From 2013 to 2023, the US synthetic gypsum sales have demonstrated a general upward trend, rising from 10.8 million metric tons in 2013 to 20.37 million metric tons in 2023. The year-on-year variation and CAGR have been moderately fluctuating but overall positive, with notable increases such as a 40.74% rise in 2014 and a slight dip in 2020 by 1.91%. The last five years saw an average annual growth rate (CAGR) of 3.11%. The years 2021 and 2022 experienced a strong growth with 8.53% and 2.94% increases respectively. Predictions indicate a steady but moderate growth with a forecast 5-year CAGR of 2.09%, leading to 23.27 million metric tons by 2028, representing a total 10.92% growth over these years.
Future trends to watch for include:
- Potential impacts of environmental regulations on production methods and costs.
- Innovations in sustainable building materials that could influence demand for synthetic gypsum.
- Economic factors such as construction industry health, infrastructure investments, and recycling initiatives.
