Gypsum Concrete Market

The gypsum concrete market is redistribution and expansion based on large footprint construction industries. The key factors for the growth of the construction industry are increased usage of lightweight fire retardant composite and focus on eco-friendly buildings also provide growth opportunities, though the market remains constrained as well. For the stakeholders of the market, growing consumption of gypsum concrete for new use areas such as offsite and 3D construction will be critical. Such dynamics show the emergence of more sustainable types of construction, and they include the production of low-polluting gypsum concrete, including green gypsum concrete.

In the current market, there is a transition towards the application of gypsum concrete as a special-purpose material for internal or external use in multi-story buildings, data centers, the healthcare sphere, etc. This increasing demand for high-performance rather than standard, profiled products extends the spatial boundaries of manufacturers of specialized products.

The Global Gypsum Concrete Market Industry experiences a notable increase in demand for sustainable construction materials. As environmental concerns gain prominence, builders and developers are increasingly opting for gypsum concrete due to its eco-friendly properties. Gypsum, being a natural mineral, contributes to reducing the carbon footprint of construction projects. This shift towards sustainability is reflected in the projected market value of 2.19 USD Billion in 2024, with expectations to reach 3.35 USD Billion by 2035. The compound annual growth rate of 3.94% from 2025 to 2035 further underscores the industry's commitment to sustainable practices.

The Gypsum Concrete Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, North America is expected to hold the largest market share in 2023, owing to the increasing demand for gypsum concrete in the construction industry. The region is home to some of the world's largest construction companies, which are driving the demand for gypsum concrete. Europe is another major market for gypsum concrete, with a significant demand for the product in the residential construction sector.

The APAC region is expected to witness the highest growth rate during the forecast period due to the increasing construction activities in countries such as China and India.South America and MEA are relatively smaller markets for gypsum concrete but are expected to grow at a steady pace in the coming years. The Gypsum Concrete Market is expected to reach a value of USD 2.01 billion in 2023 and is projected to grow at a CAGR of 4.33% to reach USD 2.95 billion by 2032.

Source Primary Research, Secondary Research, Market Research Future Database and Analyst Review

Major players in the Gypsum Concrete Market industry are majorly investing in expanding their production capacity to meet the growing demand for gypsum concrete. This would intensify the competitive landscape over the forecast period. Leading Gypsum Concrete Market players are focusing on developing innovative and sustainable gypsum concrete products to cater to the evolving needs of the construction industry. The Gypsum Concrete Market development is expected to be driven by the increasing demand for lightweight and fire-resistant building materials.Knauf, a leading company in the Gypsum Concrete Market, has a strong presence with manufacturing plants in over 30 countries.

The company offers a wide range of gypsum concrete products, including gypsum wallboard, gypsum plaster, and gypsum ceiling tiles. Knauf is committed to providing innovative and sustainable solutions for the construction industry. The company has a dedicated research and development team that is constantly working on developing new and improved gypsum concrete products. Knauf is also focused on expanding its reach and has recently acquired several companies in emerging markets.LafargeHolcim, a leader in the building materials industry, is another major player in the Gypsum Concrete Market.

The company offers a wide range of gypsum concrete products, including gypsum wallboard, gypsum plaster, and gypsum ceiling tiles. LafargeHolcim has a strong presence in both developed and emerging markets. The company is committed to providing sustainable and innovative solutions for the construction industry. LafargeHolcim has a dedicated research and development team that is constantly working on developing new and improved gypsum concrete products. The company is also focused on reducing its environmental impact and has set a goal of reducing its carbon emissions by 30% by 2030.