The global Calcium Sulphate Market is estimated to be valued at US$ 1.91 billion in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Calcium sulphate is a white crystalline salt that is widely used in various industries, including construction, agriculture, food, and pharmaceuticals. It is primarily used as a construction material due to its excellent binding properties and fire resistance. Calcium sulphate-based products such as gypsum boards and plaster of Paris are extensively used in the construction industry for making ceilings, walls, and partitions. These products offer several advantages such as ease of installation, high durability, and excellent soundproofing characteristics. The increasing demand for sustainable and eco-friendly construction materials is expected to drive the growth of the calcium sulphate market.
Market Key Trends:
One key trend in the Global Calcium Sulphate Market is the growing demand for calcium sulphate in the agriculture sector. Calcium sulphate is used as a soil amendment to improve soil structure and provide essential nutrients to plants. It helps in reducing the effects of soil erosion, increasing water retention capacity, and improving the overall fertility of the soil. Additionally, calcium sulphate is also used as a feed additive in the animal nutrition industry to provide calcium and sulphur to livestock, promoting healthy bone development and improving milk production. The increasing adoption of organic farming practices and the growing demand for high-quality crops and livestock products are expected to drive the demand for calcium sulphate in the agriculture sector.
PEST Analysis:
Political: The political factors impacting the calcium sulphate market include regulations and policies related to the construction industry, as calcium sulphate is primarily used in building materials. Government policies regarding environmental sustainability and energy efficiency in buildings may also influence the demand for calcium sulphate-based products.
Economic: The economic factors affecting the market include GDP growth, disposable income, and investment in infrastructure development. As the construction industry expands and urbanization continues, there will be a rise in demand for calcium sulphate products, driving market growth.
Social: Societal factors such as population growth, urbanization, and lifestyle changes also impact the calcium sulphate market. Increased urbanization leads to higher construction activity, driving the demand for calcium sulphate-based products in flooring, wallboard, and other applications.
Technological: Technological advancements play a crucial role in the calcium sulphate market. Innovations in manufacturing processes and product development, such as improved fire resistance and soundproofing properties, can drive market growth. Automation and digitalization in the construction sector can also impact the adoption of calcium sulphate products.
Key Takeaways:
The global calcium sulphate market is expected to witness high growth, exhibiting a CAGR of 5.9% over the forecast period (2023-2030). The market size for 2023 is projected to be US$ 1.91 billion.
In terms of regional analysis, Asia Pacific is anticipated to be the fastest-growing and dominating region in the calcium sulphate market. Rapid urbanization, population growth, and infrastructure development in countries like China and India are driving the demand for calcium sulphate-based products in the region. Additionally, increasing government initiatives towards sustainable construction practices are expected to boost market growth.
Key players operating in the calcium sulphate market include Knauf Gips KG, LafargeHolcim, National Gypsum Company, Saint-Gobain Group, Yoshino Gypsum Co. Ltd., ACG Materials, Anhydritec, BNZ Materials Inc., American Gypsum, and Gyptec Iberica. These key players have a significant presence in the market and contribute to its growth through product innovation, strategic partnerships, and expansions.
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Latest added Global Calcium Sulphate Market research study by AMA Research offers detailed outlook and elaborates market review till 2026.
Calcium sulphate is a white odorless crystalline powder having 1400C melting point.
Calcium sulphate can be used for several purposes such as a filler, soil conditioner, colored pigment in white paints, white cement and in the paper industry and others.
The Global Calcium Sulphate segments and Market Data Break Down are illuminated below: by End Use Industry (Agriculture, Healthcare, Construction {Cement}, Pharmaceuticals {Inactive Tablet Excipient, Color Glazing and Binding Agent}, Ore Mining & Building, Chemicals {Drying Agent, Colorants, Anti-Caking Agent, Coating Agent in Paper, Others}), Form Type (Anhydrous, DiHydrated, Hemihydrate) What's Trending in Market:Innovation and Accelerated GlobalizationChallenges:Survival of New Players and New EntrantsRestraints:Side Effects Associated With the Use of Calcium Sulfate Such As intense Abdominal Pain, Nausea and Irregular Bowel MomentMarket Growth Drivers:Growing Demand for End Use IndustriesIncrease in Use of Calcium Sulfate As an Inactive Ingredients in Pharmaceutical Drugs and Desiccant in Building MaterialRise in Usage of Calcium Sulfate in Building Material Such as Quick Cements, Plastic of Paris and Wall Plaster The regional analysis of Global Calcium Sulphate Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World.
North America is the leading region across the world.
of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2021-2026.
