Synthetic Gypsum Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence

Key Highlights:
• The global Synthetic Gypsum market size is expected to grow at a CAGR of 4.23% from 2021 to 2028.
• North America dominated the market in 2021
• Asia Pacific is expected to grow at the highest CAGR from 2021 to 2028

As per the study initiated by Evolve Business Intelligence, The global Synthetic Gypsum market size is expected to grow at a CAGR of 4.23% from 2021 to 2028. Synthetic gypsum refers to a byproduct generated during the flue gas desulfurization (FGD) process in coal-fired power plants, where sulfur dioxide emissions are reduced. This material is produced by capturing and processing the sulfur dioxide gases from industrial exhaust, typically through the reaction of limestone with the sulfur dioxide. The resulting synthetic gypsum, often in the form of calcium sulfate dihydrate, possesses similar chemical and physical properties to natural gypsum. It has become a valuable alternative to mined gypsum in various industrial applications, including the production of construction materials like gypsum board, as well as in agriculture for soil conditioning. Synthetic gypsum contributes to sustainability efforts by repurposing a waste product into a useful resource and reducing the environmental impact associated with traditional mining practices.

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The Synthetic Gypsum market is primarily driven by the increasing demand for sustainable and eco-friendly construction materials. As a byproduct of flue gas desulfurization processes in power plants, synthetic gypsum offers a viable alternative to natural gypsum in various applications, particularly in the production of gypsum-based construction products such as wallboard. The rising awareness of environmental concerns and the need for waste reduction contribute to the market's growth, as synthetic gypsum provides a means of repurposing industrial byproducts, reducing reliance on traditional mining, and supporting more environmentally responsible practices in the construction industry.

Key Players
Some of the major Synthetic Gypsum Market players holding high market shares include LafargeHolcim, National Gypsum, Synthetic Materials, Knauf Gips, and American Gypsum. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include FEECO International, Continental Building Products, Delta Gypsum, Gyptec IBÉRICA, and Saint-Gobain.

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Segmental Analysis
Based on Type, the Synthetic Gypsum market is segmented into FGD gypsum, Fluro gypsum, Phosphogypsum, Citro gypsum, and Others. The dominance of the FGD (Flue Gas Desulfurization) gypsum segment in the Synthetic Gypsum market is attributed to its widespread availability as a byproduct from coal-fired power plants, offering a sustainable and economically viable source for gypsum production. The increasing focus on environmental regulations driving the adoption of FGD processes contributes to the market's growth, meeting the demand for eco-friendly alternatives in construction materials.
Based on Application, the Synthetic Gypsum market is Drywall, Cement, Soil Amendment, Dental, Water Treatment, and Others. The Synthetic Gypsum market projected high CAGR in the Drywall segment is attributed to the material's cost-effectiveness, consistent quality, and eco-friendly profile, driving its increased utilization as a key component in the manufacturing of gypsum-based drywall products. The growing construction industry's emphasis on sustainable building practices and the advantages offered by Synthetic Gypsum contribute to its expanding market share in the drywall sector.

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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