Report Overview
Stone gypsum is a naturally occurring mineral, primarily composed of calcium sulfate dihydrate (CaSO4·2H2O).
It forms as an evaporite from the dissolution of limestone due to exposure to sulfuric acid, commonly associated with volcanic activity.
The material is widely utilized across various industries, including construction, medical, and industrial applications, due to its versatile properties such as fire resistance, durability, and ease of molding.
Market Analysis
The global Stone Gypsum Market was valued at USD 879.83 million in 2023 and is projected to reach USD 1276.58 million by 2029, growing at a CAGR of 6.40% during the forecast period.
This growth is driven by increasing demand in the construction sector, particularly for drywall, plaster, and cement production.
Furthermore, industrial applications and medical uses, such as dental molds, contribute to market expansion.
