by The global Calcium Sulphate Market is estimated to be valued at US$ 1.91 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 Overview:
Calcium sulphate is a mineral compound made up of calcium, oxygen and sulfur. It is most commonly found as the mineral gypsum and in its hydrated form as calcium sulphate dihydrate (CaSO4.2H2O). It is widely used as a retardant in cement and plaster of Paris. It finds applications in construction for plasterboards, cement additives and soil amendments. Calcium sulphate provides qualities like fire resistance, moisture resistance and durability to construction materials.
Market key trends:
One of the key driver for the Calcium Sulphate market is growing demand for plasterboard from the residential construction sector. Plasterboard provides an affordable and easy way to finish interior walls and ceilings. It is widely used as an alternative to traditional plaster. Construction of new residential properties coupled with renovation activities has increased the demand for plasterboards significantly over the years. This trend is expected to continue during the forecast period thus supporting growth of the Calcium Sulphate market.
The global calcium sulphate market is witnessing increased demand from the construction industry, where it is used in cement, plaster of paris, and other building materials. Calcium sulphate acts as a setting regulator for cement and improves its workability. Its hygroscopic nature allows it to retain moisture and control setting time of cement. Moreover, calcium sulphate has fire resistant and sound insulation properties which make it suitable for use in wallboards and ceiling tiles. Another key trend in the market is the use of calcium sulphate for flue-gas desulphurization in power plants. It is used as a absorbent in wet scrubber systems to remove sulphur dioxide from exhaust flumes and reduce air pollution.
SWOT Analysis
Strengths: Calcium sulphate has high strength, fire resistant and sound insulating properties which make it an ideal construction material. Its hygroscopic nature allows control over cement setting time.
Weaknesses: Calcium sulphate production requires large amounts of energy and release of sulphur dioxide gas which is an air pollutant. Transportation of calcium sulphate over long distances increases production costs.
Opportunities: Increasing construction spending in emerging economies of Asia and Africa provide growth opportunities. Also, stringent environmental norms are boosting use of calcium sulphate in flue-gas desulphurization to reduce industrial pollution.
Threats: Availability of substitute materials like lightweight aggregates and calcium carbonate poses competition to calcium sulphate. Volatility in raw material prices can squeeze profit margins.
Key Takeaways
The Global Calcium Sulphate Market Size was valued at US$ 1.91 Bn in 2023. The market is expected to witness high growth, exhibiting a CAGR of 5.9% over the forecast period, due to increasing construction activities globally. The Asia Pacific region currently dominates the global calcium sulphate market with a share of over 35% in 2023. China, India and other developing Asian countries are major consumers as well as producers of calcium sulphate owing to high infrastructure development in the region.
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 capacity expansion projects and strategic collaborations to strengthen their market position. For instance, in 2022, Knauf Gips KG completed expansion of its wallboard production facility in Wriezen, Germany to cater to growing drywall demand in Europe.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
