Gypsum Recycling Market 2022

Industry Size, Regions, Emerging Trends, Growth Insights, Opportunities, and Forecast By 2030

Gypsum Recycling Market by Waste Generation (Manufacturing, Reconstruction, Construction, and Other), by End-Use (Soil amendment, Wastewater Treatment, Cement Additive, Roadways, and Other End-Use), by Region – Global Share and Forecast to 2030

Region: Global | Format: Word, PPT, Excel | Report Status: Ongoing

Description

The global gypsum recycling market size is projected to register a CAGR of 7.2% from 2022 to 2030. Gypsum is mostly utilized as a plaster in the construction and building sector. The global market for gypsum recycling is expected to provide enormous development potential, particularly for manufacturers. Gypsum waste disposal, common on building sites, releases various toxic gases that foul odor and damage the environment. In addition, it emits a substance known as sulfur dioxide, which contributes to acid rain. Hence, manufacturers must recycle gypsum through effective management programs. Gypsum recycling also helps reduce power consumption and low emissions, which further attracts huge manufacturers to adopt the recycling process.

One of the major factors driving the growth of the gypsum recycling market is the rising demand for eco-friendly recycling techniques coupled with the adoption of strict government regulations on harmful waste. Recycled gypsum is extensively used to manufacture fresh plasterboards that minimize transportation cost, energy, and novel raw materials. Additionally, the recycled gypsum risen from construction places enhances its applicability and water penetration.

However, when it comes to separating hazardous waste and treating recyclable materials, recycling companies face technological challenges from time to time. The gypsum recycling market is expected to grow slowly in the coming years due to high transportation costs and rewarding fees. Even so, continuing initiatives in R&D, as well as management of landfill taxes and handling of rewarding fees, are being implemented. These activities are expected to provide opportunities for growth and a global surge in the gypsum recycling market in the forecast period.

Global Gypsum Recycling Market Dynamics

Drivers: Rise in demand for recycled gypsum from various end-use industries

Recycled gypsum has numerous applications, including soil amendment, wastewater treatment, cement additive, highways, and construction and building. This, in turn, is expected to fuel demand for the gypsum recycling market throughout the forecast period. Moreover, growing end-use industries worldwide will create tremendous demand for recycled gypsum. For instance, the surge in the construction sector and government initiatives for developing highways will significantly influence the market's growth.

Restraints: Technological challenges and high recycling costs

Recycling organizations may face technological obstacles when segregating hazardous garbage and handling recyclable materials. Moreover, high transportation expenses and remuneration fees are expected to impede the expansion of the gypsum recycling business in the future years.

Scope of the Report

The study categorizes the gypsum recycling market based on waste generation and end-use at the regional and global levels.

By Waste Generation Outlook (Revenue, USD Million, 2017-2030)

  • Manufacturing
  • Reconstruction
  • Construction
  • Other

In 2021, the construction segment by waste generation was accounted for the largest market share in the global market of gypsum recycling.

By End-Use Outlook (Revenue, USD Million, 2017-2030)

  • Soil amendment
  • Wastewater treatment
  • Cement additive
  • Roadways
  • Other End-Use

In the global gypsum recycling market, Cement additives by end-use had the largest market share in 2021.

By Region Outlook (Revenue, USD Million, 2017-2030)

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Asia Pacific is expected to have the highest CAGR in the global gypsum recycling market. China, India, Japan, South Korea, Australia, Southeast Asia, and the Rest of Asia-Pacific are all part of the region. During the forecast period, India and China are expected to grow faster. Construction and architectural activities in residential buildings are increasing as disposable income rises.

Key Market Players

The gypsum recycling market is mildly concentrated in nature with few numbers global players operating in the market such as New West Gypsum Recycling Limited, Saint-Gobain Construction Products UK Limited, Agri Marketing, Inc., EGRS Ltd, and FEECO International, Inc. These key players are envisioned to stay at the top of the global gypsum recycling market. Every company follows its business strategy to attain the maximum market share.

Recent Developments

  • In December 2021, Saint-Gobain installed its recycling technology at the gypsum wallboard plant in Silver Grove, Kentucky, through its building products subsidiary CertainTeed. This installation of recycling technology will allow the company to reduce their waste and reduce the production costs in Silver Grove while also empowering companies to increase the efficiency of natural resources.
  • In March 2021, National Gypsum Company, the exclusive service provider of reliable, high-performance building products manufactured by its affiliate companies and marketed under the Gold Bond, PermaBASE, and ProForm brands, has launched a multi-website platform that gives architects, contractors, remodelers, distributors, homeowners, and other visitors an unrivaled user experience.

Key Issues Addressed

  • What is the market size by various segmentation of the gypsum recycling by region and its respective countries?
  • What are the customer buying behavior, key takeaways, and Porter's five forces of the gypsum recycling market?
  • What are the key opportunities and trends for manufacturers involved in the gypsum recycling supply chain?
  • What are the market's fundamental dynamics (drivers, restraints, opportunities, and challenges)?
  • How are regulations, schemes, patents, and policies impacting the market's growth?
  • What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
  • The market player positioning, top winning strategies by years, company product developments, and launches will be?
  • How has COVID-19 impacted the global market's demand and sales of gypsum recycling? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
  • Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.

Frequently Asked Questions

  • Key Issues Addressed
  • What is the market size and growth rate for different segmentations at a global, regional, & country level?
  • What is the customer buying behavior, key takeaways, and Porter's 5 forces of the market?
  • What are the key opportunities and trends for manufacturers involved in the supply chain?
  • What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
  • What and how regulations, schemes, patents, and policies are impacting the growth of the market?
  • How will existing companies adapt to the new change in technology?
  • The market player positioning, top winning strategies by years, company product developments, and launches will be?
  • How has COVID-19 impacted the demand and sales of in the market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
  • Who are the leading companies operating in the market? Also, who are the prominent startups that disrupt the market in coming years?
  • PUBLISHED ON: MARCH, 2024
  • BASE YEAR: 2023
  • FORECAST PERIOD: 2024-2033
  • STUDY PERIOD: 2019 - 2033
  • COMPANIES COVERED: 15
  • COUNTRIES COVERED: 24
  • NO OF PAGES: 163

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