Gypsum Global Market Report 2025

Gypsum Market Overview

• Gypsum market size has reached to $31.81 billion in 2024

• Expected to grow to $62.41 billion in 2029 at a compound annual growth rate (CAGR) of 14.5%

• Growth Driver: Gypsum Mining Market Driven By Surging Demand In Cement Production

• Market Trend: Expansion In The Insoluble Sulfur Market With Innovating Production Plants

• South America was the largest region in 2024.

What Is Covered Under Gypsum Market?

Gypsum refers to the process of mining gypsum and its compounds which are used in the production of wallboard, cement, plaster of Paris, soil conditioning, and as a hardening retarder in Portland cement.

The main types of gypsum are gypsum – construction, agricultural gypsum, and other types- of gypsum. Gypsum improves the ability of soil to drain and not become waterlogged due to a combination of high sodium, swelling clay, and excess water. The products used pre-decorated boards, wallboards, and ceiling boards. The applications involved commercial and residential. The mining type includes underground mining and surface mining.

What Is The Gypsum Market Size 2025 And Growth Rate?

The gypsum market size has grown rapidly in recent years. It will grow from $31.81 billion in 2024 to $36.36 billion in 2025 at a compound annual growth rate (CAGR) of 14.3%. The growth in the historic period can be attributed to increased mining production and government initiatives for gypsum mine expansion.

What’s The Trade War Impact On Mining Industry?

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the mining sector, particularly in equipment procurement, export activity, and supply chain continuity. Higher duties on imported heavy machinery, drilling equipment, and specialized components have raised capital and operational costs for mining firms, delaying new project launches and limiting production efficiency. At the same time, retaliatory tariffs imposed by key trade partners have reduced export demand for U.S.-mined resources—especially critical minerals like lithium, copper, and rare earth elements—exacerbating revenue pressures. These dynamics are particularly challenging for mid-sized and specialty mining operators reliant on international markets. In response, the sector is increasingly investing in domestic equipment manufacturing partnerships, expanding recycling initiatives for strategic minerals, and advocating for trade exemptions to restore global competitiveness while ensuring long-term resource security.

How Is The Gypsum Market Segmented?

1) By Application: Gypsum For Construction, Agricultural Gypsum, Other Gypsum

2) By Mining Type: Underground Mining, Surface Mining

Subsegments:

1) By Gypsum For Construction: Gypsum Board (Drywall), Gypsum Plaster, Gypsum Blocks

2) By Agricultural Gypsum: Soil Amendment Gypsum, Fertilizer Gypsum

3) By Other Gypsum: Industrial Gypsum, Dental Gypsum, Art and Craft Gypsum Products

What Is Driving The Gypsum Market? Gypsum Mining Market Driven By Surging Demand In Cement Production

A rise in cement production is expected to drive the growth of the gypsum mining market during the forecast period. Cement is one of the most important building materials that sets and hardens to adhere to building units. Gypsum is the main mineral that is added to the cement. It is called the retarding agent of cement as IT is mainly used for regulating the setting time of the cement. Without gypsum, cement clinker can condense immediately by mixing with water and releasing heat. For instance, in September 2024, according to the India Brand Equity Foundation, an India-based company, cement production in India saw a 12.1% increase in September 2022 compared to the same month in 2021. Therefore, the rise in cement production would promote the growth of the gypsum industry.

What Is Driving The Gypsum Market? Surging Demand For Plaster Of Paris (POP) Propelling Gypsum Market Expansion

An increase in demand for Plaster of Paris (PoP) is expected to propel the growth of the gypsum market during the forecast period. Plaster of Paris is made up of gypsum that is used to make sculptures and metal castings used for decorative purposes in buildings. This is prepared by heating the gypsum which contains calcium sulfate dihydrate to a temperature of about 150 C. The rise in demand for PoP is likely to play a crucial role in developing a high demand for gypsum mining to extract gypsum. For instance, according to a report published by the Indian Ministry of Micro, Small & Medium Enterprises Development Institute, the global PoP market is expected to reach $600 million by the end of 2030. Therefore, the increase in demand for PoP would drive the growth of the gypsum industry.

Who Are The Major Players In The Global Gypsum Market?

Major companies operating in the gypsum market include Rio Tinto Group, Iluka Resources Limited, FCI Aravali Gypsum and Minerals, zawawi minerals, kunooz oman holding, Rajasthan State Mines and Minerals limited, CHEM-CARB, NMDC Ltd, Henan Yukuang International Mining Investment Co Ltd, Baumineral GmbH, Steag GmbH, Knauf Gips KG, Torralba Group, British Gypsum (St Gobain), ETEX Group, Polska sp. z o.o, Harrison Gypsum, The H Lima Company Inc, Little Salt Creek Gyp Mine, Twisselman Gypsum, Allied Custom Gypsum, National Gypsum, Diamond Gypsum LLC, Pioneer Gypsum Mining Inc, Sumitomo Metal Mining Chile Ltda, Cerro Cazador SA, COMSA, Wasit General Trading LLC, Emirates House General Trading LLC, Awam Group LLC, United Mining Industries Company Limited (UMI), African Queen Mines Ltd, Anglo African Gypsum

What Are The Key Trends Of The Global Gypsum Market? Innovative Product Launches by Major Companies in the Gypsum Market

Major companies operating in the gypsum market are focusing on introducing innovative products such as high-quality gypsum board to meet the rising demand for cost-effective and efficient building materials. High-quality gypsum board refers to gypsum panels that meet stringent standards for strength, durability, and fire resistance, commonly used in construction for interior walls and ceilings. For instance, in December 2023, Saint-Gobain India Pvt Ltd, an India-based company, launched innovative range of building products included Habito Standard, Rigiroc, Glasroc X, and Metlance. Habito Standard is a 13mm high-quality gypsum board with an enhanced load-bearing capacity of up to 15kg per point using a regular woodscrew, offering high impact resistance. It is designed for heavy-duty applications in commercial and residential spaces.

What Are The Key Trends Of The Global Gypsum Market? Increasing Investments And Expansion Initiatives In The Gypsum Market

Increasing investment is a key trend gaining popularity in the gypsum market. The companies in the market are focusing on investments in gypsum mine expansion. For instance, in September 2022, Royal Invest s.a.r.l., a Tunisia-based company signed a finance agreement with a UK-based financial management company, Elite Capital & Co. Limited to finance new mining plants. Royal Gypse Gypsum Mine (Royal Invest, s.a.r.l- ROI) is the most respected gypsum mine in the Republic of Tunisia. ROI Gypsum Mine has delivered top-quality gypsum to its customers. ROI is dedicated to producing the best Gypsum in the Middle East and North Africa. Similarly, in September 2021, American Gypsum, a US-based company that manufactures, and distributes gypsum wallboard received a license from the Eagle County (a county located in the U.S. state of Colorado) Board of Commissioners for the expansion of its 336ha Eagle County opencast gypsum mine by 12% to 376ha. The expansion will secure the company’s nearby gypsum wallboard plant’s raw material supply until 2046.

Gypsum Market Merger And Acquisition: Saint-Gobain Strengthens Market Leadership Through Kaycan Acquisition

In July 2022, Saint-Gobain, a France-based company that designs, manufactures, and distributes materials and solutions for the construction, mobility and industrial markets acquired Kaycan for an undisclosed amount. With this acquisition, Saint-Gobain reinforces its worldwide leadership in light and sustainable construction by becoming the top siding player in Canada and enlarging its vinyl offer across the United States with complementary solutions in aluminum and engineered wood. Kaycan is a US-based company operating gypsum wallboard.

Regional Outlook For The Global Gypsum Market

South America was the largest region in the gypsum market in 2024. The regions covered in this market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

What Defines the Gypsum Market?

The gypsum market includes revenues earned by entities by providing mining for boron compounds such as selenite, satin spar, and rock gypsum. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Gypsum Industry?

The gypsum market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the gypsum industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.