UK: Smithers Apex predicts that the global synthetic gypsum market is due to reach 220Mt/yr by 2027 from a 151M/yr in 2017. A new report by the market research company forecasts modest growth in the US, a decline in Europe and growth in China over the next 10 years. At present the current supply of synthetic gypsum is mostly based in theses countries and they accounted for 96% of worldwide supply in 2014.
"The synthetic gypsum industry is at a very interesting and dynamic point in time. The outlook for the next 10 years is positive, but not without threats. Opportunities abound for new applications, coupled with an increased supply. Innovation is coming in the form of research into the raw material," said Robert C Grupe, Jr, the author of the 'Future of Synthetic Gypsum: Market Forecasts to 2027' report.
An example of a major driver of the synthetic gypsum market is government regulations controlling coal-fired power plants. Sustainability requirements for the design and construction of new buildings can also encourage demand for products made with synthetic gypsum.
