North America FGD Gypsum Market Forecast to 2030
North America FGD Gypsum Market Forecast to 2030 – Regional Analysis – by Application (Wallboard/Drywall, Cement, Agriculture, Water Treatment, and Others)
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Description
Rising Preference for Gypsum Board in Construction Industry fuel the North America FGD Gypsum Market
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. In the US, gypsum board is generally used as an indoor building material. In the US and Canada, gypsum boards are manufactured in accordance with ASTM Specification C 1396, a reference standard for all gypsum board products. This standard is to be applied whether the gypsum board consists of natural ore or synthetic 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. According to the United States Geological Survey (USGS), the quantity of 3/8 inch gypsum board sold in the US increased from 633 million square feet in 2020 to 669 million square feet in 2021. 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.
North America FGD Gypsum Market Overview
North America holds an extensive growth opportunity for the FGD gypsum market players due to its growing utilization in the end-use industries, that includes construction, agriculture, and water treatment. Synthetic gypsum especially FGD gypsum is utilized in various interior, exterior, and structural building & construction applications. The construction sector in North America is witnessing growth due to a robust economy and increased federal and state financing for commercial and institutional structures in the region. According to a report published by the US Census Bureau in 2022, the spending on residential construction in the US increased from US$ 815.48 billion in 2021 to US$ 929.67 billion in 2022. According to the US Geological Survey, synthetic gypsum accounted for ~32% of total supply of gypsum in the US, during the 4th quarter of 2021. Whereas the total consumption of synthetic gypsum accounted for 13.0 million metric tons in the US, in 2021. The demand for FGD gypsum is driven by construction activities, and production of wallboard/drywall in the region. According to the US Geological Survey, the wallboard products sold in the US accounted for 28.0 billion square feet. The production capacity of 63 operating gypsum panel manufacturing plants in the US was 34.1 billion square feet per year, in 2021. Therefore, growing construction activities, and prevalence of wallboard manufacturing facilities in the region is expected to boost the demand for FGD gypsum during the forecast period.
North America FGD Gypsum Market Revenue and Forecast to 2030 (US$ Million)
North America FGD Gypsum Market Segmentation
The North America FGD gypsum market is segmented based on application and country. Based on application, the North America 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 North America FGD gypsum market is segmented into the US, Canada, and Mexico. The US dominated the North America FGD gypsum market share in 2022.
Georgia-Pacific LLC, EP Power Minerals GmbH, Holcim Ltd, Knauf Gips KG, Compagnie de Saint-Gobain SA, American Gypsum Co LLC, and National Gypsum Co are some of the leading players operating in the North America FGD gypsum market.
Summary Info
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According to the research team’ research, the North America FGD gypsum market was valued at US$ 385.74 million in 2022 and is expected to reach US$ 518.29 million by 2030, registering a CAGR of 3.8% from 2022 to 2030. Growing construction industry and rising preference for gypsum board in construction industry are the critical factors attributed to the North America FGD gypsum market expansion.
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. According to the Gypsum Association, approximately 50% of the gypsum utilized for production of drywall panels in the US is FGD gypsum. The construction industry in various countries across the region is rapidly growing due to a rise in government investments and an increase in demand for residential construction. The construction industry is one of the significant contributors to the economy of North America. According to the Associated General Contractors of America (AGC), the US construction industry constructs structures worth US$ 1.8 trillion each year. The rise in construction activities due to the increasing population and rapidly growing commercial sector across the region are driving the construction industry in North America. In November 2021, the US government approved a US$ 1.2 trillion infrastructure bill to aid federal investments in various infrastructure projects. Also, construction spending is expected to increase by 5.5% by 2023 from 2021. Such initiatives generate demand for construction services, equipment, and materials. Hence, the rising construction industry across the region is contributing to the demand for FGD gypsum for drywall market.
On the contrary, availability of alternative materials hurdles the growth of North America FGD gypsum market.
Based on application, the North America FGD gypsum market is categorized into wallboard/drywall, cement, agriculture, water treatment, and others. The wallboard/drywall segment held 55.3% market share in 2022, amassing US$ 213.48 million. It is projected to garner US$ 294.51 million by 2030 to expand at 4.1% CAGR during 2022–2030.
Based on country, the North America FGD gypsum market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 86.6% share of North America FGD gypsum market in 2022. It was assessed at US$ 333.99 million in 2022 and is likely to hit US$ 451.75 million by 2030, exhibiting a CAGR of 3.8% during 2022–2030.
Key players operating in the North America FGD gypsum market are Georgia-Pacific LLC, EP Power Minerals GmbH, Holcim Ltd, Knauf Gips KG, Compagnie de Saint-Gobain SA, American Gypsum Co LLC, and National Gypsum Co, among others.
In Dec 2022, Georgia-Pacific LLC invested in the gypsum wallboard facility. In May 2021, EP Power Europe completed the acquisition of STEAG Power Minerals.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America FGD gypsum market.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the North America FGD gypsum market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America FGD gypsum market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1. Introduction
1.1 The Research Team 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. North America 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. North America 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 – North America Market Analysis
6.1 North America FGD Gypsum Market Revenue (US$ Million), 2022 – 2030
6.2 FGD Gypsum Market Forecast and Analysis
7. North America 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. North America FGD Gypsum Market – Country Analysis
8.1 North America
8.1.1 North America FGD Gypsum Market Overview
8.1.2 North America FGD Gypsum Market Revenue and Forecasts and Analysis – By Countries
8.1.2.1 FGD gypsum market Breakdown by Country
8.1.2.2 US FGD Gypsum Market Volume and Forecasts to 2030 (Kilo Tons)
8.1.2.3 US FGD Gypsum Market Revenue and Forecasts to 2030 (US$ Mn)
8.1.2.3.1 US FGD Gypsum Market Breakdown by Application
8.1.2.3.2 US FGD Gypsum Market Breakdown by Application
8.1.2.4 Canada FGD Gypsum Market Volume and Forecasts to 2030 (Kilo Tons)
8.1.2.5 Canada FGD Gypsum Market Revenue and Forecasts to 2030 (US$ Mn)
8.1.2.5.1 Canada FGD Gypsum Market Breakdown by Application
8.1.2.5.2 Canada FGD Gypsum Market Breakdown by Application
8.1.2.6 Mexico FGD Gypsum Market Volume and Forecasts to 2030 (Kilo Tons)
8.1.2.7 Mexico FGD Gypsum Market Revenue and Forecasts to 2030 (US$ Mn)
8.1.2.7.1 Mexico FGD Gypsum Market Breakdown by Application
8.1.2.7.2 Mexico 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 Georgia-Pacific LLC
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 EP Power Minerals 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 Compagnie de Saint Gobain SA
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 American Gypsum Co LLC
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
11.7 National Gypsum Co
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
12. Appendix
LIST OF TABLES
Table 1. North America FGD Gypsum Market Segmentation. 9
Table 2. North America FGD Gypsum Market Volume and Forecasts To 2030 (Kilo Tons)
Table 3. North America FGD Gypsum Market Revenue and Forecasts To 2030 (US$ Million)
Table 4. US FGD Gypsum Market Volume and Forecasts To 2030 (Kilo Tons) – By Application
Table 5. US FGD Gypsum Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 6. Canada FGD Gypsum Market Volume and Forecasts To 2030 (Kilo Tons) – By Application
Table 7. Canada FGD Gypsum Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 8. Mexico FGD Gypsum Market Volume and Forecasts To 2030 (Kilo Tons) – By Application
Table 9. Mexico FGD Gypsum Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
LIST OF FIGURES
Figure 1. North America FGD Gypsum Market Segmentation, By Country. 9
Figure 2. Porter’s Five Forces Analysis
Figure 3. Ecosystem: North America FGD Gypsum Market
Figure 4. North America FGD Gypsum Market – Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. North America 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. North America FGD Gypsum Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 19. North America FGD gypsum market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 20. US FGD Gypsum Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 21. US FGD Gypsum Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 22. Canada FGD Gypsum Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 23. Canada FGD Gypsum Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 24. Mexico FGD Gypsum Market Revenue and Forecasts To 2030 (Kilo Tons)
Figure 25. Mexico FGD Gypsum Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 26. Company Positioning & Concentration
Figure 27. Heat Map Analysis By Key Players
The List of Companies – North America FGD Gypsum Market
o Georgia-Pacific LLC
o EP Power Minerals GmbH
o Holcim Ltd
o Knauf Gips KG
o Compagnie de Saint-Gobain SA
o American Gypsum Co LLC
o National Gypsum Co
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