spending.
- Need for high-end residential homes.
Restraints/Challenges
- Raw material price fluctuations → From import tariffs.
- Installation complications → Moisture/temperature exposure in kitchens/bathrooms.
Opportunities
- Trend in single/multi-family constructions.
- Digital solutions adoption.
- Technological advancements.
Competitive Landscape
Major players include:
- Knauf Gips KG (Luxembourg)
- Saint Gobain (France)
- Boral (Australia)
- NATIONAL GYPSUM PROPERTIES, LLC (U.S.)
- Etex Group (Belgium)
- Holcim (Switzerland)
- YOSHINO GYPSUM CO., LTD (Japan)
- Mada Gypsum (Saudi Arabia)
- ZAWAWI MINERALS LLC (Oman)
- Gypsemna Co LLC (UAE)
- Global Mining Company (Oman)
- Gulf Gypsum Industrial (UAE)
- VANS Gypsum (India)
- Osman Group (Bangladesh)
The report covers overviews, financials, revenue, R&D, initiatives, presence, sites, capacities, strengths/weaknesses, launches, dominance.
Recent Developments
Includes trade regulations, import-export, production, value chain, share impacts, revenue pockets, regulatory changes, growth analysis, category growths, niches, approvals, launches, expansions, innovations.
Future Trends and Opportunities
Trends emphasize digital adoption and advancements. Opportunities in construction and agriculture.
Conclusion
The Global Gypsum Market advances to USD 3.53 billion by 2029 at 4.60% CAGR, building sustainably. Stakeholders should leverage agriculture to address prices and seize residential opportunities. Prioritizing Asia-Pacific's urbanization will ensure solid progress.
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