Press release
Gypsum Market Overview 2024-2033: Share, Size, and Forecast Insights
Gypsum Market
The Business Research Company presents an extensive market research report on the Gypsum Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The gypsum market size has grown rapidly in recent years. It will grow from $35.56 billion in 2023 to $39.8 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to increased mining production and government initiatives for gypsum mine expansion.
The gypsum market size is expected to see rapid growth in the next few years. It will grow to $59.38 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to increase in demand for plaster of paris and rise in cement production. Major trends in the forecast period include investing in lithium battery-powered gypsum haulers over conventional or diesel-powered mining machinery and equipment, increasing investment, using 3d mine visualizers to obtain a real-time digital model of a mine, focusing on technologies to prevent accidents and improve the safety of miners.
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Key Market Players:
Major companies operating in the gypsum market report are Rio Tinto Group, Iluka Resources Limited, FCI Aravali Gypsum and Minerals, zawawi minerals, kunooz oman holding, Rajasthan State Mines and Minerals limited, CHEM-CARB, NMDC Ltd, Uranium Corporation of India Ltd, Hindalco, Vedanta Ltd, Coal India Ltd, Gujarat Mineral Development Corporation Ltd, MOIL, Indian Rare Earths Ltd, Shaanxi Coal and Chemical Industry Group Co Ltd, Henan Yukuang International Mining Investment Co Ltd, Baumineral GmbH, Steag GmbH, Knauf Gips KG, Torralba Group, British Gypsum (St Gobain), ETEX Group, Polska sp. z o.o, Harrison Gypsum, The H Lima Company Inc, Little Salt Creek Gyp Mine, Twisselman Gypsum, Allied Custom Gypsum, National Gypsum, Diamond Gypsum LLC, Pioneer Gypsum Mining Inc, Sumitomo Metal Mining Chile Ltda, Cerro Cazador SA, COMSA, Wasit General Trading LLC, Emirates House General Trading LLC, Awam Group LLC, United Mining Industries Company Limited (UMI), African Queen Mines Ltd, Anglo African Gypsum
Market Drivers:
A rise in cement production is expected to drive the growth of the gypsum mining market during the forecast period. Cement is one of the most important building materials that sets and hardens to adhere to building units. Gypsum is the main mineral that is added to the cement. It is called the retarding agent of cement as it is mainly used for regulating the setting time of the cement. Without gypsum, cement clinker can condense immediately by mixing with water and releasing heat. For instance, according to the India Brand Equity Foundation, an India-based trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India, cement production in India increased by 19.4% in June 2022 as compared to June 2021. Therefore, the rise in cement production would promote the growth of the gypsum market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/gypsum-global-market-report
The gypsum market covered in this report is segmented -
1) By Application: Gypsum For Construction, Agricultural Gypsum, Other Gypsum
2) By Mining Type: Underground Mining, Surface Mining
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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