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News Ratings agency forecasts 5% annual gypsum demand growth until 2030

Ratings agency forecasts 5% annual gypsum demand growth until 2030

Written by Global Gypsum staff
28 October 2021
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World: Market researcher Future Market Insights (FMI) has estimated that the global market for gypsum for all applications will record a compound annual growth rate (CAGR) of 5% between 2022 and 2030. FMI said that this will be due to a global rise in construction, driven by digitisation and technological advances. In order for growth to return, economic activity must first return to ‘normal’ in the wake of the Covid-19 outbreak, according to FMI.

Research agency Technavio has also given its forecast for growth in the synthetic gypsum market between 2020 and 2024. It has predicted a CAGR of 4%, with total growth of US$320m over the period.

Published in Global Gypsum News
Tagged under
  • market
  • Forecast
  • demand
  • industry40
  • construction
  • coronavirus
  • synthetic gypsum

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