The value-added of Gypsum Product Manufacturing in Canada showed substantial fluctuation from 2013 to 2023. Notably, significant surges occurred in 2017 and 2018 with year-on-year increases of 56.94% and 66.98% respectively. This growth trend exhibited slight declines in 2019 and 2020, stabilizing thereafter with moderate annual increments. By 2023, the industry stood at $661.73 million CAD, reflecting a year-on-year growth of 5.63% and a 5-year CAGR of 1.96%. Projections for 2024 indicate continued growth with a five-year forecast CAGR of 3.64% and total rise of 19.56% by 2028.

Future trends to watch for include:

Impact of technological advancements on production efficiency
Shifts in construction industry demand, which significantly drives gypsum product sales
Potential regulatory changes affecting material use and manufacturing processes
Environmental sustainability trends influencing product innovation and market preference