At 3.5% CAGR, the South & Central America FGD Gypsum Market is Projected to be worth US$ 151.50 million by 2030, says Business Market Insights

According to Business Market Insights’ research, the South & Central America FGD gypsum market was valued at US$ 115.32 million in 2022 and is expected to reach US$ 151.50 million by 2030, registering a CAGR of 3.5% from 2022 to 2030. Growing construction industry and rising preference for gypsum board in construction industry are the critical factors attributed to the South & Central 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 paints, drywall panels, wallboards, and gypsum boards. The rising demand for these panels in the construction industry bolsters the demand for gypsum. The South & Central America region is witnessing high growth in its construction and infrastructure development industry, which is expected to propel the demand for FGD Gypsum. Countries in the region are significantly investing in green and sustainable construction. According to the US and the Brazilian Building Councils, Brazil accounted for more than 1.2 million square meters of certified buildings, ranking seventh in Leadership and Energy and Environmental Design (LEED) registrations worldwide in 2021. According to the International Trade Administration, the Argentine government is focused on infrastructure projects worth US$ 20 million in the short term (2022). Thus, the rising focus on construction activities and infrastructure development, along with a focus on sustainable solutions, is driving the market for FGD gypsum in South & Central America.

On the contrary, availability of alternative materials hurdles the growth of South & Central America FGD gypsum market.

Based on application, the South & Central America FGD gypsum market is categorized into wallboard/drywall, cement, agriculture, water treatment, and others. The wallboard/drywall segment held 71.2% market share in 2022, amassing US$ 82.15 million. It is projected to garner US$ 109.83 million by 2030 to expand at 3.7% CAGR during 2022–2030.

Based on country, the South & Central America FGD gypsum market has been categorized into Brazil, Argentina, the Rest of South & Central America.  Our regional analysis states that the Rest of South & Central America captured 48.3% share of South & Central America FGD gypsum market in 2022. It was assessed at US$ 55.69 million in 2022 and is likely to hit US$ 72.41 million by 2030, exhibiting a CAGR of 3.3% during 2022-2030.

Key players operating in the South & Central America FGD gypsum market are Georgia-Pacific LLC, Holcim Ltd, Knauf Gips KG, and Compagnie de Saint-Gobain SA among others.

• In Jan 2021, Compagnie de Saint Gobain SA, Placo launched a laminated gypsum wallboard product.

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