GYPSUM MINING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Gypsum is a kind of mineral that is found in crystals and masses known as gypsum rock. Gypsum is a very soft mineral and can commonly be associated with sulfur deposits and rock salt. It can be processed and used as industrial or building plaster, in cement manufacture, prefabricated wallboard or in agriculture.

Market Dynamics:

• The rising consumption of gypsum in agriculture as it to improve the physical and chemical properties of soil drives growth of the market. It is one of the earliest forms of fertilizers used in the U.S. Moreover, gypsum is one of the most frequently used mineral for the recovery of sodic soil. Additionally, it is also one of the major component used as a synthetic soils in greenhouse, nursery, and landscape applications. These multiple uses of gypsum signify potential benefits to horticultural and agricultural users. Moreover, the report published by the Ohio state University in 2011 suggests that production of flue gas desulfurization (FGD) gypsum has gradually increased over the past few years. The report also suggested that in 2008, around 18 million tons of FGD gypsum was manufactured and around 2% of the gypsum was used in agricultural activities. Moreover, more than 60% i.e. over 10.6 million tons was utilized in the wallboard. Moreover, it is expected that the annual production of FGD gypsum will be doubled in the next 10 years.
• Gypsum is mined in around 19 states in the U.S. Iowa, Oklahoma, Nevada, California, and Texas are among the most gypsum producing states. The above states account for around 65% of annual production of gypsum in the U.S. Moreover, it is estimated that annually, over 30 million tons of gypsum is consumed in the U.S.,

Market Outlook:

• Major gypsum mining manufacturers are focusing on strategies such as product launches, mergers & acquisitions, and expanding their reach into new geographies. For instance, in June 2020, The American Gypsum, the fifth largest producer of gypsum wallboard in North America, received an approval from the Bureau of Land Management for the expansion of its gypsum mine for around 40 hectares at Eagle, Colorado. Moreover, in 2019, USG Corp. and Shaw Industries entered into a partnership agreement. The partnership aims the testing of gypsum-based underlayments for the modified installation specifications. Through this partnership, USG Corp aims to ensure that the floor covering manufacturers recognize the high standards of its products for advancing gypsum-based solutions.

Key players:

Key players operating in the global gypsum mining market include Bel-Ray, Kluber Lubrication, Vinayak Oil Industries, Vickers Oils, BECHEM, Synthlube Industries, Total Lubrifiants, and Schaeffer.

Market Taxonomy:

On the basis of product type, the global gypsum mining market is segmented into:

• Anhydrite Ore Deposits
• Fibrous Gypsum Deposits
• Common Gypsum Deposits
• Others

On the basis of application, the global gypsum mining market is segmented into:

• Construction
• Agriculture
• Cement Manufacturing
• Others

On the basis of region, the global gypsum mining market is segmented into:

• North America
  • U.S.
  • Canada
  • Mexico
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Europe
  • U.K.
  • Germany
  • Italy
  • France
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ASEAN
  • Australia
  • Rest of Asia Pacific
• Middle East
  • GCC
  • Israel
  • Rest of Middle East
• Africa
  • Northern Africa
  • Central Africa
  • South Africa