Synthetic Gypsum Market Size, Trends and Growth Analysis by 2027

The global synthetic gypsum market was valued at approximately US$ 1,244.02 million in 2019 and is anticipated to grow to US$ 1,693.72 million by 2027, reflecting a compound annual growth rate (CAGR) of 4.0% from 2020 to 2027.

Synthetic gypsum finds its primary applications in the construction and agricultural sectors. The expansion of the construction industry worldwide has significantly increased the demand for decorative structures and drywall, thereby driving the need for synthetic gypsum. Additionally, its role as a filler in cement production further enhances the market growth for synthetic gypsum.

The synthetic gypsum market is categorized based on its applications, which include drywall, cement, soil amendment, dental uses, water treatment, and others. Among these, drywall is one of the most prevalent forms of wall sheathing. It consists of gypsum plaster sandwiched between two robust layers of paper, providing a smooth finish to walls. Manufacturers prefer synthetic gypsum not only for its cost-saving benefits but also for its environmental advantages as a by-product. Various types of synthetic gypsum suitable for drywall production include flue gas desulfurization gypsum, citrogypsum, flurorgypsum, and titanogypsum.

Geographically, the synthetic gypsum market is divided into regions such as North America, Europe, Asia Pacific (APAC), South America (SAM), and the Middle East & Africa (MEA). In 2019, North America dominated the market share. The region, particularly the United States and Canada, has witnessed substantial growth in infrastructure development, which has increased the demand for synthetic gypsum. Furthermore, the high per capita income in North America contributes to extensive infrastructure projects and renovations. The growth in the construction and paints and coatings sectors is particularly notable in both residential and commercial domains. In construction, synthetic gypsum is primarily utilized for producing drywall, cement, and plaster of Paris, which is essential for creating structures, sculptures, and decorative elements. Consequently, these factors have led to a robust growth in the synthetic gypsum market within North America.

The COVID-19 pandemic has had a detrimental impact on economies and industries across the globe due to lockdowns, travel restrictions, and business closures. The global chemicals and materials sector is among the industries facing significant disruptions, including supply chain interruptions, cancellations of technology events, and office closures. For example, China, being a major manufacturing hub and the largest supplier of raw materials for various industries, has been severely affected. The lockdown of numerous factories in China has restricted global supply chains, disrupting manufacturing activities, delivery timelines, and sales of chemicals and materials. Many companies have reported potential delays in product deliveries and a decline in future sales. Additionally, international travel bans imposed by countries in Europe, Asia, and North America have obstructed business collaborations and partnership opportunities. These challenges are hindering the chemicals and materials industry, acting as constraints on the growth of various related markets.

Key players in the global synthetic gypsum market include Drax Group PLC, American Gypsum, USG Corporation, Larargeholcim, Travancore Titanium Products Limited, Knauf Gips KG, Transparent Technologies Limited, BauMineral GMBH, Steag GMBH, and Boral.

The overall size of the global synthetic gypsum market has been determined through a combination of primary and secondary research methods. The research process commenced with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the market. Additionally, numerous primary interviews were conducted with industry participants and experts to validate the information and gain deeper analytical insights. Participants in this research included industry professionals such as VPs, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the synthetic gypsum market.