Gypsum Market Size Worth USD 64.42 Billion by 2034 | CAGR: 6.2%

The gypsum market size is expected to reach USD 64.42 Billion by 2034, according to a new study by Polaris Market Research. The report “Gypsum Market Share, Size, Trends, Industry Analysis Report: By Form, By Product (Natural, Synthetic), By End User, and By Region; Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Gypsum is a widely used construction material derived from natural mineral deposits and industrial byproducts such as flue-gas desulfurization system. It is processed into products including drywalls, plasters, cement additives, and gypsum blocks for use across residential, commercial, and industrial construction.

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Market growth is primarily supported by rising adoption of energy-efficient building materials, national affordable housing initiatives, and the growing use of synthetic gypsum to reduce environmental impact and promote circular resource utilization.

Gypsum Market Report Highlights

• In terms of product, the drywalls segment dominated the market in 2024. This is fueled by its wide-scale adoption in residential and commercial interior systems.
• Based on end user, the residential segment is projected to reach significant revenue share by 2034, due to rapid housing construction growth in Asia Pacific and Latin America.
• Asia Pacific accounted for the majority share of the global gypsum market in 2024, driven by urbanization, low-cost housing programs, and regional gypsum availability.
• North America is expected to witness fastest growth during the forecast period, due to renovation demand and widespread adoption of synthetic gypsum derived from industrial emissions.
• A few global key market players include Saint-Gobain S.A., Knauf Gips KG, Etex Group, Georgia-Pacific LLC, National Gypsum Company, LafargeHolcim Ltd., Yoshino Gypsum Co., Ltd., Gypsemna Co. LLC, American Gypsum Company LLC, Shandong Baier Building Materials Co., Ltd., Gyptech, and Volma Corporation.

Polaris Market Research has segmented the market report on the basis of form, product, end user, and region:

By Form Outlook (Revenue, USD Billion, 2020–2034)

• Natural
• Synthetic

By Product Outlook (Revenue, USD Billion, 2020–2034)

• Cement
• Drywalls
• Plaster
• Soil Amendment
• Gypsum Blocks
• Others

By End User Outlook (Revenue, USD Billion, 2020–2034)

• Residential
• Commercial & Institutional
• Industrial

By Regional Outlook (Revenue, USD Billion, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Vietnam
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America