Gypsum Market
By Product Type;
Natural Gypsum and Synthetic (FGD, Phospho-, Citro-Gypsum)By End-Use;
Plasterboard & Drywall - [Residential Interiors, Commercial & Institutional, Moisture & Fire & Specialty Boards], Cement - [OPC Setting Regulator and Blended & Low-Clinker Cements], Plaster (Stucco, Casting and Finish), 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 Key Takeaways
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Rising construction and infrastructure development worldwide is driving strong demand for gypsum in applications such as drywall, plaster and gypsum boards.
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Natural gypsum continues to lead in usage, while the growing production of synthetic gypsum through industrial by-products is improving sustainability and resource efficiency.
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The Asia-Pacific region remains the fastest-growing market, supported by large-scale urbanization, housing development and demand for lightweight construction materials.
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Manufacturers are innovating with moisture-resistant, fire-rated and decorative gypsum boards to meet evolving requirements for energy-efficient and modern interior solutions.
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Key challenges include raw material supply volatility, high transportation costs and increasing environmental regulations related to waste recycling and disposal.
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Producers focusing on integrated wallboard systems, automated installation technologies and value-added gypsum solutions are achieving stronger competitive differentiation.
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The ongoing shift toward sustainable construction, circular economy practices and green building certifications is reinforcing gypsum’s role as a critical low-carbon construction material.
Gypsum Market Recent Developments
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In April 2024, Saint-Gobain Gypsum introduced an eco-friendly line of gypsum boards designed to lower energy consumption during production. This sustainable innovation supports the increasing demand for greener construction materials.
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In September 2023, Knauf and USG completed a merger that strengthened global market consolidation. By combining resources, the companies enhanced their gypsum board production and supply capabilities worldwide.
Gypsum Market Segment Analysis
In this report, the Gypsum Market has been segmented by Product Type, End-Use, and Geography.
Gypsum Market, Segmentation by Product Type
The gypsum market is primarily segmented by product type, which plays a key role in determining the applications and demand patterns across various industries. The main product types are Natural Gypsum and Synthetic Gypsum (including FGD, Phospho-, and Citro-Gypsum). Each of these categories caters to specific market needs, with synthetic gypsum being increasingly adopted in various industrial applications due to its cost-effectiveness and sustainability benefits. According to market trends, synthetic gypsum is witnessing a growing share, driven by regulations encouraging environmental sustainability.
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Natural Gypsum
Natural gypsum remains a staple in traditional construction and industrial applications. It is mainly used in the production of plasterboard and cement, with applications in residential and commercial buildings. The demand for natural gypsum is driven by its established supply chain and reliability. However, increasing environmental concerns are prompting a shift towards synthetic alternatives in certain regions.
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Synthetic Gypsum
Synthetic gypsum, produced as a by-product of industrial processes like flue gas desulfurization (FGD), is gaining momentum due to its environmental benefits. Its lower cost and availability from industrial waste streams have contributed to its growth in markets focused on sustainability. It is particularly prevalent in cement production and increasingly in plasterboard manufacturing.
Gypsum Market, Segmentation by End-Use
The gypsum market is also segmented based on its end-use applications. The key categories include plasterboard & drywall, cement, plaster, soil amendment, and gypsum blocks, among others. These segments are crucial for understanding the distribution and application patterns of gypsum in various industries. For instance, the plasterboard & drywall segment is a significant driver in the construction industry, especially in residential and commercial buildings, where moisture, fire resistance, and specialty properties are in demand.
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Plasterboard & Drywall
Plasterboard & drywall is used extensively in residential interiors, commercial & institutional spaces, and in specialty applications like moisture and fire-resistant boards. These products dominate the gypsum market, driven by the construction industry's constant demand for cost-effective, durable materials. The adoption of advanced technologies is also enabling higher performance in terms of fire safety and moisture control.
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Residential Interiors
This sub-segment focuses on gypsum's use in residential interior applications, including walls, ceilings, and partition boards. The demand is influenced by housing growth, renovation trends, and the increasing need for fire-resistant, lightweight materials in homes.
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Commercial & Institutional
The commercial & institutional sector demands gypsum-based solutions for large-scale building projects such as offices, schools, and hospitals. These spaces require specific features such as fire resistance and acoustics, where gypsum offers significant advantages.
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Moisture & Fire & Specialty Boards
Specialty gypsum boards with moisture resistance and fire resistance are increasingly preferred for construction in regions with high humidity or fire hazard concerns. These products provide critical safety features for both residential and commercial construction.
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Cement
Gypsum is crucial in the cement industry, where it serves as a setting regulator and in blended and low-clinker cements. The demand for gypsum in cement production is closely linked to global construction activities. The growth of green construction and sustainable building practices has driven the adoption of low-clinker cements, where gypsum plays an integral role.
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OPC Setting Regulator
Ordinary Portland Cement (OPC) uses gypsum as a setting regulator to control the rate at which cement hardens. This allows for optimal mixing and curing times in large-scale construction projects, ensuring the material's integrity.
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Blended & Low-Clinker Cements
The use of blended and low-clinker cements is gaining momentum in the industry, driven by sustainability goals. These cements use gypsum to regulate the setting time, while minimizing the environmental impact by reducing clinker content.
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Plaster
Gypsum is extensively used in plaster applications, including stucco, casting, and finish plasters. These products are key in construction, providing both aesthetic and functional benefits such as insulation, surface finishing, and protection. The demand is influenced by trends in interior design and construction.
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Soil Amendment
Gypsum is also used as a soil amendment to improve soil structure and enhance water infiltration. It is particularly useful in agriculture, helping to break up compacted soils and providing essential nutrients. The demand for gypsum in agriculture is growing due to the increasing focus on sustainable farming practices.
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Gypsum Blocks
Gypsum blocks are used in lightweight construction applications, offering a simple, cost-effective building solution. Their growing use in non-load-bearing walls is driven by the need for quick and efficient construction in both residential and commercial buildings.
Gypsum Market, Segmentation by Geography
In this report, the Gypsum Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Regions and Countries Analyzed in this Report
North America
North America is one of the largest markets for gypsum, driven by strong demand from the construction sector, particularly in the United States and Canada. The region’s focus on green building and sustainable construction practices has led to increased adoption of synthetic gypsum, with a noticeable shift towards low-clinker cements and fire-resistant plasterboards.
Europe
Europe's gypsum market is driven by stringent environmental regulations and a growing preference for eco-friendly construction materials. Countries such as Germany, France, and the UK are leading the way in adopting synthetic gypsum for cement and plasterboard manufacturing, supported by robust regulations favoring sustainable building materials.
Asia Pacific
Asia Pacific is experiencing significant growth in the gypsum market, particularly in emerging economies such as China and India. Rapid urbanization and infrastructure development are the primary drivers, with increasing demand for both natural and synthetic gypsum in construction and agriculture.
Middle East & Africa
The Middle East and Africa are witnessing rising demand for gypsum, particularly in the construction sector due to rapid urbanization and large-scale development projects. The region’s harsh climate also drives demand for moisture and fire-resistant gypsum products, especially in the form of plasterboards and cement.
Latin America
In Latin America, the gypsum market is expanding due to increasing investments in infrastructure and residential construction, especially in Brazil and Mexico. The demand for gypsum in cement production is expected to grow, as governments continue to promote construction and industrialization initiatives.
Gypsum Market Forces
This report provides an in depth analysis of various factors that impact the dynamics of Gypsum Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces Drivers, Restraints, and Opportunities affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
| Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
|---|---|---|---|---|---|
| Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
| Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
| Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
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:
- Market Share Analysis
- 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 Gypsum
- Synthetic (FGD, Phospho-, Citro-Gypsum)
- Gypsum Market, By End-Use, 2021 - 2031 (USD Million)
- Plasterboard & Drywall
- Residential Interiors
- Commercial & Institutional
- Moisture & Fire & Specialty Boards
- Cement
- OPC Setting Regulator
- Blended & Low-Clinker Cements
- Plaster (Stucco, Casting and Finish)
- Soil Amendment
- Gypsum Blocks
- Others
- Plasterboard & Drywall
- 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

