The global gypsum market, at a 4.10% CAGR, is expected to reach USD 4.404 billion by 2030, starting from USD 3.602 billion in 2025.
Gypsum is a translucent mineral sulphate with commercial uses in the fields of cement manufacture, agriculture, wallboard production, and others. Gypsum deposits are most commonly found in areas with dry air like caves and marine evaporites. The countries of Thailand, Russia, Spain, Turkey, and the US hold a prominent share of the global gypsum manufacturing market. The permeating usage of gypsum in various sectors of the economy is a driving factor leading to the expansion of the global gypsum market. Therefore, in the absence of competitive alternatives to the usage of gypsum, the global gypsum market is expected to expand at a steady pace.
The chemical composition of Gypsum is structured in such a way that it helps maintain a balance between micronutrients. In addition to this, Gypsum prevents the soil from eroding and helps stabilize the soil composition. Due to this nature, Gypsum has been extensively used as fertilizer and agricultural aid across the globe. This semi-solubility mineral has helped farmers to increase their yield and maintain the quality of the soil in their agricultural fields. Apart from this, Gypsum is an active player in the construction field since it is used in the manufacture of cement and Plaster Of Paris (POP). Without the adoption of Gypsum in the cement and POP-making process, cement and POP would condense immediately after mixing with water. Therefore, cement acts as a setting agent in both these items that serve as fundamentals of any construction. Gypsum is often used in the process of constructing ceilings as well. Furthermore, it is also used in the manufacture of wallboards and fiberboards which are used in construction processes. As it can be seen, the widespread use of gypsum in the agricultural and construction sectors can be seen as a huge factor contributing to the growth of the gypsum market.
Gypsum of the highest purity is considered edible for human consumption. Owing to this, gypsum is used as a preservative and additive in a lot of processed and packaged foods. Another property of gypsum that is beneficial to the food and beverage sector is its ability to stabilize the acidity of the food. As gypsum is odorless and colorless, its addition to food does not affect the taste and visual representation of the food. It is used as an ingredient in tofu manufacturing, toothpaste production, canned vegetables, blue cheese, and many other food items. In addition to this, gypsum also contains 29% of calcium, which is an important mineral for the human body. Therefore, the global use of gypsum in the human, plant, and animal world is the biggest market factor that is keeping the global gypsum market healthy and expanding.
Since gypsum is extracted from natural reserves, it could lead to the depletion of the reserves in the future. Therefore, it is necessary that the gypsum is extracted in a way that does not disturb the ecological balance of the environment. Apart from this, gypsum must also be extracted in a sustainable way keeping in mind the total capacity of the reserve and the amount that can be extracted from it for that particular year. Due to these reasons, it is impractical to exploit the gypsum reserve fully to the extent that it depletes the reserve completely. Therefore, even though there will be growth in the global gypsum market, it shall be a calculated and slow-paced expansion.
Utah, Southwest Texas, New York, and Baja are some prominent areas in North America that contain deposits. As per the data released by their respective governments, the total amount of gypsum produced by all the countries in North America amounts to 31.3 million tons, which contributes to approximately 21% of the global gypsum extraction from mines. For the last few years, the USA has taken over China as the leading gypsum extractor and has continued to remain in the lead since then. Hence, North America shall continue to hold its position as the lead over the forecasted period.
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