Report : Europe Synthetic Gypsum Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (FGD Gypsum, Flurogypsum, Phosphogypsum, Citrogypsum, and Others), Application (Drywall, Cement, Soil amendment, Dental, Water Treatment, and Others)
Drywall Segment to Dominate Europe Synthetic Gypsum Market during 2020-2027
According to a new market research study on “Europe Synthetic Gypsum Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast – by Type, Application, and Country,” is expected to reach US$ 367.54 million by 2027 from US$ 272.45 million in 2020. The market is estimated to grow at a CAGR of 4.4% from 2020 to 2027. The report provides trends prevailing in the Europe synthetic gypsum market along with the drivers and restraints pertaining to the market growth. Incrementing demand from the construction industry and rising application in the agriculture industry are the major factors driving the growth of the Europe synthetic gypsum market. However, the industrial shift from coal to natural gas may hinder the growth of Europe synthetic gypsum market.
In case of COVID-19, in Europe, especially France, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of synthetic gypsum manufacturing activities. Other chemical and materials manufacturing sector has subsequently impacted the demand for synthetic gypsum during the early months of 2020. Moreover, decline in the overall construction and agricultural materials manufacturing activities has led to discontinuation of synthetic gypsum manufacturing projects, thereby reducing the demand for synthetic gypsum. Similar trend was witnessed in other European countries, i.e., Russia, UK, Italy, Germany and Spain. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
The market for Europe synthetic gypsum is segmented into type, application and country. Based on type, the market is segmented into FGD gypsum, fluorogypsum, phosphogypsum, citrogypusm and others. In 2019, the FCD gypsum segment held the largest share in Europe synthetic gypsum market. Based on application, the Europe synthetic gypsum is bifurcated drywall, soil amendment, cement, dental, water treatment and others. The cement segment is expected to be the fastest growing segment over the forecast period. Furthermore, in this present scenario of COVID 19 pandemic, the Europe synthetic gypsum market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the European countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for synthetic gypsum.
Drax Group Plc, USG Corporation, Larargeholcim Ltd., Knauf Gips KG, BauMineral GmbH, and Steag GmbH are some of the leading companies in the Europe synthetic gypsum market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The report segments the Europe Synthetic Gypsum market as follows:
Europe Synthetic Gypsum Market – By Type
- FGD Gypsum
- Fluorogypsum
- Phosphogypsum
- Citrogypusm
- Others
Europe Synthetic Gypsum Market – By Application
- Drywall
- Soil Amendment
- Cement
- Dental
- Water Treatment
- Others
Europe Synthetic Gypsum Market – By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
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