Calcium sulphate is a white crystalline hydrated calcium sulphate mineral that has various uses in construction, manufacturing, agriculture and mining applications. Commonly known as gypsum, this mineral is extensively used in building plaster, drywall and ready-mix concrete. It enhances the workability and hardness of concrete. Properties such as fire resistance, sound absorbency and moisture resistance make calcium sulphate an ideal construction material. In addition, agricultural usage of calcium sulphate helps improve soil quality and increase crop yields.
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 5.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Rapid urbanization and growth of the construction sector in developing economies is one of the key trends driving the calcium sulphate market. As infrastructure projects increase in regions like Asia Pacific, Latin America and Africa, demand for cost-effective building materials is rising. Calcium sulphate fulfills this need due to its versatile applications in new construction as well as repair and remodelling activities. Moreover, increasing awareness about soil nutrition is boosting the usage of agricultural gypsum derived from calcium sulphate, thereby supporting market growth over the forecast period.
Threat of new entrants: The threat of new entrants in the calcium sulphate market is low, owing to high capital requirements and need for establishing distribution channels.
Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of substitutes like plaster of Paris in the calcium sulphate market.
Bargaining power of suppliers: The bargaining power of suppliers is high since there are few merchants engaged in the supply of raw materials like limestone and gypsum.
Threat of new substitutes: Substitutes like cement poses low threat as calcium sulphate has distinct properties like fire resistance, better bond strength etc. required for construction applications.
Competitive rivalry: The global calcium sulphate market is a competitive market with key players focusing on product innovation.
The Global Calcium Sulphate Market Size is expected to witness high growth, exhibiting CAGR of 5.9% over the forecast period, due to increasing adoption in construction activities. The global calcium sulphate market size for 2023 is estimated to be US$ 1.91 Bn.
The Asia Pacific calcium sulphate market accounted for the largest share of over 40% of the overall market. Increasing construction activities in China, India are expected to drive the demand for calcium sulphate in the region.
The calcium sulphate market in North America is projected to grow at a CAGR of over 6% during 2023-2030. Growth of end-use industries like construction in US and Canada are supporting the regional market growth.
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 players are focusing on new product launches catering to various end-use applications.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it