The naturally occurring element called gypsum has an alternative
name calcium sulfate dehydrate, often found in sedimentary rock
formations naturally. The popularity of the material can be
attributed to the versatile nature of the material, along with
efficient production and treatment.
WILMINGTON, Del., July 15, 2024 /PRNewswire/ -- The global FGD
gypsum market size was recorded at a USD 853 million valuation mark in 2023. Owing
to the moderate development of the competitive space, the
competitive landscape will advance at a CAGR of 5.7% through
the forecast period, reaching USD 1.6
billion by 2034.
Owing to a rapid surge in the population, the infrastructural
demand is surging. To cater to this spiking demand, the requirement
for appropriate material has been rising. Along with this rising
demand, the progress of the competitive space of the construction
industry is expected to proliferate in the forecast period.
Along with the abovementioned factors, the urbanization rate has
been rising, which is coupled with the growing infrastructural
demand. As a result, this is a key driver, upsurging the
construction industry.
Gypsum, being an integral part of the construction industry, is
likely to gain more traction in the industry during the forecast
period. Trends have been shifting to synthetic gypsum. Pertaining
to such trends, the competitive landscape is likely to observe new
prospects in the forecast period.
Based on the purity of gypsum used in the construction industry,
the material is used in numerous applications. Due to this
diversity of the material, FGD gypsum is likely to gain more
traction in the construction sector, driving the demand for the
material.
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Plastering, cement production, wallboard manufacturing, and
several other key processes in the industry have been using gypsum
as the main ingredient. Due to this, the ecosystem is set to
advance moderately during the forecast period.
The ability of the material to remove impurities from water is
exceptional. Due to this property, the demand for the material in
the water treatment plants has been rising, and moreover, recent
trends suggest that this demand will continue to increase in the
future.
FGD Gypsum Market Report Scope:
Report
Coverage
|
Details
|
Forecast
Period
|
2024-2034
|
Base
Year
|
2020-2022
|
Size in 2023
|
US$ 853.0 Mn
|
Forecast (Value) in
2034
|
US$ 1.6 Bn
|
Growth Rate
(CAGR)
|
5.7 %
|
No. of
Pages
|
241
Pages
|
Segments
covered
|
By Type, By
Application, By End-user, By Region
|
The growing demand for better water treatment plants and
purifiers is expected to push the FGD gypsum market forward. To
increase the potable amount of water, such plants are essential,
where FGD gypsum can find many applications.
Technological innovations are helping key manufacturers develop
cutting-edge tools and manufacturing units to produce gypsum. Due
to this, the production and treatment of gypsum have become easier,
leveraging the profitability and sustainable growth of such
organizations. This drives the ecosystem
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Key Findings from the Market Report
- The diverse competitive space of the FGD gypsum market is
segmented into different areas based on different parameters. Based
on the type of the product, synthetic gypsum is expected to gain a
rising popularity in the construction industry.
- To cater to the demand for natural elements to treat
wastewater, natural gypsum is used, and therefore, the segment is
expected to gain traction in the competitive space.
- Based on the application, cement production is a key
application of FGD gypsum. Due to the rising requirement in the
construction sector, the cement category is expected to gain
traction.
- Apart from the construction sector, the mining sector is
another essential end-user segment of the FGD gypsum market. Due to
the growing mining applications, the segment is expected to
proliferate, driving the industry.
Regional Profile
- Owing to the technological infrastructure, North America is expected to lead the global
FGD gypsum market, creating multiple prospects for key
players.
- The rising awareness regarding wastewater treatment is
elevating the demand for gypsum in Europe.
- The growing population and urbanization rate are accelerating
the construction industry in Asia-Pacific, fueling the market demand.
Competitive Landscape
With various modes of market expansion, key players grow using
strategies like product innovation, product launches, mergers, and
acquisitions.
- American Gypsum Company, LLC is an important player, operating
in different verticals. The firm offers lightweight gypsum boards,
laminate base gypsum boards, and interior ceiling gypsum
boards.
- Georgia-Pacific Gypsum LLC offers roof boards, soffits, and
many more.
- HOLCIM is another important player, which operates in different
product lines, including Concrete, Aggregates, and Cement.
Key Players
- American Gypsum Company LLC
- Georgia-Pacific Gypsum LLC
- HOLCIM
- National Gypsum Services Company
- PABCO Gypsum
- Saint-Gobain
- USG Corporation
- Knauf Digital GmbH
- GYPSEMNA CO LLC
Key Developments in the FGD Gypsum Market
- In October 2023,
Georgia-Pacific Gypsum LLC broadened the scope of the firm in
Texas by introducing a Gypsum
Wallboard Facility worth USD 325
million.
- In June 2024, HOLCIM
acquired Cand-Landi Group in Switzerland, which helped the organization
expand in the international market.
Market Segmentation
By Type
By Application
- Drywall
- Cement
- Water Treatment
- Mining
- Soil Amendment
- Others
By End User
- Construction
- Agriculture
- Mining
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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