Gypsum Market Size, Share, Trends, Growth Report and Outlook 2030

According to the report published by Zion Market Research, the global Gypsum Market size was valued at USD 2,610.87 Million in 2022 and is predicted to reach USD 3,784.96 Million by the end of 2030. The market is expected to grow with a CAGR of 4.75% during the forecast period.

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The report analyzes the global Gypsum Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Gypsum Market Industry.

Global Gypsum Market: Overview

Gypsum is widely utilized in the production of many construction materials. It aids in controlling the rate of cement hardening. It is also used in the making of cement, wallboard, and plaster of Paris. There is a significant growth in demand due to its growing use as a soil conditioner. It helps in changing the structure and composition of heavy clay soils, particularly the ones that are extensively weathered due to intensive crop production practices. It helps in improving fertility and enhancing crop yield.

Global Gypsum Market: Growth Factors

The increasing demand from the residential construction sector along with growing consumer spending on advanced materials for construction activities is anticipated to drive the growth of the global gypsum market owing to the surging trends of multi-family and single-family houses. The rapid proliferation of the construction industry coupled with increasing applications of gypsum in construction activities across the world is supporting the market growth. The rising trend for aesthetic home improvements in infrastructures with the ability of the product to provide innovative textures and designs on its surface is expected to propel the growth of the global gypsum market.

Ceiling boards and wallboards are majorly used for the improving interiors of commercial and residential buildings. Increasing urbanization in the developing countries coupled with an increase in government funding in the real estate sectors for residential construction is anticipated to boost the growth of the global gypsum market.

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Moreover, the growing focus of manufacturers for high-class residential and commercial spaces is likely to positively shape the trajectory of the global gypsum market growth. Prominent market players are concentrating on boosting the production capacities coupled with the introduction of gypsum boards for enhancing the strength and durability for expanding their consumer base. The rising research and development activities to improve the working and launch of innovative products are bolstering the market growth globally.

Global Gypsum Market Report Scope:

Global Gypsum Market: Segmentation

The global gypsum market can be segmented into application, product, and region.

By application, the market can be segmented into institutional, commercial, industrial, residential, and pre-engineered metal buildings. The residential holds the largest share in the global gypsum market owing to the rapid urbanization coupled with the growing demand for modern and aesthetically improved materials in infrastructures. Moreover, there are increased materials in construction activities that do not impact the environment. The wide use of gypsum in PEBs for external wall and roofing applications is also boosting the growth of the segment significantly.

By product, the market can be segmented into the pre-decorated board, ceiling board, wallboard, and others. The wallboard segment accounts for the largest share due to its surging demand as a plaster substitute.

Global Gypsum Market: Regional analysis

North America accounts for the largest share in the global gypsum market owing to its high demand in a wide number of applications coupled with the rapid proliferation of the construction sector in the region. Increasing commercial and domestic construction expenses is opening many lucrative opportunities in the region.

Asia Pacific is anticipated to dominate the global gypsum market due to the increasing construction projects in developing countries like China and India. Moreover, the growing government support is also fueling the growth of the regional markets.

The Middle East and Africa is also emerging as a potential region in the global gypsum market due to the increasing investments by governments and many market players to boost the construction industry.

Global Gypsum Market: Competitive Players

Some of the significant players in the global gypsum market are: 

• Georgia-Pacific Gypsum LLC
• Lafarge Holcim
• National Gypsum
• USG Corporation
• Gulf Gypsum Co.
• Knauf
• Saint-Gobain Gyproc
• JONOUB GYPSUM
• United Mining Industries
• National Gypsum Company
• VOLMA
• AYHACO Gypsum Products Manufacturing
• Osman Group
• VANS Gypsum
• Gulf Gypsum Industrial
• Global Mining Company
• Gypsemna
• ZAWAWI MINERALS LLC
• Mada Gypsum
• YOSHINO GYPSUM CO. LTD
• LafargeHolcim
• Etex Group
• NATIONAL GYPSUM PROPERTIES
• LLC
• Boral
• Saint Gobain
• Knauf Gips KG

The Global Gypsum Market: Segmentation

By Application:

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

By Product:

• Pre-decorated Board
• Ceiling Board
• Wallboard
• Others

By Region:

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.