Global Gypsum Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2024-2032)

Global Gypsum Market Growth

In 2021, the number of injuries sustained by teenagers rose year-on-year by 58% in the United States. Sprains and fractures were ranked as the most common type of sports injuries, with boys accounting for over 71% of all victims regardless of age. Dynamic movement, insufficient protection, falls, and overuse were some of the main factors responsible for sports-related injuries, with basketball and football recording the highest rate of accidental injuries. This is expected to increase the gypsum market revenue, as gypsum is extensively used in formulating Plaster of Paris, which is used to form casts for healing broken bones.

As per the Resource Recycling Systems, around 33% of the volume of CDM (construction and demolition materials) reaching the landfills of Summit County in Colorado can be effectively used for different applications after getting recycled. This includes gypsum wallboard, which was observed as one of the top 11 waste materials. This has prompted the county authorities to shift towards increasing the rate of CDM recycling/reusing to 25% by 2028 and 50% by 2035.

Key Trends and Developments

Global Gypsum Market Trends

The robust growth of Saudi Arabia’s construction sector was driven by an extensive project pipeline, amounting to nearly USD 1.5 trillion. This represents nearly 39 per cent share of the Middle East and Africa’s construction industry worth USD 3.9 trillion. As per the market analysis, countries such as the UAE and Mauritius recorded a CAI of +54 and +57. This is expected to fuel the gypsum market expansion over the forecast period. Gypsum is extensively used for making drywall, which provides a smooth finish for ceilings and walls. It is also critical for cement production, which is driving the market growth.

Global Gypsum Industry Segmentation

Global Gypsum Market Share

Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2024-32, the Asia Pacific is expected to grow at a CAGR of 4.8% due to the robust growth of the construction industry and the rising government focus on sustaining agricultural productivity. As per the gypsum market analysis, the demand for gypsum in India is expected to increase by 5.6%, due to the growing application of gypsum in pre-engineered metal buildings.

Leading Companies in the Global Gypsum Market

Major players are increasing gypsum wallboard production to cater to the growing demands from the construction sector, thereby driving the gypsum market revenue.

Etex Group

Etex Group was founded in 1905 and is headquartered in Zaventem, Belgium. It is a family-owned building material manufacturing company that is present across 45 countries.

USG Corporation

USG Corporation was founded in 1902 and is headquartered in Illinois, United States. It specialises in the pro...

VANS Gypsum

VANS Gypsum was founded in 2010 and is headquartered in Chennai, India. It specialises in producing ceiling bo...

JONOUB Gypsum Cooperative

JONOUB Gypsum Cooperative was founded in 1982 and is headquartered in Iran. It is engaged in supplying high-qu...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other players included in the gypsum market report are Knauf Digital GmbH, Saint-Gobain Group, YOSHINO GYPSUM CO., LTD., Zawawi Group, GYPSEMNA CO LLC., and Shree Cement Ltd., among others.