Calcium sulphate has various industrial uses. It is primarily used to manufacture plasterboard and ceiling tiles. Plasterboard finds widespread application in interiors of residential and commercial buildings for partitioning walls and ceilings. Calcium sulphate ceiling tiles offer advantages such as durability, strength and acoustics. They help absorb sound in enclosed areas and provide an aesthetic appeal. Such tiles are increasingly being adopted in offices, malls, airports and other public places.

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

Market Dynamics:

The growth of the Global Calcium Sulphate Market Size is majorly driven by increasing demand from the construction industry. Rapid urbanization and growing housing & infrastructure projects across developing nations are fueling the adoption of plasterboards and ceiling tiles made from calcium sulphate. Further, renovation and remodeling activities in developed regions are also propelling the product demand. Another key factor promoting the calcium sulphate market growth is its versatility. In addition to construction, calcium sulphate finds applications as soil amendments in agriculture owing to its moisture retention and drainage properties. However, price fluctuations of raw materials may impede the market expansion over the forecast period.

SWOT Analysis

Strength: Calcium sulphate has good mechanical strength and fire resistance properties which makes it suitable for construction applications. It can be used as a cost-effective building material. The abundance of raw materials required for its production allows easy availability.
Weakness: Calcium sulphate is sensitive to moisture and has lesser strength when exposed to damp conditions for long. Its mining and production can release gypsum dust which is hazardous if inhaled in large quantities.
Opportunity: The rising infrastructure development and construction activities across developing nations present an opportunity for increased demand. Growth of the paints and coatings industry utilizing calcium sulphate as a filler also provides new opportunities.
Threats: Fluctuations in the prices of raw materials required for its production pose a major threat. Easy availability of substitutes like cement and concrete also threatens its usage in some applications.

Key Takeaways:

The global calcium sulphate market is expected to witness high growth, exhibiting CAGR of 5.9% over the forecast period, due to increasing construction activities worldwide. Rapid urbanization and growth of the building & construction industry have boosted the demand for calcium sulphate significantly. It is extensively used in making gypsum plasters, cement boards & panels, and wallboards in residential & commercial buildings.

Regional analysis:

Asia Pacific dominates the global calcium sulphate market and is expected to grow at the fastest rate during the forecast period. Countries like China, India, Indonesia, and Japan are major contributors to the region's market share due to huge investment in infrastructure projects. North America and Europe hold significant shares due to widespread use of calcium sulphate in the well-established construction industries.

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 companies have large production capacities and global presence which has helped them gain substantial shares in the market over the years.

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