Gypsum Market
By Product Type;
Natural and SyntheticBy End Use;
Cement, Drywalls, Plaster, Soil Amendment, Gypsum Blocks and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Gypsum Market Overview
Gypsum Market (USD Million)
Gypsum Market was valued at USD 8,709.25 million in the year 2024. The size of this market is expected to increase to USD 12,923.50 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.8%.
Gypsum Market
*Market size in USD million
CAGR 5.8 %
Study Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 5.8 % |
Market Size (2024) | USD 8,709.25 Million |
Market Size (2031) | USD 12,923.50 Million |
Market Concentration | Medium |
Report Pages | 302 |
Major Players
- Knauf Gips KG
- Saint-Gobain
- Boral Limited
- National Gypsum Company (U.S.)
- Lafarge
- Yoshino Gypsum Co., Ltd.
- Beijing New Building Materials PLC
- Mada Gypsum
- National Gypsum (Saudi Arabia)
- JONOUB Gypsum
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Gypsum Market
Fragmented - Highly competitive market without dominant players
The Gypsum Market is witnessing consistent expansion, driven by its widespread utility across construction, agriculture, and industrial sectors. Known for its cost efficiency and multifunctional properties, gypsum plays a central role in infrastructure projects, farming, and product manufacturing. More than 65% of demand stems from the construction industry, where it is valued for durability, fire resistance, and sustainable building solutions.
Construction Industry as a Key Driver
In the construction segment, gypsum is indispensable for producing drywall, plaster, and cement. Approximately 55% of its use is tied to wallboard manufacturing, underscoring its relevance in residential and commercial projects. The growing shift toward eco-friendly materials has also encouraged the adoption of recyclable gypsum, aligning the market with global green building trends.
Expanding Role in Agriculture
The agricultural sector accounts for close to 20% of global gypsum consumption, highlighting its role in enhancing soil fertility and improving crop productivity. Its natural composition of calcium and sulfur makes it effective for soil conditioning and reducing salinity, supporting sustainable farming practices.
Industrial Applications of Gypsum
In industrial applications, gypsum contributes nearly 15% of total usage, with applications ranging from plaster of Paris to specialized molds and fertilizers. Its quick-setting, smooth finishing, and superior binding qualities make it an essential raw material in industries requiring precision and high-quality outputs.
Future Growth Prospects
Looking forward, the gypsum market is projected to sustain growth, powered by innovation and environmental responsibility. Currently, about 40% of gypsum products feature advanced processing technologies aimed at efficiency and reduced ecological footprint. These developments position gypsum as a vital resource for both present and future industrial needs.
Gypsum Market Recent Developments
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In April 2024, Saint-Gobain Gypsum launched a new line of eco-friendly gypsum boards that reduce energy consumption during production. This innovation aligns with the growing trend towards sustainable construction materials
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In September 2023, a merger between Knauf and USG increased market consolidation, combining their resources to enhance gypsum board production and supply capabilities globally
Gypsum Market Segment Analysis
In this report, the Gypsum Market has been segmented by Product Type, Application and Geography.
Gypsum Market, Segmentation by Product Type
The Gypsum Market has been segmented by Product Type into Natural Gypsum and Synthetic Gypsum.
Natural Gypsum
Natural Gypsum is widely used in the construction industry for making cement, plaster, and drywalls. It is a readily available raw material that provides strength and durability to building structures. Increasing infrastructure projects and housing demand are fueling its consumption worldwide. Its eco-friendly nature also enhances its adoption in sustainable construction practices.
Synthetic Gypsum
Synthetic Gypsum, produced as a byproduct of industrial processes, is gaining popularity for its consistent purity and performance. It is widely utilized in cement, fertilizers, and soil amendments. Rising environmental concerns are encouraging industries to recycle and adopt synthetic gypsum. Its role in reducing industrial waste further supports the market’s growth trajectory.
Gypsum Market, Segmentation by Application
The Gypsum Market has been segmented by Application into Cement, Drywalls, Plaster, Soil Amendment Products, and Others.
Cement
The cement industry represents the largest application of gypsum, accounting for a significant share of global demand. Gypsum acts as a setting regulator, ensuring proper hardening of cement. Rapid urbanization and infrastructure expansion are fueling this demand. Strong growth in emerging economies continues to drive its consumption.
Drywalls
Drywalls made from gypsum are widely used in modern construction for their lightweight and fire-resistant properties. Demand for energy-efficient housing is boosting the adoption of gypsum-based drywalls. The rising popularity of prefabricated construction also enhances this segment. Their recyclability further supports their increasing use in sustainable building projects.
Plaster
Gypsum plaster is a preferred material for interior finishing due to its smooth texture and durability. It is replacing traditional cement plaster in many markets. Easy application and reduced construction time make it popular in residential and commercial projects. Increasing demand for aesthetic finishes supports steady growth in this segment.
Soil Amendment Products
Gypsum is an effective soil conditioner, enhancing soil structure and fertility. It improves water infiltration and reduces soil salinity, making it essential in agriculture. Rising global focus on sustainable farming practices is fueling this demand. Its role in increasing crop yield further strengthens its adoption in agricultural applications.
Others
Other applications include medical, ceramics, and industrial uses of gypsum. In healthcare, it is applied in orthopedic casts and molds. The ceramics industry also utilizes gypsum for molds and shaping. These niche applications, though smaller in scale, contribute steadily to overall market growth. Continuous innovations are expected to expand its applications further.
Gypsum Market, Segmentation by Geography
In this report, the Gypsum Market has been segmented by Geography into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Regions and Countries Analyzed in this Report
Gypsum Market Share (%), by Geographical Region
North America
North America holds about 27% of the market, driven by large-scale construction and infrastructure projects. The U.S. leads demand due to strong usage of gypsum boards and cement. Canada also contributes significantly with demand in housing and agriculture. Ongoing investments in green building materials sustain market growth.
Europe
Europe accounts for nearly 24% of global share, supported by advanced plaster and drywall industries. Countries like Germany, France, and the UK dominate the region’s demand. Strict EU regulations on sustainable construction further boost gypsum adoption. Renovation of old infrastructure continues to provide growth opportunities.
Asia Pacific
Asia Pacific dominates with around 34% share, driven by rapid urbanization in China, India, and Southeast Asia. High demand from cement and housing projects strengthens this region’s position. Expanding industrialization also contributes to gypsum usage in agriculture and construction. Low-cost production advantages make Asia Pacific a global supply hub.
Middle East & Africa
The Middle East & Africa contribute about 8% of the total market, with growth led by GCC nations. Rising demand for plasterboards and cement in mega construction projects supports expansion. Africa is also witnessing gradual adoption in agriculture and housing. Regional investments in infrastructure drive steady growth.
Latin America
Latin America holds approximately 7% of the market, with Brazil and Mexico as key contributors. Growing demand for drywalls and soil conditioners supports expansion. Economic development and urban housing projects are fueling growth in the region. The trend towards sustainable building materials is expected to accelerate demand further.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Gypsum Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Urbanization
- Infrastructure Development
- Sustainable Construction
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Renovation Projects - Renovation projects play a significant role in driving demand for gypsum products in the global market. As buildings age, there is a growing need for renovations and upgrades to maintain safety, functionality, and aesthetics. Gypsum, with its versatility and ease of application, is a preferred material for updating interiors. It is commonly used in the form of drywall, plaster, and other products to refresh and modernize existing structures.
The impact of renovation projects on the gypsum market is particularly notable in regions with extensive aging infrastructure and established urban centers. In North America and Europe, for example, a large proportion of buildings are several decades old, necessitating frequent renovations.
Renovation projects also create opportunities for market growth by driving innovation and product development. As the demand for more sustainable and energy-efficient building solutions increases, gypsum manufacturers are exploring new technologies and applications. This includes the development of eco-friendly gypsum products and innovative installation techniques that enhance performance and reduce environmental impact.
Restraints
- Environmental Regulations
- Fluctuating Raw Material Costs
- Supply Chain Disruptions
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Market Competition - Market competition in the global gypsum industry is intense, driven by a range of factors including the presence of numerous key players, technological advancements, and the diverse applications of gypsum products. The market is characterized by several large, established companies competing on the basis of product quality, innovation, and cost-efficiency.
In addition to established players, the gypsum market also faces competition from new entrants and regional manufacturers. These newer players often introduce innovative products or offer competitive pricing to gain a foothold in the market.
The competitive landscape is further influenced by global trends such as sustainability and technological advancements. Companies are increasingly investing in research and development to create eco-friendly and energy-efficient gypsum products. Innovations such as recycled gypsum and advanced processing techniques are becoming key differentiators in the market.
Opportunities
- Green Building Initiatives
- Emerging Markets
- Recycling Technologies
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Product Innovation - Product innovation in the global gypsum market is a crucial driver of growth and competitiveness. As demand for more efficient and sustainable building materials rises, companies are investing heavily in developing new and improved gypsum products.
Another significant area of innovation is the development of eco-friendly and sustainable gypsum products. With growing environmental awareness, there is a strong emphasis on reducing the environmental footprint of gypsum manufacturing. This includes the use of recycled gypsum, which repurposes waste material from demolition and manufacturing processes.
Technological advancements also play a key role in product innovation within the gypsum market. Modern production techniques, such as advanced gypsum board manufacturing and precision cutting, improve the efficiency and quality of gypsum products. Innovations in application technologies, such as automated installation systems, further streamline the use of gypsum in construction projects.
Gypsum Market Competitive Landscape Analysis
Gypsum Market is experiencing steady growth driven by strategic partnerships, mergers, and collaborative initiatives among leading industry players. Continuous focus on technological advancements and product innovation strengthens competitive positioning, while companies expand their portfolios to capture higher market share and ensure a sustainable long-term future outlook.
Market Structure and Concentration
The market demonstrates a moderately concentrated structure, with top companies controlling a notable percentage of revenue. Industry participants implement mergers, acquisitions, and strategic collaboration to drive growth. Emerging players intensify competition, influencing regional expansion and shaping the gypsum market landscape across construction and industrial applications.
Brand and Channel Strategies
Key companies adopt robust branding and distribution strategies to strengthen market penetration. Collaborations with distributors, contractors, and industrial clients optimize growth channels. Product differentiation, targeted marketing, and collaborative initiatives enhance brand visibility, supporting a sustainable long-term future outlook across diverse gypsum applications.
Innovation Drivers and Technological Advancements
Technological advancements in production methods, material quality, and sustainability drive market growth. Research collaborations and strategic partnerships accelerate product innovation, enabling companies to meet evolving construction and industrial demands. Cutting-edge solutions strengthen competitive strategies and align with future expansion trends in the gypsum industry.
Regional Momentum and Expansion
Regional expansion is driven by strategic market entry initiatives and collaborative partnerships. High adoption in emerging regions contributes significant growth percentages, while established markets focus on optimizing strategies for deeper penetration. Mergers and alliances enhance regional presence, supporting a sustainable future outlook and overall competitive positioning.
Future Outlook
The future outlook for the Gypsum Market remains promising, with technological advancements and strategic partnerships expected to drive sustained growth. Investments in innovation and regional expansion strategies help companies maintain long-term competitive advantage, ensuring the market evolves efficiently while meeting changing construction and industrial needs and emerging strategies.
Key players in Gypsum Market include;
- Knauf Gips KG
- Saint-Gobain
- Boral Limited
- National Gypsum Company (U.S.)
- Lafarge
- Yoshino Gypsum Co., Ltd.
- Beijing New Building Materials PLC
- Mada Gypsum
- National Gypsum (Saudi Arabia)
- JONOUB Gypsum
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By End Use
- Market Snapshot, By Region
- Gypsum Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Urbanization
- Infrastructure Development
- Sustainable Construction
- Renovation Projects
- Restraints
- Environmental Regulations
- Fluctuating Raw Material Costs
- Supply Chain Disruptions
- Market Competition
- Opportunities
- Green Building Initiatives
- Emerging Markets
- Recycling Technologies
- Product Innovation
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Gypsum Market, By Product Type, 2021 - 2031 (USD Million)
- Natural
- Synthetic
- Gypsum Market, By End Use, 2021 - 2031 (USD Million)
- Cement
- Drywalls
- Plaster
- Soil Amendment
- Gypsum Blocks
- Others
- Gypsum Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Gypsum Market, By Product Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Knauf Gips KG
- Saint-Gobain
- Boral Limited
- National Gypsum Company (U.S.)
- Lafarge
- Yoshino Gypsum Co., Ltd.
- Beijing New Building Materials PLC
- Mada Gypsum
- National Gypsum (Saudi Arabia)
- JONOUB Gypsum
- Company Profiles
- Analyst Views
- Future Outlook of the Market