The global gypsum mining market size was valued at approximately US$1.8 billion in 2023, and it is anticipated to reach around US$2.6 billion by 2032, growing at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2032. This growth is driven primarily by increasing demand across various sectors such as construction, agriculture, and pharmaceuticals, which utilise gypsum as a critical raw material.
Gypsum, a naturally occurring mineral composed of calcium sulfate dihydrate, is widely used in construction, agriculture, and various industrial applications. It is a critical raw material for cement production, drywall, plaster, and soil conditioning. The gypsum mining market plays a vital role in meeting the rising demand for these end products worldwide.
One of the primary drivers of the gypsum mining market is the robust growth of the construction sector. Gypsum is an essential component in producing plasterboard and cement, both of which are indispensable in modern construction. Rapid urbanisation, infrastructure development, and renovation activities globally are fueling the need for gypsum-based materials.
Apart from construction, gypsum is also used as a soil amendment in agriculture. It improves soil structure, reduces compaction, and enhances water infiltration. Growing awareness about sustainable farming practices and the need for soil health improvement is contributing to higher gypsum consumption in the agricultural sector.
Advancements in mining technology and more efficient processing methods have increased the profitability and sustainability of gypsum mining operations. Companies are also adopting eco-friendly mining practices and exploring synthetic gypsum production to reduce the environmental footprint of traditional mining activities.
Like other mining industries, gypsum mining faces challenges related to land degradation, dust emissions, and water usage. Increasing regulatory scrutiny and the need to maintain ecological balance are pushing companies to adopt more responsible and sustainable practices.
The gypsum mining market is highly competitive, with numerous global and regional players. Price volatility due to changing supply-demand dynamics, transportation costs, and geopolitical factors can impact profitability and market stability.
The shift towards green building materials and energy-efficient construction practices is expected to boost demand for gypsum products, particularly recycled and synthetic variants. Technological innovations and new applications in agriculture and industry will further support market expansion in the coming years.