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.
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Gypsum Market - Major Takeaways
Gypsum Market - Key Drivers
Gypsum Market - Regional Analysis
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.
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Gypsum Market - Taxonomy
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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.
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