Drywall Segment to Dominate Asia Pacific Synthetic Gypsum Market during 2020-2027.
According to a new market research study on “Asia Pacific Synthetic Gypsum Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast - by Type, Application, and Country,” is expected to reach US$ 308.26 million by 2027 from US$ 222.91 million in 2020. The market is estimated to grow at a CAGR of 4.7% from 2020 to 2027. The report provides trends prevailing in the Asia Pacific synthetic gypsum market along with the drivers and restraints pertaining to the market growth. Rising demand from the construction industry and increasing usage in the agriculture industry are the major factors driving the growth of the Asia Pacific synthetic gypsum market. However, the change in preferences from coal to natural gas may hinder the growth of Asia Pacific synthetic gypsum market.
In case of COVID-19, in Asia Pacific, especially India, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of synthetic gypsum manufacturing activities. 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 discontinuation of synthetic gypsum manufacturing projects, thereby reducing the demand for synthetic gypsum. Similar trend was witnessed in other Asia Pacific countries, i.e. Japan, China and Australia. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
The market for Asia Pacific 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 Asia Pacific synthetic gypsum market. Based on application, the Asia Pacific 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 Asia Pacific synthetic gypsum market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Asia Pacific countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for synthetic gypsum.
Drax Group PLC, USG Corporation, Larargeholcim Ltd. Travancore Titanium Products Limited, Knauf Gips KG, Transparent Tehcnologies Limited, Steag GmbH, and Boral are some of the leading companies in the Asia Pacific 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.
According to a new market research study on “Asia Pacific Synthetic Gypsum Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast - by Type, Application, and Country,” is expected to reach US$ 308.26 million by 2027 from US$ 222.91 million in 2020. The market is estimated to grow at a CAGR of 4.7% from 2020 to 2027. The report provides trends prevailing in the Asia Pacific synthetic gypsum market along with the drivers and restraints pertaining to the market growth. Rising demand from the construction industry and increasing usage in the agriculture industry are the major factors driving the growth of the Asia Pacific synthetic gypsum market. However, the change in preferences from coal to natural gas may hinder the growth of Asia Pacific synthetic gypsum market.
In case of COVID-19, in Asia Pacific, especially India, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of synthetic gypsum manufacturing activities. 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 discontinuation of synthetic gypsum manufacturing projects, thereby reducing the demand for synthetic gypsum. Similar trend was witnessed in other Asia Pacific countries, i.e. Japan, China and Australia. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
The market for Asia Pacific 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 Asia Pacific synthetic gypsum market. Based on application, the Asia Pacific 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 Asia Pacific synthetic gypsum market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Asia Pacific countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for synthetic gypsum.
Drax Group PLC, USG Corporation, Larargeholcim Ltd. Travancore Titanium Products Limited, Knauf Gips KG, Transparent Tehcnologies Limited, Steag GmbH, and Boral are some of the leading companies in the Asia Pacific 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 Asia Pacific Synthetic Gypsum market as follows:
Asia Pacific Synthetic Gypsum Market - By Type
- FGD Gypsum
- Fluorogypsum
- Phosphogypsum
- Citrogypusm
- Others
Asia Pacific Synthetic Gypsum Market - By Application
- Drywall
- Soil Amendment
- Cement
- Dental
- Water Treatment
- Others
Asia Pacific Synthetic Gypsum Market - By Country
- China
- India
- Indonesia
- Thailand
- Vietnam
- Rest of Asia
Reasons to buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific synthetic gypsum market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific synthetic gypsum market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific synthetic gypsum market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction
3. Research Methodology
4. Asia Pacific Synthetic gypsum Market Landscape
5. Asia Pacific Synthetic Gypsum Market - Key Market Dynamics
6. Synthetic Gypsum - Asia Pacific Market Analysis
7. Asia Pacific Synthetic Gypsum Market Analysis - By Type
8. Asia Pacific Synthetic Gypsum Market Analysis - By Applications
9. Asia Pacific Synthetic gypsum Market - Country Analysis
10. Overview - Impact of COVID-19 on Asia Pacific Synthetic Gypsum Market
11. Company Profiles
12. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Drax Group Plc
- USG Corporation
- Larargeholcim Ltd.
- Knauf Gips KG
- Steag GmbH
- Boral
- Travancore Titanium Products Limited
- Transparent Technologies Limited
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 102 |
Published | June 2021 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 222.91 Million |
Forecasted Market Value ( USD | $ 308.26 Million |
Compound Annual Growth Rate | 4.7% |
Regions Covered | Asia Pacific |