Europe FGD gypsum market Revenue to cross US$ 359.29 million by 2030 Market
Published On: Nov 2023
Published On: Nov 2023
According to Business Market Insights’ research, the Europe FGD gypsum market was valued at US$ 280.75 million in 2022 and is expected to reach US$ 359.29 million by 2030, registering a CAGR of 3.1% from 2022 to 2030. Growing construction industry and rising preference for gypsum board in construction industry are the critical factors attributed to the Europe FGD gypsum market expansion.
Increasing environmental awareness and concerns have propelled the efficient usage of construction materials with low environmental impact. Many manufacturers from European countries use advanced technologies to reduce the overall impact of harmful emissions on the environment. Global climate change and concern over greenhouse gas emissions are forcing the market players to consider greener options. FGD gypsum is gaining popularity as a sustainable, environment-friendly alternative in the construction industry. Therefore, it is used in various construction materials such as drywall, cement, and concrete. Generally, gypsum makes up nearly 90% of the weight of a sheet of a drywall panel. Further, the trending sustainable construction practices and rising focus on green building certifications would boost the demand for FGD gypsum in the coming years. Moreover, the need for manufacturing FGD gypsum using FGD systems has increased due to the implementation of regulations by governments to reduce sulfur dioxide emissions from power plants and industrial processes. The concept of circular economy promotes the recycling and reuse of materials, which is further influencing the FGD gypsum demand. The manufacturers are encouraged to increase the production of FGD gypsum, in response to the global focus on sustainable development and circular economies. In 2020, European Commission transitioned to a circular economy by adopting Circular Economy Action Plan (CEAP) to reduce the consumption of natural and nonrenewable resources. This initiative is a precondition for the European Union to achieve its 2050 climate neutrality goal.
On the contrary, availability of alternative materials hurdles the growth of Europe FGD gypsum market.
Based on application, the Europe FGD gypsum market is categorized into wallboard/drywall, cement, agriculture, water treatment, and others. The wallboard/drywall segment held 63.5% market share in 2022, amassing US$ 178.22 million. It is projected to garner US$ 233.02 million by 2030 to expand at 3.4% CAGR during 2022–2030.
Based on country, the Europe FGD gypsum market has been categorized into Germany, France, Italy, the UK, Russia, the Rest of Europe. Our regional analysis states that Russia captured 36.8% share of Europe FGD gypsum market in 2022. It was assessed at US$ 103.22 million in 2022 and is likely to hit US$ 137.80 million by 2030, exhibiting a CAGR of 3.7% during 2022–2030.
Key players operating in the Europe FGD gypsum market are Cez Energeticke Produkty SRO, EP Power Minerals GmbH, CASEA GmbH, Holcim Ltd, Knauf Gips KG, and Compagnie de Saint-Gobain SA, among others.
Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
