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Thursday, 18 April 2024
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FGD Gypsum Market is expected to reach US$ 3,207.00 million by 2030

The Global FGD Gypsum Market size is projected to grow from USD 2,298.56 million in 2022 to USD 3,207.0 million by 2030.

By The Insight Partners

Rising Preference for Gypsum Board in Construction Industry to Escalate FGD Gypsum Market Growth During 2022–2030

According to our new research study on “FGD Gypsum Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Application,” the FGD gypsum market size is expected to grow from US$ 2,298.56 million in 2022 to US$ 3,207.00 million by 2030; it is estimated to register a CAGR of 4.3% from 2022 to 2030. The report highlights key factors driving the FGD gypsum market growth and prominent players along with their developments in the market.

Flue gas desulfurization (FGD) gypsum has been used for various useful applications, including the preparation of wallboard/drywall, set retarder in cement, soil amendment in agriculture, and water clarification agent in water treatment, due to its abundant availability and chemical and physical properties.

Global FGD Gypsum Market Breakdown – by Region

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPRE00029985

FGD gypsum is a by-product generated from the fuel gas desulfurization (FGD) process in coal-fired power plants. This process is used to remove sulfur dioxide (SO2) emission from the fuel gases to comply with environmental regulations. FGD gypsum is a valuable material as it can be used as a substitute for natural gypsum in various applications. The construction sector, in particular, is a major consumer of FGD gypsum as it is used in plasterboard and cement production. Stringent environment regulations and emission standards have led power plants to adopt FGD systems, resulting in a higher FGD gypsum production. In 2022, Asia Pacific held the largest share of the global FGD gypsum market. The major factors driving the FGD gypsum market growth in Asia Pacific are the increasing FGD system installation in coal power plants and rising construction activities. North America holds an extensive growth opportunity for the FGD gypsum market players due to its growing utilization in the end-use industries, including construction, agriculture, and water treatment. Synthetic gypsum, especially FGD gypsum, is utilized in various interior, exterior, and structural building and construction applications. The construction sector in North America is witnessing growth due to a robust economy and increased federal and state financing for commercial and institutional structures in the region. According to a report published by the US Census Bureau in 2022, the spending on residential construction in the US increased from US$ 815.48 billion in 2021 to US$ 929.67 billion in 2022. According to the US Geological Survey, synthetic gypsum accounted for ~32% of the total supply of gypsum in the US during the fourth quarter of 2021.

Georgia-Pacific LLC, Cez Energeticke Produkty SRO, EP Power Minerals GmbH, CASEA GmbH, Holcim Ltd, Knauf Gips KG, Travancore Titanium Products Ltd, Compagnie de Saint-Gobain SA, American Gypsum Co LLC, and National Gypsum Co are among the key players operating in the global FGD gypsum market. Market players focus on providing high-quality products to fulfill customer demand. They also adopt strategies such as investments in research and development activities and new product launches.

Impact of COVID-19 Pandemic on FGD Gypsum Market

The COVID-19 pandemic adversely affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The construction industry was severely affected by disruptions in supply chains and shutdowns of production plants in the initial phases of the pandemic. The pandemic caused disruptions in the global supply chain due to factory shutdowns, transportation restrictions, and labor shortages. These upheavals hindered the availability of raw materials and packaging components, leading to potential supply chain delays and increased operating costs for FGD gypsum manufacturers. The pandemic has increased the demand for certain products, such as pharmaceuticals, healthcare supplies, and essential consumer goods.

The report includes the segmentation of the global FGD gypsum market as follows:

The global FGD gypsum market is segmented on the basis of application. Based on application, the market is segmented into wallboard/drywall, cement, agriculture, water treatment, and others. By geography, the global FGD gypsum market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America FGD gypsum market is further segmented into the US, Canada, and Mexico. The market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific FGD gypsum market is further segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The South & Central America FGD gypsum market is further segmented into Brazil, Argentina, and the Rest of South & Central America.

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