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Report Overview

The global gypsum market size reached around USD 2.73 Billion in 2023. The market is projected to grow at a CAGR of 4.20% between 2024 and 2032 to reach nearly USD 3.95 Billion by 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

  • Fractures account for 17% of all sports-related injuries in the USA.
  • In Q2 of 2024, the Construction Activity Index (CAI) reading of UAE reached +54. This is expected to drive the gypsum market development in the forecast period.
  • As per industry reports, the expansion of the gypsum wallboard producing facility in Brazil can increase Trevo Drywall’s production capacity to 30Mm² annually by 2026.
Global Gypsum Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 2.73
Market Size 2032 USD Billion 3.95
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 4.2%
CAGR 2024-2032 - Market by Region Asia Pacific 4.8%
CAGR 2024-2032 - Market by Country India 5.6%
CAGR 2024-2032 - Market by Country China 4.6%
CAGR 2024-2032 - Market by Product Type Synthetic 7.1%
CAGR 2024-2032 - Market by Application Residential 4.7%
Market Share by Country 2023 Germany 4.5%

Global Gypsum Market Growth

In 2021, the number of injuries sustained by teenagers rose year-on-year by 58% in the United States. Sprains and fractures were ranked as the most common type of sports injuries, with boys accounting for over 71% of all victims regardless of age. Dynamic movement, insufficient protection, falls, and overuse were some of the main factors responsible for sports-related injuries, with basketball and football recording the highest rate of accidental injuries. This is expected to increase the gypsum market revenue, as gypsum is extensively used in formulating Plaster of Paris, which is used to form casts for healing broken bones.

As per the Resource Recycling Systems, around 33% of the volume of CDM (construction and demolition materials) reaching the landfills of Summit County in Colorado can be effectively used for different applications after getting recycled. This includes gypsum wallboard, which was observed as one of the top 11 waste materials. This has prompted the county authorities to shift towards increasing the rate of CDM recycling/reusing to 25% by 2028 and 50% by 2035.

Compound Annual Growth Rate

Value in USD Billion

4.2%

2024-2032


Gypsum Market Outlook

*this image is indicative*

Key Trends and Developments

Global Gypsum Market Trends

The robust growth of Saudi Arabia’s construction sector was driven by an extensive project pipeline, amounting to nearly USD 1.5 trillion. This represents nearly 39 per cent share of the Middle East and Africa’s construction industry worth USD 3.9 trillion. As per the market analysis, countries such as the UAE and Mauritius recorded a CAI of +54 and +57. This is expected to fuel the gypsum market expansion over the forecast period. Gypsum is extensively used for making drywall, which provides a smooth finish for ceilings and walls. It is also critical for cement production, which is driving the market growth.

Global Gypsum Industry Segmentation

The EMR’s report titled “Global Gypsum Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Breakup by Type

  • Impression Plaster
  • Model Plaster
  • Dental Stone
  • Dental Stone High Strength
  • Dental Stone High Expansion

Breakup by Product Type

  • Natural
  • Synthetic

Breakup by Setting Type

  • Hygroscopic Setting Expansion
  • Normal Setting Expansion

Breakup by Application

  • Pre-Engineered Metal Buildings
  • Residential
  • Industrial
  • Commercial
  • Institutional

Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Global Gypsum Market Share

Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2024-32, the Asia Pacific is expected to grow at a CAGR of 4.8% due to the robust growth of the construction industry and the rising government focus on sustaining agricultural productivity. As per the gypsum market analysis, the demand for gypsum in India is expected to increase by 5.6%, due to the growing application of gypsum in pre-engineered metal buildings.

CAGR 2024-2032 - Market by Country
India 5.6%
China 4.6%
Canada 4.1%
Germany 3.5%
Italy 2.9%
USA XX%
UK XX%
France XX%
Japan 2.9%
Australia XX%
Saudi Arabia XX%
Brazil XX%
Mexico XX%

Leading Companies in the Global Gypsum Market

Major players are increasing gypsum wallboard production to cater to the growing demands from the construction sector, thereby driving the gypsum market revenue.

Etex Group

Etex Group was founded in 1905 and is headquartered in Zaventem, Belgium. It is a family-owned building material manufacturing company that is present across 45 countries.

USG Corporation

USG Corporation was founded in 1902 and is headquartered in Illinois, United States. It specialises in the pro...

VANS Gypsum

VANS Gypsum was founded in 2010 and is headquartered in Chennai, India. It specialises in producing ceiling bo...

JONOUB Gypsum Cooperative

JONOUB Gypsum Cooperative was founded in 1982 and is headquartered in Iran. It is engaged in supplying high-qu...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other players included in the gypsum market report are Knauf Digital GmbH, Saint-Gobain Group, YOSHINO GYPSUM CO., LTD., Zawawi Group, GYPSEMNA CO LLC., and Shree Cement Ltd., among others.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the market reached an approximate value of USD 2.73 Billion.

The market is projected to grow at a CAGR of 4.20% between 2024 and 2032.

The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 3.95 Billion by 2032.

The different regions considered in the gypsum market report include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The different types of gypsum in the market are impression plaster, model plaster, dental stone, dental stone high strength, and dental stone high expansion.

The different types of products in the market are natural and synthetic.

The different applications of gypsum are pre-engineered metal buildings, residential, industrial, commercial, and institutional.

Key players in the market are Knauf Digital GmbH, Saint-Gobain Group, Etex Group, YOSHINO GYPSUM CO., LTD., USG Corporation, Zawawi Group, GYPSEMNA CO LLC., Shree Cement Ltd., VANS Gypsum, and JONOUB Gypsum Cooperative, among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Product Type
  • Setting Type
  • Application
  • Region
Breakup by Type
  • Impression Plaster
  • Model Plaster
  • Dental Stone
  • Dental Stone High Strength
  • Dental Stone High Expansion
Breakup by Product Type
  • Natural
  • Synthetic
Breakup by Setting Type
  • Hygroscopic Setting Expansion
  • Normal Setting Expansion
Breakup by Application
  • Pre-Engineered Metal Buildings
  • Residential
  • Industrial
  • Commercial
  • Institutional
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Knauf Digital GmbH
  • Saint-Gobain Group
  • Etex Group
  • YOSHINO GYPSUM CO., LTD.
  • USG Corporation
  • Zawawi Group
  • GYPSEMNA CO LLC.
  • Shree Cement Ltd.
  • VANS Gypsum
  • JONOUB Gypsum Cooperative
  • Others

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30 North Gould Street, Sheridan, WY 82801

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124