The global synthetic gypsum market was valued at US$ 1,244.02 million in 2019 and is projected to reach US$ 1,693.72 million by 2027; it is expected to grow at a CAGR of 4.0% from 2020 to 2027.

Synthetic gypsum is mostly used in the construction and the agricultural industries. The growth of the construction industry across the world has increased the demand for decorative structures and drywall which has propelled the demand for synthetic gypsum. Furthermore, the use of synthetic gypsum as a filler in the cement production process bolsters the growth of synthetic gypsum market.

Based on application, the synthetic gypsum market is segmented into drywall, cement, soil amendment, dental, water treatment, and others. Drywall is one of the most common form of finish wall sheathing. The drywall is basically made of gypsum plaster, which has been stuck between two thick layers of paper and provides a smooth finish to the wall. Synthetic gypsum is used by the manufacturing companies to save the cost. They also use the synthetic gypsum because of the environmental benefits of the by-product. The different types of synthetic gypsum that are suitable for the manufacturing of the drywall are flue gas desulfurization gypsum, citrogypsum, flurorgypsum, and titanogypsum.

Geographically, the synthetic gypsum market is segmented into North America, Europe, Asia Pacific (APAC), South America (SAM), and Middle East & Africa (MEA). In 2019, North America held the largest share of the market. The regional economies in North America such as the US and Canada have experienced massive growth in infrastructural development, which has propelled the demand for synthetic gypsum in the region. Additionally, the high per capita income of people in the region is driving widespread infrastructural constructions and upgrades in North America. The growth of the construction, and paints and coatings industry in the region is mainly observed in the residential and commercial sectors. The synthetic gypsum in the construction industry is used mostly to manufacture drywall, cement, and plaster of paris. Plaster of paris is used for making structures, sculptures, and decorative panels in the construction industries. Thus, due to these reasons there has been a growth in synthetic gypsum market in North America.

The COVID-19 outbreak is adversely affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global chemicals & materials industry is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. For instance, China is the global manufacturing hub and largest raw material supplier for various industries, and it is also one of the worst affected countries. The lockdown of various plants and factories in China is restricting the global supply chains and disrupting the manufacturing activities, delivery schedules, and various chemicals & materials sales. Various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition, the global travel bans imposed by countries in Europe, Asia, and North America are hindering the business collaborations and partnerships opportunities. All these factors are hampering the chemicals & materials industry, and thus act as restraining factors for the growth of various markets related to this industry.

Drax Group PLC, American Gypsum, USG Corporation, Larargeholcim, Travancore Titanium Products Limited, Knauf Gips KG, Transparent Tehcnologies Limited, BauMineral GMBH, Steag GMBH, and Boral are among the major players operating in the global synthetic gypsum market.

The overall global synthetic gypsum market size has been derived in accordance with to both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the global synthetic gypsum market.