Synthetic gypsum Market: Introduction
Synthetic gypsum is a sulphate material that is produced by the scrubbing or flue gas desulfurization processes in a coal-fired power plant. Synthetic gypsum is composed of calcium sulphate dehydrate and possesses the same properties as those of natural gypsum, and can be used as a substitute of natural gypsum in several applications, such as cement, drywall, glass manufacturing and soil amendments. Synthetic gypsum manufacturing creates several positive environmental and economic benefits. This material is created from the waste of a coal-fired plant, and this helps prevent it from contributing to environmental pollution as well as helps reduce landfills. Moreover, synthetic gypsum products have benefits over natural gypsum in terms of environmental impact as well as costs.
Furthermore, synthetic gypsum is mostly used in the construction industry as wallboard along with other building materials that rely on the ability of gypsum to harden into a cement-like form. Moreover, synthetic gypsum is most commonly used in the agriculture industry for soil amendment as it fulfils the need for calcium & sulphate in plants. It also helps in the coagulation of soil particles, acts as a natural aerator and helps prevent the loss of compact soil particles. Some of the other applications of synthetic gypsum include its usage in cosmetic products, concrete and medical products. The name ‘synthetic gypsum’ is used to categorise a variety of products such as citrogypsum, fluorogypsum and phosphogypsum, among others.
Synthetic gypsum Market: Dynamics
In the synthetic gypsum market, coal fired plants are directly involved in the production of the waste material that is used for manufacturing synthetic gypsum. Government regulations, which include the Clean Air Act, are have been introduced to reduce the pollution caused by these plants, which is expected to drive the market in the near future. Moreover, several stringent government regulations are being enforced to bring about a reduction in the environmental impact triggered by coal plants. These regulations are driving the adoption of the Flue Gas Desulfurization (FGD) technology by the existing as well as new coal power plants to enhance the production of synthetic gypsum, and are used as substitutes of natural gypsum in several applications. In addition, synthetic gypsum is a cost-effective and eco-friendly product as compared to natural gypsum, which is also among the factors contributing to the growth of the synthetic gypsum market in the near future. Moreover, in the construction industry, the growing demand for green building structures is expected to drive the synthetic gypsum market over the forecast period.
However, the presence of alternatives of synthetic gypsum in the form of natural gypsum is projected to hamper the growth of the synthetic gypsum market over the forecast period.
Synthetic gypsum Market: Segmentation
The global synthetic gypsum market can be segmented on the basis of product type, end-use industry, application and region.
On the basis of product type, the synthetic gypsum market is segment into:
On the basis of application, the synthetic gypsum market is segmented into:
On the basis of end-use industry, the synthetic gypsum market is segmented into:
Synthetic gypsum Market: Regional outlook
Asia Pacific is estimated to account for a significant share of the synthetic gypsum market owing to growth in the construction industry in India and China. In India and China, the demand of eco-friendly and cost-effective products is projected to boost the demand for synthetic gypsum over the forecast period. The agriculture industry in India is a healthy platform where the demand for synthetic gypsum is expected to gain traction owing to significant benefits in the agriculture field. The North America market is estimated to witness substantial growth owing to stringent government regulations for reducing pollution as well as the enforcement of new building regulations. The Europe market is estimated to register considerable growth owing to an increase in the demand for green building structures in the construction industry in the near future.
Synthetic gypsum Market: Market participants
Some of the market participants involved in the synthetic gypsum market are:
The research report presents a comprehensive assessment of the Synthetic gypsum market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated Synthetic gypsum market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Synthetic gypsum market segments such as geographies, application, and industry.
The report covers exhaustive analysis on:
Regional analysis includes:
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on Synthetic gypsum market segments and geographies.