The synthetic gypsum market size has the potential to grow by USD 319.51 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by product (FGD gypsum, phosphogypsum, and others) and geography (APAC, North America, Europe, MEA, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including American Gypsum, Continental Building Products Inc., Georgia-Pacific LLC, Gyptec Ibérica, Knauf Gips KG, LafargeHolcim Ltd., National Gypsum Co., PABCO Building Products LLC, Compagnie de Saint-Gobain SA, and USG Corp.
Market Overview
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Market Competitive Analysis
The market is concentrated. The key vendors in the market are focusing on M&A activities to increase their market share. American Gypsum, Continental Building Products Inc., and Georgia-Pacific LLC are some of the major market participants. Although the regulations in coal-fired power plants will offer immense growth opportunities, the availability of inexpensive natural gas will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this synthetic gypsum market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this synthetic gypsum market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- American Gypsum
- Continental Building Products Inc.
- Georgia-Pacific LLC
- Gyptec Ibérica
- Knauf Gips KG
- LafargeHolcim Ltd.
- National Gypsum Co.
- PABCO Building Products LLC
- Compagnie de Saint-Gobain SA
- USG Corp.
Synthetic Gypsum Market: Segmentation by Product
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FGD gypsum is the most commonly available gypsum by-product produced during the process of the FGD or scrubbing process in coal-fired power plants. This process is highly reliable to reduce significant amounts of sulfur dioxide emissions from flue gas plants. FGD gypsum is used in various industries for different applications. It can be used in the agriculture sector as a fertilizer, and in the construction sector, it is used as a filler material in the production of cement and plasters. Therefore, the rising level of construction and infrastructural developments across the globe is likely to boost the market during the forecast period.
Market growth in this segment will be faster than the growth of the market in the phosphogypsum segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the synthetic gypsum market size.
Synthetic Gypsum Market: Segmentation by Geography
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APAC was the largest synthetic gypsum market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The rising number of infrastructural and constructional activities, along with the large population will significantly drive synthetic gypsum market growth in this region over the forecast period.
56% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for synthetic gypsum in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Synthetic Gypsum Market: Key Drivers and Trends
Coal-fired plants are directly linked to the production of synthetic gypsum. With the growing awareness of the harmful impacts of sulfur oxide emissions on public health and environment, many regulations have been put in place to reduce the environmental impact of coal plants. This has resulted in an increase in the adoption of flue-gas desulfurization (FGD) technology in coal-fired power plants. FGD technology helps in removing sulfur oxide emissions, which leads to the formation of calcium sulfite. Calcium sulfite is then oxidized to form synthetic gypsum. Thus, the increasing adoption of FGD in coal-fired plants will boost the synthetic gypsum market during the forecast period.
The rising investments in R&D activities will be one of the key synthetic gypsum market trends that will impact market growth during the forecast period. Several players are focusing on R&D activities to generate new applications of synthetic gypsum. The rising demand for sustainable buildings and construction activities is encouraging the use of synthetic gypsum in the construction sector. It is also being used in other application segments such as agriculture, healthcare and water treatment. The recycling capability of synthetic gypsum will lead to the development of new applications. All these factors will positively impact the growth of the synthetic gypsum market during the forecast period.
Synthetic Gypsum Market: Key Highlights of the Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive synthetic gypsum market growth during the next five years
- Precise estimation of the synthetic gypsum market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the synthetic gypsum industry across APAC, North America, Europe, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of synthetic gypsum market vendors
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