Market research organization Future Market Insights (FMI) estimates that between 2022 and 2030, the compound annual growth rate of all applied gypsum markets in the world will reach 5%. FMI stated that this would be due to the global construction industry’s growth, digitization, and technological advancement. FMI noted that economic activity must first return to “normal” after the Covid-19 outbreak to resume growth.
The research institute Technavio also forecasts the growth of the synthetic gypsum market from 2020 to 2024. It predicts a compound annual growth rate of 4%, and the total growth during this period is US$320 million.