Gypsum is a mineral comprised of calcium sulfate and water. It is found naturally in masses, often in layered deposits called selenite. Its most common use is as a fertilizer to help plants grow, as it provides calcium and sulfur – two of the key components in plant nutrition.
Gypsum is also used extensively for construction purposes, particularly as drywall and plaster. When heated, Gypsum’s water content evaporates, making the white sand-like material easier to shape. This makes it a popular construction material as it provides good shape retention and insulating properties.
At a global level, Gypsum is one of the most widely mined materials, with around 135 countries extracting around 150 million tons of it per year. China and the US are the top two producers, with the US being the largest importer.
The global Gypsum market was valued at US$ 16320 million in 2022 and is anticipated to reach US$ 22290 million by 2029, witnessing a CAGR of 4.5% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Gypsum Market available at: https://www.themarketreports.com/report/global-gypsum-market-research-report
This report aims to provide a comprehensive presentation of the global market for Gypsum, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Gypsum.
The industry’s main competitors are Knauf, Saint-Gobain and National Gypsum, their income accounted for 23.32%, 21.46% and 9.24% in 2019. By region, North America has the highest share of income, at more than 35 percent.
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