The gypsum mining market involves the extraction and processing of gypsum rock and deposit into refined products such as plaster, stucco and cement. Gypsum finds extensive use in construction applications such as wallboards and plasters owing to its fire resistance and sound insulation properties. Rising global urbanization and infrastructure development has significantly boosted demand for construction materials including gypsum.
The Global Gypsum Mining Market is estimated to be valued at US$ 159.96 Bn in 2024 and is expected to exhibit a CAGR of 18% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the gypsum mining are Boiron, Heel, Schwabe Group, Dolisos, Nelsons, Weleda, SBL Homeopathy, Hahnemann Laboratories, Inc., Reckeweg, Helios Homeopathy, Ainsworths, Pekana, WHP (Washington Homeopathic Products), Hyland's Homeopathic, Hapé Homeopathic Pharmacy. Key players are focusing oncapacity expansions and acquisitions to cater to the rising gypsum demand globally.
The growing construction activities especially in the emerging economies of Asia and South America is a key factor driving the gypsum mining market. Rapid urbanization, increasing investments in infrastructure development and housing projects are boosting the consumption of gypsum-based materials.
Technological advancements in Gypsum Mining Market Size and milling processes have allowed market players to enhance resource utilization and optimize output. Introduction of autonomous drilling and hauling equipment has improved mining efficiency. Advanced milling facilities with higher throughput are helping companies to scale up production volumes.
Market Trends
Sustainability practices in the gypsum mining industry are growing in prominence with companies focusing on reduced energy and water usage. Solar, wind and other renewable technologies are being increasingly adopted for powering mining operations. Recycling of gypsum waste from construction and demolition sites is also helping promote circular economy.
Rising demand for specialty plaster and wallboard products is opening new avenues for gypsum mining companies. Products with moisture resistance, fire resistance, mold inhibition are witnessing high demand. Miners are enhancing their product portfolio to tap opportunities in high-value specialty segments.
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