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 [https://www.transparencymarketresearch.com/fgd-gypsum-market.html] by 2034.
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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 [https://www.holcim.com/] 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
-- Natural
-- Synthetic
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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