Synthetic Gypsum Market is Anticipated to Expand upto $2.32 Billion in 2029

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What Is the Forecasted Market Growth Rate of the Synthetic Gypsum Industry?
Recently, the size of the synthetic gypsum market has seen a consistent increase. The market's growth is set to increase from $1.68 billion in 2024 to $1.76 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 4.7%. Environmental regulations, byproducts from coal combustion, the expansion of the construction industry, waste minimization, and cost-effectiveness are some of the factors that contributed to the market's growth during the historic period.

How Will the Synthetic Gypsum Market Size Evolve From 2025 to 2029?
The market for synthetic gypsum is forecasted to experience robust growth in the coming years, set to rise to $2.32 billion by 2029, presenting a compound annual growth rate (CAGR) of 7.2%. The projected growth during this period is due to factors such as sustainability objectives, the development of infrastructure, agricultural use, recycling programs, and increased energy production. Key trends over this forecast period include the use of green building materials, amending agricultural soil, the application of advanced desulfurization technologies, utilization of coal combustion byproducts, and alternative binder options for cement.

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What Are the Main Growth Drivers in the Synthetic Gypsum Market Today?
The synthetic gypsum market is anticipated to grow thanks to a rising trend in home remodeling and renovations. Enhancing residential areas for improved aesthetics, functionality, and value is what constitutes home remodeling. This sector is propelled by homeowners' craving for personalized spaces and escalating real estate prices that make refurbishment a more economical option than relocating. Synthetic gypsum is popular in decor for producing architectural moldings, ceiling patterns, wall panels, and ornamental features due to its easy-to-shape nature and sleek finish. For example, the Joint Center for Housing Studies at Harvard University predicted in January 2023 that the national expenditure on remodeling and reparations for owner-occupied residences would hit $485 billion in 2023 - a 2.6% rise from 2022. Hence, the spike in home remodeling and renovation activities is driving the synthetic gypsum market.

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Which Synthetic Gypsum Market Segment Is Expected to Lead Through 2029?
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

Which Market Trends Are Expected to Dominate Synthetic Gypsum Industry Growth?
The synthetic gypsum market is experiencing a significant trend - the rising adoption of flue-gas desulfurization (FGD) technology. This process effectively eliminates sulfur compounds from the emissions generated by fossil fuel power plants, leading to an upsurge in synthetic gypsum production. Mitsubishi Power is a prime example of a company that delivers FGD plants globally, preventing air pollution with their wet limestone-gypsum FGD procedure and seawater FGD method. By 2022, India projects to set up FGD systems across numerous coal-powered thermal power plants.

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Which Companies Hold the Largest Market Share in the Synthetic Gypsum Sector?
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.

Where Is the Synthetic Gypsum Market Experiencing the Highest Growth?
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.

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