Gypsum Market to Record a steady CAGR of 5% during the forecast period, 2020-2030; COVID-19 to Curtail Growth Due to Transport Disruption: Future Market Insights

DUBAI, UAE, Sept. 15, 2020 /PRNewswire/ -- Future Market Insights (FMI) in its latest market study states that the global gypsum market is projected to record a CAGR of 5% over the anticipated period, 2020-2030.

The gypsum demand is projected to rise in response to the development of the construction sector. Higher potential markets in particular will reflect increasing spending for infrastructural growth. This would generate lucrative growth prospects for the market. The market will gain, mainly, from the high willingness amid consumers to expend on interior décor. Their interest to renovate their interior décor as per ongoing trend or every season has been touted as one of the main market drivers.

The global gypsum market will be impacted by the COVID-19 pandemic due to disruptions in material supply and transport. Nonetheless, the market will steadily regain pace particularly as governments have been entering into their unlock stage. 

"Majority of infrastructural investment occurring in high potential markets is anticipated generate lucrative opportunities for gypsum sales," states FMI analyst.

For more insights into the Market, Request a Sample of this Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-12417

Gypsum Market - Major Takeaways

• The global gypsum market is projected to touch US$ 3.6 Billion towards the end of 2020.
• In terms of product type, synthetic gypsum accounts for the major share in terms of value As a result of the rising application in drywall manufacturing.
• Moreover, natural gypsum is found majorly suitable in the manufacturing of various construction material due to low cost and ease of production.
• Based on the application, demand from drywall and cement segments is projected to stay significantly high due to the development of foreseen in the construction sector across geographies.

Gypsum Market - Key Drivers

• Rising trends for aesthetic advances in the building structures due to the product's ability to offer innovative textures and designs on its surface will boost its application in high-end construction.
• Major market players are focusing on capitalizing and leveraging their online presence to increase awareness. Several players are utilizing social media platforms to educate customers concerning gypsum benefits.
• Technological advancements and change in customer interest have compelled builders and interior designers to concentrate on the aesthetic appeal of their creation.

Gypsum Market - Regional Analysis

• North America remains dominant due to the early adoption of advanced technology as well as the presence of skilled labor that is generating a conducive setting for market growth.
• The Asia Pacific will keep on reflecting higher demand for gypsum due to the existence of thriving construction industry.

Gypsum Market - Competitive Landscape

Major market players operating in the global gypsum market include Saint Gobain, Knauf Gips KG, Boral Limited, Lafarge, National Gypsum Company (U.S.), YOSHINO GYPSUM CO., LTD, Mada Gypsum, Beijing New Building Materials PLC, National Gypsum (Saudi Arabia), and JONOUB GYPSUM. Players are focusing on research & development initiatives and building long-term supply contracts with major end-users. Moreover, mergers & acquisitions are amid the strategy implemented by the market players. For instance,

Saint-Gobain took over the US. Company Continental Building Products. The acquisition will help the latter boost its earnings and product portfolio in the U.S. market.

For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-12417

Gypsum Market - Taxonomy

Product Type

• Synthetic Gypsum
• Natural Gypsum

Application

• Drywalls
• Cement
• Soil Amendment Products
• Plaster
• Others 

Regional Outlook:

• North America
• Latin America
• Europe
• South Asia & Pacific
• East Asia
• Middle East & Africa (MEA)

Get Valuable Insights into the Gypsum Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global gypsum market, presenting historical demand data and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the gypsum market, allowing readers to glean qualitative and quantitative information which will enable them to make informed market decisions in the upcoming forecast period.

Buy Now@ https://www.futuremarketinsights.com/checkout/12417

Explore Extensive Coverage on FMI's Technology Landscape

Gold Plating Chemicals Market: The global gold plating chemicals market is anticipated to surpass an impressive revenue threshold by the end of the forecast period ranging from 2020 to 2030, concludes FMI's recently published research report on the market. 

Magnesium Sulphate Market: FMI's compelling study on the magnesium sulphate market sheds light on the prominent dynamics influencing the growth trajectory for the upcoming forecast period 2020-2030 through detailed segmental and regional analyses. 

Precipitated Barium Sulphate Market: The precipitated barium sulphate market report offers a 360-degree analysis, bringing to the fore insights that can help stakeholders identify key challenges and opportunities across the upcoming decade's growth trajectory.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com 
For Media Enquiries: press@futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/gypsum-market 
Press Release Source: https://www.futuremarketinsights.com/press-release/gypsum-market

SOURCE Future Market Insights