Calcium sulphate has wide applications in construction, industrial manufacturing, pharmaceutical, food processing industries among others. It is used as a building material in cement, plaster of Paris, joint compound etc. and finds applications in wallboards, ceiling boards. Calcium sulphate also has usage in fertilizers, food additives, wastewater treatment etc. contributing to its rising demand.
Market Dynamics:
The growth of the construction industry globally is expected to remain one of the key drivers for the calcium sulphate market over the forecast period. According to the Global Construction 2030 report, the construction industry is projected to grow by 85% to $15.5 trillion worldwide by 2030. This growth is attributable to factors such as rapid urbanization, mega infrastructure projects, government investments in housing and commercial buildings. The demand for calcium sulphate from the construction sector for use as a building material in gypsum plaster, cement, and wallboards is thus anticipated to rise significantly.
Secondly, the expanding wastewater treatment industry is expected to boost the utilization of calcium sulphate. Calcium sulphate effectively neutralizes acidic wastewater and removes dissolved heavy metals and toxins. Stringent wastewater treatment regulations worldwide are augmenting the use of calcium sulphate in wastewater facilities.
SWOT Analysis
Strength: Calcium sulphate has wide range of applications which drives its demand. It has good insulation and fire resistance properties which make it suitable for construction industry. Calcium sulphate is inexpensive and readily available material.
Weakness: Fluctuations in raw material prices can impact the production cost of calcium sulphate. Dependence on construction industry raises concern during downturns.
Opportunity: Growing construction activities in developing nations offer significant growth opportunities. Expanding applications in medical as well as other industrial sectors can boost the market.
Threats: Strict environmental regulations over mining activities pose challenges. Substitute products like calcium carbonate can limit the market growth.
Key Takeaways:
The Global Calcium Sulphate Market Size is expected to witness high growth, exhibiting CAGR of 5.9% over the forecast period, due to increasing construction activities across the globe. Rapid urbanization and growing infrastructure development projects are supporting the market growth.
Regional analysis- Asia Pacific dominates the global market and is expected to maintain its leading position during the forecast period. Presence of developing economies like China and India witnessing strong growth in construction industry drives the regional 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. Key players are focusing on capacity expansion plans to cater to growing demand.
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https://healthcarelatesteditionnews.blogspot.com/2023/11/calcium-sulphate-market-driven-by.html
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