The gypsum market accounted for US$ 2.34 billion in 2020 and is estimated to be US$ 4.83 billion by 2030 and is anticipated to register a CAGR of 7.50%. Gypsum is a soft sulfate mineral composed of calcium sulphate dihydrate, with the formula CaSO4·2H2O. It widely mined and is employed as a fertilizer and because the main constituent in many sorts of plaster, blackboard/sidewalk chalk, and drywall. A huge fine-grained white or lightly tinted sort of gypsum, called alabaster, has been used for sculpture by many cultures including Ancient Egypt, Mesopotamia, Ancient Rome, the Byzantine Empire, and therefore the Nottingham alabasters of Medieval England. Gypsum also crystallizes as translucent crystals of selenite. It forms as an evaporate mineral and as a hydration product of anhydrite.
The report " Global Gypsum Market, By Type (Natural Gypsum and FGD Gypsum), By Application (Agriculture, Construction, Medical, and Art), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030”
Key Highlights:
- National Gypsum Co., Charlotte, N.C., has launched a green Web site, www.ngc-green.com. Architects, product specifiers, customers and the general public can use the site to find information about how National Gypsum’s products, processes and plant network contribute to green-building practices.
Analyst View:
The growing housing industry and therefore the rising demand for single-family and multi-family house constructions within the country are anticipated to reinforce the merchandise demand over the forecast period. The increasing trend of creating aesthetic improvements within the building structures thanks to the product’s ability to supply innovative designs and textures on its surface is probably going to extend its penetration in high-end construction applications.
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Key Market Insights from the report:
The global gypsum market accounted for US$ 2.34 billion in 2020 and is estimated to be US$ 4.83 billion by 2030 and is anticipated to register a CAGR of 7.50%. The global gypsum market report segments the market on the basis of type, application, and region.
- By Type, the market is segmented into Natural Gypsum and FGD Gypsum.
- By Application, the market is segmented into Agriculture, Construction, Medical, and Art.
- By Region, the Global Gypsum Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape:
Some of the prominent players operating in the Global Gypsum Market include Saint Gobain S.A VANS Gypsum, Sherlock Industries, USG Boral, Lafarge S.A, Shreenath Gyptech and National Gypsum Company.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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