At 3.8% CAGR, the North America FGD Gypsum Market is Projected to be worth US$ 518.29 million by 2030, says Business Market Insights

According to Business Market Insights’ research, the North America FGD gypsum market was valued at US$ 385.74 million in 2022 and is expected to reach US$ 518.29 million by 2030, registering a CAGR of 3.8% from 2022 to 2030. Growing construction industry and rising preference for gypsum board in construction industry are the critical factors attributed to the North America FGD gypsum market expansion.

Gypsum is used in the construction industry as a filler for cement and plasters to increase their strength while reducing the setting time of concrete. FGD gypsum is a synthetic gypsum highly preferred due to its low life cycle impact compared to natural gypsum, FGD gypsum is also used to make decorative panels, drywall panels, wallboard, and gypsum board. The rising demand for these panels in the construction industry bolsters the demand for gypsum. According to the Gypsum Association, approximately 50% of the gypsum utilized for production of drywall panels in the US is FGD gypsum. The construction industry in various countries across the region is rapidly growing due to a rise in government investments and an increase in demand for residential construction. The construction industry is one of the significant contributors to the economy of North America. According to the Associated General Contractors of America (AGC), the US construction industry constructs structures worth US$ 1.8 trillion each year. The rise in construction activities due to the increasing population and rapidly growing commercial sector across the region are driving the construction industry in North America. In November 2021, the US government approved a US$ 1.2 trillion infrastructure bill to aid federal investments in various infrastructure projects. Also, construction spending is expected to increase by 5.5% by 2023 from 2021. Such initiatives generate demand for construction services, equipment, and materials. Hence, the rising construction industry across the region is contributing to the demand for FGD gypsum for drywall market.

On the contrary, availability of alternative materials hurdles the growth of North America FGD gypsum market. 

Based on application, the North America FGD gypsum market is categorized into wallboard/drywall, cement, agriculture, water treatment, and others. The wallboard/drywall segment held 55.3% market share in 2022, amassing US$ 213.48 million. It is projected to garner US$ 294.51 million by 2030 to expand at 4.1% CAGR during 2022–2030.

Based on country, the North America FGD gypsum market has been categorized into the US, Canada, and Mexico.  Our regional analysis states that the US captured 86.6% share of North America FGD gypsum market in 2022. It was assessed at US$ 333.99 million in 2022 and is likely to hit US$ 451.75 million by 2030, exhibiting a CAGR of 3.8% during 2022–2030.            

Key players operating in the North America FGD gypsum market are Georgia-Pacific LLC, EP Power Minerals GmbH, Holcim Ltd, Knauf Gips KG, Compagnie de Saint-Gobain SA, American Gypsum Co LLC, and National Gypsum Co, among others.

• In Dec 2022, Georgia-Pacific LLC invested in the gypsum wallboard facility.
• In May 2021, EP Power Europe completed the acquisition of STEAG Power Minerals.

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