The gypsum mining market involves extracting raw gypsum stone directly from mines or quarries and processing it to produce various construction materials. Gypsum finds widespread applications in building walls and partitions owing to its fire resistance, acoustic insulation and moisture resistance. It is also used to produce plaster of Paris, anhydrous gypsum and industrial agricultural grade products.
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 growing construction industry is one of the major demand drivers for gypsum as it is extensively used in drywall, cement blocks and wallboards. With the rising infrastructure development and real estate sector globally, demand for gypsum is expected to rise significantly. Owing to increasing gypsum reserves and growth opportunities, key players are focusing on expanding their operations across Asia Pacific, Latin America, and Middle East & Africa.
Market key trends
One of gaining traction in the
Gypsum Mining Market Growth is the shift towards more sustainable practices. Growing environmental consciousness is forcing players to reduce waste, embrace cleaner production techniques, improve energy efficiency and lower emissions. Recycling gypsum waste from construction and demolition sites to feed it back into the production process helps create a circular economy. Mining companies are also exploring ways to restore mined out lands and help restore the natural ecology. Such sustainable initiatives can help gypsum miners gain a competitive edge while reducing operating costs in the long run.
Porter’s Analysis
Threat of new entrants: High capital requirement and economies of scale in production pose barriers to entry in this market
Bargaining power of buyers: Large buyers can negotiate lower prices from suppliers due to concentrated demand
Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of substitutes and differentiated products
Threat of new substitutes: Substitutes like cement provide competition but gypsum has distinct advantages of being a better insulator and fire resistant
Competitive rivalry: Intense competition exists among existing players to gain major market share
Geographical Regions
North America accounts for around 35% of the
Gypsum Mining Market Regional value due to large-scale construction activities in the US and Canada. Countries like the US, Mexico and Canada have abundant gypsum reserves and are major producers and consumers.
The Asia Pacific region is expected to grow the fastest at a CAGR of over 20% during the forecast period. Countries like India and China are driving the demand due to ongoing infrastructure development projects and growth in the construction industry. India has emerged as a key exporter of gypsum to Middle Eastern countries in recent years.
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