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 5.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Calcium Sulphate, also known as Gypsum, is a calcium-based mineral most commonly employed as a fertilizer and as a solidifying agent. It consists of hydrated calcium sulphate and exists in both the natural form as well as manufactured form. Calcium Sulphate finds wide applications across various end use industries such as construction as it is used as a sculpting material or to make molds for plaster casts. The agricultural industry also utilizes Calcium Sulphate as a fertilizer for its sulphur content that enriches the soil. Calcium Sulphate provides several advantages such as moisture durability, fire resistance and strength to construction materials.
Market key trends:
Rising demand for automation in mining activities is a key trend that is poised to boost the Calcium Sulphate market growth over the forecast period. Automation helps to alleviate unhealthy and unsafe working conditions, improve efficiency as well as productivity, reduce costs and ensure continuity of mining operations. Self-driving trucks and robotic drilling are some automated technologies that are gaining acceptance in mining activities. This is expected to propel the mining of raw material source of Calcium Sulphate such as gypsum leading to increased supply and demand for Calcium Sulphate over the coming years.
Porter’s Analysis
Threat of new entrants: Calcium sulphate market requires high initial investments, thereby limiting threat from new entrants. Strict government regulations on mining activities pose as a barrier.
Bargaining power of buyers: Large buyers have relatively higher bargaining power due to the consolidated nature of demand. However, availability of substitutes maintains a balance.
Bargaining power of suppliers: Major suppliers possess moderate bargaining power owing to established supply chains and availability of substitutes.
Threat of new substitutes: Substitutes like cement poses minimal threat as calcium sulphate has distinct properties and widely accepted construction material.
Competitive rivalry: The market is dominated by few prominent players. Intense competition exists based on product differentiation, price, and quality.
Key Takeaways
The Global Calcium Sulphate Market Size was valued at US$ 1.91 Bn in 2023 and is expected to witness high growth, exhibiting CAGR of 5.9% over the forecast period, due to increasing application in construction industry. Regionally, Asia Pacific dominated the global market in 2023 and projected to maintain its lead over 2023-2030. Accelerated infrastructure development and growing construction activities in China, India are fueling the regional market.
The construction industry accounted for the largest share of over 60% in the global calcium sulphate market in 2023. Calcium sulphate finds widespread usage in making plaster of Paris, cement, and concrete owing to properties like fire resistance, strength, and moisture resistance. Rapid urbanization and infrastructure development across developing nations continue to drive its adoption in the construction of buildings, bridges, and other civil engineering works.
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. Players are investing in expanding production facilities and enhancing product offerings to leverage growth opportunities. Saint-Gobain Group, Knauf Gips, and National Gypsum Company captured over 40% of the global market share in 2023.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it