The Global Stone Gypsum Market size is projected to grow at a CAGR of 4.9% during the forecast period. The major factors driving this growth are increasing construction activities, a favorable regulatory environment for natural stone gypsum, and stringent emission norms for FGD type gypsum in emerging economies.
Stone Gypsum is a calcium sulfate mineral that is used as an ingredient of plaster, mortar, and stucco building materials or as a filler in paint formulations, etc. It provides good insulation properties due to its low thermal conductivity property and also has excellent sound absorption capability due to its high density. Stone Gypsum is a mineral that has been used as the primary ingredient in plaster and was also known as calcined gypsum. Stone Gypsum is often called Plaster of Paris because it's one of the most common forms of this material. The chemical formula for stone gypsum is CaSO₄·H₂O which stands for calcium sulfate hemihydrate. It can be manufactured by heating natural gypsums to create steam, then letting them cool off with water vapor before they become hard again over time.
On the basis of Type, the global stone gypsum market is segmented into natural type and FGD type.
The natural type of stone gypsum is extracted from the earth. It can be found in a few different regions around the world, but it's mainly mined out of southern and eastern areas like China, Iran, and Spain. Natural type typically costs less than FGD because they are more naturally occurring materials, and doesn't require any treatment.
The FGD type of stone gypsum is extracted from power plants that burn coal or petroleum to produce heat for generating electricity, which then releases a byproduct called flue gas desulfurization (FGD) slurry when they release the ashes in water tanks. This sludge can be processed into different types of products like mulch, fertilizer, animal feed supplements, plant food additives, and more. The addition of FGD type has significantly increased world production rates over time because it's cheaper than natural-type stone gypsum and is made using fossil fuels instead of the limited natural resources used during the extraction process.
On the basis of Application, the global stone gypsum market is segmented into construction, medical, industrial applications, and others.
In construction, stone gypsum is used in the production of concrete blocks. It reduces water absorption and improves the workability and consistency of the mortar paste. Stone gypsum also acts as insulation that provides thermal benefits to homes during winter months while keeping a home cool during summertime temperatures. Besides this, it is also used for repairing old plaster walls or filling gaps between bricks on exterior surfaces that need repairs due to damage caused by weathering conditions such as mold growths, tree roots, etc., and is also used as a finish coat on new plaster.
Stone gypsum is used for surgical fixation, plaster casts, osteosynthesis, and bone grafting. It is a natural mineral that is used as an ingredient in dental plasters and toothpaste. It acts as a source of calcium for the teeth and also helps to prevent tooth decay by helping to form strong enamel on teeth surfaces, which protects them from bacteria found in plaque.
The industrial applications of stone gypsum are mainly in the form of a filler, which is used to add volume and weight to various products such as paper, plastics, and paints. It can also be found in construction adhesives, insulation compounds for pipes and tanks, etc. This natural mineral has many benefits that make it more desirable than other fillers because it does not contain any harmful chemicals or heavy metals that may lead to health complications later on in life.
On the basis of Region, the global stone gypsum market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The major regions of the world that are extensively using this product in their construction sector include North America which accounted for a share of 38% in 2018 followed by Europe at 27%. In Latin American countries like Argentina, Brazil, and Mexico it has been used significantly to produce a concrete mix with Portland cement whereas the demand is decreasing gradually due to increasing production costs. However, there was an increase in demand from Asian countries including India and China during the 2017 -2018 period driven by growth in residential investments particularly housing schemes under affordable price range projects launched by state governments. It is predicted that these two emerging economies will be the major contributors to the growth of the stone gypsum market in the future. The demand from the Asia Pacific region is expected to increase at a CAGR of 16% during the forecast period mainly driven by the residential construction sector which utilizes a high amount of natural type and FGD-type products for its production. The adoption rate has increased significantly due to low cost, availability, and lesser weight as compared with Portland cement. In other regions like Europe, North America, and Middle East & Africa there will be an average annual decline in demand from 2018 - 2028 on account of an economical slowdown following the Brexit issue which led to a subsequent fall in investment activities such as housing schemes, etc., coupled with increasing usage rates of polymeric boards over concrete mix blocks.
The growth factors for the global stone gypsum market are increasing demand from the construction industry. The rising interest of medical professionals and surgeons in natural stones is likely to increase the applications of FGD type of products. The high cost associated with the manufacturing process will limit the expansion to some extent.
Up Market Research published a new report titled “Stone Gypsum Sales Market research report which is segmented by Types (Natural Type, FGD Type), By Applications (Construction, Medical, Industrial, Others), By Players/Companies USG, Lafarge, Factor II,Inc., Shreeji Gypsum, National Gypsum, BNBM, Heraeus Kulzer, Saint-Gobain, Etex Corp, Knauf, Boral, Yoshino, Baier, Jason”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Stone Gypsum Sales Market Research Report |
By Type | Natural Type, FGD Type |
By Application | Construction, Medical, Industrial, Others |
By Companies | USG, Lafarge, Factor II,Inc., Shreeji Gypsum, National Gypsum, BNBM, Heraeus Kulzer, Saint-Gobain, Etex Corp, Knauf, Boral, Yoshino, Baier, Jason |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 222 |
Number of Tables & Figures | 156 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Natural Type, FGD Type and By Application Construction, Medical, Industrial, Others.
Some of the companies that are profiled in this report are:
Stone Gypsum Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Stone Gypsum Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
Reasons to Purchase the Stone Gypsum Sales Market Report:
Some other reports from this category!