Synthetic Gypsum Market Share

APAC Market Forecast

The synthetic gypsum market in the Asia Pacific region is projected to hold the largest market share by 2037. The regional growth is credited to the growing construction industry in the region. The expanding construction industry has created a strong demand for construction materials, including synthetic gypsum. Government initiatives and investments in infrastructure development, urban renewal, and affordable housing projects have played a significant role in driving the market in the Asia Pacific region. For example, India's government launched the "Housing for All by 2022" initiative, aiming to provide affordable housing to all citizens.

North American Market Statistics

The synthetic gypsum market in the North American region is anticipated to hold the second-largest share during the forecast period. The growth of the market in this region can be ascribed to environmental regulations and emission reduction. Stricter environmental regulations and the need to reduce emissions from coal-fired power plants have led to the widespread adoption of flue gas desulfurization (FGD) systems, resulting in increased production of synthetic gypsum. The increasing focus on sustainable construction practices and green building certifications has driven the demand for synthetic gypsum in the construction industry.