Middle East & Africa Small Caliber Ammunition Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Ammunition Size, End User, and Gun Type

Constantly Growing Demand from Construction Industry Drives Market Growth

According to our latest market study on “Europe Gypsum Market Forecast to 2028 - COVID-19 Impact and Analysis - by Type (Natural Gypsum and Synthetic Gypsum) and Application (Drywall, Cement, Agriculture, and Others),” the market was valued at US$ 464.74 million in 2020 and is projected to reach US$ 680.46 million by 2028; it is expected to grow at a CAGR of 5% from 2021 to 2028. The report highlights key factors driving the market growth and prominent players along with their developments in the market.

Gypsum is a mineral with molecular formula CaSO4.2H2O that can be found in layered sedimentary deposits alongside other minerals such as halite, anhydrite, sulphur, calcite, and dolomite. It can be obtained naturally by mining or through the process of flue gas desulphurization. It is commonly used for manufacturing plasterboards or drywalls; in cement as a retarding agent; in agriculture as a soil amendment additive and fertilizer; and in other sectors such as food & beverage, pharmaceuticals, glass manufacturing, and paper manufacturing.

Gypsum is used in the construction industry as a filler for cement and plasters to increase their strength while also reducing the concrete's setting time. FGD gypsum is a commonly used type of gypsum in the industry since it is a recyclable resource. Gypsum is also used to make decorative panels and plaster of Paris. The plaster of Paris is used to create decorative panels, constructions, and sculptures. The strong demand for these items has resulted in a boom in gypsum demand. European countries are creating and strengthening their infrastructure by enacting reforms and legislation, which drives the growth of the real estate and infrastructure industries. As a result, continued support for the expansion of the construction industry increases the demand for gypsum.

The key players operating in the Europe gypsum market are Baumineral GmbH, Lafargeholcim, Steag GmbH, Knauf Gips KG, Saint-Gobian S.A. Torralba Group, Atlas SP. Z.o.o. Baumit, ETEX Group, and Fixit Gruppe. These players provide wide range of gypsum-based products. They have their strong presence in developed and developing countries across Europe, which provides lucrative opportunity for the growth of the Europe gypsum market.

Impact of COVID-19 Pandemic on Europe Gypsum Market

As of June 2021, in Europe, the UK and Russia are amongst the worst-affected countries due to the COVID-19 outbreak. As these countries recorded the highest number of COVID-19 confirmed cases, the region is experiencing an economic damage due to a lack of revenue from numerous industries. The Europe gypsum market is restrained by the pandemic due to shortage of labor, underutilization of production capacity, restrictions on supply chain, slowdown of trade movement, and a decline in construction activities across the region. The construction sector is one of the prominent End-users for gypsum market. The COVID-19 pandemic has adversely affected the construction industry across the region owing to decreased spending of consumers for construction and renovation activities, which is eventually hindering the growth of gypsum market across the region. Moreover, the market was impacted during the first wave of the outbreak, particularly in terms of temporary layoffs of labor and reduced hours. Furthermore, many companies in the market are negatively impacted in terms of manufacturing processes, sales, shipping, and customer support services, which has adversely affected the market across Europe. However, the second wave had less impact on the market, as the industry had more time to respond to new security measures. Further, with the economic planning to revive the operations, the demand for gypsum is expected to rise across the world in the coming years. As a majority of the population got vaccinated in Europe, the impact of COVID-19 outbreak is expected to drop down in future. Additionally, encouraging policies and activities by the European Union to promote green buildings and the UK government’s Ten Point Plan for Green Industrial Revolution plan would boost the growth of the construction sector across the region in coming years, which would drive the growth of Europe gypsum market during the forecast period.

Europe Gypsum Market Breakdown - by Region, 2020.

The report segments the Europe gypsum market as follows:

Europe Gypsum Market, by Type

• Natural Gypsum
• Synthetic Gypsum

Europe Gypsum Market, by Application

• Drywall
• Cement
• Agriculture
• Others

Europe Gypsum Market, by Country

• Lithuania
• Latvia
• Poland
• Hungary
• Estonia
• Romania
• Rest of Europe

Reasons to buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA small caliber ammunition 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 MEA small caliber ammunition 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 MEA market trends and outlook coupled with the factors driving the small caliber ammunition 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