Market Dynamics:
The key drivers fueling the gypsum mining market include growing construction activities and increasing usage of gypsum-based products in construction. According to the Global Construction 2030 report, the global construction output is projected to grow by 85% to $15.5 trillion by 2030. Majority of this growth is expected from countries such as China, the US, and India. This rising construction output will augment the demand for gypsum and gypsum products. Additionally, gypsum provides benefits such as fire resistance, durability, and sound insulation, which has increased its preference over other materials in the construction of walls, partitions, and ceilings. Furthermore, gypsum wallboards are lightweight and easy to install due to which their usage has increased in residential as well as commercial construction. The demand from the infrastructure sector is also rising due to ongoing construction of roads, bridges, airports, and other infrastructure projects globally. These factors are expected to propel the gypsum mining market growth over the forecast period.

Key Takeaways
The Global Gypsum Mining Market Size is expected to witness high growth, exhibiting CAGR of 3.8% over the forecast period, due to increasing construction activities globally. Asia Pacific dominates the market currently owing to rapid industrialization and urbanization in China and India.

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