The global gypsum market size reached around USD 2.73 Billion in 2023. The market is projected to grow at a CAGR of 4.20% between 2024 and 2032 to reach nearly USD 3.95 Billion by 2032.
Base Year
Historical Year
Forecast Year
| Global Gypsum Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 2.73 |
| Market Size 2032 | USD Billion | 3.95 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 4.2% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 4.8% |
| CAGR 2024-2032 - Market by Country | India | 5.6% |
| CAGR 2024-2032 - Market by Country | China | 4.6% |
| CAGR 2024-2032 - Market by Product Type | Synthetic | 7.1% |
| CAGR 2024-2032 - Market by Application | Residential | 4.7% |
| Market Share by Country 2023 | Germany | 4.5% |
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.
Value in USD Billion
2024-2032
Gypsum Market Outlook
*this image is indicative*
Growing construction activities in Saudi Arabia; growth of the agricultural industry; rising incidence of sports injuries; and increasing production of cement are the major factors favouring the gypsum market growth
In Q2 of FY2024-25, Saudi Arabia’s Construction Activity Index reached +64, making it a dominant national industry in the Middle East and Africa. This broad sector encompasses residential, industrial, commercial, infrastructure, and numerous others, which is fuelling the market growth.
Gypsum is extensively used as a soil conditioner since it promotes better air circulation and drainage, which facilitates nutrient absorption and root development. It also improves soil structure, which promotes plant growth. This is expected to favourably impact the gypsum market dynamics over the forecast period.
In 2021, around 3.2 million individuals visited ERs for injuries sustained during exercising, cycling, or playing basketball. Since fractures are one of the most common types of sports injuries, the usage of Plaster of Paris in healthcare facilities is expected to remain steady, thereby leading to the market growth.
By 2030, the demand for cement is expected to increase by 20% in North America, thereby necessitating the application of gypsum to control the hardening rate of cement.
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.
The EMR’s report titled “Global Gypsum Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Breakup by Type
Breakup by Product Type
Breakup by Setting Type
Breakup by Application
Breakup by Region
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.
| CAGR 2024-2032 - Market by | Country |
| India | 5.6% |
| China | 4.6% |
| Canada | 4.1% |
| Germany | 3.5% |
| Italy | 2.9% |
| USA | XX% |
| UK | XX% |
| France | XX% |
| Japan | 2.9% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
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 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 was founded in 1902 and is headquartered in Illinois, United States. It specialises in the pro...
VANS Gypsum was founded in 2010 and is headquartered in Chennai, India. It specialises in producing ceiling bo...
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.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
In 2023, the market reached an approximate value of USD 2.73 Billion.
The market is projected to grow at a CAGR of 4.20% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 3.95 Billion by 2032.
The different regions considered in the gypsum market report include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different types of gypsum in the market are impression plaster, model plaster, dental stone, dental stone high strength, and dental stone high expansion.
The different types of products in the market are natural and synthetic.
The different applications of gypsum are pre-engineered metal buildings, residential, industrial, commercial, and institutional.
Key players in the market are Knauf Digital GmbH, Saint-Gobain Group, Etex Group, YOSHINO GYPSUM CO., LTD., USG Corporation, Zawawi Group, GYPSEMNA CO LLC., Shree Cement Ltd., VANS Gypsum, and JONOUB Gypsum Cooperative, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Product Type |
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| Breakup by Setting Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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