Gypsum Concrete Market - Forecasts from 2023 to 2028

The gypsum concrete market is estimated to grow at a CAGR of 5.37% during the forecast period.

Gypsum concrete is a construction and building material produced by utilizing large concentrations of gypsum, a translucent mineral sulfate with commercial uses in cement manufacture, agriculture, wallboard production, and others. Gypsum concrete is predominantly manufactured in compound concrete, fiber concrete, and concrete foam forms for different sub-flooring needs and materials such as concrete floors, wooden floors, corrugated steel deck floors, and floors with radiant heating properties. The increasing construction activities in the world's residential, commercial, and industrial sectors are promoting the consumption of gypsum concrete to facilitate the construction of eco-friendly buildings, which is expected to drive the demand for gypsum concrete over the forecast period.

The rising demand for lightweight and eco-friendly construction materials

The growing demand for lightweight and environmental-friendly construction materials and building processes are significant factors contributing to the expansion of gypsum concrete demand. A report published by the civil engineering department of the Czech Technical University revealed that the lightweight and sustainable properties of gypsum concrete are increasing its importance in the construction sector all over the world. Further, the Gypsum Board Turkey declared that the consumption of gypsum concrete in drywall components results in lowered emissions of pollutants and enhances the recyclability of drywalls. The eco-friendly benefits associated with gypsum concrete are increasing its adoption across different construction projects and companies. For instance, the Swiss Agency for Development and Cooperation recommended the adoption of a cement technology named Limestone Calcined Clay Cement, which uses an integrated gypsum concrete with few other elements to enhance the cement products consumed in future construction projects of an Indian state, Andhra Pradesh in October 2022. Hence, the demand for sustainable and lightweight materials in the construction sector is a significant factor promoting the growth of the gypsum concrete market.

The residential sector is expected to hold a substantial share of the gypsum concrete market.

The rise in residential construction projects fueled by the growing urbanization rates and disposable income levels is expected to provide an opportunity for the increase in the consumption of gypsum concrete in the residential sector. For instance, the Residential Construction Council of Ontario revealed that the Canadian government needs to construct an additional 1.5 million residential units over ten years to meet the housing requirements of its nation.

Product Offerings:

• Firm-Fill by Hacker Industries, Inc. - Hacker Industries Inc., a US-based company manufacturing and supplying construction materials in North America, produces gypsum concrete as part of its Firm-Fill product line, which consists of 7 gypsum concrete product with varying properties and applications, including the Firm-Fill Gypsum Concrete floor underlayment product made for application in multi-family residences to meet the fire safety requirements and acoustic ratings.
• Securock Brand by USG Corporation - USG Corporation, a US-based company specializing in the production of gypsum-based products, manufactures a gypsum concrete patch product as part of its Securock brand with a compression ability of approximately 500 psi to be applied across roof decks due to its non-combustible-properties.
• Gyp-Crete by MAXXON, INC. - Maxxon Inc., a US company providing flooring technologies, solutions, and products, offers six different types of gypsum concrete products with high compressive strengths under its Gyp-Crete brand for application in wooden subfloors of residential areas containing multi-family houses.

North America accounted for the major share of the gypsum concrete market owing to the abundance of gypsum production activities and the extensive consumption in the construction sector.

The availability of gypsum reserves in North America, for instance, the presence of the world's biggest gypsum mine in Canada, Nova Scotia, and other gypsum deposits contained in Mexico and the US encourage the consumption of gypsum in concrete and cement manufacturing processes by companies. For instance, the United States Gypsum Corporation is a leading company dedicated to producing gypsum-based construction products in the region. The presence of such major companies in the US is resulting in the high consumption of gypsum concrete in the construction sector. In addition, the standardization of gypsum concrete production due to the specification released by the American Society for Testing and Materials International Organization based on the guidelines provided by the WTO is regulating the production and enhancing the quality of gypsum concrete products released in the region leading to an increase in its consumption by consumers.

Further, the Asia Pacific region is anticipated to witness gradual growth in its gypsum concrete market due to the rising construction activities in Asian countries. For instance, the Government of Indonesia announced an investment of US$430 billion to boost its infrastructure and construction sector in 2021. Further, the Indian Government introduced a new Pradhan Mantri Awas Yojana scheme, which aimed to construct two crore houses in the country by 2022. In addition, the discovery of new gypsum deposits in the country offers an opportunity for concrete manufacturing companies to use gypsum in their products. For instance, in May 2022, the geological survey conducted by the government of India in Himachal Pradesh led to the discovery of gypsum deposits in the area. Therefore, the rising construction activities and the discovery of gypsum deposits in the region provide an opportunity to expand the gypsum concrete market by encouraging the use of gypsum to produce concrete by cement manufacturers in the region.

Market Segmentation:

By Product Type

• Gypsum Compound Concrete
• Gypsum Fiber Concrete
• Gypsum Foam Concrete
• Others

By Sub-Floor Type

• Radiant Heating
• Wooden Floor
• Concrete Floor
• Corrugated Steel Deck Floor
• Others

By Application

• Residential
• Commercial
• Industrial

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• France
• United Kingdom
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• China
• Japan
• India
• South Korea
• Indonesia
• Thailand
• Taiwan
• Others