Global Gypsum Market Outlook (2025–2035)

Market Overview

The global gypsum market was valued at approximately USD XXX billion in 2024 and is projected to grow at a CAGR of more than 5.0 percent during 2025–2035. Gypsum, a soft sulfate mineral composed of calcium sulfate dihydrate (CaSO₄·2H₂O), is widely mined and used as a fertilizer and as a key component in plaster, blackboards, and drywall.

Applications include gypsum boards for wall finishes, gypsum blocks in concrete, plasters for casting molds, and soil conditioners in agriculture. Rising construction activity worldwide is a major driver, as gypsum provides excellent insulation and fire protection. Additionally, increasing demand for food production has encouraged farmers to adopt soil conditioning technologies, with gypsum improving water drainage and crop yields.

However, the availability of affordable substitutes poses a challenge to market growth over the forecast period.

Market Drivers

• Expanding construction sector globally, particularly in housing and infrastructure projects
• Rising demand for gypsum boards and drywall due to insulation and fire resistance properties
• Government-backed housing initiatives (e.g., India’s PMAY program sanctioning XXX million houses by May 2024)
• Agricultural demand for soil conditioning and yield improvement
• Growth in real estate investments and REIT listings supporting construction activity

Market Challenges

• Availability of cost-effective substitutes for gypsum in construction and agriculture
• Price fluctuations in raw materials and mining costs
• Environmental concerns related to mining activities

Trend Analysis

• Increasing adoption of gypsum boards in modern construction for sustainability and efficiency
• Rising demand for synthetic gypsum as a byproduct of industrial processes, reducing reliance on natural reserves
• Government housing and infrastructure programs driving demand in emerging economies
• Agricultural applications gaining traction due to soil quality improvement benefits

Segmentation Analysis

By Product Type

• Natural Gypsum
• Synthetic Gypsum

By Application

• Cement
• Drywalls
• Plaster
• Soil Amendment Products
• Others

By Region

• North America: U.S., Canada
• Europe: UK, Germany, France, Spain, Italy, Rest of Europe
• Asia-Pacific: China, India, Japan, Australia, South Korea, Rest of APAC
• Latin America: Brazil, Mexico, Rest of Latin America
• Rest of the World

Regional Insights

• Asia-Pacific: Largest market share and fastest growth, driven by construction sector expansion and fertilizer demand.
• North America: Steady demand supported by established construction and agricultural industries.
• Europe: Moderate growth with emphasis on sustainable building materials.
• Latin America: Emerging opportunities in housing and agriculture.

Competitive Landscape

Leading players are focusing on product innovation, expansion, and strategic partnerships to strengthen market presence:

• Knauf Gips KG
• Saint-Gobain
• Boral Limited
• National Gypsum Company
• Lafarge
• Yoshino Gypsum Co., Ltd.
• Beijing New Building Materials PLC
• Mada Gypsum
• National Gypsum
• Jonoub Gypsum

Porter’s Five Forces Analysis

1. Threat of New Entrants: Moderate; mining and processing require capital investment but demand is strong.
2. Bargaining Power of Suppliers: Moderate; limited sources of high-quality gypsum increase supplier influence.
3. Bargaining Power of Buyers: High; construction companies and farmers seek cost-effective alternatives.
4. Threat of Substitutes: High; alternative materials in construction and fertilizers challenge gypsum demand.
5. Industry Rivalry: High; competition among global and regional players is intense.

SWOT Analysis

Strengths

• Versatile applications across construction and agriculture
• Strong demand from housing and infrastructure projects
• Fire resistance and insulation properties

Weaknesses

• Vulnerability to substitutes
• Environmental concerns from mining activities

Opportunities

• Growth in synthetic gypsum production
• Rising demand in emerging economies
• Expansion in agricultural applications

Threats

• Price volatility and supply chain risks
• Regulatory restrictions on mining
• Competition from alternative building materials

Value Chain Analysis

Upstream

• Mining of natural gypsum
• Production of synthetic gypsum from industrial byproducts

Midstream

• Processing into boards, blocks, plasters, and fertilizers
• Distribution through construction and agricultural supply chains

Downstream

• End-users: construction companies, real estate developers, farmers
• Applications in housing, infrastructure, and agriculture

Support Activities

• R&D for sustainable gypsum products
• Government housing and infrastructure initiatives
• Marketing and distribution networks

Target Audience

• Consulting companies and advisors
• Enterprises (large, medium, small)
• Venture capitalists and investors
• Value-added resellers
• Knowledge providers
• Investment bankers