Synthetic Gypsum Market size is poised to reach USD 40 Billion by the end of 2035, growing at a CAGR of 16% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of synthetic gypsum was over USD 13 Billion. Synthetic gypsum finds applications in various industries. This is slated to propel the market growth. The major use of synthetic gypsum is in the construction industry. It is used as a substitute for natural gypsum in the production of gypsum boards, cement, and plaster. Synthetic gypsum is also used in agricultural applications as a soil amendment to improve soil structure and fertility.
Additionally, the increasing demand for sustainable construction materials and the strict regulations on emissions from power plants also drives market growth. The use of synthetic gypsum helps in reducing greenhouse gas emissions and conserving natural resources. It helps in reducing the environmental impact associated with gypsum mining. The rising concern for toxic mineral properties and the need to mitigate, and reduce air pollution is also credited to the market growth. Increasing research and investment opportunities also propel the market.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~16% |
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Base Year Market Size (2022) |
~ USD 13 Billion |
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Forecast Year Market Size (2035) |
~ USD 40 Billion |
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Regional Scope |
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Application (Construction Materials, Agriculture)
The agriculture segment is estimated to gain the largest market share in 2035. The segmental growth can be accredited to increased awareness and education. Growing awareness among farmers about the benefits of synthetic gypsum and education on sustainable farming practices have played a significant role in driving its adoption in the agriculture segment. Increased knowledge about soil health, conservation, and nutrient management practices has led to the recognition of synthetic gypsum's potential benefits.
End Use Industry (Construction, Power Plants, Chemicals)
The construction segment in the synthetic gypsum market is expected to register a significant share in 2035. The growth of the segment is propelled by the cost efficiency and performance benefits. Synthetic gypsum offers cost advantages and performance benefits in construction applications, contributing to its growing demand. A study by the U.S. Gypsum Association found that the use of synthetic gypsum in gypsum board manufacturing resulted in improved product performance and reduced manufacturing costs compared to natural gypsum.
Our in-depth analysis of the global market includes the following segments:
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Application |
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End Use Industry |
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APAC Market Forecast
The synthetic gypsum market in the Asia Pacific region is projected to hold the largest market share by 2035. The regional growth is credited to the growing construction industry in the region. The expanding construction industry has created a strong demand for construction materials, including synthetic gypsum. Government initiatives and investments in infrastructure development, urban renewal, and affordable housing projects have played a significant role in driving the market in the Asia Pacific region. For example, India's government launched the "Housing for All by 2022" initiative, aiming to provide affordable housing to all citizens.
North American Market Statistics
The synthetic gypsum market in the North American region is anticipated to hold the second-largest share during the forecast period. The growth of the market in this region can be ascribed to environmental regulations and emission reduction. Stricter environmental regulations and the need to reduce emissions from coal-fired power plants have led to the widespread adoption of flue gas desulfurization (FGD) systems, resulting in increased production of synthetic gypsum. The increasing focus on sustainable construction practices and green building certifications has driven the demand for synthetic gypsum in the construction industry.
Author Credits: Smruti Ranjan, Rajrani Baghel
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