Gypsum Industry Size, Share, Demand, Sales & Growth by 2033

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 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.

About the Chemicals and Materials Division at Future Market Insights (FMI)

The chemicals and materials division of Future Market Insights (FMI) offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and renewable technology developments, and supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing — ‘The Way Forward’.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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