Calcium sulphate, also known as gypsum, is a soft sulphate mineral composed of calcium sulfate dihydrate with the chemical formula CaSO4·2H2O. It is widely used as a retarder in cement and plaster, a constituent of drywall products to control flame spread, and in agriculture as a soil conditioner or fertilizer.
The global Calcium Sulphate Market is estimated to be valued at US$ 1.91 Bn or Mn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Growing construction activities due to rapid urbanization and industrialization is a major factor driving the growth of the calcium sulphate market. Calcium sulphate has widespread applications in construction industry for manufacturing drywall panels, plaster of Paris, cement additives and wall putties owing to its properties like high moisture resistance, thermal insulation and fire resistance. Moreover, increasing use of calcium sulphate for reviving depleted and structure less soils, enhancing drainage, and retaining nutrients and moisture content in soil is also fueling the market growth. Furthermore, burgeoning demand for calcium sulphate from end use industries such as oil well drilling, waste water treatment, textile auxiliaries, detergent builders etc. is expected to augment the market expansion during the forecast period.
SWOT Analysis
Strength: Calcium sulfate is used for variety of applications like lightweight concrete, plaster, manufactured mineral wool production etc. This diverse usage opens growth opportunities.
Weakness: Calcium sulfate mining can damage fragile landscapes if not done responsibly. Strict environmental regulations may add operational costs.
Opportunity: Growing construction industry worldwide especially in developing nations is augmenting demand for gypsum products. New applications development can further boost sales.
Threats: Easy availability of alternative materials can reduce gypsum consumption in certain applications. Economic slowdowns may impact construction spending affecting market.
Key Takeaways
The Global Calcium Sulphate Market Size is expected to witness high growth, exhibiting CAGR of 5.9% over the forecast period, due to increasing construction activities worldwide. Calcium sulphate finds wide use in making plaster, cement, concrete.
Regional analysis: North America dominates the global calcium sulphate market currently owing to robust construction industry in the US and Canada. Asia Pacific is expected to exhibit fastest growth led by China, India and other developing nations due to rising infrastructure development. Growth momentum will shift to Asia Pacific region in the coming years.
Key players operating in the calcium sulphate market are Knauf Gips KG, LafargeHolcim, National Gypsum Company, Saint-Gobain Group, Yoshino Gypsum Co., Ltd., ACG Materials, Anhydritec, BNZ Materials Inc., American Gypsum, Gyptec Iberica. These companies are focusing on market expansion, new product development and strategic alliances to reinforce their market presence.
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1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it