Gypsum resources are abundant and widely distributed in the world. Gypsum reserves have been explored in more than 100 countries and regions. According to the statistics of the United States Geological Survey, the countries with high resources and rich reserves mainly include: Russia, Iran, China, Brazil, the United States, Canada, etc. Other countries with large reserves of gypsum resources are Mexico, Spain, France, Thailand, Australia, India and the United Kingdom, etc. According to the data of the US Geological Bureau, the global gypsum mineral reserve resources fluctuated from 2014 to 2020, reaching 2.06 billion tons in 2017, and then the annual average of about 1.73 billion tons in 2018 to 2019. By 2020, global gypsum reserves will reach 2.19 billion tons. Gypsum is a mineral resource that takes time to form. In recent years, gypsum production basically maintained at about 1.4 billion tons. Global gypsum production in 2019 was 1.4 billion tons, down 2.1% from the previous year. The demand for gypsum is mainly determined by the activities of the construction industry, which uses synthetic gypsum from coal-fired flue gas desulphurization units as raw material to build wall panel manufacturing plants, reducing the amount of natural gypsum mined. However, the availability of cheap natural gas has limited the additional construction of FGD units and therefore the use of synthetic gypsum in wall panels. Despite production disruptions caused by the COVID-19 pandemic in early 2020, the economy slowly recovered in the second quarter of 2020, and the initial estimate of annual gypsum production is about 1.5 billion tons. Gypsum is a mineral resource that takes time to form. In recent years, gypsum production basically maintained at about 1.4 billion tons. Global gypsum production in 2019 was 1.4 billion tons, down 2.1% from the previous year. The demand for gypsum is mainly determined by the activities of the construction industry, which uses synthetic gypsum from coal-fired flue gas desulphurization units as raw material to build wall panel manufacturing plants, reducing the amount of natural gypsum mined. However, the availability of cheap natural gas has limited the additional construction of FGD units and therefore the use of synthetic gypsum in wall panels. Despite production disruptions caused by the COVID-19 pandemic in early 2020, the economy slowly recovered in the second quarter of 2020, and the initial estimate of annual gypsum production is about 1.5 billion tons. From the perspective of gypsum capacity, in recent years, the European gypsum industry capacity expansion is relatively slow, with the reduction of industrial by-product gypsum, especially the supply of flue gas desulfurization gypsum in coal-fired power plants, countries will pay more and more attention to the investment in natural gypsum processing equipment. In addition, the importance of recycled gypsum will also increase.
The demand for gypsum is directly related to the growth of the construction sector, particularly the commercial and residential sectors. The gypsum market is expected to be driven in the short to medium term by a significant recovery in construction spending in both advanced and emerging markets, rising demand for high-quality housing and better living conditions, large-scale industrialization, and government policy support in major markets. According to Global Info Research, global gypsum revenue is estimated at $16.05 billion in 2020 and is expected to reach $19.8 billion in 2026, with a CAGR of 4.3% between 2021 and 2026.
