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| Global Calcium Sulphate Market Size |
Calcium sulphate are widely used in construction industry for making drywall,
cement, plaster stucco etc due to its various advantages like high strength,
fire resistance and durability properties. It is also used for making molds and
casts in medical applications.
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 key trends:
Rising constructional activities is one of the key trends driving the growth of
calcium sulphate market. Rapid growth in construction sector especially in
emerging economies owing to rising population, urbanization and
industrialization is significantly increasing the demand of calcium sulphate
products like drywall, cement etc. It has high strength yet lightweight
properties making it ideal for construction applications. Increasing disposable
income is enabling spending on new residential and commercial construction
which in turn is supplementing the market growth over the forecast period.
Governments across various countries are also investing heavily in
infrastructural projects which is expected to propel the calcium sulphate
market growth.
Segment Analysis
Calcium Sulphate market is segmented into hemihydrate and anhydrous calcium
sulphate (gypsum) based on type. Hemihydrate is the most dominating sub-segment
owing to its widespread application in construction industries for wallboard
production and plastering. It has high strength, forms hard surfaces, and sets
fast as compared to anhydrous calcium sulphate.
Key Takeaways
Global
Calcium Sulphate Market Size is expected to witness high growth over
the forecast period of 2023 to 2030. The market size for 2023 is estimated to
be US$ 1.91 Billion.
Regional analysis: Asia Pacific dominates the global Calcium Sulphate market
and is expected to continue its dominance over the forecast period. Rapidly
growing construction and infrastructure industries in China and India are
driving the growth of the market in Asia Pacific.
Key players operating in the Calcium Sulphate market are Leonhard Lang, Nissha
Medic. Leonhard Lang is a leading player offering superior quality hemihydrate
calcium sulphate for construction applications.
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