The global Synthetic Gypsum Market size was USD 1.54 Billion in 2022 and is expected to reach USD 2.37 Billion in 2032, and register a revenue CAGR of 4.9% during the forecast period. Rising demand for synthetic gypsum as a sustainable substitute for natural gypsum and the growing awareness of the advantages of utilizing synthetic gypsum for the environment are major factors driving the market revenue growth. As a byproduct of industrial processes such as Flue Gas Desulfurization (FGD) systems, which remove sulfur dioxide from power plant flue gases, synthetic gypsum is produced. In the building business, synthetic gypsum is frequently used to substitute natural gypsum, which is a limited resource and is getting harder to find.
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The materials and chemicals sector has significantly grown over the recent years and is expected to register robust revenue CAGR over the forecast period. The materials and chemicals sector comprises daily wear products such as detergents, perfumes, soaps, and other raw materials and chemicals used in the manufacturing of other products. There has been a significant increase in the demand for raw materials and chemicals across various industrial sectors such as healthcare and pharmaceuticals, automotive, agriculture, manufacturing, paint, and food and beverages among others. Factors such as increasing awareness about green energy and excess carbon emission, changing consumer preference, growing adoption of biodegradable, sustainable and eco-friendly products, and rapidly expanding industries and building and construction sector are expected to boost global market revenue growth going ahead.
- Central Plains Cement Company
- Eagle Materials
- Gypsum Management and Supply, Inc.
- Knauf Gips KG
- LafargeHolcim Ltd.
- National Gypsum Company
- SGC – Synthetic Gypsum Company
- Titan America LLC
- USG Corporation
- Yoshino Gypsum Co., Ltd.
The report further sheds light on the competitive landscape and provides in depth information about each market player including its global position, product portfolio, financial standing, revenue growth and company overview. The market players are focused on adopting various inorganic and organic growth strategies such as mergers and acquisitions, joint ventures, collaborations, product launches and partnerships to gain a robust footing in the market.
Key questions addressed in the report:
- What is the expected market size of the global Synthetic Gypsum market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Synthetic Gypsum market?
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Synthetic Gypsum Market Segmentation:
- FGD Gypsum
- Soil Amendment
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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