Gypsum Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

The global gypsum market size reached around USD 2.84 Billion in 2024. The market is projected to grow at a CAGR of 4.20% between 2025 and 2034 to reach nearly USD 4.29 Billion by 2034.

Global Gypsum Market Growth

In 2021, the number of injuries sustained by teenagers rose year-on-year by 58% in the United States. Sprains and fractures were ranked as the most common type of sports injuries, with boys accounting for over 71% of all victims regardless of age. Dynamic movement, insufficient protection, falls, and overuse were some of the main factors responsible for sports-related injuries, with basketball and football recording the highest rate of accidental injuries. This is expected to increase the gypsum market revenue, as gypsum is extensively used in formulating Plaster of Paris, which is used to form casts for healing broken bones.

As per the Resource Recycling Systems, around 33% of the volume of CDM (construction and demolition materials) reaching the landfills of Summit County in Colorado can be effectively used for different applications after getting recycled. This includes gypsum wallboard, which was observed as one of the top 11 waste materials. This has prompted the county authorities to shift towards increasing the rate of CDM recycling/reusing to 25% by 2028 and 50% by 2035.

Key Trends and Developments

Growing construction activities in Saudi Arabia; growth of the agricultural industry; rising incidence of sports injuries; and increasing production of cement are the major factors favouring the gypsum market growth

November 2024

Knauf France’s gypsum wallboard production plant, which was inaugurated in early 2024, is expected to annually import 300,000 tons of gypsum per year from Spain as raw material.

November 2024

CertainTeed Canada, a subsidiary of Saint-Gobain, announced its decision to launch a new line of 60% reduced-CO2 gypsum wallboard. This is creating a favourable gypsum market outlook.

October 2024

Knauf Egypt is expected to invest USD 86 million in the construction of a new gypsum production plant, which can increase its gypsum wallboard production capacity 60Mm2/yr.

October 2024

Trevo Drywall is planning to commission a new gypsum wallboard plant in Juazeiro do Norte, Brazil, with an investment of USD 25 million.

Growing construction activities in Saudi Arabia

In Q2 of FY2024-25, Saudi Arabia’s Construction Activity Index reached +64, making it a dominant national industry in the Middle East and Africa. This broad sector encompasses residential, industrial, commercial, infrastructure, and numerous others, which is fuelling the market growth.

Growth of the agricultural industry

Gypsum is extensively used as a soil conditioner since it promotes better air circulation and drainage, which facilitates nutrient absorption and root development. It also improves soil structure, which promotes plant growth. This is expected to favourably impact the gypsum market dynamics over the forecast period.

Rising incidence of sports injuries

In 2021, around 3.2 million individuals visited ERs for injuries sustained during exercising, cycling, or playing basketball. Since fractures are one of the most common types of sports injuries, the usage of Plaster of Paris in healthcare facilities is expected to remain steady, thereby leading to the market growth.

Increasing production of cement

By 2030, the demand for cement is expected to increase by 20% in North America, thereby necessitating the application of gypsum to control the hardening rate of cement.

Global Gypsum Market Trends

The robust growth of Saudi Arabia’s construction sector was driven by an extensive project pipeline, amounting to nearly USD 1.5 trillion. This represents nearly 39 per cent share of the Middle East and Africa’s construction industry worth USD 3.9 trillion. As per the market analysis, countries such as the UAE and Mauritius recorded a CAI of +54 and +57. This is expected to fuel the gypsum market expansion over the forecast period. Gypsum is extensively used for making drywall, which provides a smooth finish for ceilings and walls. It is also critical for cement production, which is driving the market growth.

Global Gypsum Industry Segmentation

The report titled “Global Gypsum Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type:

• Impression Plaster
• Model Plaster
• Dental Stone
• Dental Stone High Strength
• Dental Stone High Expansion

Market Breakup by Product Type:

• Natural
• Synthetic

Market Breakup by Setting Type:

• Hygroscopic Setting Expansion
• Normal Setting Expansion

Market Breakup by Application:

• Pre-Engineered Metal Buildings
• Residential
• Industrial
• Commercial
• Institutional

Market Breakup by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Global Gypsum Market Share

Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2024-32, the Asia Pacific is expected to grow at a CAGR of 4.8% due to the robust growth of the construction industry and the rising government focus on sustaining agricultural productivity. As per the gypsum market analysis, the demand for gypsum in India is expected to increase by 5.6%, due to the growing application of gypsum in pre-engineered metal buildings.

Leading Companies in the Global Gypsum Market

Major players are increasing gypsum wallboard production to cater to the growing demands from the construction sector, thereby driving the gypsum market revenue.

Etex Group

Etex Group was founded in 1905 and is headquartered in Zaventem, Belgium. It is a family-owned building material manufacturing company that is present across 45 countries.

USG Corporation

USG Corporation was founded in 1902 and is headquartered in Illinois, United States. It specialises in the production of building materials like gypsum, structural panels, and drywall, among others.

VANS Gypsum

VANS Gypsum was founded in 2010 and is headquartered in Chennai, India. It specialises in producing ceiling boards and wall plaster. It is a subsidiary of GSP Manufacturing, a UK-based company with a market presence in over 30 countries worldwide.

JONOUB Gypsum Cooperative

JONOUB Gypsum Cooperative was founded in 1982 and is headquartered in Iran. It is engaged in supplying high-quality Plaster of Paris at competitive prices and services.

Other players included in the gypsum market report are Knauf Digital GmbH, Saint-Gobain Group, YOSHINO GYPSUM CO., LTD., Zawawi Group, GYPSEMNA CO LLC., and Shree Cement Ltd., among others.