Gypsum Boards And Gypsum Plaster Market Is Booming Worldwide | Analysis And 2024 Forecast Research S
Gypsum Boards And Gypsum Plaster Market Is Booming Worldwide | Analysis And 2024 Forecast Research S ->>->>->> https://urlca.com/2sVZuE
The construction sector particularly in booming economic regions, including Asia Pacific and Middle East & Africa, has experienced exponential growth over the past couple of decades. The rise of the construction sector in these regions is largely attributed to economic growth, increasing government support, and a strong focus on modernization and infrastructure development. The growth of the construction sector is expected to have a direct impact on the overall growth of the global gypsum plaster market in the upcoming decade. Moreover, benefits offered by gypsum plaster over conventional water curing processes is one of the key factors expected to drive the gypsum plaster market during the forecast period.
Another key factor that is expected to play an influential role in driving the adoption of gypsum plaster is the environment-friendliness of the product. Gypsum plaster has emerged as a popular plastering choice among construction companies, and is increasingly being used to plaster internal surfaces. In addition, gypsum plaster offers exceptional acoustic and thermal properties due to which, the demand is expected to witness steady growth during the forecast period. Gypsum plaster is free from shrinkage cracks, fast tracks construction, and is nearly 50% lighter in weight compared to traditional sand-cement plaster. These factors are likely to propel the gypsum plaster market in the upcoming years.
At the back of these factors, along with increasing focus on research and development, the global gypsum plaster market is projected to reach ~US$ 600 Mn by the end of 2030. A surge in the number of residential and non-residential construction projects, increasing foreign direct investments, and encouraging government initiatives are anticipated to play an imperative role in fueling the demand for gypsum plaster, especially in the Asia Pacific region.
Technological advancements coupled with increasing investments in research and development have paved the way for innovative and cutting-edge engineering and construction techniques due to which, the demand for environment-friendly products, such as gypsum plaster has steadily grown. The increasing usage of special retarders and the introduction of new chemical combinations by several key players operating in the current gypsum plaster market are likely to fuel the growth of the market. In addition, surge in demand for lightweight construction materials and focus on minimizing the structural load of buildings is projected to provide an impetus for the growth of the global gypsum plaster market in the upcoming years. Market players operating in the gypsum plaster market are increasingly swaying toward upgrading their existing manufacturing infrastructure to launch high-quality gypsum plaster and minimize the production cycles to save costs. The entry of new and advanced machinery for the production of gypsum plaster is expected to play an essential role in the driving the gypsum plaster market during the assessment period.
The onset of the COVID-19 pandemic is expected to have a strong impact on the global gypsum plaster market in 2020. As the construction sector gradually recovers from the sluggish first two quarters of 2020, due to stringent lockdown measures, restrictions on transportation, etc., the demand for gypsum plaster is projected to grow at a consistent pace in the upcoming months. The decline in the number of construction projects or delays and postponement of several existing projects is a major factor projected to have a negative impact on the gypsum plaster market in 2020. However, as operations across several core industries gradually return to normalcy, a construction boom across the Asia Pacific region is anticipated, mainly in the COVID-19-free era due to which, the demand for gypsum plaster is expected to grow at a steady rate beyond the last quarter of 2020.
The global gypsum plaster market is anticipated to grow at a moderate CAGR of 3.5%, in terms of volume, during the forecast period. The market growth is largely driven by the booming construction sector in developing regions, favorable functional and physical properties of gypsum plaster over traditional cement plastering, increasing support from governments, and advancements in technology. Market players should focus on expanding their production capacity and expanding their presence in the upcoming markets to consolidate their market share.
In 2021, 212 GW of coal-fired electric generating capacity was operating in the United States utilities, most of which was built in the 1970s and 1980s. Although the coal-fired power plants have no mandatory retirement age, power plant owners and operators have reported to the Energy Information Agency (EIA) that they currently plan to retire 28%, or 59 GW, of the coal-fired capacity by 2035. As a result of continued pressure on coal generation to reduce CO2 emissions, the number of coal plants planned to retire between now and 2035 is likely to increase. There are more than 32 GW of new gas-fired power plants in the pipeline in the USA, but almost no new coal-fired power plants. Accordingly, the quantities of FGD gypsum from power plants are forecast to decline. This will also affect those plasterboard plants which were installed in the vicinity of power plants (Figure 8).
Worldwide, a total amount of 310.8 Mt/a of gypsum was used by the different industries in 2019. The cement industry accounts for about 53% of the global consumption while the wallboard industry accounts for about 29% . For 2025 and 2030 a consumption of 318.3 Mt/a and 337.9 Mt/a has been forecasted, respectively. While uncalcined gypsum will slightly decline from 2019 to 2030, calcined gypsum will significantly increase from about 130 Mt/a in 2019 to more than 164 Mt/a by 2030. Calcined gypsum is necessary for wallboard products, gypsum blocks and panels and plaster products. Uncalcined gypsum is used in the cement industry and other applications (agriculture, etc.). Due to the depletion of natural gypsum in a number of countries, the demand for synthetic gypsum will increase, despite the lower production of FGD gypsum in some established markets.
The global gypsum demand for use in other gypsum products, such as gypsum panels, blocks, plaster and floor screed is projected to increase from 55.9 Mt/a in 2019 to 72.9 Mt/a by 2030 (Figure 19). In 2020 there was a major decline by about -4.8%, mostly because of smaller production due to a lockdown of construction sites. However, already in 2021 the recovery was 3.5% and also for the next few years growth rates in the range of 3.0 to 3.4% are projected. The share of synthetic gypsum in the demand in 2019 was 23.3% or 13.0 Mt/a, of which 12.0 Mt/a or 92.3% are FGD gypsum (Figure 20). In this market segment it can also be expected that lower FDG gypsum quantities can be relatively easily balanced out by other synthetic gypsums.
Presently, gypsum and plaster boards, painted treated timber, reinforced concrete, dirt, and steel (bars, poles, and brackets) are being landfilled after segregation from the collected CDW. Landfilling of these recyclables negatively contributes (primarily) to respiratory inorganics, global warming, and non-renewable energy categories. Understandably, dirt (silt and clay) dumping releases PM2.5 that negatively contributes to respiratory inorganics by 52%, global warming by 16% due to the release of CO2-eq emissions, and non-renewable energy by 22% due to the consumption of crude oil (fuel) in the disposal process of dirt to the engineered landfill. Mixed with plasterboards and reinforced concrete, painted treated timber (a small fraction of the total CDW in Table 1) gives minor avoided impacts and commonly goes to landfills. For this reason, source segregation can help timber recycling to achieve higher economic and environmental benefits .
Dumping of reinforced concrete increases respiratory inorganics by 36%, global warming by 32%, and non-renewable energy by 20%. Similarly, gypsum and plaster boards dumping contributes to respiratory inorganics by 73%, global warming by 8.5%, and non-renewable energy by 10%, whereas dumping of painted treated timber increases 40% of respiratory inorganics and both the global warming and non-renewable energy by 25% each. Although iron and steel represent a small portion of total CDW (Figure 5), disposal of steel bars, poles, and brackets into the landfill contributes to respiratory inorganics by 37%, global warming by 23%, and non-renewable energy by 16%. Considering the end-of-life phase of buildings, the past studies reported the high significance of steel recycling for the avoided impacts of CDW management . In other words, these impacts can be mitigated through the recycling of these materials instead of the existing landfilling practice. 2b1af7f3a8