Gypsum Market 2021 Observational Studies by Top Companies & Forecast by 2030 | Key Players- Knauf Gips KG, Saint Gobain, Boral Limited, National Gypsum Company (U.S.), Lafarge

Global gypsum demand is likely to recover in tandem with broader recovery in the construction sector, according to a new market study by Future Market Insights (FMI). According to the study, global gypsum market is likely to grow at 5% CAGR through 2030, with growth in the later part compensating for the current sluggishness.

Increasing adoption of digital solutions and spending on technological advancements has been driving the construction sector. As a direct outcome of to this, cement and drywall production has surged, boosting scope for gypsum application.

Gypsum is widely used in the manufacture of wallboard, plaster of Paris, cement, and as a hardening retarder used in Portland cement. Its use as a soil conditioner also is expected to rise, as famers look for effective methods of improving fertility and crop yield.

It is effectively used to change the composition and structure of heavy clay soils, especially the ones extremely weathered due to intensive practice of crop production.

To Get Sample Copy of Report visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12417

FMI’s recent study is intended to evaluate the prevailing trends and uncover hidden opportunities for the market players. Some of the key takeaways from the report are as follows:

  • The gypsum market value is expected to surpass US$ 3.6 Bn by 2020
  • Asia Pacific will remain a lucrative market through the forecast period
  • Strong demand in China and India will offset waning demand in mature markets
  • In North America, demand from the U.S. remains critical to overall growth
  • Sales uptick is likely especially on account of increasing cement production worldwide

Gypsum is a vital material used in the production of various construction materials. It helps in controlling the rate of hardening of cement. It is therefore expected that increasing construction activities will result in surging demand in the market,” said a lead analyst at FMI.

COVID-19 Impact on Gypsum Market

Significant drop in demand is expected owing to the unprecedented COVID-19 outbreak. Through the major part of 2020, operations in the market were hampered. Its effects are likely to percolate in the subsequent year as pandemic has caused serious dent in demand for gypsum.

As construction activities, which account for majority sales in the market, remain halted amid social distancing regulations, gypsum sales are unlikely to pick up. Nonetheless FMI projects recovery once economic activities return to normal.  

Downturn witnessed by major cement producing countries will result in stunted growth in the market. Among rest of the world, the markets in Japan, Korea, and Australia too are affected however gradual recovery is expected in these pockets in the coming months.

Who is winning?

The presence of several international companies, aiming at capacity expansion as resulted in market consolidation. Competition however is likely to remain high through the course of the forecast period.

Besides competition from peers, these companies are reeling under threat from substitutes, which is why spending on research and development is significantly high. Market players also will exhibit high focus on strategic collaboration to gain competitive advantage.

Some of the leading companies operating in the market are Knauf Gips KG, Saint Gobain, Boral Limited, National Gypsum Company (U.S.), Lafarge, YOSHINO GYPSUM CO., LTD, Beijing New Building Materials PLC, Mada Gypsum, National Gypsum (Saudi Arabia), JONOUB GYPSUM among others.

Gypsum Industry Report: Scope

AttributeDetails
Forecast Period2020-2030
Historical Data Available for2015-2019
Market AnalysisUSD Million for value and Ton for Volume
Key Regions CoveredNorth America, Latin America, Europe, East Asia, South Asia, Oceania Middle East & Africa  
Key Countries CoveredUS, Canada, Germany, U.K., France, Italy, Spain, Poland, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, South Africa
Key Segments CoveredProduct Type, Application, and Region
Key Companies ProfiledKnauf Gips KG, Saint Gobain, Boral Limited, National Gypsum Company (U.S.), Lafarge, YOSHINO GYPSUM CO.,LTD, Beijing New Building Materials PLC, Mada Gypsum, National Gypsum (Saudi Arabia), JONOUB GYPSUM
Report CoverageMarket Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives  
Customization & PricingAvailable upon Request

Key Questions Answered by the Report

  • What is the gypsum market size? The global gypsum market is expected to reach US$ 3.6 Bn by the end of 2020. Between 2020 and 2030 the market is forecast to rise at above 5% CAGR
  • Which is the largest market for gypsum? Asia Pacific currently leads the global gypsum and is expected to remain dominant through the course of the forecast period
  • Which are the top companies in gypsum market? Some of the top companies operating in the market are Knauf Gips KG, Saint Gobain, Boral Limited, National Gypsum Company (U.S.), Lafarge, YOSHINO GYPSUM CO.,LTD, Beijing New Building Materials PLC, Mada Gypsum, National Gypsum (Saudi Arabia), JONOUB GYPSUM

Leave a comment

Your email address will not be published. Required fields are marked *