The gypsum mining market has gained strong traction over the years due to rising demand across diverse applications. Gypsum, which is processed mineral which exists in crystal form, mainly finds extensive usage in construction materials like plaster of Paris and cement as it provides strength and durability. It also has properties like fire resistance, sound insulation which has increased its preference in wall constructions.
The Global gypsum mining market is estimated to be valued at US$ 159.96 Bn in 2024 and is expected to exhibit a CAGR of 18% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the gypsum mining market are Boiron, Heel, Schwabe Group, Dolisos, Nelsons, Weleda, SBL Homeopathy, Hahnemann Laboratories, Inc., Reckeweg, Helios Homeopathy, Ainsworths, Pekana, WHP (Washington Homeopathic Products), Hyland’s Homeopathic, HapÉ Homeopathic Pharmacy.
The key opportunities in the market include rising construction activities, increasing prevalence of homeopathy and growing investment in infrastructure development projects. Furthermore, initiatives supporting green construction will also boost market revenues.
The Gypsum Mining Market Growth is expanding globally with strong in Asia Pacific region mainly due to increasing investments in infrastructure development in China and India. Additionally, North America and Europe also provide sizeable growth prospects for market participants.
Market Drivers
One of the key drivers for the gypsum mining market is the rapid pace of infrastructure development across both developed and developing nations. There is rising construction of residential & commercial properties, roads, bridges owing to growing urbanization. This requires massive consumption of gypsum as it is a versatile mineral with wide construction applications. Thus, infrastructure expansion will continue boosting demand in the gypsum mining market over the forecast period.
PEST Analysis
Political: The regional and national mining laws and regulations impact the Gypsum Mining Market. Changes in the environmental protection policies can also affect the extraction and processing of gypsum.
Economic: The level of construction activities and infrastructure development projects influence the demand for gypsum in industries such as cement, plaster of Paris, and wallboard manufacturing. Fluctuations in the economic conditions impact construction spending.
Social: Social acceptance and awareness programs promote the use of gypsum-based wallboards and panels in buildings. Environmental organizations support the sustainable mining of gypsum deposits.
Technological: Advancements in mining equipment improve productivity and yield from gypsum extraction. Automated processing helps increase throughput and quality consistency in plaster and wallboard manufacturing. Use of robots in construction aids faster project completion.
Geographical regions with high market concentration
North America accounts for a major share of the global gypsum mining market value due to extensive infrastructure and ongoing real estate construction. Large deposits in the US and ongoing exploration of reserves in Canada and Mexico contribute to regional supply.
Fastest growing region
Asia Pacific has been witnessing rapid growth aided by rising per capita income, urbanization, and infrastructure development initiatives across countries such as China, India and Southeast Asian nations. This drives strong demand for gypsum-based materials used in buildings, cement, and other industrial applications.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author – Ravina Pandya
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