Global Synthetic Gypsum Market was valued US$ 1.51 Bn in 2019 and is expected to reach US$ 2.22 Bn by 2027, at a CAGR of 4.93 % during a forecast period.
Synthetic gypsum is a sulphate material, which are prepared by the scrubbing or flue gas desulfurization procedures in a coal-fired power plant. Synthetic gypsum is serene of calcium sulphate dehydrate and holds the same properties as those of natural gypsum and it can be used as a substitute of natural gypsum in numerous applications
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Government rules, which include the Clean Air Act have been announced to reduce the pollution caused by coal plants is expected to drive the market in the near future. Rapid urbanization, large-scale investments in the building & construction sector, increasing number of construction activities in emerging economies, and growing demand from the construction sector are expected to drive the global synthetic gypsum market.
Synthetic gypsum is eco-friendly product as compared to natural gypsum and available at low is expected to boost the growth of the synthetic gypsum market during the forecast period. Rising demand for green building structures is expected to boom the synthetic gypsum market. Furthermore, presence of substitutes of synthetic gypsum in the form of natural gypsum is limiting the growth of the synthetic gypsum market over the forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments by material, type, end-user and region and, project the global synthetic gypsum market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global synthetic gypsum market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
FGD gypsum is expected to share significant growth in the global synthetic gypsum market. The growth in the market is attributed to the increasing its usage in the agriculture sector as a fertilizer to improve crop. It is mainly added as sulphur or calcium fertilizer in the soil. In construction sector it is also used as filler material in cement plasters to enhance strengthening and reduce the setting time of the concrete. It is also helpful for creation of decorative panels and Pop structures. FGD gypsum is a flexible mineral, which is employed as a fertilizer in agriculture.
The Asia Pacific region is expected to dominate the growth in the global synthetic gypsum products. The dominance position in the market is attributed to the increasing number of infrastructural activities and large population in developing economies such as China and India. The rapid urbanization in these countries demands quicker and cheaper construction of buildings and facilities with the standard quality. Additionally, the growing number of government investments in infrastructural constructions offer the potential for growth of the synthetic gypsum market in this region.
The Scope of the Report for Global Synthetic Gypsum Market
Global Synthetic Gypsum Market, By Type
• FGD gypsum
Global Synthetic Gypsum Market, By Application
• Soil amendment
• Water treatment
Global Synthetic Gypsum Market, By Geography
• North America
• Asia Pacific
• Middle East & Africa
• South America
• USG Corporation
• Lafarge Holcim
• FEECO international
• Delta Gypsum
• National Gypsum
• Synthetic Materials LLC
• Constantia Building Products
• KNAUF GIPS
• American Gypsum
• British Gypsum
• PABCO Building Products, LLC
• Saint-Gobain Construction Products
• Georgia-Pacific Gypsum LLC
• Gyptec IBERICA
Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Vikas Godage
Organization: Maximize Market Research Pvt.Ltd.Pune
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