In September 2021, Knauf announced the completion of its acquisition of USG Corporation. The merger between the two companies created a global leader in building materials, with a strong presence in the gypsum industry.
LafargeHolcim announced in February 2023 that it has signed a deal to acquire Firestone Building Products (FSBP), a leading manufacturer of roofing and building envelope solutions. This acquisition strengthens LafargeHolcim's position in the construction industry and expands its product portfolio.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 5079
Published Date: Jun 23, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing environmental regulations and use in waste management is the major factor driving the market growth.
The market size of synthetic gypsum is anticipated to attain a CAGR of ~16% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are National Gypsum Company, Etex Group, LafargeHolcim, Boral Limited, Yoshino Gypsum Co., Ltd., and others.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by application, end-use industry, and by region.
The agriculture segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Market competition, quality, and consistency of synthetic gypsum and is estimated to be the growth hindering factors for the market expansion.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.