Gypsum Market

Gypsum Market Analysis

The Gypsum Market size is estimated at 338.15 Million tons in 2025, and is expected to reach 441.95 Million tons by 2030, at a CAGR of 5.5% during the forecast period (2025-2030).

The gypsum market was significantly impacted by COVID-19. Lockdowns and restrictions led to delays in gypsum production and transportation, affecting availability. However, as economies reopened, demand for gypsum boards and cement additives surged.

• The increasing demand for gypsum from residential construction and a rise in renovation and remodeling activities across residential and commercial industries can drive significant market growth.
• However, the competition from alternative materials and environmental regulations can hinder the gypsum market growth.
• The development of recycling technology presents a significant opportunity for the growth of the gypsum market.
• The Asia-Pacific region is projected to experience the highest growth during the forecast period, supported by rising demand from end-user industries.

Gypsum Market Trends

Cement Additive Segment to Dominate the Market

• The cement additive segment plays a dominant role in the gypsum market due to its widespread use in construction and infrastructure projects.
• Cement additives improve strength, durability, and workability, making gypsum essential in high-performance concrete applications.
• Governments worldwide are investing in large-scale infrastructure projects, boosting demand for cement additives.
• The gypsum market benefits from increased cement production for roads, bridges, and commercial buildings.
• For instance, in India, the Smart Cities Mission continues to expand, with eight new smart cities being developed under the New Cities Scheme. This initiative aims to address urbanization pressures and enhance urban infrastructure.
• Similarly, in China, the government’s 14th Five-Year Plan focuses on sustainable urbanization and digital infrastructure, driving the development of smart cities and improving urban housing.
• In developed markets such as the United States, construction spending has shown consistent growth.
• According to data published by the US Census Bureau in February 2025, private construction spending in the United States reached USD 1,662 billion in 2024.
• Furthermore, non-residential construction spending increased to USD 746.4 billion in 2024, up from USD 699 billion in 2023.
• In conclusion, the gypsum market is poised for sustained growth, driven by its indispensable role in construction materials, rapid urbanization in emerging economies, and supportive government initiatives worldwide. The increasing construction spending in developed markets further underscores the robust demand for gypsum in the forecast period.

Asia-Pacific to Dominate the Market

• The Asia-Pacific region is poised to dominate the gypsum market in 2024, driven by rapid urbanization, large-scale infrastructure projects, and supportive government policies. This analysis explores the key factors contributing to the market's growth in the region.
• Urbanization in countries such as China, India, and Indonesia is significantly boosting the demand for construction materials, including gypsum, for residential and commercial projects.
• This trend is further supported by large-scale infrastructure initiatives like smart cities and housing schemes, which rely heavily on gypsum-based products.
• China, a major contributor to the region's gypsum market, launched over 60,000 urban renewal projects in 2024, with a total investment of approximately USD 404.4 billion.
• These projects aim to renovate old neighborhoods, upgrade urban infrastructure, and develop smart residential areas, thereby driving the demand for gypsum.
• In India, the Pradhan Mantri Awas Yojana (PMAY) continues to expand, targeting the construction of two crore additional houses by 2029. This initiative, as reported by the India Brand Equity Foundation, focuses on providing affordable housing for both urban and rural populations, further fueling the gypsum market.
• Additionally, the Delhi Development Authority (DDA) has introduced several housing schemes for 2024 and 2025, offering affordable housing options and special discounts for specific income groups.
• Moreover, policies promoting sustainable construction and affordable housing across the region are playing a pivotal role in boosting the gypsum market. These measures align with the growing emphasis on environmentally friendly and cost-effective building practices.
• In conclusion, the Asia-Pacific gypsum market is experiencing robust growth, driven by urbanization, infrastructure development, and supportive government initiatives. With ongoing projects and policies in place, the region is expected to maintain its dominance in the global gypsum market during the forecast period.

Gypsum Industry Overview

The Gypsum Market is fragmented, with various players dominating the market. Some of the major companies (not in particular order) include Beijing New Building Materials (BNBM), Etex Group, Knauf Digital GmbH, National Gypsum Services Company, and Saint-Gobain, among others.

Gypsum Market Leaders

Gypsum Market News

• April 2024: Saint-Gobain is the first in India to produce low carbon plasters, cutting global warming impact by 40%. Gypsum plaster offers superior finishing and is an effective alternative to cement plaster.
• December 2023: Saint-Gobain Gyproc unveiled a fresh lineup of gypsum wallboards: Habito Standard for heavy-duty applications, Glasroc X tailored for outdoor use, and Rigiroc, a versatile moisture-resistant board.