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(MoneyNewsWire.Net, July 27, 2018 ) Gypsum mining including mining of gypsum and its compounds that are used in manufacture of wallboard, cement, plaster of Paris, soil conditioning, a hardening retarder in portland cement.
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The global gypsum mining market was valued at $2 billion in 2017. Among regional markets, Asia Pacific was the largest geographic region accounting for more than one-third of the global market. The market saw a growth as new 3D mapping technology is being adopted by gypsum mining companies to create digital maps of underground mines. 3-D mapping systems provide significant improvements in mine safety and automatically map and measure production. Companies like Rio Tinto are utilizing the 3D mapping technology to improving the way they dig up commodities as well as cut cost.
The market in the report is segmented into: wallboard, ceiling board, pre-decorated board and others.
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The USA was the largest country in the market, accounting for one-fifth of the global gypsum mining market share. This can be attributed to the country’s economic power, abundant mineral resources, increased energy demand, and high government and private expenditure in the manufacturing industry. The USA was followed by China and India as the next largest countries in the market.
The top five competitors in the market are USG followed by Beijing New Building Materials Public Limited Company, Knauf, Boral and St Gobain. USG stands for United States Gypsum Corporation. It is an American company which manufactures construction materials, most notably drywall and joint compound. The company is the largest distributor of wallboard in the United States and the largest manufacturer of gypsum products in North America. The company is headquartered in Chicago, Illinois, USA.
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