At 4.7% CAGR, the Asia Pacific FGD Gypsum Market is Projected to be worth US$ 1,906.18 million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Asia Pacific FGD gypsum market was valued at US$ 1,320.71 million in 2022 and is expected to reach US$ 1,906.18 million by 2030, registering a CAGR of 4.7% from 2022 to 2030. Growing construction industry and rising preference for gypsum board in construction industry are the critical factors attributed to the Asia Pacific FGD gypsum market expansion.

A gypsum board, also known as a drywall panel, is preferred over plaster since it is easier to install and repair, less expensive, and more durable. It takes less time to mount and is also widely available. Fire-resistant properties and feasibility of utilization are common factors increasing the use of gypsum in residential and nonresidential construction activities. Gypsum boards are widely used as a substitute for wooden panels and concrete walls in modern buildings and interiors, as they can be installed easily and quickly. Gypsum boards also contain recycled content such as Flue Gas Desulfurization (FGD) gypsum. FGD gypsum boards are extensively used as a finishing material in the construction of modern buildings—mainly for ceilings, partitions, and interior walls. Also, they are lightweight, flexible to use, cost-effective, and durable. These panels are available in different colors and varieties such as regular, green board, blue board, purple, paperless, type X fire-resistant, and soundproof drywall, which helps add desirable and luxurious aesthetics to the interiors of a building. In addition, drywall panels comply with all the requirements for design in architecture, thus preferred over other construction materials. The rising preference and utilization of gypsum boards in residential, commercial, industrial, and utility spaces, owing to their advantages such as low cost, ease of installation, fire resistance, non-toxicity, sound attenuation, and availability is contributing to the FGD gypsum for drywall market growth.

On the contrary, availability of alternative materials hurdles the growth of Asia Pacific FGD gypsum market. 

Based on application, the Asia Pacific FGD gypsum market is categorized into wallboard/drywall, cement, agriculture, water treatment, and others. The wallboard/drywall segment held 52.6% market share in 2022, amassing US$ 694.34 million. It is projected to garner US$ 1,027.74 million by 2030 to expand at 5.0% CAGR during 2022–2030.

Based on country, the Asia Pacific FGD gypsum market has been categorized into Australia, China, Japan, India, South Korea, the Rest of Asia Pacific.  Our regional analysis states that China captured 64.5% share of Asia Pacific FGD gypsum market in 2022. It was assessed at US$ 851.24 million in 2022 and is likely to hit US$ 1,260.63 million by 2030, exhibiting a CAGR of 5.0% during 2022-2030.            

Key players operating in the Asia Pacific FGD gypsum market are EP Power Minerals GmbH, CASEA GmbH, Holcim Ltd, Knauf Gips KG, Travancore Titanium Products Ltd, and Compagnie de Saint-Gobain SA, among others.

• In May 2021, EP Power Europe completed the acquisition of STEAG Power Minerals.
• In Jan 2021, Compagnie de Saint Gobain SA, Placo launched a laminated gypsum wallboard product.

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