Press release
Synthetic Gypsum Market is going to cross value of US$ 3.3 Bn by 2030
Synthetic Gypsum Market 2022 to 2030
As per PMR analysis, the global Synthetic Gypsum Market is projected to reach a market value of US$ 3.3 Bn by 2030, expanding at a CAGR of over 5% during the forecast period of 2020-2030.
The Synthetic Gypsum market is a highly dynamic sector of the global economy, with rapid advances in technology and production processes driving growth and new opportunities. Synthetic gypsum is a waste material from various industrial processes, such as the production of phosphoric acid, that has been purified and processed to be used in various applications. Synthetic gypsum is an economical alternative to natural gypsum for many uses, including building materials, soil amendment products and agricultural uses.
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In recent years, Synthetic Gypsum market has grown significantly due to its affordability and wide range of applications. Synthetic gypsum also plays an important role in reducing pollution from industrial activities since it can replace other types of raw materials or by-products that may be harmful to the environment. As a result, synthetic gypsum has become increasingly popular among industries looking to reduce their environmental impact.
The Synthetic Gypsum market consists of several key players that manufacture the product and supply it to end-users around the world. The largest suppliers are located in North America and Europe, though there are also many companies located in Asia-Pacific countries like India and China. These companies produce Synthetic Gypsum for use in construction materials, fertilizer manufacturing, paper production, wallboard production and soil amendment products.
Key Players-
• 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
• Gyptec IBERICA
• Delta Gypsum and more
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Key Takeaways from Synthetic Gypsum Market Sale Study
• In terms of regional growth, Asia Pacific is the manufacturing hub for cement, and is anticipated to witness rapid growth in the global Synthetic Gypsum Market Sale.
• Drywall manufacturing is the most significantly growing application segment in this market in terms of synthetic gypsum consumption.
• Urbanization and growth in the agriculture sector for FGD gypsum, which is used as a fertilizer for improving soil amendment and crop productivity, are expected to push the growth of the Synthetic Gypsum Market Sale over the coming years.
• Rapidly growing demand for drywall and cement in the construction industry is expected to generate increased demand for synthetic gypsum.
• While the Synthetic Gypsum Market Sale is projected to grow at a healthy pace, the ongoing COVID-19pandemic is anticipated to have a significant negative impact on demand. This is expected to continue during 2020-21.
"Owing to the COVID-19 pandemic impact across the globe, the market in North America and Europe is expected to be impacted moderately, owing to less demand from end users. However, governments are likely to play a strong role over the coming months, as they are looking to create jobs and fuel the growth of the manufacturing sector in a strategic manner to avoid getting burdened with debt," says a PMR analyst.
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Overall industry trends suggest that demand for synthetic gypsums will remain strong on a global scale driven primarily by increased urbanization projects throughout emerging markets such as China while continuing to offer sustainable solutions that not only reduce pollution but also help factories lower costs associated with raw materials needed for manufacturing processes such as phosphoric acid synthesis or paper production . The future outlook looks positive considering the increasing awareness about environmental issues amongst consumers which further reinforces its popularity as an economically viable alternative that enables sustainability goals without compromising on quality or performance outcomes .
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