Global Gypsum Market Size, Share, Opportunities, And Trends By Type (Wallboard, Ceiling Board, Pre-decorated Board, Others), By Application (Residential, Industrial, Others), And By Geography - Forecasts From 2023 To 2028

Gypsum is a translucent mineral sulphate with commercial uses in the fields of cement manufacture, agriculture, wallboard production, and others. Gypsum deposits are most commonly found in areas with dry air like caves and marine evaporites. The countries of Thailand, Russia, Spain, Turkey, and the US hold a prominent share of the global gypsum manufacturing market. The permeating usage of gypsum in various sectors of the economy is a driving factor leading to the expansion of the global gypsum market. Therefore, in the absence of competitive alternatives to the usage of gypsum, the global gypsum market is expected to expand at a steady pace.

Market Drivers

• The extensive application of Gypsum in construction and agricultural fields

The chemical composition of Gypsum is structured in such a way that it helps maintain a balance between micronutrients. In addition to this, Gypsum prevents the soil from eroding and helps stabilize the soil composition. Due to this nature, Gypsum has been extensively used as fertilizer and agricultural aid across the globe. This semi-solubility mineral has helped farmers to increase their yield and maintain the quality of the soil in their agricultural fields. Apart from this, Gypsum is an active player in the construction field since it is used in the manufacture of cement and Plaster Of Paris (POP). Without the adoption of Gypsum in the cement and POP-making process, cement and POP would condense immediately after mixing with water. Therefore, cement acts as a setting agent in both these items that serve as fundamentals of any construction. Gypsum is often used in the process of constructing ceilings as well. Furthermore, it is also used in the manufacture of wallboards and fiberboards which are used in construction processes. As it can be seen, the widespread use of gypsum in the agricultural and construction sectors can be seen as a huge factor contributing to the growth of the gypsum market.

• Edibility of gypsum making it an input in the food and beverage industry  

Gypsum of the highest purity is considered edible for human consumption. Owing to this, gypsum is used as a preservative and additive in a lot of processed and packaged foods. Another property of gypsum that is beneficial to the food and beverage sector is its ability to stabilize the acidity of the food. As gypsum is odorless and colorless, its addition to food does not affect the taste and visual representation of the food. It is used as an ingredient in tofu manufacturing, toothpaste production, canned vegetables, blue cheese, and many other food items. In addition to this, gypsum also contains 29% of calcium, which is an important mineral for the human body. Therefore, the global use of gypsum in the human, plant, and animal world is the biggest market factor that is keeping the global gypsum market healthy and expanding.

The problem of depletion of gypsum reserves and the need to extract gypsum in an ecologically sustainable way could hinder the expansion of the global gypsum market at a faster rate.  Since gypsum is extracted from natural reserves, it could lead to the depletion of the reserves in the future. Therefore, it is necessary that the gypsum is extracted in a way that does not disturb the ecological balance of the environment. Apart from this, gypsum must also be extracted in a sustainable way keeping in mind the total capacity of the reserve and the amount that can be extracted from it for that particular year. Due to these reasons, it is impractical to exploit the gypsum reserve fully to the extent that it depletes the reserve completely. Therefore, even though there will be growth in the global gypsum market, it shall be a calculated and slow-paced expansion.

Key Developments

• The Dubai Chamber of Commerce announced the formation of four construction-related business groups in February 2023 including the paint coating & gypsum business group.
• Knauf, in Germany, announced plans to build a new gypsum wallboard mill in Huedin, Cluj County. The corporation aims to invest Euro 76 million in the plant's construction.

North America will continue to hold a large share of the global gypsum market owing to the availability of plenty of gypsum reserves.

Utah, Southwest Texas, New York, and Baja are some prominent areas in North America that contain deposits. As per the data released by their respective governments, the total amount of gypsum produced by all the countries in North America amounts to 31.3 million tons, which contributes to approximately 21% of the global gypsum extraction from mines. For the last few years, the USA has taken over China as the leading gypsum extractor and has continued to remain in the lead since then. Hence, North America shall continue to hold its position as the lead over the forecasted period.

Global Gypsum Market Scope:

 

Report Metric	Details
Growth Rate	CAGR during the forecast period
Base Year	2021
Forecast Period	2023 – 2028
Forecast Unit (Value)	USD Billion
Segments Covered	Type, Application, And Geography
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered	Saint-Gobain, Global Gypsum co. LTD, USG Corporation, National Gypsum Services Company, Georgia-Pacific Gypsum LLC, American Gypsum Company, LLC, CERTAINTEED, PABCO Gypsum
Customization Scope	Free report customization with purchase

 

Key Market Segments:

• By Type
  • Wallboard
  • Ceiling Board
  • Pre-decorated Board
  • Others
• By Application
  • Residential
  • Industrial
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • UAE
    • Other
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Indonesia
    • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Powers of Buyers

4.3.3. Threat of Substitutes

4.3.4. The Threat of New Entrants

4.3.5. Competitive Rivalry in Industry

4.4. Industry Value Chain Analysis

5. GLOBAL GYPSUM MARKET, BY TYPE

5.1. Introduction

5.2. Wallboard

5.3. Ceiling Board

5.4. Pre-decorated Board

5.5. Others

6. GLOBAL GYPSUM MARKET, BY APPLICATION

6.1. Introduction

6.2. Residential

6.3. Industrial

6.4. Others

7. GLOBAL GYPSUM MARKET, BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. USA

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil 

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. United Kingdom

7.4.2. Germany

7.4.3. France

7.4.4. Spain

7.4.5. Others

7.5. The Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. Israel

7.5.3. UAE

7.5.4. Others

7.6. Asia Pacific

7.6.1. China

7.6.2. Japan

7.6.3. India

7.6.4. South Korea 

7.6.5. Taiwan

7.6.6. Indonesia

7.6.7. Others 

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrative

8.3. Mergers, Acquisition, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

9. COMPANY PROFILES

9.1. Saint-Gobain

9.2. Global Gypsum co. LTD

9.3. USG Corporation.

9.4. National Gypsum Services Company

9.5. Georgia-Pacific Gypsum LLC

9.6. American Gypsum Company, LLC

9.7. CERTAINTEED

9.8. PABCO Gypsum

Saint-Gobain

Global Gypsum co. LTD

USG Corporation.

National Gypsum Services Company

Georgia-Pacific Gypsum LLC

American Gypsum Company, LLC

CERTAINTEED

PABCO Gypsum