The scope of our recent study “The global Synthetic Gypsum Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Type (FGD Gypsum, Flurogypsum, Phosphogypsum, Citrogypsum, and Others) and Application (Drywall, Cement, Soil Amendment, Dental, Water Treatment, and Others)” includes factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.
The synthetic gypsum market was valued at US$ 1,244.02 million in 2019 and is projected to reach US$ 1,693.72 million by 2027; it is expected to grow at a CAGR of 4.0% from 2020 to 2027. Synthetic gypsum is mostly created as by-product of industrial processing. The gypsum is composed of calcium sulfate dihydrate, and mostly possesses the same features and characteristics of natural gypsum, as well as it is a high quality and environment friendly product. The synthetic gypsum is mostly used in the construction and agricultural industries.
Synthetic gypsum is mostly created as by-product of industrial processing. The gypsum is composed of calcium sulfate dihydrate, and mostly posses the same features and characteristics of natural gypsum, as well as a high quality and environment friendly product. The synthetic gypsum is mostly used in the construction as well as the agricultural industries. The growth of the construction industry across the world, has led to an increase demand for decorative structures, drywall which has led to an increase in demand for synthetic gypsum. The use of synthetic gypsum as a filler in the cement production process has also led to the growth of synthetic gypsum market.
Synthetic Gypsum has been used increasingly in the agriculture industry since it has two essential nutrients which are calcium and sulfur. Synthetic gypsum in the agriculture industry is mainly used as a fertilizer in order to improve the yield of the crop as it helps in adding sulfur and calcium in the soil. It is also used for the purpose of soil amendment and as a fertilizer for alkaline soil treatment which improves the overall crop productivity. Synthetic gypsum becomes an important source of nutrition for the plants. FGD gypsum which is a type of synthetic gypsum, is applied to the soil in order to improve the yield as well as improve the quality of the agricultural products. FGD gypsum provides calcium and sulfur to the soil as well as essential micronutrients to the plants. Synthetic gypsum, mostly FGD gypsum can be used as a soil conditioner which will help in improving the physical and the chemical properties of the soil by providing better aggregation, minimizing subsoil acidity and aluminum toxicity, and also minimizing the loss of soil and soluble phosphorus from the agricultural fields. Synthetic gypsum also helps in improving acidic soils. Thus, due to all these applications, the usage of synthetic gypsum in the agricultural industry has increased.
The major players operating in the global Synthetic Gypsum market include Drax Group PLC, American Gypsum, USG Corporation, Larargeholcim, Travancore Titanium Products Limited, Knauf Gips KG, Transparent Tehcnologies Limited, BauMineral GMBH, Steag GMBH, Boral and among many others. The major players in the Synthetic Gypsum market are focused on strategies such as mergers and acquisitions and research and development to increase the geographical presence and consumer base globally.
Impact of COVID-19 Pandemic on Synthetic Gypsum Market
The COVID-19 pandemic has adversely affected economies and industries in various countries across the world due to lockdowns, travel bans, and business shutdowns. The chemical & materials industry is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East and Africa has restricted the global supply chain and disrupted the manufacturing activities, delivery schedules, and various goods sales. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition, the global travel bans imposed by countries in Europe, Asia, and North America are hindering the business collaborations and partnerships opportunities. All these factors are hampering the chemical & materials industry, and thus restraining the growth of various markets related to this industry. The market for synthetic gypsum is impacted by the pandemic due to shortfall in production along with limited transportation facilities.
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