The global synthetic
gypsum market is expected to reach USD 1.89 Billion by 2026, according
to a new report by Reports and Data. The increasing demand for end-user
applications of synthetic gypsums, such as Plaster of Paris, which used for
creating structures, sculptures, and decorative panels, is estimated to
stimulate market demand in the forecast period. In addition, the recyclable
nature of the product is expected to drive the market in the upcoming years.
The use of the product in the
mining industry for applications including subsidence control in underground
mines, as a barrier to acid mine drainage formation, alkaline amendment to
neutralize acid-producing rock, and as encapsulation or neutralization of
acid-producing materials is forecasted to boost the market demand in the
forecast period.
The growing investments in
R&D activities by the manufacturers are one of the significant drivers
expected to propel the growth of the market in the period 2019-2026. Leading
companies in the market are emphasizing on R&D activities to produce new
applications of synthetic gypsum. The spiraling demand for sustainable
buildings and construction activities is having a positive impact on the use of
the product in the construction sector.
Additionally, the imposition of
many strict government norms and regulations to curb the environmental impact
caused by coal plants are causative of the acceptance of the Flue Gas
Desulfurization (FGD) technology by the current as well as new coal power
plants to increase the production of the product, thereby propelling the growth
of the market.
To identify the key trends in
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Further key findings from
the report suggest
- By product type, flue gas desulfurization gypsum held
the largest market share in 2018 and is expected to grow at a rate of 4.0%
in the forecast period. The high demand for FGD gypsum is owing to a
number of prospective benefits of applying the product to agricultural
soils. These benefits may be either chemical or physical. Chemical
benefits result from providing essential plant nutrients calcium and
sulfur for crop production or by modifying the subsoil to produce a more
favorable medium for plant root development.
- By application, drywall sub-segment is forecasted to
grow at the fastest rate of 4.4% in the forecast period. A drywall is a
high-performance, lightweight interior wall system comprising of a GI
steel frame, encased in gypsum plasterboards on either side attached with
self-drilling drywall screws.
- The Asia Pacific market contributed to the largest market
share in 2018 and is projected to grow at the fastest rate of 4.5% in the
forecast period. The market dominance of the Asia Pacific region may be
attributed to the growth of the building & construction and
agriculture industry.
- Key participants include Knauf Gips, LafargeHolcim,
National Gypsum, PABCO Gypsum, FEECO International, Delta Gypsum,
Synthetic Materials LLC, Continental Building Products, British Gypsum,
and American Gypsum, among others.
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For the purpose of this report,
Reports and Data have segmented the global synthetic gypsum market on the basis
of product type, application, industry vertical, and region:
Product Type Outlook (Volume,
Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
- Flue Gas Desulfurization (FGD) Gypsum
- Fluorogypsum
- Phosphogypsum
- Citrogypsum
- Others
Application Outlook
(Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
- Cement
- Drywall
- Plaster
- Soil Amendments
- Glass Manufacturing
- Water Treatment
- Others
Industry Vertical Outlook
(Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
- Building & Construction
- Agriculture
- Glass & Ceramic
- Others
Regional Outlook (Volume, Kilo
Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
- North America
- U.S.
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- MEA
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