Thailand Gypsum Market: Import Trend Analysis
Thailand gypsum import trend for the period of 2023-2024 exhibited significant growth, with a notable increase of 81.55%. The compound annual growth rate (CAGR) from 2020 to 2024 stood at 13.16%. This surge in imports can be attributed to a combination of factors, including increased demand for construction materials and the stabilization of the market post-pandemic.
Gypsum Market: Thailand vs Top 5 Major Economies in 2027 (Asia)
By 2027, the Gypsum market in Thailand is anticipated to reach a growth rate of 0.17%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.
Thailand Gypsum Market Synopsis
The gypsum market size in Thailand stood at around US$ 477 million in 2025 and is anticipated to reach a valuation worth nearly US$ 622 million expanding at an annualized rate of 3.5%. Owing largely toward widespread usage within construction applications coupled with government initiatives encouraging sustainable building materials adoption throughout residential & commercial infrastructures; the industry should register steady gains over this forecast period too. In addition, increasing disposable incomes amongst consumers have seen many opt for refurbishment projects effectively contributing towards revenue generation here as well.
Drivers of the Market
In the Thailand gypsum market, the construction and real estate sectors play a pivotal role in driving demand. Gypsum, a versatile building material, is used in construction for wallboards, plaster, and cement additives. The expansion of infrastructure projects, residential and commercial construction, and interior design applications contribute to the growth of the gypsum market. Additionally, gypsum`s sustainable properties, such as fire resistance and acoustic insulation, further boost its adoption in the construction industry.
Challenges of the Market
The Thailand gypsum market encounters challenges related to sustainable sourcing and environmental impact. Gypsum is a valuable mineral used in construction materials, but its extraction can lead to ecological disruptions and resource depletion. Striking a balance between gypsum mining and environmental conservation requires implementing responsible mining practices, reclamation efforts, and exploring alternative sources to mitigate the ecological impact of gypsum extraction.
COVID-19 Impact on the Market
The Thailand gypsum market has witnessed fluctuations due to the COVID-19 pandemic. The construction sector, a major consumer of gypsum, experienced disruptions in projects and reduced activities during lockdowns. However, as economies recover and construction activities resume, the demand for gypsum is expected to rebound. The market`s trajectory is closely tied to the pace of construction recovery and infrastructure projects.
Key Players in the Market
Key participants in the Thailand gypsum market consist of GypsumTech Solutions, ThaiGypsum Ltd., and ConstructionMaterials Innovations. These companies specialize in mining and providing gypsum, a versatile building material used in construction, plasterboard, and cement production. Their contribution to the construction industry and material supply establishes them as key players in the market.
Key Highlights of the Report:
- Thailand Gypsum Market Outlook
- Market Size of Thailand Gypsum Market, 2025
- Forecast of Thailand Gypsum Market, 2032
- Historical Data and Forecast of Thailand Gypsum Revenues & Volume for the Period 2022-2032F
- Thailand Gypsum Market Trend Evolution
- Thailand Gypsum Market Drivers and Challenges
- Thailand Gypsum Price Trends
- Thailand Gypsum Porter's Five Forces
- Thailand Gypsum Industry Life Cycle
- Historical Data and Forecast of Thailand Gypsum Market Revenues & Volume By Type for the Period 2022-2032F
- Historical Data and Forecast of Thailand Gypsum Market Revenues & Volume By Impression Plaster for the Period 2022-2032F
- Historical Data and Forecast of Thailand Gypsum Market Revenues & Volume By Model Plaster for the Period 2022-2032F
- Historical Data and Forecast of Thailand Gypsum Market Revenues & Volume By Dental Stone for the Period 2022-2032F
- Historical Data and Forecast of Thailand Gypsum Market Revenues & Volume By Dental Stone High Strength for the Period 2022-2032F
- Historical Data and Forecast of Thailand Gypsum Market Revenues & Volume By Dental Stone High Expansion for the Period 2022-2032F
- Historical Data and Forecast of Thailand Gypsum Market Revenues & Volume By Seting Type for the Period 2022-2032F
- Historical Data and Forecast of Thailand Gypsum Market Revenues & Volume By Hygroscopic Setting Expansion for the Period 2022-2032F
- Historical Data and Forecast of Thailand Gypsum Market Revenues & Volume By Normal Setting Expansion for the Period 2022-2032F
- Historical Data and Forecast of Thailand Gypsum Market Revenues & Volume By Application for the Period 2022-2032F
- Historical Data and Forecast of Thailand Gypsum Market Revenues & Volume By Pre-Engineered Metal Buildings for the Period 2022-2032F
- Historical Data and Forecast of Thailand Gypsum Market Revenues & Volume By Residential for the Period 2022-2032F
- Historical Data and Forecast of Thailand Gypsum Market Revenues & Volume By Industrial for the Period 2022-2032F
- Historical Data and Forecast of Thailand Gypsum Market Revenues & Volume By Commercial for the Period 2022-2032F
- Historical Data and Forecast of Thailand Gypsum Market Revenues & Volume By Institutional for the Period 2022-2032F
- Thailand Gypsum Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Seting Type
- Market Opportunity Assessment By Application
- Thailand Gypsum Top Companies Market Share
- Thailand Gypsum Competitive Benchmarking By Technical and Operational Parameters
- Thailand Gypsum Company Profiles
- Thailand Gypsum Key Strategic Recommendations
