Calcium Sulphate Market Driven By Growing Construction Activities

 

Calcium Sulphate Market

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 from 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Calcium sulphate finds application across various industries like construction, pharmaceutical, agriculture, food processing and many more. It is extensively used as a building material for making plaster, stucco, masonry, screed and cement. It hardens when mixed with water and provides strength while improving workability of concrete.

 

Market Overview:

Calcium sulphate consists of calcium ions and sulfate ions. It exists in two forms - dihydrate (bassanite) and hemihydrate (plaster of Paris). Calcium sulphate products are used in construction, industrial manufacturing and multiple other processes. Properties like quick drying, water resistance and durability make calcium sulphate suitable for varied end-use applications.

 

Market key trends:

One of the key trends in the calcium sulphate market is increasing demand from the construction industry. Calcium sulphate finds widespread usage in the construction sector, primarily in wallboards, plaster, stucco and floor screed. Rapid urbanization and infrastructure development across the globe are driving the consumption of calcium sulphate in construction activities. Growing construction of residential and commercial buildings especially in emerging nations of Asia Pacific and Latin America is a major factor propelling the demand. This rising construction boom is expected to continue over the forecast period, thereby augmenting the market of calcium sulphate.

Segment Analysis

The global calcium sulphate market is segmented into hemihydrate and dihydrate. The hemihydrate segment dominates the market and is expected to witness significant growth during the forecast period. Hemihydrate has high demand due to its ability to set in a shorter time as compared to dihydrate. It also does not require additional water for hydration reaction unlike dihydrate. Therefore, it is widely used for making plaster of paris and construction industry.

 

Key Takeaways

The Global Calcium Sulphate Market Size is expected to witness high growth, exhibiting CAGR of 5.9% over the forecast period, due to increasing construction activities worldwide.

 

Regional analysis

Asia Pacific dominates the global calcium sulphate market and is expected to grow at the fastest rate during the forecast period. Rapid urbanization and infrastructure development projects in emerging economies like China and India are driving the demand for calcium sulphate in this region.

 

Key players

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.

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https://www.dailyprbulletin.com/calcium-sulphate-market-size-share-growth-outlook-2023/

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