Synthetic Gypsum Market Size to Grow by USD 2.14 billion, Growth Factors, Explosive Trends by Regions and Global Forecast 2029

Synthetic Gypsum Market Overview:

Synthetic gypsum is mostly used in the construction and the agricultural industries. The growth of the construction industry across the world has increased the demand for decorative structures and drywall which has propelled the demand for synthetic gypsum. Furthermore, the use of synthetic gypsum as a filler in the cement production process bolsters the growth of synthetic gypsum market.

The synthetic gypsum market was valued at USD 1.48 billion in 2020 and is projected to reach USD 2.14 billion by 2029, at a CAGR of 4.2%.

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The growth of the construction industry is significantly contributing to the growth of the synthetic gypsum market. Synthetic gypsum and many of its products are mainly used in the construction sector for finishing mortar, model making, wall surface putty, and others. There is rapid growth in the construction industry due to favorable macroeconomic conditions, rising disposable incomes, and low-interest rates.

Synthetic Gypsum Market Key Players

The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are LafargeHolcim, Compagnie de Saint-Gobain S.A., National Gypsum Properties LLC, Knauf Gips KG, Boral limited, PABCO Building Products, LLC, USG Corporation, American Gypsum, FEECO International, Inc., Synthetic Material LLC, Georgia Pacific Gypsum LLC, Gyp and Others

In December 2021, Saint-Gobain, a French company that designs, manufactures, and distributes materials that are key ingredients of construction material, entered into a definitive agreement to acquire GCP Applied Technologies for $2.3 billion. This acquisition helps the company to establish a leading position worldwide in construction chemicals. GCP Applied Technologies is an American-based company that sells various materials and chemicals that are used in construction as well as sealants and coatings used in packaging.

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Synthetic Gypsum Market Segmentation:

Synthetic Gypsum Market by Type, 2020-2029, (USD Billion), (Kilotons)

FGD Gypsum
Citrogypsum
Fluorogypsum
Phoshogypsum

Synthetic Gypsum Market by Application, 2020-2029, (USD Billion), (Kilotons)

Cement
Drywall
Soil Amendment
Dental

Growth Factors:

Increasing demand from the Synthetic Gypsum industries
The growing use of Synthetic Gypsum in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Synthetic Gypsum Market

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Synthetic Gypsum Market Regional Analysis

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering

North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Key Synthetic Gypsum Market Trends

- The report identifies, determines, and forecasts the Global Synthetic Gypsum Market segments based on their type, sub-type, technology used, applications, end-users, and regions.

- Industry to Industry Holds Largest Share in the Synthetic Gypsum Market

- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.

- Demand from Regional / geographical is expected to drive the Growth

- Rising Adoption of Market Segments in the Synthetic Gypsum Growth

- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Synthetic Gypsum Market.

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