Calcium sulphate, commonly known as plaster of paris, is a mineral that comprises of hydrated calcium sulfate. It possesses various industrial and technical applications. It is majorly used in construction to make interior wall and ceiling plaster, moulding decorations and also construction materials like cement boards, plasterboards and lightweight concrete blocks. Calcium sulphate helps in diminishing cracks, regulates moisture and improves workability of construction composites.

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 5.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
Increasing construction activities is one of the key drivers propelling the growth of the calcium sulphate market. Calcium sulphate is extensively utilized in making of gypsum plaster, which is a vital interior finishing material and fire-proofing material for walls and ceilings in buildings. Rising urbanization along with growing residential and commercial construction projects across both developed and developing regions has augmented the demand for calcium sulphate.

SWOT Analysis
Strength: Calcium sulphate has a wide range of applications across construction, agriculture and pharmaceutical industries which drives its demand. It is abundant in nature and has low production cost. Calcium sulphate has high strength and can withstand weathering which extends its shelf life in construction applications.

Weakness: Fluctuations in raw material prices impacts the overall production cost of calcium sulphate. Transportation of calcium sulphate over long distances increases the cost of end products.

Opportunity: Growing construction activities in developing countries of Asia Pacific and Middle East & Africa is expanding the market for plasterboards, cement and other construction applications of calcium sulphate. Rising demand for fertilizers and pharmaceutical products also presents opportunities.

Threats: Stringent environmental regulations regarding mining and production activities pose challenges. Substitute products like plaster of paris and cement can replace calcium sulphate in certain applications.

Key Takeaways
Global Calcium Sulphate Market Size is expected to witness high growth.

The Asia Pacific region dominates the global market owing to rising population, rapid urbanization and increasing construction spending in major economies like China and India. Countries like China, India, Thailand, Indonesia are major consumers as well as producers of calcium sulphate. Rapid infrastructure growth and rising agricultural output in these countries will drive the demand for calcium sulphate during the forecast period.

Key players operating in the calcium sulphate market are Leonhard Lang, Nissha Medic, USG Corporation, American Gypsum, Georgia-Pacific, PABCO Gypsum, Continental Building Products. These companies have strong production facilities and distribution network across major regions to cater growing industrial demand. Strategic collaborations and capacity expansions remain key strategies of major players to strengthen their market position.

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