The Global Market for Gypsum and Anhydrite is Projected to Exceed 370 Million Metric Tons by 2022

Demand from the Construction Industry Drives Global Gypsum & Anhydrite Consumption, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Gypsum and Anhydrite market. The global market for Gypsum and Anhydrite is projected to exceed 370 million metric tons by 2022, driven by increasing cement production, and recovering demand from the construction industry where Gypsum is the oldest and most preferred construction material.

Gypsum, available in varied forms and known with various names such as selenite (transparent gypsum), plaster of Paris, alabaster (ornamental art), and gypsum wallboard, represents the most preferred interior construction material worldwide since 9000 BC. Multiple benefits offered by the mineral in terms of comfort, fire resistance, aesthetics and design, thermal and acoustic insulation, versatility, adaptability, humidity and moisture resistance, impact resistance, and ease of installation, among others, are primarily responsible for the surging popularity of the mineral in the construction industry over the years. Another important factor favoring market growth include the environment friendly attribute of the mineral as it can be recycled infinite number of times. Also, CO2 emissions from gypsum are significantly lower when compared to the carbon footprint of other construction and building materials making it one of the most sustainable and preferred material for green building and renovation projects. As building construction becomes extremely demanding by the day with increasing focus on higher quality, cost-effectiveness, durability and sustainability, the scenario offers significant growth opportunities for gypsum in the coming years.

Future growth in the market will be driven by myriad applications of gypsum in the construction industry including, but not confined to, gypsum plaster and fiber boards, gypsum adhesives, gypsum wall blocks and ceiling tiles, gypsum based building plasters, gypsum jointing compounds, gypsum based floor screeds, gypsum smoothening and decorative plasters, gypsum floor levelling compounds, and gypsum plaster for mold casting, among others. Expected gains in the world construction sector, supported by rapid urbanization and improved investments in commercial real estate (CRE), will fuel demand for gypsum in the near term. The rising production and use of Portland cement, where Gypsum is used as an additive that controls the rate of cement hardening process to facilitate efficient setting of cement during its use in construction is also poised to benefit market prospects. The growing emphasis on ‘Green’ and LEED compliant buildings is another ongoing trend encouraging the demand for construction-grade gypsum products.

As stated by the new market research report on Gypsum and Anhydrite, Asia-Pacific represents the largest market worldwide supported by a large and lucrative construction sector in the region. The Middle East & Africa represents the fastest growing market registering a CAGR of 5.7% over the analysis period. Iran is one of the largest manufacturers of gypsum as well as anhydrite in the Middle East, and is highly renowned for producing superior quality gypsum.

Key players covered in the report include ACG Materials, Anhydritec, Beijing New Building Materials Public Limited Company, Blue Diamond Hill Gypsum (BDH Gypsum), COEMAC, Continental Building Products LLC, Eagle Materials, Inc., FACT - RCF Building Products Ltd. (FRBL), Georgia-Pacific Gypsum LLC, Knauf AG, National Gypsum Company, PABCO Gypsum, Saint Gobain SA, Thai Gypsum Products Pcl, and USG Corporation, among others.

The research report titled “Gypsum and Anhydrite: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major market participants. The report provides market estimates and projections for all major geographic markets such as the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Rest of World.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.