GYPSUM MINING MARKET ANALYSIS

Gypsum Mining MarketSize and Trends

Market Dynamics:

• The rising consumption of gypsum in agriculture as it to improve the physical and chemical properties of soil drives growth of the market. It is one of the earliest forms of fertilizers used in the U.S. Moreover, gypsum is one of the most frequently used mineral for the recovery of sodic soil. Additionally, it is also one of the major component used as a synthetic soils in greenhouse, nursery, and landscape applications. These multiple uses of gypsum signify potential benefits to horticultural and agricultural users. Moreover, the report published by the Ohio state University in 2011 suggests that production of flue gas desulfurization (FGD) gypsum has gradually increased over the past few years. The report also suggested that in 2008, around 18 million tons of FGD gypsum was manufactured and around 2% of the gypsum was used in agricultural activities. Moreover, more than 60% i.e. over 10.6 million tons was utilized in the wallboard. Moreover, it is expected that the annual production of FGD gypsum will be doubled in the next 10 years.
• Gypsum is mined in around 19 states in the U.S. Iowa, Oklahoma, Nevada, California, and Texas are among the most gypsum producing states. The above states account for around 65% of annual production of gypsum in the U.S. Moreover, it is estimated that annually, over 30 million tons of gypsum is consumed in the U.S.,

Market Trends: