News

Jul 01, 2023

Gypsum Market Will Surpass US$ 7.8 Bn by 2032

News provided by 23 Jun, 2022, 11:00 ET Share this article Growing product demand from the residential construction sector coupled with increasing consumer spending on advanced construction materials

News provided by

23 Jun, 2022, 11:00 ET

Share this article

Growing product demand from the residential construction sector coupled with increasing consumer spending on advanced construction materials is expected to drive the product demand. Growing construction projects in China and India is projected to fuel the product demand over the forecast period

NEWARK, Del., June 23, 2022 /PRNewswire/ -- The global gypsum market is projected to reach $7.8 billion by 2032 with a 6% annual growth rate, fueled largely by increasing construction of residential and commercial projects across the globe.

Gypsum is a vital construction material and is used widely in Portland cement, building plaster, and several other construction products. The construction industry is a key application segment in the gypsum market. It is used for various applications such as cement, plaster, drywall manufacturing, and others. Growth in construction industry is expected to elevate the consumption of gypsum over the forecast period.

"Surging demand for gypsum in the agriculture sector for soil enhancement, along with expansion of the building and construction sector across emerging economies will drive sales in the market over the forecast period," says an FMI analyst.

Get a Sample of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12417

Key Takeaways:

Why is Demand for Gypsum Board/Drywall Is Increasing?

Drywall is also known as plasterboard, wallboard, sheet rock, and gypsum board. Gypsum is a key material used in the production of drywall. Use of drywall is currently growing in the construction industry, especially in developed countries such as the U.S., China, and Germany.

In the U.S., maximum percentage of gypsum sold is consumed for drywall manufacturing. According to the United States Geological Survey (USGS), a typical new American home contains more than 7 KT of gypsum alone.

The drywall market has been growing at a significant rate since the past few years, which has had a positive impact on the gypsum market.

Majorly of synthetic gypsum is used for drywall manufacturing, due to which production of synthetic gypsum is increasing significantly.

Ask For Regional Data @ https://www.futuremarketinsights.com/ask-regional/rep-gb-12417

How is Gypsum useful in Agriculture Industry?

While farmers have used gypsum (calcium sulfate di-hydrate) for centuries, it has received renewed attention in the recent years, owing to several benefits associated with gypsum.

For instance, gypsum is considered a rich source of calcium and sulfur for plant nutrition. Plants are becoming more deficient in sulfur and soil is not supplying enough of the same. Gypsum is an excellent source of sulfur for plant nutrition and for improving crop yield.

It also improves acid soils and treats aluminum toxicity. One of gypsum's main advantages is its ability to reduce aluminum toxicity, which often accompanies soil acidity, particularly in subsoil.

Besides this, gypsum is used to improve soil structure. Flocculation, or aggregation, is needed to give favorable soil structure for root growth and air and water movement. Gypsum has been used for many years to improve aggregation and inhibit or overcome dispersion in sodic soils.

Owing to the above mentioned advantages of gypsum, its adoption is increasing significantly in agriculture.

Competitive Landscape

Prominent manufacturers involved in the production of gypsum are laying emphasis on expansion by establishing new plants that will help them to increase their production capacities and gain access to new distribution networks, which is expected to increase their customer base. Moreover, they are engaged in strengthening their product portfolio by strategic acquisition and mergers to attract maximum consumer base.

Key market participants in the global Gypsum market elaborated in the report includes

Key gypsum producers are laying emphasis on expansion by establishing new plants that will help them to increase their production capacities and gain access to new distribution networks. Moreover, several manufacturers are engaged in strengthening their product portfolio by strategic acquisition and mergers to attract maximum consumer base.

For critical insights, request for PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-12417

More Insights into the Gypsum Market Report

In its latest report, FMI offers an unbiased analysis of the global Gypsum market, providing historical data for the period of 2017-2021 and forecast statistics for the period of 2022-2032. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of Product type, End Use, and Region

Gypsum Market by Category

By Product Type:

By End Use:

By Region:

Buy Now@ https://www.futuremarketinsights.com/checkout/12417

About FMI – Chemicals and Materials

The Chemicals and Materials division of FMI offers distinct and pinpoint analysis about the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites and nanotechnology in particular, with special emphasis on 'green alternatives', recycling and renewable technology developments, supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners and government bodies for developing – 'The Way Forward'.

Explore wide-ranging Coverage of FMI's Chemicals & Materials Market Insights Landscape

Permethrin Market - Permethrin Market By Application, End User & Region - Forecast 2022 – 2032

Piroctone Olamine Market - Piroctone Olamine Market by By Purity, Application & Region - Forecast 2022 – 2032

Hydrodesulfurization Catalyst Market - Hydrodesulfurization Catalyst Market by Type, Feedstock, End Use Industry & Region - Forecast 2022 – 2032

Valeryl Chloride Market - Valeryl Chloride Market by Purity, Application & Region - Forecast 2022 – 2032

More Details@ https://www.globenewswire.com/en/news-release/2022/01/12/2365829/0/en/Gypsum-Market-to-reach-USD-7-4-Bn-by-2031-Comprehensive-Research-Report-by-FMI.html

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 9-years.

Contact:Future Market Insights, IncChristiana Corporate,200 Continental Drive,Suite 401, Newark,Delaware - 19713, USAT: +1-845-579-5705For Sales Enquiries: [email protected]Website: https://www.futuremarketinsights.comReport: https://www.futuremarketinsights.com/reports/gypsum-marketExplore all latest Reports: https://www.futuremarketinsights.com/reportsLinkedIn| Twitter| Blogs

Logo: https://mma.prnewswire.com/media/1197648/FMI_Logo.jpg

SOURCE Future Market Insights