Fact.MR, a market research and competitive intelligence provider, has recently updated its industry analysis, revealing that the global synthetic gypsum market is valued at US$ 1.67 billion in 2024. The global demand for synthetic gypsum is projected to grow at a 3.4% CAGR from 2024 to 2034.

In recent years, synthetic gypsum has gained popularity for enhancing the aesthetic and premium appeal of residential and commercial buildings, creating lucrative opportunities for market players.

Synthetic gypsum is increasingly being used in modern construction designs due to its versatility. It is favored for creative ceiling designs, simple wall décor, and more. As an energy-efficient material, synthetic gypsum is also used for room insulation, making it a preferred choice for home interiors. Its sound-absorbing properties further enhance its appeal in residential buildings, particularly in busy neighborhoods. However, the easy availability of alternative materials is somewhat limiting the growth of synthetic gypsum demand.

Get Free Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7287

Key Takeaway from Market Study

The global synthetic gypsum market is projected to reach a valuation of US$ 2.33 billion by the end of 2034. Demand for FGD (Flue Gas Desulfurization) synthetic gypsum is expected to grow at a CAGR of 3.3%, reaching a market value of US$ 1.34 billion by 2034.

The cement production segment is anticipated to hold a 21.8% share of the global market by 2034. In South Korea, sales of synthetic gypsum are forecasted to grow at a 5% CAGR from 2024 to 2034.

North America is estimated to account for 29.7% of the global market share by the end of 2034.

“Rising use of synthetic gypsum in the agriculture industry is attributed to its ability to treat aluminum toxicity, enhance soil structure, and as a source of sulfur and calcium for plant nutrition,” says a Fact.MR analyst.

Read More: https://www.factmr.com/report/synthetic-gypsum-market

Country-wise Insights:

According to Fact.MR, a market research and competitive intelligence company, North America is expected to dominate the global synthetic gypsum market, holding a 29.7% share by the end of 2034. The rising demand for synthetic gypsum in this region is primarily driven by its cost-effectiveness and the ongoing expansion of infrastructure.

The U.S. is projected to capture 73.5% of the North American synthetic gypsum market by 2034. The growing demand for plasterboards and drywall from the construction industry makes the U.S. one of the leading suppliers of synthetic gypsum by-products in the region. Additionally, the cost advantage of synthetic gypsum over mined crude gypsum is expected to further propel its sales.

China is anticipated to account for 57.3% of the East Asian market by 2034. The country’s expanding infrastructure projects are driving market growth. The rapid pace of infrastructure development in China requires cost-effective and efficient building solutions without compromising on quality. Furthermore, significant investment initiatives led by the Chinese government are creating lucrative opportunities for synthetic gypsum suppliers.

Japan is expected to hold a 28.8% share of the East Asian synthetic gypsum market by 2034. The rising demand for synthetic gypsum in Japan is fueled by the growth of the construction sector, particularly in residential building projects. Moreover, the increasing use of synthetic gypsum in cement manufacturing is further driving demand in the country.

Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7287

Growing Consumption of Synthetic Gypsum in Cement Production

Worldwide sales of synthetic gypsum for use in cement production are projected to climb at 3.5% CAGR and reach US$ 507.5 million by the end of 2034. Synthetic gypsum is utilized as an effective alternative to conventional natural gypsum in cement manufacturing. Further, rising consumption of synthetic gypsum is owing to its lower cost of use during operations. Environment-friendly nature of synthetic gypsum is contributing to its increased use in cement manufacturing facilities around the world.

Key Market Players :

PABCO Building Products LLC, USG Corporation, Georgia-Pacific Gypsum LLC, Delta Gypsum, LLC, Boral Limited, FEECO International, Inc., National Gypsum Services Company, Knauf Gips KG, Saint-Gobain Gyproc, American Gypsum Company, LLC, and Synthetic Materials are some of the leading manufacturers of synthetic gypsum.

More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the synthetic gypsum market, presenting historical demand data (2019 to 2023) and forecast statistics for the period (2024 to 2034).

The study divulges essential insights into the market based on type (FGD gypsum, flurogypsum, citrogypsum, phosphosypsum, other types) and application (drywall, cement, soil amendment, other applications), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: [email protected]