North America Synthetic Gypsum Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (FGD Gypsum, Flurogypsum, Phosphogypsum, Citrogypsum, and Others), Application (Drywall, Cement, Soil amendment, Dental, Water Treatment, and Others)

Drywall Segment to Dominate North America Synthetic Gypsum Market during 2020-2027

According to this research study titled “North America Synthetic Gypsum Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast - by Type, Application, and Country,” the market is expected to reach US$ 790.97 million by 2027 from US$ 603.05 million in 2020. The market is estimated to grow at a CAGR of 4.0% from 2020 to 2027. The report provides trends prevailing in the North America synthetic gypsum market along with the drivers and restraints pertaining to the market growth. Increasing demand from the construction industry and usage of synthetic gypsum in agriculture industry are the major factors driving the growth of the North America synthetic gypsum market. However, the shift in industrial preference from coal to natural gas may hinder the growth of North America synthetic gypsum market.

In case of COVID-19, North America, especially the US, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of synthetic gypsum manufacturing activities. Downfall in other chemical and materials manufacturing sector has subsequently impacted the demand for synthetic gypsum during the early months of 2020. Moreover, decline in the overall construction and agricultural materials manufacturing activities has led to the discontinuation of synthetic gypsum manufacturing projects, thereby reducing the demand for synthetic gypsum. Similar trend was witnessed in other North American countries such as Mexico, Canada, Panama, and Costa Rica. However, the countries are likely to overcome this drop in demand with the economic activities regaining their pace, especially in the beginning of 2021.

The market for North America synthetic gypsum is segmented into type, application and country. Based on type, the market is segmented into FGD gypsum, fluorogypsum, phosphogypsum, citrogypusm and others. In 2019, the FCD gypsum segment held the largest share in North America synthetic gypsum market. Based on application, the North America synthetic gypsum is bifurcated drywall, soil amendment, cement, dental, water treatment and others. The cement segment is expected to be the fastest growing segment over the forecast period. Furthermore, in this present scenario of COVID-19 pandemic, the North America synthetic gypsum market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the North American countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for synthetic gypsum.

Drax Group Plc, American Gypsum, USG Corporation, Larargeholcim Ltd., Knauf Gips KG and Steag GmbH are some of the leading companies in the North America synthetic gypsum market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

The report segments the North America Synthetic Gypsum market as follows:

North America Synthetic Gypsum Market - By Type - FGD Gypsum

• Fluorogypsum
• Phosphogypsum
• Citrogypusm
• Others

North America Synthetic Gypsum Market - By Application - Drywall

• Soil Amendment
• Cement
• Dental
• Water Treatment
• Others

North America Synthetic Gypsum Market - By Country - US

• Canada
• Mexico