Overview and Scope
Gypsum refers to the process of mining gypsum and its compounds which are used in the production of wallboard, cement, plaster of Paris, soil conditioning, and as a hardening retarder in Portland cement.
Sizing and Forecast
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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Segmentation & Regional Insights
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
South America was the largest region in the gypsum market in 2023. The regions covered in the gypsum market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry 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
The gypsum market report table of contents includes:
1. Executive Summary
2. Gypsum Market Characteristics
3. Gypsum Market Trends And Strategies
4. Gypsum Market - Macro Economic Scenario
5. Global Gypsum Market Size and Growth
....
32. Global Gypsum Market Competitive Benchmarking
33. Global Gypsum Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Gypsum Market
35. Gypsum Market Future Outlook and Potential Analysis
36. Appendix
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