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| Calcium Sulphate Market |
Market Overview:
The global calcium sulphate market is projected to reach a value of US$ 1.91 billion by 2023, with a
compound annual growth rate CAGR of 5.9%
during the forecast period of 2023-2030. Calcium sulphate is extensively
used in various industries such as construction, agriculture, and food &
beverage, due to its unique properties. The market for calcium sulphate is
driven by its advantages, including fire resistance, moisture absorption, and
soil improvement. Calcium sulphate is widely utilized in the construction
industry for the production of gypsum boards, plasters, and other building
materials. In addition, the increasing demand for calcium sulphate in
agriculture for improving soil fertility and the growing utilization of the
product as a food additive are further boosting market growth.
Market Key Trends:
One of the key trends observed in the calcium sulphate market is the increasing
adoption of synthetic calcium sulphate. Synthetic calcium sulphate is produced
by the reaction of calcium carbonate with sulphuric acid or other sulphates. It
offers several advantages over natural calcium sulphate, such as better control
of chemical composition and enhanced product consistency. Synthetic calcium
sulphate finds applications in various industries, including construction,
healthcare, and agriculture. Its increasing usage in pharmaceutical formulations,
dental materials, and bone cements is expected to drive market growth.
Moreover, synthetic calcium sulphate is also preferred in the construction
industry due to its superior properties and cost-effectiveness.
Segment Analysis:
The Global
Calcium Sulphate Market can be segmented based on product type,
application, and region. In terms of product type, the market can be divided
into anhydrite and gypsum. Gypsum is the dominating segment in the Calcium
Sulphate market. Gypsum is widely used in the construction industry for wall
plastering, ceiling tiles, and drywall applications. It offers easy
workability, sound insulation, fire resistance, and low cost, which makes it
highly preferred in the construction sector. The growing construction activities,
especially in developing economies, is fueling the demand for gypsum, driving
the growth of the Calcium Sulphate market.
Key Takeaways:
The global Calcium Sulphate market is expected to witness high growth,
exhibiting a CAGR of 5.9% over the
forecast period from 2023 to 2030. This growth can be attributed to several
factors. Firstly, the increasing construction activities globally, especially
in emerging economies, is driving the demand for Calcium Sulphate products.
Additionally, the growth of the automotive industry, where Calcium Sulphate is
used for manufacturing ceramics and molds, is further contributing to market
growth.
In terms of regional analysis, Asia Pacific is the fastest-growing and
dominating region in the Calcium Sulphate market. Rapid urbanization,
increasing population, and government initiatives to promote infrastructure
development are driving the construction sector in countries like China and
India. This, in turn, is fueling the demand for Calcium Sulphate products in
the region. Moreover, the expanding automotive industry in Asia Pacific is also
contributing to market growth.
Key players operating in the Calcium Sulphate market include Knauf Gips KG,
LafargeHolcim, National Gypsum Company, Saint-Gobain Group, Yoshino Gypsum Co.,
Ltd., ACG Materials, Anhydritec, BNZ Materials Inc., American Gypsum, and
Gyptec Iberica. These key players are focusing on product innovation, strategic
collaborations, and mergers and acquisitions to strengthen their market
presence and gain a competitive advantage.
In conclusion, the Calcium Sulphate market is expected to witness significant
growth due to the increasing demand from the construction and automotive
industries. The Asia Pacific region is projected to dominate the market in
terms of both production and consumption. Key players in the market are
adopting various strategies to maintain their market position and expand their
product offerings.
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More: https://www.dailyprbulletin.com/calcium-sulphate-market-size-and-share/