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Gypsum Concrete Market is forecast to reach $80.23 billion by 2025, after growing at a CAGR of 11.90% during 2020-2025. Gypsum concrete, the building material presently finding extensive usage for use as floor underlayment in concrete and wood-frame constructions owing to its radiant heating, fire resistant and sound reduction, light-weight nature, is rapidly becoming the preferred choice of architects due to which gypsum concrete market is expected to grow during the forecast period.
Report Coverage
The report: “Gypsum Concrete Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Gypsum Concrete Market Industry.
Key Takeaways
· The ease of levelling, compression strength equal to that of regular concrete and better adhesion with the sub-floor are working in favor of gypsum concrete which is driving the usage of gypsum concrete.
· North America stands to be the largest market for gypsum concrete, in terms of consumption. However, regions like Asia-Pacific and Europe are expected to register significant growth over the forecast period.
· The growing emphasis on environment-friendly construction (LEED ratings) is expected to be major growth opportunity for the gypsum concrete market.
By Product Type - Segment Analysis
By product types, market is segmented into gypsum compound concrete, gypsum fiber concrete, gypsum foam concrete, and others. Gypsum Compound Concrete segment held a significant share in gypsum concrete market in 2019. During the cement manufacturing process, upon the cooling of clinker, a small amount of gypsum is introduced during the final grinding process. Gypsum based compounds are used to smooth plaster boards, concrete walls or ceilings. They are applied in thin layers and provide a very smooth and decorative surface, which can be then painted.
By Sub Floor Type - Segment Analysis
Concrete floor segment held a significant share in gypsum concrete market in 2019. Gypsum concrete is a building material used as a floor underlayment used in wood-frame and concrete construction for sound reduction, fire ratings, radiant heating, and floor leveling. Gypsum concrete floor was introduced with underlayment with strengths equal, or superior to, lightweight cellular concrete.
By Application - Segment Analysis
Residential construction segment held a significant share in gypsum concrete market in 2019 growing at a CAGR of 12.01% during the forecast period. In residential construction, sound transmission has become an important consideration, along with structural design due to increasing trend of high-rise housing towers, along with basement parking. Due to closely attached residential flats in high-rise housing towers, sound-proof and heat insulating material are widely suitable. Therefore, while gypsum concrete exhibits such required properties, it is widely suitable for use in residential construction.
Geography- Segment Analysis
North America dominated the gypsum concrete market
with a share of more than 48%, followed by APAC and Europe. With growing
investments and the construction activities in the region, the demand for
gypsum concrete is projected to grow during the forecast period. The
construction industry in the United States continued to expand, owing to a
strong economy and positive market fundamentals for commercial real estate,
along with an increase in federal and state funding for public works and
institutional buildings.
The US residential sector’s growth is
slower than the non-residential sector. In the country, the growing population
is expected to boost the demand for housing. Furthermore, about 20 million
households are projected to be constructed over the next decade. The US
commercial construction sector is expected to witness growth in the next few
years. Single?family housing units and building with five units or more are at
a rate of 866,000 and 509,000 respectively.
Drivers – Gypsum Concrete Market
·
Superior
characteristics of gypsum concrete
The market is chiefly driven owing to the superior characteristics of gypsum concrete structures, the rising demand for sound reducing construction structures in lightweight construction projects, and the increased demand for underfloor heating systems. The concrete still finds primary usage in residential and commercial concrete and wood-frame construction projects for floor underlayment.
Challenges – Gypsum Concrete Market
·
Limited to North America
region
Despite providing vast advantages to
builders as well as residents in a construction structure, the usage of gypsum
concrete is still vastly limited to countries in North America, especially the
U.S. Thus, the overall growth prospects of the market are largely dependent on
the growth dynamics of the North America construction industry, which has
witnessed slow growth in the past few years.
Market Landscape
Technology launches, acquisitions
and R&D activities are key strategies adopted by players in the gypsum concrete market. In 2019, the market of gypsum concrete has been consolidated by the top five players
accounting for xx% of the share. Major players in the gypsum
concrete market are Warmboard, Hacker Industries, Janes Gypsum Floors, Maxxon
Corporation, Formglas, Harrison Gypsum, USG Corporation, Ardex Group, Mapei, PT
Siam-Indo Gypsum Industry, AccuCrete, Formglas Products and Taishan Gypsum among
others.
Geographical
Expansion
Ø In December 2019, PT Siam-Indo Gypsum Industry installed Gebr. Pfeiffer gypsum calcining mill in Indonesia. The Gebr. Pfeiffer gypsum calcining mill will allow the plant to grind, dry, classify and calcine its gypsum in one machine; these mills are operating successfully around the world.