Gypsum Mining Market Characteristics
The gypsum mining market consists of sales of gypsum and its compounds by entities (organizations, sole traders and partnerships) that mine gypsum and its compounds which are used in the produce of wallboard, cement, plaster of Paris, soil conditioning, and as a hardening retarder in Portland cement.
Competitive Landscape of the Gypsum Mining Market
Major players in the global gypsum mining market include USG, Beijing New Building Materials Public Limited Company, Knauf, Boral, St Gobain.
Gypsum Mining Market Size
The gypsum mining market size is expected to reach a higher value by 2022, significantly growing at a steady CAGR during the forecast period. The growth in the gypsum mining market is due to increasing demand for mining, improving technologies and emerging markets.
However, the market for gypsum mining is expected to face certain restraints from several factors such as interest rate increases, workforce issues and safety.
Gypsum Mining Market Segmentation
The global gypsum mining market is further segmented based on type and geography.
By Type - The gypsum mining market is segmented into gypsum - construction, agricultural gypsum, others - gypsum.
By Geography - The global gypsum mining is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the South America gypsum mining market accounts the largest share in the global gypsum mining market.
Trends in the Gypsum Mining Market
3D mapping technology is being adopted by the gypsum mining companies to create digital maps of underground mines. 3-D mapping systems provide significant improvements in mine safety and automatically map and measure production, is the major trend in the gypsum mining market.
Potential Opportunities in the Gypsum Mining Market
With increase in positive economic outlook, improved earning capacity, emerging markets growth, the scope and potential for the global gypsum mining market is expected to significantly rise in the forecast period.