July 12, 2024
Calcium Sulphate Market Share

Calcium Sulphate Market: Rising Demand in Construction Sector Projected to Drive Growth

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 of 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Calcium Sulphate, also known as gypsum, is a versatile material widely used in the construction industry. It is primarily used as a construction material for making plasterboards, cement, and wall plasters. The advantages of using calcium sulphate products include fire resistance, acoustic insulation, and durability. With the growing focus on sustainable construction practices and the increasing demand for cost-effective materials, the calcium sulphate market is expected to witness significant growth in the coming years.

Market Key Trends:
One key trend in the Global Calcium Sulphate Market is the increasing adoption of gypsum-based materials for wall plastering in the construction sector. Gypsum-based plasters offer excellent workability, low shrinkage, and good adhesion properties, making them ideal for interior wall finishes. The rising demand for aesthetic interiors and the need for faster construction processes are driving the adoption of gypsum-based plasters. Additionally, gypsum plasters also contribute to energy efficiency and help in reducing carbon footprint. As a result, there is a growing preference for gypsum-based materials, which is expected to fuel the growth of the calcium sulphate market during the forecast period.
Porter’s Analysis

Threat of new entrants: The threat of new entrants into the calcium sulphate market is relatively low. This is due to the high barriers to entry, such as the need for large-scale manufacturing facilities and significant capital investment. Additionally, existing players have a strong foothold in the market and benefit from economies of scale.

Bargaining power of buyers: The bargaining power of buyers in the calcium sulphate market is moderate. While buyers have some power to negotiate prices and terms, the presence of a few dominant suppliers limits their options. Buyers in the construction industry, which is one of the major end-users of calcium sulphate, may have more bargaining power due to their large purchasing volumes.

Bargaining power of suppliers: The bargaining power of suppliers in the calcium sulphate market is relatively high. There are a limited number of suppliers, and they have control over the production and supply of calcium sulphate. This gives them the ability to dictate terms and prices to some extent.

Threat of new substitutes: The threat of new substitutes for calcium sulphate is relatively low. Calcium sulphate is widely used in various applications, such as construction, agriculture, and healthcare. It offers unique properties and benefits that are not easily replicated by other materials. Therefore, the demand for calcium sulphate is expected to remain strong.

Competitive rivalry: The competitive rivalry in the calcium sulphate market is moderate to high. There are several key players operating in the market, including Knauf Gips KG, LafargeHolcim, National Gypsum Company, and Saint-Gobain Group. These companies compete based on product quality, price, and customer service. Market consolidation is also observed, with larger players acquiring smaller ones to strengthen their market position.

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). This growth can be attributed to the increasing demand for calcium sulphate in the construction industry, particularly for applications such as drywall and cement. The construction sector is experiencing rapid growth, especially in emerging economies, driving the demand for calcium sulphate.

In terms of regional analysis, Asia Pacific is the fastest-growing and dominating region in the calcium sulphate market. This can be attributed to the booming construction industry in countries like China and India. These countries are investing heavily in infrastructure development, which is driving the demand for calcium sulphate-based products. North America and Europe are also significant markets for calcium sulphate, driven by the construction and agriculture sectors.

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 companies have a strong market presence and are actively engaged in product development, partnerships, and acquisitions to maintain their competitive edge.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it