Gypsum Market Size
Gypsum Market Analysis
The Gypsum Market size is estimated at 338.15 Million tons in 2025, and is expected to reach 441.95 Million tons by 2030, at a CAGR of 5.5% during the forecast period (2025-2030).
The gypsum market was significantly impacted by COVID-19. Lockdowns and restrictions led to delays in gypsum production and transportation, affecting availability. However, as economies reopened, demand for gypsum boards and cement additives surged.
- The increasing demand for gypsum from residential construction and a rise in renovation and remodeling activities across residential and commercial industries can drive significant market growth.
- However, the competition from alternative materials and environmental regulations can hinder the gypsum market growth.
- The development of recycling technology presents a significant opportunity for the growth of the gypsum market.
- The Asia-Pacific region is projected to experience the highest growth during the forecast period, supported by rising demand from end-user industries.
Gypsum Market Trends
Cement Additive Segment to Dominate the Market
- The cement additive segment plays a dominant role in the gypsum market due to its widespread use in construction and infrastructure projects.
- Cement additives improve strength, durability, and workability, making gypsum essential in high-performance concrete applications.
- Governments worldwide are investing in large-scale infrastructure projects, boosting demand for cement additives.
- The gypsum market benefits from increased cement production for roads, bridges, and commercial buildings.
- For instance, in India, the Smart Cities Mission continues to expand, with eight new smart cities being developed under the New Cities Scheme. This initiative aims to address urbanization pressures and enhance urban infrastructure.
- Similarly, in China, the government’s 14th Five-Year Plan focuses on sustainable urbanization and digital infrastructure, driving the development of smart cities and improving urban housing.
- In developed markets such as the United States, construction spending has shown consistent growth.
- According to data published by the US Census Bureau in February 2025, private construction spending in the United States reached USD 1,662 billion in 2024.
- Furthermore, non-residential construction spending increased to USD 746.4 billion in 2024, up from USD 699 billion in 2023.
- In conclusion, the gypsum market is poised for sustained growth, driven by its indispensable role in construction materials, rapid urbanization in emerging economies, and supportive government initiatives worldwide. The increasing construction spending in developed markets further underscores the robust demand for gypsum in the forecast period.
Asia-Pacific to Dominate the Market
- The Asia-Pacific region is poised to dominate the gypsum market in 2024, driven by rapid urbanization, large-scale infrastructure projects, and supportive government policies. This analysis explores the key factors contributing to the market's growth in the region.
- Urbanization in countries such as China, India, and Indonesia is significantly boosting the demand for construction materials, including gypsum, for residential and commercial projects.
- This trend is further supported by large-scale infrastructure initiatives like smart cities and housing schemes, which rely heavily on gypsum-based products.
- China, a major contributor to the region's gypsum market, launched over 60,000 urban renewal projects in 2024, with a total investment of approximately USD 404.4 billion.
- These projects aim to renovate old neighborhoods, upgrade urban infrastructure, and develop smart residential areas, thereby driving the demand for gypsum.
- In India, the Pradhan Mantri Awas Yojana (PMAY) continues to expand, targeting the construction of two crore additional houses by 2029. This initiative, as reported by the India Brand Equity Foundation, focuses on providing affordable housing for both urban and rural populations, further fueling the gypsum market.
- Additionally, the Delhi Development Authority (DDA) has introduced several housing schemes for 2024 and 2025, offering affordable housing options and special discounts for specific income groups.
- Moreover, policies promoting sustainable construction and affordable housing across the region are playing a pivotal role in boosting the gypsum market. These measures align with the growing emphasis on environmentally friendly and cost-effective building practices.
- In conclusion, the Asia-Pacific gypsum market is experiencing robust growth, driven by urbanization, infrastructure development, and supportive government initiatives. With ongoing projects and policies in place, the region is expected to maintain its dominance in the global gypsum market during the forecast period.
Gypsum Industry Overview
The Gypsum Market is fragmented, with various players dominating the market. Some of the major companies (not in particular order) include Beijing New Building Materials (BNBM), Etex Group, Knauf Digital GmbH, National Gypsum Services Company, and Saint-Gobain, among others.
Gypsum Market Leaders
-
Saint-Gobain
-
Beijing New Building Materials (BNBM)
-
Etex Group
-
Knauf Digital GmbH
-
National Gypsum Services Company
- *Disclaimer: Major Players sorted in no particular order
Gypsum Market News
- April 2024: Saint-Gobain is the first in India to produce low carbon plasters, cutting global warming impact by 40%. Gypsum plaster offers superior finishing and is an effective alternative to cement plaster.
- December 2023: Saint-Gobain Gyproc unveiled a fresh lineup of gypsum wallboards: Habito Standard for heavy-duty applications, Glasroc X tailored for outdoor use, and Rigiroc, a versatile moisture-resistant board.
Gypsum Industry Segmentation
Gypsum is a naturally occurring mineral composed of calcium sulfate dihydrate (CaSO₄·2H₂O). It is typically soft, white, or grayish and can be easily scratched with a fingernail. Gypsum forms through the evaporation of seawater and is often found in sedimentary rock formations.
The Gypsum market is segmented by product type (natural gypsum and synthetic gypsum), application (gypsum board, cement additive, Plaster of Paris, fertilizer, filler (paper and textiles), and others), and geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report also covers the market size and forecasts for the gypsum market in 27 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (tons).
Type | Natural Gypsum | ||
Synthetic Gypsum | |||
Application | Gypsum Board | ||
Cement Additive | |||
Plaster of Paris | |||
Fertilizer | |||
Filler (Paper and Textiles) | |||
Others | |||
Geography | Asia-Pacific | China | |
India | |||
Japan | |||
South Korea | |||
Thailand | |||
Malaysia | |||
Indonesia | |||
Vietnam | |||
Rest of Asia-Pacific | |||
North America | United States | ||
Canada | |||
Mexico | |||
Europe | Germany | ||
United Kingdom | |||
France | |||
Italy | |||
Spain | |||
Russia | |||
Nordic Countries | |||
Turkey | |||
Rest of Europe | |||
South America | Brazil | ||
Argentina | |||
Colombia | |||
Rest of South America | |||
Middle-East and Africa | Saudi Arabia | ||
South Africa | |||
Nigeria | |||
Qatar | |||
Egypt | |||
United Arab Emirates | |||
Rest of Middle-East and Africa |
Natural Gypsum |
Synthetic Gypsum |
Gypsum Board |
Cement Additive |
Plaster of Paris |
Fertilizer |
Filler (Paper and Textiles) |
Others |
Asia-Pacific | China |
India | |
Japan | |
South Korea | |
Thailand | |
Malaysia | |
Indonesia | |
Vietnam | |
Rest of Asia-Pacific | |
North America | United States |
Canada | |
Mexico | |
Europe | Germany |
United Kingdom | |
France | |
Italy | |
Spain | |
Russia | |
Nordic Countries | |
Turkey | |
Rest of Europe | |
South America | Brazil |
Argentina | |
Colombia | |
Rest of South America | |
Middle-East and Africa | Saudi Arabia |
South Africa | |
Nigeria | |
Qatar | |
Egypt | |
United Arab Emirates | |
Rest of Middle-East and Africa |
Gypsum Market Research FAQs
How big is the Gypsum Market?
The Gypsum Market size is expected to reach 338.15 million tons in 2025 and grow at a CAGR of 5.5% to reach 441.95 million tons by 2030.
What is the current Gypsum Market size?
In 2025, the Gypsum Market size is expected to reach 338.15 million tons.
Who are the key players in Gypsum Market?
Saint-Gobain, Beijing New Building Materials (BNBM), Etex Group, Knauf Digital GmbH and National Gypsum Services Company are the major companies operating in the Gypsum Market.
Which is the fastest growing region in Gypsum Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Gypsum Market?
In 2025, the Asia Pacific accounts for the largest market share in Gypsum Market.
What years does this Gypsum Market cover, and what was the market size in 2024?
In 2024, the Gypsum Market size was estimated at 319.55 million tons. The report covers the Gypsum Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Gypsum Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Page last updated on: May 2, 2025
Gypsum Industry Report
Statistics for the 2025 Gypsum market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Gypsum analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.