Gypsum Powder Market Forecasted to Grow to USD 12.73 Billion by 2035

Gypsum Powder Market Gains Momentum with Expanding Residential and Commercial Construction Projects

According to Next Move Strategy Consulting, the Gypsum Powder Market size was valued at USD 7.07 billion in 2025, and is expected to be valued at USD 7.89 billion by the end of 2026. The industry is projected to grow, hitting USD 12.73 billion by 2035, with a CAGR of 5.45% between 2026 and 2035. In terms of volume, the market recorded 134 thousand tons in 2025, with forecasts indicating growth to 151 thousand tons by 2026 and further to 242 thousand tons by 2035, reflecting a CAGR of 5.41% over the same period.

Based on NMSC’s assessment, we observed that rising construction activity across residential, commercial, and infrastructure sectors continues to serve as a fundamental growth catalyst for the Gypsum Powder Market. Expanding urban centers, population growth, and increasing government expenditures on housing developments, transportation infrastructure, and public facilities are generating sustained demand for dependable construction materials. Within this environment, gypsum powder has gained considerable importance due to its fire-resistant characteristics, ease of application, and suitability for a wide range of building applications, including plaster, drywall, and cement products. Furthermore, the increasing adoption of prefabricated construction and dry building systems is accelerating demand, as developers and contractors prioritize materials that enhance construction efficiency, streamline project execution, and support consistent structural performance.

Our analysis further indicates that the market is supported by the growing emphasis on sustainable construction and environmental stewardship throughout the building industry. As policymakers, developers, and construction firms pursue lower-carbon and resource-efficient building practices, demand is increasing for materials that contribute to sustainability objectives. Gypsum powder is benefiting from this transition because it can be recycled, integrated into energy-efficient construction systems, and utilized in applications that improve overall building performance. In response to these evolving requirements, manufacturers are expanding investments in cleaner production methods, recycling technologies, and resource optimization initiatives. As a result, sustainability-driven innovation is becoming an increasingly important factor shaping both product development strategies and long-term market expansion.

Despite the favourable demand outlook, volatility in raw material availability and production expenses remains a key challenge for industry participants. The production of gypsum powder depends on reliable access to natural gypsum, synthetic gypsum, and energy-intensive processing operations, making manufacturers vulnerable to supply-side disruptions. Interruptions in mining activities, transportation bottlenecks, or fluctuations in industrial by-product generation can affect production stability and increase operational costs. In addition, elevated energy prices and stricter environmental regulations may further impact manufacturing economics. Based on our evaluation, these pressures can influence profitability, capacity expansion plans, and investment decisions, particularly in regions where supply chains face ongoing economic, regulatory, or geopolitical uncertainties.

We also identified a promising opportunity arising from the increasing integration of circular economy practices within the construction sector. Growing awareness regarding construction and demolition waste management is encouraging stakeholders to prioritize the recovery and reuse of gypsum-based materials. This trend is driving investment in advanced recycling technologies that can convert post-consumer and post-industrial gypsum waste into high-quality inputs suitable for commercial manufacturing. Our analysis suggests that wider adoption of recycled gypsum can help reduce dependence on virgin raw materials while supporting corporate sustainability goals and regulatory compliance efforts. As resource efficiency becomes a higher priority across the construction value chain, companies that establish strong gypsum recycling capabilities are likely to enhance their competitive positioning and create new avenues for long-term growth.

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According to the report, leading players in the Gypsum Powder Market include Compagnie de Saint-Gobain S.A., Knauf Gips KG, China National Building Material (CNBM) Ltd., New NGC, Inc. (National Gypsum Company), Georgia-Pacific LLC, Yoshino Gypsum Co., Ltd., Etex Group NV, Mada Gypsum Company, Global Gypsum Board Co. LLC, and Volma, and others.

In January 2026, Etex Group NV acquired a 25% stake in Kunooz Gypsum and established a joint venture with Kunooz Oman Holding to develop gypsum-based industrial activities in Oman. The collaboration strengthens Etex’s access to high-quality gypsum resources and supports the expansion of downstream gypsum processing capabilities, reflecting the growing importance of raw material security and integrated value chains within the global Gypsum Powder Market.

In June 2025, Saint-Gobain Gyproc India launched India’s first low-carbon gypsum plaster certified through an Environmental Product Declaration (EPD). Introduced at the company’s Chennai facility, the product is designed to meet the requirements of sustainable construction projects by reducing embodied carbon. The development underscores the increasing industry focus on environmentally responsible gypsum products and the adoption of green building practices.

In May 2025, Saint-Gobain’s Gyproc business, in partnership with Formula, established the Group’s first production facility dedicated to industrial and construction plasters in Jhagadia, Gujarat, India. The plant manufactures gypsum-based plasters for ceramics, foundry, and construction applications, enhancing regional manufacturing capabilities and reinforcing the company’s position in value-added gypsum powder solutions for diverse end-use industriesIn May 2025, Saint-Gobain’s Gyproc business, in partnership with Formula, established the Group’s first production facility dedicated to industrial and construction plasters in Jhagadia, Gujarat, India. The plant manufactures gypsum-based plasters for ceramics, foundry, and construction applications, enhancing regional manufacturing capabilities and reinforcing the company’s position in value-added gypsum powder solutions for diverse end-use industries.

Key Insights from the Gypsum Powder Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the Gypsum Powder Market is provided in the report.

• The value chain analysis in the market study provides a clear picture of the role of each stakeholder.

• The market share of the Gypsum Powder Market players and their competitive analysis are provided in the report.