Demand for gypsum products to increase.Demand for gypsum gypsum (jĭp`səm), mineral composed of calcium sulfate (calcium, sulfur, and oxygen) with two molecules of water, CaSO4·2H2O. It is the most common sulfate mineral, occurring in many places in a variety of forms. products in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. is expected to increase 1.7 percent per year through 2009 to 50 million metric tons, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a report released by Cleveland-based market research firm the Freedonia Group. Gypsum board is the dominant gypsum product sold in North America, accounting for nearly three-quarters of total tonnage in 2004. Demand for gypsum board is expected to advance 1.5 percent per year to 41 billion square feet by 2009, the Freedonia study predicts. In addition to gypsum board, other gypsum products include building and industrial plasters, gypsum used as a cement additive, agricultural gypsum and gypsum fillers. Gypsum used as an additive for cement is expected to lead gains. Growth in cement markets will be supported by a rebound in nonresidential construction in the United States, as well as by continued efforts to rebuild infrastructure in Mexico. Prospects for the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. gypsum industry are closely tied to the construction industry. According to the Freedonia study, the residential market plays a particularly important role, responsible for 60 percent of demand for gypsum products. Accordingly, the weak outlook through 2009 for the construction of new homes in the United States and Canada will result in a slowdown in demand for gypsum and gypsum products. The Freedonia study predicts that this deceleration deceleration /de·cel·er·a·tion/ (de-sel?er-a´shun) decrease in rate or speed. early deceleration will be offset somewhat by an upswing in new nonresidential construction spending Construction Spending An economic indicator that measures the amount of spending towards new construction. Released monthly by the U.S. Department of Commerce's Census Bureau, it looks at residential and non-residential construction in the private sector, and state and federal at . The full study, "Gypsum Products in North America," is available for purchase through the Freedonia Group by visiting www.freedoniagroup.com. |
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