The global demand for Synthetic Gypsum Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Synthetic gypsum is a human-made version of the soft sulfate mineral gypsum mainly recovered via flue-gas desulfurization at some coal-fired power plants. Synthetic gypsum can be interchangeably used with natural gypsum in several applications like fertilizer, as the main constituent in many forms of plaster, blackboard/sidewalk chalk, drywall, and for ornamental purposes. It can be used to create molds for dinnerware and dental impressions and in building roads and highways as well. This low cost, easy to use chemical, is found in many of our homes, food and hygiene products, cosmetics, and even for medicinal purposes.
Increased consumer spending on advanced materials in the ever-expanding construction sector will be the main driver for the synthetic gypsum market’s growth. The adoption of gypsum in various industrial sectors due to its safe and non-toxic properties will support this market’s growth. The growing demand across multiple segments, including glass making, water treatment, cement production, mining applications, highway construction, gypsum panel products, production of decorative items, and ornaments, will boost the market growth. This highly versatile chemical is employed as a fertilizer and soil conditioner in agriculture because of its effective material recycling and soil conservation properties. The main concern lingering around this market is the health hazards due to prolonged exposure to synthetic gypsum.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of synthetic gypsum.
The entire synthetic gypsum market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- FGD Gypsum
- Soil Amendment
- Water Treatment
This section covers regional segmentation which accentuates on current and future demand for synthetic gypsum market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Synthetic Gypsum Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the synthetic gypsum market include United States Gypsum (USG) Corporation, PABCO Gypsum, Lafarge Holcim Ltd., Delta Gypsum, LLC, Georgia-Pacific LLC, Synthetic Materials LLC, British Gypsum Limited, National Gypsum Company, American Gypsum Company, LLC, Constantia Building Products AG. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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