FGD Gypsum Market to reach US$ 1.6 Billion by 2034: Transparency Market Research Highlights Urbanization and Infrastructural Demand as Key Drivers

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Jul 15, 2024, 06:40 ET

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 by 2034.

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 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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