Synthetic Gypsum Market Size

Synthetic Gypsum Market size was over USD 17.45 billion in 2024 and is projected to cross USD 121.81 billion by the end of 2037, growing at more than 15.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of synthetic gypsum is estimated at USD 19.7 billion.

Synthetic gypsum finds applications in various industries. This is slated to propel the market growth. The major use of synthetic gypsum is in the construction industry. It is used as a substitute for natural gypsum in the production of gypsum boards, cement, and plaster. Synthetic gypsum is also used in agricultural applications as a soil amendment to improve soil structure and fertility.

Additionally, the increasing demand for sustainable construction materials and the strict regulations on emissions from power plants also drives market growth. The use of synthetic gypsum helps in reducing greenhouse gas emissions and conserving natural resources. It helps in reducing the environmental impact associated with gypsum mining. The rising concern for toxic mineral properties and the need to mitigate, and reduce air pollution is also credited to the market growth. Increasing research and investment opportunities also propel the market.