Philippines Gypsum Market Top 5 Importing Countries and Market Competition (HHI) Analysis
The Philippines` gypsum import market saw significant changes in 2024, with top exporters including Oman, South Korea, China, Thailand, and Taiwan. Despite a high concentration level in 2023, the market became even more concentrated in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 was -5.37%, indicating a decline in demand over the period. However, there was a notable growth rate of 6.99% from 2023 to 2024, suggesting a potential rebound in the market. This dynamic landscape underscores the evolving trends in the Philippines` gypsum import sector.
Gypsum Market: Philippines vs Top 5 Major Economies in 2027 (Asia)
The Gypsum market in Philippines is projected to grow at a high growth rate of 10.93% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.
Philippines Gypsum Market Synopsis
The Philippines gypsum market was valued at USD 24.8 million in 2025 and is expected to grow at a CAGR of 3.5% to reach USD 29.10 million. The growth of the market can be attributed to the increasing demand for construction materials, such as gypsum board, cement plaster, and other building materials in residential infrastructure projects during this period of time. Additionally, rising urbanization and efforts towards developing affordable housing are also boosting the overall demand for gypsum in the country over the forecast period.
Drivers of the market
The Philippines Gypsum Market has been experiencing steady growth due to the increasing demand for construction materials. Gypsum is a crucial component in the production of plaster, drywall, and cement, which are extensively used in the construction industry. The country`s booming real estate sector, along with government infrastructure projects, has been a major driver for the demand in the gypsum market. The rising population and urbanization further contribute to the need for housing and commercial spaces, bolstering gypsum consumption.
Challenges of the market
The Philippines Gypsum Market plays a crucial role in the construction industry, serving as a vital component in gypsum board production and cement manufacturing. However, this market faces challenges such as inconsistent gypsum quality due to varying sources, limited domestic production capacity, and competition from imported gypsum products. The industry also grapples with environmental concerns related to mining practices and waste disposal.
Covid-19 Impact of the market
The gypsum market in the Philippines has been an essential component of the construction industry, contributing to the production of building materials like plasterboard, cement, and drywall. However, the COVID-19 pandemic led to disruptions in the construction sector, causing a temporary decline in demand for gypsum-based products. As construction projects were put on hold and supply chains faced challenges, the gypsum market experienced a slowdown. As the Philippines gradually recovers from the pandemic`s impact, the gypsum market is expected to regain momentum as construction activities resume and infrastructure projects are revitalized.
Key Players of the market
In the Philippines gypsum market, key players might include construction materials companies like Saint-Gobain Philippines, Knauf Philippines, and USG Boral Philippines. These companies could be involved in producing gypsum-based products for the construction and building industry.
Key Highlights of the Report:
- Philippines Gypsum Market Outlook
- Market Size of Philippines Gypsum Market, 2024
- Forecast of Philippines Gypsum Market, 2031
- Historical Data and Forecast of Philippines Gypsum Revenues & Volume for the Period 2021-2031
- Philippines Gypsum Market Trend Evolution
- Philippines Gypsum Market Drivers and Challenges
- Philippines Gypsum Price Trends
- Philippines Gypsum Porter's Five Forces
- Philippines Gypsum Industry Life Cycle
- Historical Data and Forecast of Philippines Gypsum Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of Philippines Gypsum Market Revenues & Volume By Impression Plaster for the Period 2021-2031
- Historical Data and Forecast of Philippines Gypsum Market Revenues & Volume By Model Plaster for the Period 2021-2031
- Historical Data and Forecast of Philippines Gypsum Market Revenues & Volume By Dental Stone for the Period 2021-2031
- Historical Data and Forecast of Philippines Gypsum Market Revenues & Volume By Dental Stone High Strength for the Period 2021-2031
- Historical Data and Forecast of Philippines Gypsum Market Revenues & Volume By Dental Stone High Expansion for the Period 2021-2031
- Historical Data and Forecast of Philippines Gypsum Market Revenues & Volume By Seting Type for the Period 2021-2031
- Historical Data and Forecast of Philippines Gypsum Market Revenues & Volume By Hygroscopic Setting Expansion for the Period 2021-2031
- Historical Data and Forecast of Philippines Gypsum Market Revenues & Volume By Normal Setting Expansion for the Period 2021-2031
- Historical Data and Forecast of Philippines Gypsum Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of Philippines Gypsum Market Revenues & Volume By Pre-Engineered Metal Buildings for the Period 2021-2031
- Historical Data and Forecast of Philippines Gypsum Market Revenues & Volume By Residential for the Period 2021-2031
- Historical Data and Forecast of Philippines Gypsum Market Revenues & Volume By Industrial for the Period 2021-2031
- Historical Data and Forecast of Philippines Gypsum Market Revenues & Volume By Commercial for the Period 2021-2031
- Historical Data and Forecast of Philippines Gypsum Market Revenues & Volume By Institutional for the Period 2021-2031
- Philippines Gypsum Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Seting Type
- Market Opportunity Assessment By Application
- Philippines Gypsum Top Companies Market Share
- Philippines Gypsum Competitive Benchmarking By Technical and Operational Parameters
- Philippines Gypsum Company Profiles
- Philippines Gypsum Key Strategic Recommendations
