Europe Gypsum Market to Grow at a CAGR of 5.0% to reach US$ 680.46 Million from 2020 to 2028

The Europe gypsum market was valued at US$ 464.74 million in 2020 and is projected to reach US$ 680.46 million by 2028; it is expected to grow at a CAGR of 5.0% from 2021 to 2028.

Gypsum is a mineral with molecular formula CaSO4.2H2O that can be found in layered sedimentary deposits alongside other minerals such as halite, anhydrite, sulphur, calcite, and dolomite. It can be obtained naturally by mining or through the process of flue gas desulphurization. It is commonly used for manufacturing plasterboards or drywalls; in cement as a retarding agent; in agriculture as a soil amendment additive and fertilizer; and in other sectors such as food & beverage, pharmaceuticals, glass manufacturing, and paper manufacturing.

In 2020, rest of Europe contributed to the largest share in the Europe gypsum market. The growth of the market in rest of Europe is attributed to the well-flourished construction industry and the presence of majority of the leading players operating across the countries, such as the UK, Germany, France, Italy, and Spain. The demand for gypsum is expected to grow at a faster pace owing to rising renovation activities across the region.  Moreover, growing utilization of synthetic gypsum in manufacturing drywalls or plasterboards owing to its affordability and sustainability is also expected to drive the market growth in this region. Additionally, growing demand from various applications such as soil amendment, water treatment, food & beverages, pharmaceuticals, and paper & pulp manufacturing is also projected to fuel the market growth across the region.

As of June 2021, in Europe, the UK and Russia are amongst the worst-affected countries due to the COVID-19 outbreak. As these countries recorded the highest number of COVID-19 confirmed cases, the region is experiencing an economic damage due to a lack of revenue from numerous industries. The Europe gypsum market is restrained by the pandemic due to shortage of labor, underutilization of production capacity, restrictions on supply chain, slowdown of trade movement, and a decline in construction activities across the region. The construction sector is one of the prominent end users for gypsum market. The COVID-19 pandemic has adversely affected the construction industry across the region owing to decreased spending of consumers for construction and renovation activities, which is eventually hindering the growth of gypsum market across the region. Moreover, the market was impacted during the first wave of the outbreak, particularly in terms of temporary layoffs of labor and reduced hours. Furthermore, many companies in the market are negatively impacted in terms of manufacturing processes, sales, shipping, and customer support services, which has adversely affected the market across Europe. However, the second wave had less impact on the market, as the industry had more time to respond to new security measures. Further, with the economic planning to revive the operations, the demand for gypsum is expected to rise across the world in the coming years. As a majority of the population got vaccinated in Europe, the impact of COVID-19 outbreak is expected to drop down in future. Additionally, encouraging policies and activities by the European Union to promote green buildings and the UK government’s Ten Point Plan for Green Industrial Revolution plan would boost the growth of the construction sector across the region in coming years, which would drive the growth of Europe gypsum market during the forecast period.

Europe Gypsum Market Breakdown – by Region, 2020

Market Insights

Consistently Growing Demand from Construction Industry

Gypsum is used in the construction industry as a filler for cement and plasters to increase their strength while also reducing the concrete's setting time. FGD gypsum is a commonly used type of gypsum in the industry since it is a recyclable resource. Gypsum is also used to make decorative panels and plaster of Paris. The plaster of Paris is used to create decorative panels, constructions, and sculptures. The strong demand for these items has resulted in a boom in gypsum demand. European countries are creating and strengthening their infrastructure by enacting reforms and legislation, which drives the growth of the real estate and infrastructure industries. As a result, continued support for the expansion of the construction industry increases the demand for gypsum.

According to the European Commission, the construction industry is critical to the European economy. The industry directly employs 18 million people and accounts for roughly 9% of the EU's GDP. It also creates new jobs; boosts economic growth; and tackles social, environmental, and energy-related concerns. Gypsum is used in the construction and renovation of a wide range of structures, including both residential and nonresidential. According to Eurogypsum Corporation, around 5 million tonnes of gypsum-based plaster is used in European building interiors each year. Gypsum is in high demand in the construction industry because of its ability to create a comfortable and elegant ambience. It is used in the industry as a heat-resistant, moisture-retaining, sound-absorbing, and fire-proofing substance. Gypsum is also commonly used in ceiling and partition projects as a building decorative material. Building gypsum is used to make concrete, high-strength gypsum sticky powder, whitewashing gypsum, and various gypsum plates such as thistle and decorative gypsum boards. Gypsum and its products are used in finishing mortar, wall-surface putty, model production, anaglyphic goods, plasterboard partitions, ceilings, and other applications. Thus, the consistent growth of construction sector is driving the demand for gypsum in Europe.

Application Insights

Based on application, the Europe gypsum market is segmented into drywall, cement, agriculture, and others. In 2020, the drywall segment accounted for the largest share in the market. Drywalls are basically made of gypsum plaster that has been sandwiched between two thick layers of paper. It provides smooth texture and finish to the walls. It is utilized to make a variety of design elements, such as eaves, arches, and other architectural details. Moreover, drywall delivers acoustic and thermal comfort, as well as strength and fire resistance to buildings. Drywalls have been extensively used in the construction of residential and commercial buildings across Europe. European construction markets are expected to show a stabilizing market growth in the coming years, which would drive the demand for drywall in residential and commercial projects during the forecast period.

Europe Gypsum Market, by Application – 2020 and 2028

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Europe Gypsum Market: Strategic Insights

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A few key market players are Baumineral GmbH, Lafargeholcim, Steag GmbH, Knauf Gips KG, Saint-Gobian S.A., Torralba Group, Atlas SP. Z.o.o., Baumit, ETEX Group, and Fixit Gruppe. These companies provide wide range of gypsum-based products. They have their strong presence in developed and developing countries across Europe, which provides lucrative opportunities for the growth of the Europe gypsum market.

Report Spotlights

• Progressive industry trends in the Europe gypsum market to help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the Europe gypsum market from 2019 to 2028
• Estimation of the demand for gypsum across various industries in Europe
• PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
• Recent developments to understand the competitive market scenario and the demand for gypsum in Europe
• Market trends and outlook coupled with factors driving and restraining the growth of the Europe gypsum market
• Decision-making process by understanding strategies that underpin commercial interest with regard to Europe gypsum market growth
• Europe gypsum market size at various nodes of market
• Detailed overview and segmentation of the Europe gypsum market as well as its dynamics in the industry
• Europe gypsum market size in various regions with promising growth opportunities

Europe Gypsum Market, by Type

• Natural Gypsum
• Synthetic Gypsum

Europe Gypsum Market, by Application

• Drywall
• Cement
• Agriculture
• Others

Europe Gypsum Market, By Country

• Lithuania
• Latvia
• Poland
• Hungary
• Estonia
• Romania
• Rest of Europe

Company Profiles

• Baumineral GmbH
• Lafargeholcim
• Steag GmbH
• Knauf Gips KG
• Saint-Gobian S.A.
• Torralba Group
• Atlas SP. Z.o.o.
• Baumit
• ETEX Group
• Fixit Gruppe

Report Scope

Europe Gypsum Market Regional Insights

The regional trends and factors influencing the Europe Gypsum Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Europe Gypsum Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Europe Gypsum Market Report Scope

Europe Gypsum Market Players Density: Understanding Its Impact on Business Dynamics

The Europe Gypsum Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Europe Gypsum Market are:

1. Baumineral GmbH
2. Lafargeholcim
3. Steag GmbH
4. Knauf Gips KG
5. Saint-Gobian S.A.

Disclaimer: The companies listed above are not ranked in any particular order.