Global Gypsum Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product Type;
Natural Gypsum and Synthetic Gypsum.By Application;
Cement, Drywalls, Plaster, Soil Amendment Products, and Others.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Gypsum Market (USD Million), 2021 - 2031
In the year 2024, the Global Gypsum Market was valued at USD 8,709.25 million. The size of this market is expected to increase to USD 12,923.50 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.8%.
The global gypsum market is an expansive and dynamic sector driven by the increasing demand for gypsum-based products in various construction and industrial applications. Gypsum, a naturally occurring mineral, is primarily used in the construction industry for the production of plaster, drywall, and other building materials. Its fire-resistant properties, ease of installation, and versatility make it a preferred choice in the construction of both residential and commercial buildings. Additionally, gypsum plays a critical role in agriculture, where it is used as a soil conditioner and as a component in various fertilizers.
Over the past decade, the global gypsum market has experienced significant growth, fueled by rapid urbanization and infrastructural development, particularly in emerging economies. The rise in construction activities, driven by population growth and increasing infrastructure investments, has led to a surge in demand for gypsum products. The market is also influenced by technological advancements in gypsum processing and the development of innovative products, which enhance the material’s performance and sustainability. The shift towards green building practices and eco-friendly materials has further bolstered the demand for gypsum as a sustainable and energy-efficient building material.
Geographically, the gypsum market is diverse, with substantial growth observed in regions such as Asia Pacific, North America, and Europe. Asia Pacific, in particular, stands out as a major contributor to market growth due to its rapidly expanding construction industry and increasing urbanization. North America and Europe also contribute significantly to the market, driven by ongoing renovations and the need for sustainable building solutions. As the global construction industry continues to evolve, the gypsum market is expected to see sustained growth, with emerging trends such as the integration of recycled gypsum and innovations in product applications shaping the future of the industry.
Global Gypsum Market Recent Developments
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In April 2024, Saint-Gobain Gypsum launched a new line of eco-friendly gypsum boards that reduce energy consumption during production. This innovation aligns with the growing trend towards sustainable construction materials
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In September 2023, a merger between Knauf and USG increased market consolidation, combining their resources to enhance gypsum board production and supply capabilities globally
Segment Analysis
The global gypsum market is segmented by product type into natural and synthetic gypsum. Natural gypsum, sourced from natural deposits, is a traditional and cost-effective choice for various applications such as cement production, drywalls, and plaster. It is valued for its availability and ease of use in standard construction materials. Synthetic gypsum, on the other hand, is produced as a byproduct of industrial processes like flue gas desulfurization and phosphoric acid production. This type of gypsum is used in similar applications as natural gypsum but is increasingly preferred for its sustainability and role in recycling industrial waste.
In terms of application, the gypsum market is divided into several key segments: cement, drywalls, plaster, soil amendment products, and others. Gypsum is essential in cement manufacturing where it controls the setting time and improves durability. Drywalls are widely used in interior construction due to their ease of installation and fire-resistant properties. Plaster made from gypsum provides a smooth, durable finish for walls and ceilings. Additionally, soil amendment products use gypsum to enhance soil quality by improving drainage and nutrient availability. The others category includes niche uses such as artistic applications and medical products.
Geographically, the gypsum market is divided into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. North America features a mature market with strong demand driven by extensive construction activities and renovation projects. Europe emphasizes sustainable building practices and advanced gypsum technologies. Asia Pacific is the fastest-growing region, fueled by rapid urbanization and infrastructure development in countries like China and India. The Middle East and Africa are expanding due to large-scale construction projects, while Latin America shows growth driven by economic development and increasing use of gypsum in various applications.
Global Gypsum Segment Analysis
In this report, the Global Gypsum Market has been segmented by Product Type, Application and Geography.
Global Gypsum Market, Segmentation by Product Type
The Global Gypsum Market has been segmented by Product Type into Natural Gypsum and Synthetic Gypsum.
Natural Gypsum is derived from natural deposits and has been a traditional choice for various applications due to its availability and cost-effectiveness. It is predominantly used in the production of cement, drywall, and plaster. The natural form of gypsum is valued for its reliable performance in standard construction applications and its inherent properties such as fire resistance and ease of application. Its extraction from natural sources makes it a staple in the traditional construction sector.
Synthetic Gypsum, on the other hand, is produced as a byproduct of industrial processes such as flue gas desulfurization and phosphoric acid production. This type of gypsum includes forms like phosphogypsum and desulfurized gypsum. Synthetic gypsum is increasingly utilized for its sustainability benefits, including the recycling of industrial waste and reduction of environmental impact. It is commonly used in cement production and drywall manufacturing, offering an eco-friendly alternative to natural gypsum and supporting waste management initiatives.
Global Gypsum Market, Segmentation by Application
The Global Gypsum Market has been segmented by Application into Cement, Drywalls, Plaster, Soil Amendment Products and Others.
Cement is a major application for gypsum, where it functions as a setting retarder to control the hardening process of cement. The inclusion of gypsum in cement improves its workability and durability, making it essential in the production of various types of cement used in construction and infrastructure projects.
Drywalls, also known as plasterboards or gypsum boards, are widely used in interior wall and ceiling construction. They offer a smooth, durable surface that is easy to install and finish. Drywalls are favored for their fire-resistant properties and their ability to provide a clean, modern appearance to interior spaces.
Plaster made from gypsum is used for coating walls and ceilings, providing a smooth and aesthetically pleasing finish. It is valued for its quick setting time and ease of application, making it a preferred choice for both residential and commercial projects.
Soil Amendment Products utilize gypsum to improve soil quality, particularly in agricultural applications. Gypsum helps in reducing soil acidity, enhancing nutrient availability, and improving soil structure and drainage. This application is vital for maintaining healthy soil and optimizing agricultural productivity.
The Others category encompasses various niche applications of gypsum, such as in artistic endeavors, medical uses, and specialized industrial applications. These uses leverage gypsum's versatility and properties for specific needs beyond the conventional construction and agricultural sectors.
Global Gypsum Market, Segmentation by Geography
In this report, the Global Gypsum Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Gypsum Market Share (%), by Geographical Region, 2024
In North America, the gypsum market is driven by robust construction activities and a well-established industry presence. The United States and Canada are key contributors, with significant demand for gypsum products in both residential and commercial construction. The region benefits from advanced gypsum processing technologies and a focus on sustainable building practices, which support the growth of natural and synthetic gypsum applications. Ongoing infrastructure development and renovation projects further bolster market growth in North America.
Europe's gypsum market is characterized by a strong emphasis on sustainability and eco-friendly construction materials. Major markets include Germany, France, and the United Kingdom, where there is considerable demand for advanced gypsum products in construction and renovation projects. The European market is driven by regulations promoting green building practices and energy-efficient solutions. Innovations in gypsum technology and a focus on reducing environmental impact play a significant role in shaping the market dynamics in this region.
Asia Pacific is the fastest-growing region in the global gypsum market, fueled by rapid urbanization, industrialization, and infrastructure development. Countries such as China, India, and Japan are major players, with high demand for gypsum products due to their expanding construction sectors. The region's growth is driven by increased residential and commercial construction, as well as ongoing urban development projects. The adoption of synthetic gypsum and advancements in processing technologies also contribute to the market expansion in Asia Pacific.
In the Middle East and Africa is supported by significant investments in large-scale construction and infrastructure projects. The Middle East, in particular, is experiencing a construction boom with substantial demand for gypsum-based products for commercial and residential developments. In Africa, the market is growing due to increasing urbanization and infrastructure development. Both regions are focusing on leveraging gypsum’s benefits in various applications, including building materials and soil amendments.
In Latin America, the gypsum market is expanding due to growing construction activities and economic development. Countries such as Brazil and Mexico are leading the market, with increased use of gypsum in residential and commercial construction projects. The region's growth is driven by infrastructure development, urban expansion, and rising demand for sustainable building materials. The market is also supported by innovations in gypsum products and applications tailored to regional needs.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Gypsum Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Urbanization
- Infrastructure Development
- Sustainable Construction
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Renovation Projects - Renovation projects play a significant role in driving demand for gypsum products in the global market. As buildings age, there is a growing need for renovations and upgrades to maintain safety, functionality, and aesthetics. Gypsum, with its versatility and ease of application, is a preferred material for updating interiors. It is commonly used in the form of drywall, plaster, and other products to refresh and modernize existing structures.
The impact of renovation projects on the gypsum market is particularly notable in regions with extensive aging infrastructure and established urban centers. In North America and Europe, for example, a large proportion of buildings are several decades old, necessitating frequent renovations.
Renovation projects also create opportunities for market growth by driving innovation and product development. As the demand for more sustainable and energy-efficient building solutions increases, gypsum manufacturers are exploring new technologies and applications. This includes the development of eco-friendly gypsum products and innovative installation techniques that enhance performance and reduce environmental impact.
Restraints
- Environmental Regulations
- Fluctuating Raw Material Costs
- Supply Chain Disruptions
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Market Competition - Market competition in the global gypsum industry is intense, driven by a range of factors including the presence of numerous key players, technological advancements, and the diverse applications of gypsum products. The market is characterized by several large, established companies competing on the basis of product quality, innovation, and cost-efficiency.
In addition to established players, the gypsum market also faces competition from new entrants and regional manufacturers. These newer players often introduce innovative products or offer competitive pricing to gain a foothold in the market.
The competitive landscape is further influenced by global trends such as sustainability and technological advancements. Companies are increasingly investing in research and development to create eco-friendly and energy-efficient gypsum products. Innovations such as recycled gypsum and advanced processing techniques are becoming key differentiators in the market.
Opportunities
- Green Building Initiatives
- Emerging Markets
- Recycling Technologies
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Product Innovation - Product innovation in the global gypsum market is a crucial driver of growth and competitiveness. As demand for more efficient and sustainable building materials rises, companies are investing heavily in developing new and improved gypsum products.
Another significant area of innovation is the development of eco-friendly and sustainable gypsum products. With growing environmental awareness, there is a strong emphasis on reducing the environmental footprint of gypsum manufacturing. This includes the use of recycled gypsum, which repurposes waste material from demolition and manufacturing processes.
Technological advancements also play a key role in product innovation within the gypsum market. Modern production techniques, such as advanced gypsum board manufacturing and precision cutting, improve the efficiency and quality of gypsum products. Innovations in application technologies, such as automated installation systems, further streamline the use of gypsum in construction projects.
Competitive Landscape Analysis
Key players in Global Gypsum Market include;
- 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
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Gypsum Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Urbanization
- Infrastructure Development
- Sustainable Construction
- Renovation Projects
- Restraints
- Environmental Regulations
- Fluctuating Raw Material Costs
- Supply Chain Disruptions
- Market Competition
- Opportunities
- Green Building Initiatives
- Emerging Markets
- Recycling Technologies
- Product Innovation
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Gypsum Market, By Product Type, 2021 - 2031 (USD Million)
- Natural Gypsum
- Synthetic Gypsum
- Global Gypsum Market, By Application, 2021 - 2031 (USD Million)
- Cement
- Drywalls
- Plaster
- Soil Amendment Products
- Others
- Global Gypsum Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Gypsum Market, By Product Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- 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
- Company Profiles
- Analyst Views
- Future Outlook of the Market