Europe Synthetic Gypsum Market to Grow at a CAGR of 4.4% to reach US$ 367.54 million from 2021 to 2027

The Europe synthetic gypsum market is expected to grow from US$ 272.45 million in 2020 to US$ 367.54 million by 2027; it is estimated to grow at a CAGR of 4.4% from 2020 to 2027.

The market for Europe includes Germany, France, Italy, the UK, Russia, and the rest of Europe. The chemical and materials industry contributes a significant share to the GDP of the region. This industry supports the growth of the economy by assisting with various materials to be used in end-use applications that result in the creation of a diversified array of business opportunities and services. The chemical and materials industry of the EU is considered a significant sector as it contributes to the country’s GDP and employs millions of people in the region. Increasing demand for synthetic gypsum in various sectors such as construction, agriculture, dental, water treatment and others influences the synthetic gypsum market in Europe.
 

In case of COVID-19, in Europe, especially France, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of synthetic gypsum manufacturing activities. Other chemical and materials manufacturing sector has subsequently impacted the demand for synthetic gypsum during the early months of 2020. Moreover, decline in the overall construction and agricultural materials manufacturing activities has led to discontinuation of synthetic gypsum manufacturing projects, thereby reducing the demand for synthetic gypsum. Similar trend was witnessed in other European countries, i.e., Russia, UK, Italy, Germany and Spain. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
 

With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe synthetic gypsum market. In the construction industry, synthetic gypsum is being used as a filler for cement and plasters to enhance their strength, alongside shortening the setting time of the concrete. FGD gypsum is a commonly used type of synthetic gypsum in the construction industry as it is a recyclable material. Synthetic gypsum is also used to make decorative panels and plaster of Paris. The plaster of Paris is used for making decorative panels, structures, and sculptures, and the high demand for the construction of these entities is leading to the surge in demand of synthetic gypsum. Governments of many developing countries are focusing on developing and improving their infrastructure by introducing reforms and regulations to help boost the real-estate and infrastructure industries. Thus, a continuous support for the proliferation of the construction industry boosts the demand for synthetic gypsum.

Europe Synthetic Gypsum Market Segmentation

Europe Synthetic Gypsum Market – By Type

• FGD Gypsum
• Fluorogypsum
• Phosphogypsum
• Citrogypusm
• Others

Europe Synthetic Gypsum Market – By Application

• Drywall
• Soil Amendment
• Cement
• Dental
• Water Treatment
• Others

Europe Synthetic Gypsum Market – By Country

• Germany
• France
• Italy
• UK
• Russia
• Rest of Europe

Europe Synthetic Gypsum Report Scope