Gypsum Industry Size, Share, Demand, Sales & Growth by 2033
The global gypsum market has had phenomenal expansion in recent years. One of the key elements driving the gypsum mineral market’s growth is the expansion of the building sector.
Gypsum sales are estimated to reach US$ 7.85
billion in 2023. By 2033, the market may register a 6.2% CAGR, reaching US$
13.76 billion.
House Interiors are Assimilating Synthetic
Gypsum Products to Amplify Organic Gypsum Demand
Construction design has become an art form thanks to
modern technology. Gypsum is a material that is becoming more and more
well-liked. Synthetic gypsum is an ideal material for interior design
considering its potential to insulate areas and conserve energy. It conceals
the exposed wiring without looking bulky or out of place. The gypsum mineral is
perfect for homes in busy neighborhoods because it can absorb sound.
Gypsum is becoming more and more popular at astounding
rates. The commercialization of the home interior and decorative business
intends to offer the maximum high-growth prospects for the gypsum market.
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Gypsum’s Potential in the Agricultural
Industry to Support Gypsum Market Expansion
While farmers have utilized gypsum (calcium
sulfate dihydrate) for generations, it has gotten an increased interest in
recent years due to various benefits of natural gypsum, including:
- Supply
of Calcium and Sulfur for Plant Nutrition:
As soil quality deteriorates, plants become more sulfur deficient.
Therefore, being a rich supply of sulfur, gypsum powder is gaining
popularity as a feasible solution to this problem.
- Improves
Acid Soils and Treats Aluminum Toxicity: Gypsum can
reduce aluminum toxicity, which frequently coexists with soil acidity,
especially in subsoils.
- Improves
Soil Structure: Aggregation, or flocculation, is
required to establish a soil condition favorable for root development as
well as air and water circulation. Natural gypsum has traditionally been employed
in sodic soils to improve aggregation and minimize or eliminate
dispersion.
Availability of Substitutes to Cap Gypsum
Market Growth
Gypsum has various replacements, particularly in the
building industry, which may impede the expansion of the gypsum market.
There is no feasible substitute for gypsum in the
production of Portland cement. Synthetic gypsum produced by various industrial
processes, including FGD of smokestack emissions, is critical as a substitute
for natural gypsum in wallboard manufacturing, cement production, and other
applications.
Strong Growth Potential May Be Posed by
China’s Soaring Construction Industry
The construction industry in China has grown
tremendously. A survey that was released predicted that in 2023, the value of
China’s construction industry may surpass US$ 4.5 trillion. A CAGR of 4.1% is
anticipated for the gypsum powder market for the projection period.
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