Global Gypsum Concrete Market Size By Type (Powder, Premix), By Application (Residential Buildings, Commercial Buildings), By Geographic Scope And Forecast
Report ID: 307370|No. of Pages: 202
Global Gypsum Concrete Market Size By Type (Powder, Premix), By Application (Residential Buildings, Commercial Buildings), By Geographic Scope And Forecast
Gypsum Concrete Market Size And Forecast
Gypsum Concrete Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2023 to 2030.
The market is mainly driven by the excellent properties of gypsum concrete structures, the increasing demand for noise-reducing structures in light construction projects, and the increased demand for underfloor heating systems. The Global Gypsum Concrete Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Gypsum Concrete Market Definition
Gypsum concrete is a building substance used as a floor underlayment in wood-frame and concrete construction for a variety of purposes including fire resistance, sound reduction, radiant heating, and floor levelling. Gypsum plaster, Portland cement, and sand are blended together to create it. Gypsum concrete is now commonly referred to by construction experts and architects as Gyp-Crete, a brand name that is a registered trademark of the Maxxon Corporation. A soft sulphate mineral known as gypsum, with the chemical formula CaSO42H2O, is made up of calcium sulphate dihydrate. It is commonly mined, and the primary ingredient of drywall, sidewalk chalk, and many types of plaster.
Gypsum concrete, also known as plaster of Paris, is a composite mixture of cement and filler materials that is used as a floor covering in both concrete and wood frame structures. Gypsum is made from a fixed ratio of sand, portland cement, and gypsum plaster. Gypsum is the material present in the middle of the plasterboard.
One of the advantages of using gypsum over traditional concrete is that it is generally less expensive. Drywall costs range from $1.75 to $6.00 per square foot, while concrete costs $2.50 to $4.50 per square foot. Another benefit of drywall is that it is slightly softer than concrete, making it a popular choice for flooring. However, concrete offers better durability and reliability to floors than gypsum. Concrete is the best choice for any structural application such as driveways, walkways, floors, foundations, or load-bearing walls. Although both concrete and gypsum are made from Portland cement, they have different compressive strengths due to the addition of aggregates and fillers to the concrete. Concrete offers excellent resistance to compressive forces and does not crack when nailing the chosen floor, unlike Gypsum Concrete.
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Global Gypsum Concrete Market Overview
The market is mainly driven by the excellent properties of gypsum concrete structures, the increasing demand for noise-reducing structures in light construction projects, and the increased demand for underfloor heating systems. Concrete still finds primary use in residential and commercial projects of concrete and wood frame structures for subfloors.
Despite providing immense benefits to both builders and occupants of building structures, the use of Gypsum Concrete is still largely limited to countries in North America, particularly the US, so the overall market growth prospects are largely dependent on growth. the dynamics of the North American construction industry, which has seen slow growth over the past few years.
However, the market is expected to gain significant traction in regional markets such as Europe and Asia Pacific during the forecast period of the report due to the increasing demand for environment-friendly products in the construction industry in these regions. The booming construction industry in the Asia Pacific is expected to offer promising growth opportunities for the Gypsum Concrete Market.
Global Gypsum Concrete Market Segmentation Analysis
The Global Gypsum Concrete Market is Segmented on the Basis of Type, Application, And Geography.
Gypsum Concrete Market, By Type
- Powder
- Premix
- Paste
Based on Type, The Global Gypsum Concrete Market is segmented into Powder, Premix, and Paste. In wood-frame and concrete construction, powder Gypsum Concrete is a building material used as a floor underlayment for fire ratings, sound reduction, radiant heating, and floor levelling. It is made of a composite of sand, Portland cement, and gypsum plaster. Gypsum is typically utilised as a cement retarding agent since it is crucial in regulating the rate at which cement hardens. Gypcrete and Gypsum Concrete are other names for it.
Gypsum Concrete Market, By Application
- Residential Buildings
- Commercial Buildings
Based on Application, The Global Gypsum Concrete Market is segmented into Residential Buildings and Commercial Buildings. Due to the growing tendency of high-rise housing towers and basement parking, sound transmission has become a significant factor in residential construction along with structural design. Sound-proofing and heat-insulating materials are commonly used because residential flats in high-rise building towers are intimately connected. Because of these necessary characteristics, Gypsum Concrete is frequently used in the residential building despite having these features.
Gypsum Concrete Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
Based on Geography, The Global Gypsum Concrete Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The global Gypsum Concrete Market worldwide was dominated by North America. The demand for Gypsum Concrete is anticipated to increase over the course of the forecast year as a result of expanding investments and construction activity in the area.
A robust economy, favourable market conditions for commercial real estate, and increased federal and state financing for public works projects and institutional construction all contributed to the construction industry’s ongoing growth in the United States.
Key Players
The “Global Gypsum Concrete Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are ARDEX Group, Formglas Products Ltd, MAPEI SpA, MAXXON, INC., Accu-Crete, ACG Materials, Hacker Industries, Inc., Janes Gypsum Floors Inc., USG Corporation, Warmboard.
Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Gypsum Concrete Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in Global Gypsum Concrete Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2019-2030 |
| BASE YEAR | 2022 |
| FORECAST PERIOD | 2023-2030 |
| HISTORICAL PERIOD | 2019-2021 |
| KEY COMPANIES PROFILED | ARDEX Group, Formglas Products Ltd, MAPEI SpA, MAXXON, INC., Accu-Crete, ACG Materials, Hacker Industries, Inc. |
| SEGMENTS COVERED |
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| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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Industry Analysis Matrix
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