Gypsum Market Report 2026

The gypsum market size has grown rapidly in recent years. It will grow from $36.36 billion in 2025 to $42 billion in 2026 at a compound annual growth rate (CAGR) of 15.5%. The growth in the historic period can be attributed to expansion of construction and infrastructure projects, widespread use in cement production, agricultural soil conditioning practices, availability of natural gypsum reserves, established drywall manufacturing.

The gypsum market size is expected to see rapid growth in the next few years. It will grow to $71.17 billion in 2030 at a compound annual growth rate (CAGR) of 14.1%. The growth in the forecast period can be attributed to base growth in green construction materials, increasing use of gypsum-based prefabricated systems, expansion of infrastructure development, rising agricultural soil treatment demand, investments in efficient gypsum mining technologies. Major trends in the forecast period include increasing demand for construction-grade gypsum products, rising use of gypsum in sustainable building materials, expansion of gypsum recycling practices, growing adoption of mechanized gypsum mining, enhanced focus on product quality and consistency.

The rising cement production is expected to drive the growth of the gypsum mining market during the forecast period. Cement is a key building material that sets and hardens to bind building units together. Gypsum, the main mineral added to cement, acts as a retarding agent by regulating the setting time. Without gypsum, cement clinker can harden immediately upon mixing with water, releasing heat. For instance, in August 2025, data from India Brand Equity Foundation (IBEF), an India-based government-backed promotional body, reported that India’s total cement volumes reached approximately 453 million tonnes in fiscal year 2024-25, marking a 6.3% year-on-year increase from 426.29 million tonnes in FY24. Additionally, in March 2025 alone, cement production reached 46.5 million tonnes, a 12% increase compared with the same month the previous year. Therefore, the rise in cement production is fueling the growth of the gypsum mining market.

Major companies in the gypsum market are concentrating on launching innovative products, such as high-quality gypsum boards, to address the increasing demand for cost-effective and efficient building materials. High-quality gypsum boards are panels that meet rigorous standards for strength, durability, and fire resistance, commonly used in construction for interior walls and ceilings. For example, in December 2023, Saint-Gobain India Pvt Ltd, an India-based company, introduced an innovative range of building products, including Habito Standard, Rigiroc, Glasroc X, and Metlance. Habito Standard is a 13mm high-quality gypsum board with an enhanced load-bearing capacity of up to 15kg per point using a regular woodscrew, providing high impact resistance. It is specifically designed for heavy-duty applications in both commercial and residential spaces.

In November 2024, Fortress Investment Group, a USA-based global investment management company, acquired Gyptech for an undisclosed amount. Through this acquisition, Fortress aimed to support Gyptech’s global expansion by scaling its innovative gypsum wallboard and roofing equipment technologies, enhancing comprehensive client services, and advancing energy- and carbon-reduction solutions in gypsum manufacturing. Gyptech is a Canada-based engineering and manufacturing company specializing in the design, construction, and commissioning of gypsum wallboard and asphalt-shingle production lines, as well as engineered systems used across the global gypsum and construction materials industry.

Major companies operating in the gypsum market are FCI Aravali Gypsum and Minerals, Zawawi Minerals, Kunooz Oman Holding, Rajasthan State Mines and Minerals Limited, Baumineral GmbH, Knauf Gips KG, British Gypsum, ETEX Group, Harrison Gypsum, Little Salt Creek Gyp Mine, Twisselman Gypsum, Allied Custom Gypsum, National Gypsum, Diamond Gypsum LLC, Pioneer Gypsum Mining Inc, Anglo African Gypsum, Chem-Carb, Cerro Cazador SA, The H Lima Company Inc, Awam Group LLC, United Mining Industries Company Limited.

South America was the largest region in the gypsum market in 2025. The regions covered in the gypsum market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the gypsum market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The gypsum market includes revenues earned by entities by providing mining for boron compounds such as selenite, satin spar, and rock gypsum. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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