Future Outlook of Gypsum Market: Analyzing Size, Share, Growth Patterns
The global gypsum market is poised for robust expansion, with market size projected to reach USD 32.5 billion by 2033, growing at a CAGR of 9.1% over the forecast period, according to a new report by Grand View Research, Inc. Rising construction activity, stringent fire-safety and acoustic standards, and the shift toward energy-efficient, sustainable building materials are expected to be the primary forces shaping demand for gypsum over the next decade.
Market Overview
Gypsum, a calcium sulfate dihydrate–based material, has become an indispensable input for modern construction owing to its fire resistance, acoustic insulation, low density, and ease of application. According to Grand View Research, gypsum’s versatility across gypsum board, plaster, cement additives, and agricultural applications is underpinning its long-term growth trajectory.
Grand View Research notes that gypsum products are increasingly preferred over conventional alternatives as builders, developers, and policymakers emphasize speed of construction, interior comfort, and lifecycle sustainability. In parallel, the adoption of synthetic and recycled gypsum is gaining momentum as part of broader decarbonization and circular-economy goals in the building materials ecosystem.
Construction-Led Demand Surge
The construction sector remains the single largest demand center for gypsum, particularly through gypsum board, plaster, and cement additive usage in residential, commercial, and institutional projects. Grand View Research’s analysis of the global gypsum board market shows that the segment alone was valued at USD 55.91 billion in 2023 and is projected to reach USD 127.06 billion by 2030, at a CAGR of 12.7% from 2024 to 2030, underscoring the strength of downstream demand for gypsum-based panels.
Residential real estate expansion across high-growth markets such as India, China, and Southeast Asia is adding a substantial volume of new walls, ceilings, and partitions built with gypsum board and gypsum-based finishing systems. In India, for example, the gypsum board market generated USD 864.3 million in revenue in 2023 and is expected to reach USD 2,249.8 million by 2030, reflecting a strong 14.6% CAGR from 2024 to 2030.
Performance Advantages And Building-Code Compliance
The Grand View Research report highlights gypsum’s intrinsic performance attributes as central to its growing acceptance among architects, contractors, and building owners. Gypsum-based boards and plasters deliver excellent fire resistance, helping projects comply with increasingly stringent fire-safety codes in both mature and emerging markets.
Moreover, gypsum systems offer enhanced acoustic insulation and smoother finishes, improving occupant comfort in high-density residential complexes, corporate offices, schools, and healthcare facilities. Their low weight and compatibility with dry construction techniques enable faster installation, reduced structural loads, and more flexible interior redesigns compared with traditional masonry.
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Segment Highlights: Natural, Synthetic, Boards, And Plaster
Grand View Research segments the gypsum market by type into natural and synthetic gypsum, and by application into gypsum board, cement additives, plaster of Paris, agriculture, and others.
Synthetic gypsum is emerging as a major contributor, supported by flue-gas desulfurization (FGD) systems at power plants and industrial facilities; the global synthetic gypsum market was valued at USD 2.06 billion in 2024 and is projected to reach USD 2.59 billion by 2030, at a CAGR of 4.1% from 2025 to 2030.
In India, the synthetic gypsum market generated USD 51.2 million in revenue in 2024 and is expected to reach USD 67.2 million by 2030, growing at 4.7% CAGR, with FGD gypsum as the largest and fastest-growing product segment.
On the finished-products side, gypsum boards and plasters remain the workhorses of interior construction. Grand View Research estimates the global gypsum plaster market at USD 3.41 billion in 2024, with the market projected to reach USD 4.92 billion by 2030, at a CAGR of 6.3% between 2025 and 2030. The natural-gypsum-based plaster segment alone generated USD 2,306.0 million in 2024 and is expected to grow to USD 3,307.2 million by 2030, at a 6.2% CAGR.
Regional Dynamics: Asia Pacific, North America, And MEA
Asia Pacific has emerged as the dominant regional market for key gypsum-based products, supported by rapid urbanization, infrastructure build-out, and sustained government spending on housing and social infrastructure. According to Grand View Research, Asia Pacific accounted for 46.6% of global gypsum board market volume in 2023, reflecting strong penetration of drywall and panelized construction systems.
Within the region, India stands out as one of the fastest-growing gypsum and gypsum-plaster markets, with Grand View Research projecting the country to register the highest CAGR in the global gypsum plaster market and natural-gypsum plaster segment from 2025 to 2030. Meanwhile, the Middle East & Africa (MEA) gypsum market generated USD 442.1 million in revenue in 2025 and is expected to grow at a robust CAGR of 9% from 2026 to 2033, driven by mega-infrastructure, tourism, and housing projects.
North America, led by the U.S., is also a critical demand center and innovation hub for gypsum products. Grand View Research reports that synthetic gypsum accounted for over 51% of the U.S. gypsum market in 2024, highlighting the region’s advanced adoption of by‑product gypsum sources. In parallel, North America accounted for 42% of global gypsum board revenues in 2023, and the U.S. is expected to remain a leading country-level market through 2030.
Sustainability, Circularity, And Synthetic Gypsum
Sustainability considerations are reshaping the gypsum value chain as regulators, investors, and occupants push for greener buildings and more responsible raw material usage. Synthetic gypsum from FGD systems, phosphogypsum, and other industrial processes is increasingly being used as a substitute for mined natural gypsum, reducing waste and conserving natural deposits.
Grand View Research highlights that the rising adoption of synthetic and recycled gypsum aligns strongly with national and corporate sustainability targets, especially in markets such as the U.S., Europe, and advanced Asian economies. As industrial players invest in closed‑loop recycling of gypsum boards and optimize logistics for collection and processing, the material’s environmental profile is expected to improve further, supporting its long-term competitiveness versus alternative materials.
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Emerging Opportunities In Agriculture And Industrial Uses
Beyond construction, gypsum is carving out a growing role in agriculture as a soil conditioner that improves soil structure, enhances water infiltration, and supports nutrient balance. Grand View Research notes that agricultural-grade gypsum, including product supplied by companies such as FAGMIL in India, is gaining acceptance among farmers seeking long-term soil health and higher yields.
Industrial applications—from cement production to specialty plasters and various manufacturing processes—also provide incremental demand, particularly in emerging markets that are industrializing rapidly and upgrading their materials mix. With governments promoting energy-efficient, durable, and recyclable materials, gypsum-based solutions are well placed to capture share in these adjacent segments.
Competitive Landscape And Innovation Focus
According to Grand View Research’s market coverage, the gypsum ecosystem includes global majors and regional champions such as Knauf, Saint‑Gobain, National Gypsum, Holcim, BNBM, and several Middle Eastern and Asian producers. These players are focusing on capacity expansions, advanced board and plaster formulations, lightweight systems, and value-added, pre-decorated boards to differentiate in a competitive marketplace.
In India and across Asia Pacific, local and multinational companies are increasingly investing in automated plants, machine-applied plaster systems, and prefabricated components to cater to large-scale residential and infrastructure demand. Product innovation—especially in moisture-resistant, impact-resistant, and pre-finished boards—is expected to open new revenue streams in high-performance segments such as healthcare, hospitality, education, and premium housing.
Outlook
Grand View Research expects gypsum to remain a cornerstone material for the global construction industry, supported by its favorable cost-to-performance profile, compatibility with fast-track construction, and alignment with sustainability megatrends. With strong growth projected across boards, plasters, synthetic gypsum, and region-specific applications in Asia Pacific, North America, MEA, and beyond, the gypsum market is well positioned to achieve the forecast USD 32.5 billion size by 2033.
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