PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1447033
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1447033
According to Stratistics MRC, the Global Flue Gas Desulfurization (FGD) Gypsum is accounted for $852.9 million in 2023 and is expected to reach $1258.2 million by 2030 growing at a CAGR of 5.7% during the forecast period. Flue Gas Desulfurization (FGD) Gypsum is a byproduct of the process used to remove sulfur dioxide emissions from flue gas generated by industrial facilities, particularly power plants burning coal or oil. During this, sulfur dioxide is scrubbed from the flue gas using a chemical reaction, producing a slurry containing calcium sulfite and calcium sulfate. This slurry is then oxidized to form FGD Gypsum, a fine powder rich in calcium sulfate dihydrate.
According to the US Geological Survey, synthetic gypsum accounted for ~32% of the total supply of gypsum in the US during the fourth quarter of 2021. According to the global energy monitor, 74,412 MW of new coal plants were established in 2019, up 45.2% from 2018.
Increasing coal-fired power generation
With environmental regulations emphasizing emission control, these systems are increasingly adopted to reduce sulfur dioxide emissions. This surge in installations generates a significant supply of gypsum as a byproduct. The gypsum market benefits from this abundance, which finds applications in construction, agriculture, and manufacturing sectors. This trend underscores the interplay between energy production, environmental policies, and material markets. This is the factor propelling the growth of the market.
Availability of alternatives
Natural gypsum serves as a primary alternative to FGD gypsum in several applications. Depending on factors such as price and availability, industries may opt for natural gypsum over FGD gypsum, impacting market growth. While this is a widely used material for sulfur removal in power plants, alternative methods such as wet limestone scrubbing and seawater scrubbing offer competing sulfur removal options. These alternatives often pose lower costs or environmental benefits, limiting the expansion of the market.
Increasing awareness of waste management
Increasing awareness of waste management in the Fmarket is paramount. FGD gypsum, a byproduct of coal power plants, requires sustainable disposal methods to mitigate environmental impacts. Promoting recycling and reusing strategies can reduce landfill burdens and promote circular economy principles. Moreover, educating stakeholders about the benefits of FGD gypsum reuse in various industries like construction can foster a more sustainable approach towards waste management and resource utilization.
High installation and maintenance costs
The market faces significant challenges due to high installation and maintenance costs. These expenses are primarily attributed to the complex technology involved in systems, requiring substantial initial investment for installation and ongoing maintenance. Additionally, specialized equipment and skilled personnel are necessary for effective operation, further adding to the overall costs. These financial barriers often deter potential market entrants and pose challenges for existing players in the industry.
The COVID-19 pandemic disrupted the Flue Gas Desulfurization (FGD) Gypsum market significantly. With industrial shutdowns and reduced manufacturing activities, demand for FGD gypsum, primarily used in construction and agriculture, experienced a downturn. Supply chain disruptions and logistical challenges further exacerbated the market's challenges. However, increased environmental regulations and the gradual recovery of industrial activities have started to revive the market, albeit at a slower pace, as companies adjust to the new normal of operation amidst ongoing pandemic concerns.
The water treatment segment is expected to be the largest during the forecast period
The water treatment segment is expected to be the largest during the forecast period. Water treatment in flue gas desulfurization (FGD) gypsum involves managing the byproduct's high levels of dissolved solids and heavy metals, which can be environmentally harmful if not properly handled. Various methods such as filtration, chemical precipitation, and ion exchange are utilized to remove impurities and ensure compliance with regulatory standards.
The agriculture segment is expected to have the highest CAGR during the forecast period
The agriculture segment is expected to have the highest CAGR during the forecast period due to its role as a soil amendment. It offers significant benefits such as improved soil structure, enhanced water retention, and increased crop yields. Its ability to reduce soil acidity and provide essential nutrients like calcium makes it a valuable resource for sustainable agriculture practices, driving its adoption among farmers worldwide.
North America is projected to hold the largest market share during the forecast period. The growth is driven by environmental regulations mandating emissions reduction from industrial processes. FGD gypsum is utilized in various industries such as construction, agriculture, and cement production due to its properties as a sulfur and calcium source. With increasing emphasis on sustainable practices, the demand for FGD gypsum as a substitute for mined gypsum is expected to rise steadily across the region.
Asia Pacific is projected to hold the highest CAGR over the forecast period due to stringent environmental regulations driving the adoption of FGD systems in power plants. FGD gypsum finds extensive usage in construction materials, agriculture, and cement production. Growing construction activities, coupled with increasing awareness regarding sustainable practices, are further propelling market expansion across the region.
Key players in the market
Some of the key players in Flue Gas Desulfurization (FGD) Gypsum market include Saint Gobain, Etex Group, GE Power India Limited, American Gypsum, Duke Energy Corporation, Tata Projects, National Gypsum Company, Delta Gypsum, Gyptec Iberica, Knauf Gips, Weyerhaeuser, USG Corporation, Chiyoda Corporation, Innogyps Inc. and DUCON Infratechnologies Ltd.
In January 2022, GE will reduce emissions at Anuppur Thermal Power Plant by 51000 tons of SO2. As part of our collaboration, Apollo International Limited will be providing power to MB Power (Madhya Pradesh) Ltd. General Electric (GE), the power producer, will design the entire Wet Flue Gas Desulfurization (WFGD) system for the 2X600 MW Anuppur Thermal Power Plant in Madhya Pradesh along with supplying key components.
In January 2022, Ducon Infratechnologies Limited, India's leading fossil fuel clean technology company, announced that it would provide its coal clean technology, FGD for a 2*600 MW FGD package for Singareni Thermal Power Plant, Stage-1, in the Telangana region, which was awarded to an EPC company with which Ducon is partnered.