Dublin, Jan. 30, 2024 (GLOBE NEWSWIRE) -- The "Synthetic Gypsum Global Market Report 2024" has been added to ResearchAndMarkets.com's offering.
The report provides a comprehensive analysis of the synthetic gypsum market, underscoring critical insights into its burgeoning growth amidst the global push for sustainable construction practices. The in-depth report examines the diverse applications of synthetic gypsum, developments in FGD technology, and the significant expansion within the construction industry that collectively propel the market forward.
Synthetically derived from industrial byproducts, synthetic gypsum serves as an eco-friendly alternative for numerous sectors, demonstrating a measurable impact within the realms of agriculture, construction, and environmental management. The analysis segments the market into categories such as Citrogypsum, Fluorogypsum, Phosphogypsum, and Titanogypsum, outlining their distinct manufacturing processes and industrial applications.
Market Dynamics and Growth Opportunities
In describing the robust growth trajectory of the market, the research emphasizes the pivotal role of industrial advancements and regulatory frameworks fostering sustainable practices. Synthetic gypsum's market value, having recorded a compound annual growth rate (CAGR) of 6.6% from 2023 to 2024, is projected to persist in its uptrend, reaching impressive valuation milestones by 2028.
Under the spotlight is Asia-Pacific's swift ascension as the fastest-growing region, a relevant focus for stakeholders eyeing geographic expansion. North America's predominant market share in 2023 also receives focal attention, emphasizing regional growth drivers and market leadership.
Construction Industry as a Catalyst for Demand
Addressing the synthetic gypsum market's demand drivers, the report highlights the construction industry as a substantial contributor. With extensive infrastructural developments and heightened emphasis on green building materials, synthetic gypsum's role across various construction applications—from mortars to wall putties—is key to its market penetration and advancement.
The Emergence of Advanced Gypsum Materials
Innovation remains a vital theme within the market. The release explores how leading companies are pioneering advanced gypsum materials to bolster market position and address evolving demands. Notable product launches, such as the moisture-resistant and air quality-enhancing PURPLE drywall, exemplify the industry's commitment to performance and sustainability.
- Significance of Flue-Gas Desulfurization (FGD) Technology
- Strategic Acquisitions reshaping the Competitive Landscape
- Detailed Regional Analysis including Fast-Growing Asian Markets
- Forward-Looking Trends: Green Construction and Agricultural Amendments
By providing a profound examination of market statistics, strategic industry movements, competitive analysis, and detailed segmentation, the synthetic gypsum market report elucidates paths for companies and investors to navigate the future market landscape optimally.
As the demand for synthetic gypsum aligns with the increasing inclination towards eco-friendly construction materials and energy-efficient agricultural practices, the comprehensive analysis stands as an essential resource for industry players aiming to capitalize on emerging trends and expansion opportunities.
Companies Profiled:
- American Gypsum
- Boral Limited
- British Gypsum Limited
- Continental Building Products Inc.
- Delta Gypsum LLC
- Fertilizer Engineering & Equipment Company
- Georgia-Pacific Gypsum LLC
- Gessos Técnicos S.A.
- Knauf Gips KG
- Lafarge Holcim Ltd.
- National Gypsum Company
- PABCO Building Products LLC
- Synthetic Materials LLC
- USG Corporation
- Constantia Building Products AG
- BauMineral GmbH
- Compagnie de Saint-Gobain SA
- Drax Group plc
- Compagnie de Saint-Gobain S.A.
- Steag GmbH
- Transparent Technologies Limited
- Travancore Titanium Products Limited
- Synthetic Material LLC
- Central Plains Cement Company
- Eagle Materials Inc.
- Etex NV
- Electric Power Research Institute Inc.
- Gypsum Management and Supply Inc.
- Yoshino Gypsum Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/578xrx
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