Synthetic Gypsum Market Size Projected To Reach $2.39 Billion By 2034 With A Cagr Of 7.6%

The Synthetic Gypsum Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Synthetic Gypsum Market?
The market size for synthetic gypsum has experienced robust growth over the past few years. It is projected to increase from a value of $1.68 billion in 2024 to $1.78 billion in 2025, achieving a compound annual growth rate (CAGR) of 6.3%. Factors such as environmental regulations, byproducts from coal combustion, the expansion of the construction industry, waste reduction, and cost efficiency have contributed to the significant growth observed in the past.

The market size for synthetic gypsum is predicted to experience robust expansion in the years to come, escalating to a value of $2.39 billion by 2029 with a compound annual growth rate (CAGR) of 7.6%. The growth prospects during the forecasted period can be associated with sustainability objectives, infrastructural development, agricultural uses, recycling drives, and an increase in energy production. The forecast period is expected to see major trends such as the use of green construction materials, improvements to agricultural soil, advancements in desulfurization technologies, the utilization of coal combustion byproducts, and alternative binders for cement.

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What Are the Different Synthetic Gypsum Market Segments?
The synthetic gypsum market covered in this report is segmented -

1) By Type: Citrogypsum, Fluorogypsum, Phosphogypsum, Titanogypsum
2) By Application: Cement, Plaster, Drywall, Soil Amendments, Glass Manufacturing
3) By Industry: Construction Industry, Agriculture Industry

Subsegments:
1) By Citrogypsum: Food Industry Applications, Agricultural Applications, Construction Applications
2) By Fluorogypsum: Cement And Concrete Production, Soil Conditioning, Industrial Applications
3) By Phosphogypsum: Fertilizer Production, Construction Materials, Environmental Remediation
4) By Titanogypsum: Titanium Dioxide Production, Cement Additives, Environmental Applications

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What Are the Primary Drivers Shaping the Synthetic Gypsum Market?
The synthetic gypsum market is predicted to grow due to an increasing trend of home renovations and remodeling. Enhancing residential spaces to improve convenience, design and worth is part of such renovations and remodeling. The motivation for remodeling homes comes from homeowners' yearning for a unique space as well as escalating real estate prices which make renovation a more economical option compared to relocation. Synthetic gypsum is commonly employed in decor to produce architectural moldings, ornamental features, wall panels, and ceiling designs, due to its malleability and flawless finish. For instance, the Joint Center for Housing Studies of Harvard University, a think tank and research institute based in the US, predicted in January 2023 that national expenditure on renovations and repairs of proprietor-occupied residences was forecasted to hit $485 billion in 2023, signifying a 2.6% rise from 2022. Consequently, the synthetic gypsum market is stimulated by the growing appeal towards home renovations and remodeling.

Which Companies Are Leading in the Synthetic Gypsum Market?
Major companies operating in the synthetic gypsum market include American Gypsum, Boral Limited, British Gypsum Limited, Continental Building Products Inc., Delta Gypsum LLC, Fertilizer Engineering & Equipment Company, Georgia-Pacific Gypsum LLC, Gessos Técnicos S.A., Knauf Gips KG, Lafarge Holcim Ltd., National Gypsum Company, PABCO Building Products LLC, Synthetic Materials LLC, USG Corporation, Constantia Building Products AG, BauMineral GmbH, Compagnie de Saint-Gobain SA, Drax Group plc, Compagnie de Saint-Gobain S.A., Travancore Titanium Products Limited, Synthetic Material LLC, Eagle Materials Inc., Etex NV, Electric Power Research Institute Inc., Gypsum Management and Supply Inc., Yoshino Gypsum Co. Ltd.

What Are the Major Trends Shaping the Synthetic Gypsum Market?
A significant trend in the synthetic gypsum market is the growing acceptance of flue-gas desulfurization (FGD) technology. FGD is a method used to take away sulphur compounds from the waste gases of fossil fuel power stations. This technology leads to the increased production of synthetic gypsum. Mitsubishi Power is a case in point, offering FGD plants globally that avert air contamination through their wet limestone-gypsum FGD procedure and seawater FGD method. India has future plans to set up FGD systems in numerous coal-powered thermal power plants by 2022.

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What Are the Top Revenue-Generating Geographies in the Synthetic Gypsum Market?
North America was the largest region in the synthetic gypsum market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the synthetic gypsum market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Synthetic Gypsum Market?
2. What is the CAGR expected in the Synthetic Gypsum Market?
3. What Are the Key Innovations Transforming the Synthetic Gypsum Industry?
4. Which Region Is Leading the Synthetic Gypsum Market?

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