Gypsum Concrete Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2028

  • Report ID : 100075
  • Category : Chemical and Materials
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  • Reporting status : Published Jan, 19
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Gypsum concrete is a composite material utilized for building and construction purposes, mainly as a floor underlayment. Gypsum concrete is composed of Portland cement, sand, gypsum plaster and small amounts of other chemical additives to provide products with particular characteristics. The application of gypsum concrete ensures easy floor leveling, better bonding with the subfloor, and compression strength equal to regular concrete.

Gypsum concrete possesses several properties which include light weight, fire resistant, offers sound reduction, radiant heating, self-leveling, high-strength, and quick-drying. Although the gypsum concrete has less weight, its compressive strength is similar to the regular concrete, based on the application.

Rising demand for sound reducing structures, growing infrastructure and urbanization projects, lightweight and durable construction projects, and the increased demand for under floor heating systems in cold regions are the major factors fueling the industry growth. Gypsum concrete offers significant advantages; however, the application of gypsum concrete is still limited to countries in North America, specifically in the U.S. which is restraining the growth of the gypsum concrete market.

The global gypsum concrete market is bifurcated based on the material, subfloor type, vertical and region. Based on the material, the gypsum concrete market is segmented as gypsum plaster, Portland cement, sand and others. Portland cement is the main material and is available in huge amount due to its low cost, making it one of the widely used materials for construction, mainly for making concrete and mortar. Other segment may include additives, extenders, fluidizers, etc.

Further segmentation of the market is based on the type of subfloor, which includes concrete floor, wooden floor, corrugated steel deck floor, radiant heating floor and others. In wood-framed construction, gypsum concrete can be poured directly on the wood without wire lath reinforcement to achieve a one-hour fire rating. Such wooden floor poured gypsum floors achieve high compressive strengths in hours in comparison to traditional cements which requires a month for achieving such strength.

According to the end-use, the gypsum concrete industry is segmented as residential, commercial and industrial. Increasing industrialization and urbanization is giving rise to several construction projects in all the sectors including residential, commercial and industrial sectors. Moreover, fireproof property of the gypsum concrete is pushing commercial complexes to utilize the concrete as a flooring material during construction.

Geographical segmentation of the market is based on the regions, which includes North America, Europe, Asia Pacific, Middle East and Africa and Latin America. It also includes countries such as the U.S, the U.K., Germany, France, Japan, China, India, GCC, North Africa, South Africa and Brazil. North America region is expected to emerge as the leading generator for gypsum concrete. Europe and Asia Pacific region is anticipated to be promising investment destination for the gypsum concrete market owing to the high population ranking and are expected to adopt new projects in the construction sector, thus generating a huge demand for gypsum concrete.

Prominent players in the global fiber cement market includes, Warmboard, Hacker Industries, Janes Gypsum Floors, Maxxon Corporation, Formglas, Harrison Gypsum, USG Corporation, Ardex Group, Mapei, PT SiamIndo Gypsum Industry, AccuCrete, Formglas Products and Taishan Gypsum. In March 2018, Maxxon Corporation launched Maxxon Gyp-Crete 2000/3.2 K Gypsum Underlayment System which is ideal for application in light commercial and multifamily construction as well as for renovation projects over concrete or wood subfloors. The crack-resistant surface offers a perfect base for almost any floor covering. Other players are similarly involved in research & development, expansions and collaboration for their strategic growth.

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