PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1490233
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1490233
Flue Gas Desulfurization Gypsum (FGDG) Market size was valued at USD 859.20 million in 2023, expanding at a CAGR of 5.91% from 2024 to 2032.
FGDG, or flue gas desulfurization gypsum, is a by-product generated during the flue gas desulfurization process in coal-fired power plants. Its abundance and favorable chemical and physical properties have led to its widespread use in various beneficial applications. However, FGDG also shows promise as a remediation material in agricultural settings. It can improve soil physicochemical properties, control soil and nutrient loss, supply essential trace elements to the soil, and ultimately boost crop yields. As a result, recent investigations have explored both new and traditional FGDG applications in different reuse scenarios, all of which have been found to have minimal environmental impact. These applications, which are considered environmentally friendly, should be further studied to maximize the reuse potential of FGDG.
Flue Gas Desulfurization Gypsum (FGDG) Market- Market Dynamics
The rising demand for Flue Gas Desulfurization Gypsum (FGDG) is propelled by several industries, notably construction and agriculture, among others
FGDG is widely used in the construction industry as a replacement for natural gypsum in various applications like drywall, plaster, and cement production. By incorporating flue gas desulfurization gypsum, the compressive strength can be enhanced by 5% substitution, resulting in an optimal average compressive strength value of 8,569 MPa. Additionally, the water absorption value can be optimized with a 5% substitution percentage, reaching 9,315%. Moreover, in 2018, demolitions contributed 567 million tons of debris to the national waste stream, as reported by the Environmental Protection Agency. To meet the demands of a growing population and promote sustainable practices, the agricultural sector is increasingly adopting FGDG for soil amendment applications. Ongoing research and development endeavors are focused on discovering new applications and enhancing the quality of FGDG, thereby expanding its market potential. Nevertheless, the market growth may be hindered by the variability in quality.
Flue Gas Desulfurization Gypsum (FGDG) Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 5.91% over the forecast period (2024-2032)
Based on Application segmentation, Water Treatment was predicted to show maximum market share in the year 2023
Based on End-user segmentation, Agriculture was the leading type in 2023
Based on region, Asia Pacific was the leading revenue generator in 2023
The Global Flue Gas Desulfurization Gypsum (FGDG) Market is segmented based on Type, Application, End-User, and Region.
The market is segmented into three divisions according to Type: Solid and Powder. Each form of FGDG, whether solid or powder, possesses unique benefits and is suitable for various applications. The selection between the two relies on factors like the application's specific needs, transportation logistics, processing capabilities, and cost considerations.
The market is segmented into five categories according to application: Dental, Drywall, Cement, Water Treatment, Mining, Soil Amendment, and Others. The water treatment sector leads the market. The use of Flue Gas Desulfurization Gypsum (FGDG) in water treatment showcases its versatility and sustainability in tackling different water quality issues.
The market is segmented into two categories according to End-User: Construction, Agriculture, and Other sectors. The Agriculture segment holds the largest share of the market. The use of Flue Gas Desulfurization Gypsum (FGDG) in agriculture provides numerous advantages for soil fertility, nutrient control, and crop yield.
Flue Gas Desulfurization Gypsum (FGDG) Market- Geographical Insights
Geographically, this market spans across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further segmented based on the countries involved in business activities. The Asia Pacific region leads the market, primarily due to the rise in coal-fired power generation. Specifically, countries like China, India, and Japan heavily depend on coal for generating electricity. The rapid industrialization, urbanization, and escalating energy needs in these nations have made coal-fired power plants a significant source of electricity. As a result, the substantial production of FGDG is a direct outcome of the high prevalence of coal-fired power generation facilities. In 2023, China, the largest global consumer and producer of coal, approved a total of 106 GW of coal-based electricity generation capacity, with 70 GW commencing construction by the end of the previous year. This development seems to contradict China's clean climate objectives, as highlighted in a report by the Centre for Research on Energy and Clean Air on Feb. 22. Furthermore, China was responsible for 95% of the global novel coal power construction activities in 2023, based on the latest annual report from Global Energy Monitor (GEM). Europe stands as the second-largest region for market growth, driven by increasing construction projects and a growing emphasis on sustainable practices.
Competitors in the FGDG market are focused on maintaining a consistent level of product quality and meeting industry standards and specifications. By emphasizing quality and reliability, suppliers can stand out and attract customers who are looking for reliable FGDG products. Companies involved in FGDG production and utilization are constantly exploring technological advancements to improve efficiency, enhance product quality, and discover new applications. By innovating in flue gas desulfurization technologies, gypsum processing methods, and utilization techniques, firms can gain a competitive edge in the market and seize new opportunities. Successfully navigating these competitive dynamics allows companies to position themselves for growth and success in the ever-changing FGDG industry.
Portland cement is a highly produced substance globally, making it one of the most manufactured materials worldwide. The cement industry on a global scale contributes to approximately 5-8% of the anthropogenic CO2 emissions, making it a significant sector that requires attention for implementing CO2-emission mitigation strategies to combat global warming.
GLOBAL FLUE GAS DESULFURIZATION GYPSUM (FGDG) MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Saint Gobain
Knauf Gips KG
NATIONAL GYPSUM PROPERTIES, LLC
Etex Group
LafargeHolcim
Yoshino Gypsum Co. Ltd.
Mada Gypsum
TTPL
Gypsemna
Supreme Gypsum Pvt. Ltd.
Gulf Gypsum Industrial
Drax Group plc
Osman Group
Georgia-Pacific Gypsum LLC
National Gypsum Company
Others