Asia Pacific FGD Gypsum Market Forecast to 2030

Asia Pacific FGD Gypsum Market Forecast to 2030 – Regional Analysis – by Application (Wallboard/Drywall, Cement, Agriculture, Water Treatment, and Others)

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Description

The Asia Pacific FGD gypsum market was valued at US$ 1,320.71 million in 2022 and is expected to reach US$ 1,906.18 million by 2030; it is estimated to grow at a CAGR of 4.7% from 2022 to 2030.

Growing Construction Industry fuel the Asia Pacific FGD Gypsum Market

Gypsum is used in the construction industry as a filler for cement and plasters to increase their strength while reducing the setting time of concrete. FGD gypsum is a synthetic gypsum highly preferred due to its low life cycle impact compared to natural gypsum, FGD gypsum is also used to make decorative panels, drywall panels, wallboard, and gypsum board. The rising demand for these panels in the construction industry bolsters the demand for gypsum. The governments and regulatory authorities in Asia Pacific are focusing on additional infrastructure investment. In India, the growth in construction activities is driven by growing industrialization, increasing population, rising middle-class income, and increasing infrastructure development. According to the National Investment Promotion & Facilitation Agency (India), the Indian construction industry is projected to reach US$ 1.4 trillion by 2025. Moreover, in India, government initiatives such as Housing for All, Smart Cities Mission, and Swachh Bharat Abhiyan boost the demand for building materials. Thus, the growing construction activities in various countries across the region create an enormous demand for various construction materials, including drywall panels. Hence, the rising construction industry across the region is contributing to the demand for FGD gypsum for drywall market.

Asia Pacific FGD Gypsum Market Overview

Asia Pacific accounts for major consumer of coal for power plants, driven by government policies and changes in economic activity. According to the report published by International Energy Agency in 2022, Chinese power sector accounts for one-third of global coal consumption, which grew significantly in 2021 due to increase in electricity demand. Moreover, Southeast Asian countries such as Indonesia and Vietnam planned to expand coal-based power. According to Indonesia Ministry of Energy and Mineral Resources, Electricity Supply Business Plan (RUPTL) 2019-2028, Indonesia planned to expand coal power capacity by 27 Gigawatts (GW). Nonetheless, stringent government regulations pertaining coal power plant emissions have prompted coal power plants to install Flue Gas Desulfurization (FGD) system, to convert flue gases generated by power plants into FGD gypsum. Chinese government implemented series of policies such as on-grid tariff premium and operational priority for power plants with scrubbers, to promote installation of FGD system. According to the Federation of Indian Chambers of Commerce & Industry (FICCI), Central Electricity Authority (CEA) drafted a plan for phased implementation of FGD system at power plants. In 2021, FGD system was installed at the 1,340 Megawatts NTPC (National Thermal Power Corporation) coal-power plant. Further, as per International Trade Administration, total investment in China’s infrastructure during the 14th Five-Year Plan period (2021-2025) is estimated to reach ~US$ 4.2 trillion. Therefore, the fostering FGD gypsum production capacities, and growing construction industry in the Asia Pacific is projected to boost the demand for FGD gypsum during the forecast period.

Asia Pacific FGD Gypsum Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific FGD Gypsum Market Segmentation

The Asia Pacific FGD gypsum market is segmented based on application and country. Based on application, the Asia Pacific FGD gypsum market is segmented into wallboard/drywall, cement, agriculture, water treatment, and others. The wallboard/drywall segment held the largest market share in 2022.

Based on country, the Asia Pacific FGD gypsum market is segmented into Australia, China, Japan, India, South Korea, the Rest of Asia Pacific. China dominated the Asia Pacific FGD gypsum market share in 2022.

EP Power Minerals GmbH, CASEA GmbH, Holcim Ltd, Knauf Gips KG, Travancore Titanium Products Ltd, and Compagnie de Saint-Gobain SA are some of the leading players operating in the Asia Pacific FGD gypsum market.

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At 4.7% CAGR, the Asia Pacific FGD Gypsum Market is Speculated to be worth US$ 1,906.18 million by 2030, saysthe research team

According tothe research team’ research, the Asia Pacific FGD gypsum market was valued at US$ 1,320.71 million in 2022 and is expected to reach US$ 1,906.18 million by 2030, registering a CAGR of 4.7% from 2022 to 2030. Growing construction industry and rising preference for gypsum board in construction industry are the critical factors attributed to the Asia Pacific FGD gypsum market expansion.

A gypsum board, also known as a drywall panel, is preferred over plaster since it is easier to install and repair, less expensive, and more durable. It takes less time to mount and is also widely available. Fire-resistant properties and feasibility of utilization are common factors increasing the use of gypsum in residential and nonresidential construction activities. Gypsum boards are widely used as a substitute for wooden panels and concrete walls in modern buildings and interiors, as they can be installed easily and quickly. Gypsum boards also contain recycled content such as Flue Gas Desulfurization (FGD) gypsum. FGD gypsum boards are extensively used as a finishing material in the construction of modern buildings—mainly for ceilings, partitions, and interior walls. Also, they are lightweight, flexible to use, cost-effective, and durable. These panels are available in different colors and varieties such as regular, green board, blue board, purple, paperless, type X fire-resistant, and soundproof drywall, which helps add desirable and luxurious aesthetics to the interiors of a building. In addition, drywall panels comply with all the requirements for design in architecture, thus preferred over other construction materials. The rising preference and utilization of gypsum boards in residential, commercial, industrial, and utility spaces, owing to their advantages such as low cost, ease of installation, fire resistance, non-toxicity, sound attenuation, and availability is contributing to the FGD gypsum for drywall market growth.

On the contrary, availability of alternative materials hurdles the growth of Asia Pacific FGD gypsum market.

Based on application, the Asia Pacific FGD gypsum market is categorized into wallboard/drywall, cement, agriculture, water treatment, and others. The wallboard/drywall segment held 52.6% market share in 2022, amassing US$ 694.34 million. It is projected to garner US$ 1,027.74 million by 2030 to expand at 5.0% CAGR during 2022–2030.

Based on country, the Asia Pacific FGD gypsum market has been categorized into Australia, China, Japan, India, South Korea, the Rest of Asia Pacific. Our regional analysis states that China captured 64.5% share of Asia Pacific FGD gypsum market in 2022. It was assessed at US$ 851.24 million in 2022 and is likely to hit US$ 1,260.63 million by 2030, exhibiting a CAGR of 5.0% during 2022-2030.

Key players operating in the Asia Pacific FGD gypsum market are EP Power Minerals GmbH, CASEA GmbH, Holcim Ltd, Knauf Gips KG, Travancore Titanium Products Ltd, and Compagnie de Saint-Gobain SA, among others.

In May 2021, EP Power Europe completed the acquisition of STEAG Power Minerals. In Jan 2021, Compagnie de Saint Gobain SA, Placo launched a laminated gypsum wallboard product.

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TABLE OF CONTENTS

1. Introduction
1.1 Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific FGD Gypsum Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
5. Asia Pacific FGD Gypsum Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Growing Construction Industry
5.1.2 Rising Preference for Gypsum Board in Construction Industry
5.2 Market Restraints
5.2.1 Availability of Alternative Materials
5.2.2 Gradual Phase-Out of Coal-Fired Power Plants
5.3 Market Opportunities
5.3.1 Circular Economy and Waste Management
5.4 Future Trends
5.4.1 Product Innovation Pertaining FGD Gypsum
5.5 Impact of Drivers and Restraints:
6. FGD Gypsum Market – Asia Pacific Market Analysis
6.1 Asia Pacific FGD Gypsum Market Revenue (US$ Million), 2022 – 2030
6.2 FGD Gypsum Market Forecast and Analysis
7. Asia Pacific FGD Gypsum Market Analysis – Application
7.1 FGD Gypsum Market, by Application (2022 and 2030)
7.2 Wallboard/Drywall
7.2.1 Overview
7.2.2 Wallboard/Drywall Market – Volume and Forecast to 2030 (Kilo Tons)
7.2.3 Wallboard/Drywall Market – Revenue and Forecasts to 2030 (US$ Million)
7.3 Cement
7.3.1 Overview
7.3.2 Cement Market – Volume and Forecast to 2030 (Kilo Tons)
7.3.3 Cement Market – Revenue and Forecasts to 2030 (US$ Million)
7.4 Agriculture
7.4.1 Overview
7.4.2 Agriculture Market – Volume and Forecast to 2030 (Kilo Tons)
7.4.3 Agriculture Market – Revenue and Forecasts to 2030 (US$ Million)
7.5 Water Treatment
7.5.1 Overview
7.5.2 Water Treatment Market – Volume and Forecast to 2030 (Kilo Tons)
7.5.3 Water Treatment Market – Revenue and Forecasts to 2030 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others Market Volume and Forecast to 2030 (Kilo Tons)
7.6.3 Others Market Revenue and Forecasts to 2030 (US$ Million)
8. Asia Pacific FGD Gypsum Market – Country Analysis
8.1 Asia Pacific
8.1.1 Overview
8.1.2 Asia Pacific FGD Gypsum Market Breakdown by Country
8.1.2.1 FGD gypsum market Breakdown by Country
8.1.2.2 Australia FGD Gypsum Market Volume and Forecasts To 2030 (Kilo Tons)
8.1.2.3 Australia FGD Gypsum Market Revenue and Forecasts To 2030 (US$ Million)
8.1.2.3.1 Australia FGD Gypsum Market Breakdown by Application
8.1.2.3.2 Australia FGD Gypsum Market Breakdown by Application
8.1.2.4 China FGD Gypsum Market Volume and Forecasts To 2030 (Kilo Tons)
8.1.2.5 China FGD Gypsum Market Revenue and Forecasts To 2030 (US$ Million)
8.1.2.5.1 China FGD Gypsum Market Breakdown by Application
8.1.2.5.2 China FGD Gypsum Market Breakdown by Application
8.1.2.6 India FGD Gypsum Market Volume and Forecasts To 2030 (Kilo Tons)
8.1.2.7 India FGD Gypsum Market Revenue and Forecasts To 2030 (US$ Million)
8.1.2.7.1 India FGD Gypsum Market Breakdown by Application
8.1.2.7.2 India FGD Gypsum Market Breakdown by Application
8.1.2.8 Japan FGD Gypsum Market Volume and Forecasts To 2030 (Kilo Tons)
8.1.2.9 Japan FGD Gypsum Market Revenue and Forecasts To 2030 (US$ Million)
8.1.2.9.1 Japan FGD Gypsum Market Breakdown by Application
8.1.2.9.2 Japan FGD Gypsum Market Breakdown by Application
8.1.2.10 South Korea FGD Gypsum Market Volume and Forecasts To 2030 (Kilo Tons)
8.1.2.11 South Korea FGD Gypsum Market Revenue and Forecasts To 2030 (US$ Million)
8.1.2.11.1 South Korea FGD Gypsum Market Breakdown by Application
8.1.2.11.2 South Korea FGD Gypsum Market Breakdown by Application
8.1.2.12 Rest of Asia Pacific FGD Gypsum Market Volume and Forecasts To 2030 (Kilo Tons)
8.1.2.13 Rest of Asia Pacific FGD Gypsum Market Revenue and Forecasts To 2030 (US$ Million)
8.1.2.13.1 Rest of Asia Pacific FGD Gypsum Market Breakdown by Application
8.1.2.13.2 Rest of Asia Pacific FGD Gypsum Market Breakdown by Application
9. Competitive Landscape
9.1 Heat Map Analysis By Key Players
9.2 Company Positioning & Concentration
10. FGD Gypsum Market Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
10.4 Merger and Acquisition
11. Company Profiles
11.1 EP Power Minerals GmbH
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 CASEA GmbH
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Holcim Ltd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Knauf Gips KG
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Travancore Titanium Products Ltd
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Compagnie de Saint Gobain SA
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
12. Appendix

LIST OF TABLES

Table 1. Asia Pacific FGD Gypsum Market Segmentation
Table 2. Asia Pacific FGD Gypsum Market Volume and Forecasts To 2030 (Kilo Tons)
Table 3. Asia Pacific FGD Gypsum Market Revenue and Forecasts To 2030 (US$ Million)
Table 4. Australia FGD Gypsum Market Volume and Forecasts To 2030 (Kilo Tons) – Application
Table 5. Australia FGD Gypsum Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 6. China FGD Gypsum Market Volume and Forecasts To 2030 (Kilo Tons) – Application
Table 7. China FGD Gypsum Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 8. India FGD Gypsum Market Volume and Forecasts To 2030 (Kilo Tons) – Application
Table 9. India FGD Gypsum Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 10. Japan FGD Gypsum Market Volume and Forecasts To 2030 (Kilo Tons) – Application
Table 11. Japan FGD Gypsum Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 12. South Korea FGD Gypsum Market Volume and Forecasts To 2030 (Kilo Tons) – Application
Table 13. South Korea FGD Gypsum Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 14. Rest of Asia Pacific FGD Gypsum Market Volume and Forecasts To 2030 (Kilo Tons) – Application
Table 15. Rest of Asia Pacific FGD Gypsum Market Revenue and Forecasts To 2030 (US$ Million) – Application

LIST OF FIGURES

Figure 1. Asia Pacific FGD Gypsum Market Segmentation, By Country
Figure 2. Porter’s Five Forces Analysis
Figure 3. Ecosystem: Asia Pacific FGD Gypsum Market
Figure 4. Asia Pacific FGD Gypsum Market – Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Asia Pacific FGD Gypsum Market Revenue (US$ Million), 2022 – 2030
Figure 7. FGD Gypsum Market Share (%) – Application, 2022 and 2030
Figure 8. Wallboard/Drywall Market – Volume and Forecasts to 2030 (Kilo Tons)
Figure 9. Wallboard/Drywall Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Cement Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 11. Cement Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Agriculture Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 13. Agriculture Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Water Treatment Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 15. Water Treatment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Others Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 17. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Asia Pacific FGD Gypsum Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 19. Asia Pacific FGD Gypsum Market Breakdown By Key Countries, 2022 And 2030 (%)
Figure 20. Australia FGD Gypsum Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 21. Australia FGD Gypsum Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22. China FGD Gypsum Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 23. China FGD Gypsum Market Revenue and Forecasts To 2030 (US$ Million)
Figure 24. India FGD Gypsum Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 25. India FGD Gypsum Market Revenue and Forecasts To 2030 (US$ Million)
Figure 26. Japan FGD Gypsum Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 27. Japan FGD Gypsum Market Revenue and Forecasts To 2030 (US$ Million)
Figure 28. South Korea FGD Gypsum Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 29. South Korea FGD Gypsum Market Revenue and Forecasts To 2030 (US$ Million)
Figure 30. Rest of Asia Pacific FGD Gypsum Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 31. Rest of Asia Pacific FGD Gypsum Market Revenue and Forecasts To 2030 (US$ Million)
Figure 32. Company Positioning & Concentration
Figure 33. Heat Map Analysis By Key Players

The List of Companies – Asia Pacific FGD Gypsum Market

– EP Power Minerals GmbH
– CASEA GmbH
– Holcim Ltd
– Knauf Gips KG
– Travancore Titanium Products Ltd
– Compagnie de Saint-Gobain SA

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