Gypsum industry news

India: New market research by SkyQuest Technology Group has shown that the value of the global gypsum wallboard market will be US$160bn in 2032, higher than forecasts published by other researchers to date in 2025. The figure corresponds to a composite annual growth rate of 12%, from US$56.6bn in 2024.

World: Research firm HTF Market Intelligence has projected 6.2% compound annual growth in the value of global sales of gypsum wallboard and plaster between 2024 and 2032. This would lead to a 54% rise over the eight-year period, from US$55bn to US$85bn.

Germany: Chemicals company BASF's sales fell by 19% year-on-year to €37.3bn in the first half of the 2024 financial year (FY2024). Its earnings before interest, taxation, depreciation and amortisation (EBITDA) declined by 34% to €4.72bn. As a result, the company now anticipates full-year sales of €73 – 76bn in FY2024, down from the previously forecast €84 – 87bn. It revised its earnings forecast to €4 – 4.4bn, from €4.8 – €5.4bn previously. At the same time, it increased its anticipated reduction in CO₂ emissions for the year. It now expects to generate 17 – 17.6Mt of CO₂ from its operations, down from its previously forecast 18.1 – 19.1Mt.

North America: Market research company IMARC Group has quantified the North American gypsum wallboard market at 2.9Bnm² in 2023. In a report detailing the outlook for the nine years up to 2032, IMARC Group forecast a composite annual growth rate (CAGR) of 2.6%, resulting in sales volumes of 3.6Bnm² in 2032.

US: The producer price index (PPI) of gypsum building materials ended September 2022 at a new all-time high of 351, up by 20% year-on-year from 292 in September 2021. The figure doubled decade-on-decade from 177 in September 2012. In the shorter term, it rose by 12% from 315 over the six-month period from March 2022, and by 3.8% from 338 over the three-month period from June 2022.

World: Market research and consulting services provider Exactitude Consultancy has projected a composite annual growth rate in global gypsum demand of 4.2% between 2022 and 2029. The consultancy forecast that the market would reach US$2.14bn in value at the end of the period, up by 45% from US$1.48bn in 2021.

China: China National Building Material (CNBM) expects its profit to decline by 50% year-on-year in the first nine months of 2022. The group said that this will be due in part to reduced gypsum wallboard sales and a 'substantial' decline in the value of its financial assets.

World: Market researcher IMARC Group has forecast a global gypsum wallboard market composite annual growth rate (CAGR) of 7.2% between 2021 and 2026. The prediction is based on a starting value of US$24.4bn in 2020. IMARC Group surmises that the residential sector will dominate demand, which will be strongest in the Asia Pacific region.

Brazil: Saint Gobain has predicted a 40% year-on-year turnover increase from its Brazilian operations to US$2.63bn in 2021. It said that it expects demand for its products from civil construction to have accounted for 67% of its income for the year.

In 2021, Saint-Gobain invested a total of US$52.6m in its Brazilian operations, consisting of 56 sites. It aims to increase its total income by 15% in 2022 compared to 2021 levels. During the year, it plans to commission a new gypsum wallboard plant at Mogi das Cruzes in São Paulo.

World: Market researcher Future Market Insights (FMI) has estimated that the global market for gypsum for all applications will record a compound annual growth rate (CAGR) of 5% between 2022 and 2030. FMI said that this will be due to a global rise in construction, driven by digitisation and technological advances. In order for growth to return, economic activity must first return to ‘normal’ in the wake of the Covid-19 outbreak, according to FMI.

Research agency Technavio has also given its forecast for growth in the synthetic gypsum market between 2020 and 2024. It has predicted a CAGR of 4%, with total growth of US$320m over the period.