by Calcium sulphate is widely used as a building material and is being increasingly used for plastering and making gypsum boards. It is a soft mineral that is quite soft and easy to cut, shape and install. Its ability to be rapidly installed saves time and labor cost for construction projects. Calcium sulphate also has fire resistant properties and good thermal insulation, making it a preferred choice for making partition walls and ceilings. It helps maintain a comfortable indoor temperature and protects buildings in case of fire. The global calcium sulphate market is witnessing significant demand from the construction industry where it is being used for making partitions, ceiling panels, molding and finishing products. The global Calcium Sulphate Market is estimated to be valued at US$ 1.91 Bn in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends: One of the key trends in the calcium sulphate market is the growing use of lightweight and energy efficient gypsum boards. Traditional gypsum boards used in construction are being replaced with new generation lightweight and recycled gypsum boards that provide equivalent fire resistance and strength but are less resource intensive to produce and transport. They help lower the overall weight of structures, thereby reducing material usage as well as construction costs. The lightweight boards also improve energy efficiency of buildings as they require lesser building material to achieve the same insulation and fire protection. Manufacturers are extensively researching and developing innovative gypsum formulations and production processes to provide next-gen calcium sulphate boards in the global market.
Porter’s Analysis
Threat of new entrants: The calcium sulphate market has moderate threat of new entrants due to the requirement of huge capital investments and established supply chain of existing players.
Bargaining power of buyers: The bargaining power of buyers is moderate as there are several established players supplying calcium sulphate globally. However, buyers can negotiate on price offered by key players.
Bargaining power of suppliers: The bargaining power of suppliers is low due to the presence of several suppliers providing raw materials required for calcium sulphate production.
Threat of new substitutes: The threat of substitutes is low as calcium sulphate has limited substitutes and is widely used across several end-use industries.
Competitive rivalry: The competitive rivalry in the global calcium sulphate market is high due to the presence of well-established players.
Key Takeaways
The global calcium sulphate market growth is expected to witness high . Regional analysis comprises North America dominates the global calcium sulphate market and is expected to continue its dominance over the forecast period. This is attributed to the demand from construction sector. Asia Pacific calcium sulphate market is expected to witness fastest growth over the forecast period with China, India, Japan, and Indonesia being major contributors.
Key players operating in the calcium sulphate market are Samsung, Apple Inc., Microsoft Corporation, Mozo Accessories, iLuv Creative Technology, Energizer, Case-mate, and Muvit. Samsung dominates the mobile phone sector which drives the demand for accessories like mobile cases. Apple Inc. also has a strong position in premium smartphone segment boosting demand for phone cases
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
