What is Global Gypsum Market?
The Global Gypsum Market is a vast and dynamic sector that encompasses a wide range of products and applications. Gypsum, a naturally occurring mineral, is primarily used in the construction industry for its excellent properties such as fire resistance, sound insulation, and versatility. The global market for gypsum is a multi-billion-dollar industry, with a significant portion of the market share held by a handful of key players. The market is driven by the increasing demand for gypsum in the construction industry, particularly in developing countries where rapid urbanization and industrialization are taking place. However, the market also faces several challenges, such as the fluctuating prices of raw materials and the environmental impact of gypsum mining. Despite these challenges, the global gypsum market is expected to grow steadily in the coming years, thanks to the ongoing research and development activities aimed at improving the properties and applications of gypsum.
Plasterboard, Plaster Block, Gypsum Fibreboard, Decorative Plaster, Others in the Global Gypsum Market:
The Global Gypsum Market is segmented into various products such as Plasterboard, Plaster Block, Gypsum Fibreboard, Decorative Plaster, and Others. Each of these products has its unique properties and applications, making them suitable for different sectors. Plasterboard, for instance, is widely used in the construction industry for its excellent fire resistance and sound insulation properties. Plaster Block, on the other hand, is used in the manufacturing of building materials due to its high strength and durability. Gypsum Fibreboard is another important product in the market, known for its high impact resistance and flexibility, making it ideal for use in areas prone to natural disasters. Decorative Plaster is used in the interior design industry for its aesthetic appeal and versatility. The Others segment includes various other gypsum-based products that are used in different industries. Despite the diverse range of products, the market is dominated by a few key players who hold a significant share of the market.
Partitions and the Lining of Walls, Ceilings, Roofs, Floors, Others in the Global Gypsum Market:
The Global Gypsum Market finds its application in various areas such as Partitions and the Lining of Walls, Ceilings, Roofs, Floors, and Others. Gypsum is an excellent material for partitions and the lining of walls due to its fire resistance and sound insulation properties. It is also used in ceilings and roofs for its lightweight and durability. Gypsum is also used in floors for its high impact resistance and flexibility. The Others segment includes various other applications of gypsum in different sectors. Despite the diverse range of applications, the market is dominated by a few key players who hold a significant share of the market.
Global Gypsum Market Outlook:
The Global Gypsum Market outlook is quite promising. In 2022, the market was valued at US$ 16320 million and is expected to reach US$ 22290 million by 2029. This represents a compound annual growth rate (CAGR) of 4.5% during the forecast period from 2023 to 2029. North America holds the lion's share of the market, accounting for more than 35% of the total revenue. This growth can be attributed to the increasing demand for gypsum in the construction industry, particularly in developing countries where rapid urbanization and industrialization are taking place. Despite the challenges such as fluctuating prices of raw materials and the environmental impact of gypsum mining, the market is expected to grow steadily in the coming years.
| Report Metric | Details |
| Report Name | Gypsum Market |
| Accounted market size in 2022 | US$ 16320 in million |
| Forecasted market size in 2029 | US$ 22290 million |
| CAGR | 4.5% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Knauf (US Gypsum Corp), Saint-Gobain (Continental Building Products), National Gypsum, BNBM, Georgia Pacific, Yoshino Gypsum Co., Ltd, American Gypsum, PABCO Gypsum, Etex (Siniat), Chiyoda Ute, Jason, CSR |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
