Calcium Sulphate Market Size Worth $3.5 Billion By 2030: IndustryARC
Research Reports
Sep 04, 2024
Global Calcium Sulphate Market size is predicted to reach $3.5 billion by 2030, growing at a CAGR of 4.8% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. The growing demand for sustainable building materials and the increasing focus on eco-friendly construction practices are the primary drivers of market expansion, propelling the growth of the Calcium Sulphate industry, finds IndustryARC in its recent report, titled “Calcium Sulphate Market – By Form Type (Anhydrous and Hydrated), By Grade (Technical Grade, Food & Pharma Grade and Others), By Function (Coagulant, Thickening Agent, Excipient, Desiccant, Additive, Intermediate, Colorants, Coating Agent, Drying Agent, Anti-Caking Agent and Others), By End-use Industry: Food & Beverages, Cosmetic & Personal Care, Pulp & Paper, Building & Construction (Residential, Commercial, Industrial, Infrastructure), Chemical & Petrochemical, Pharmaceutical & Healthcare, Agriculture, Mining and Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2024-2030”
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Asia Pacific to Register Highest Growth:
In 2023, Asia Pacific held the third-largest market share for Calcium Sulphate, with 43%, after Europe and North America. This growth is driven by the region’s rapid urbanization, increasing investments in infrastructure projects, and the rising demand for sustainable building materials. The construction boom, coupled with growing awareness of eco-friendly practices, is fueling the demand for Calcium Sulphate across various sectors, including residential, commercial, and industrial construction.
Calcium Sulphate Market 2023-2030: Scope of the Report
|
Report Metric |
Details |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
CAGR |
4.8% |
|
Market Size in 2030 |
$3.5 billion |
|
Segments Covered |
By Form Type, By Grade, By Function, By End User, and By Region |
|
Geographies Covered |
North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
|
Key Market Players |
1. LafargeHolcim Ltd. 2. Knauf 3. American Gypsum 4. National Gypsum Company 5. Saint-Gobain Group 6. Carmeuse 7. Graymont Limited 8. Mississippi Lime Company 9. Honeywell International Inc. 10. MAPEI |
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Calcium Sulphate Market Report – Key Takeaways:
- Growing Demand in the Building & Construction Industry
The Calcium Sulphate market is experiencing a surge in demand driven by its extensive use in the building and construction industry. As a key component in drywall, plasters, and flooring materials, Calcium Sulphate is essential for creating strong, durable, and fire-resistant structures. The ongoing global urbanization, coupled with infrastructure development projects, is driving the need for high-quality construction materials. This trend presents significant growth opportunities for companies offering advanced Calcium Sulphate products tailored to meet the evolving needs of the construction sector.
- Increasing Use in the Food & Beverages Industry
The Food & Beverages industry is increasingly incorporating Calcium Sulphate as a food additive and processing aid. Its role as a coagulant in tofu production, a calcium fortifier in baked goods, and an anti-caking agent in various food products highlights its versatility. The growing consumer demand for fortified and processed foods is fueling the adoption of Calcium Sulphate across the food industry. This driver is expected to boost market growth, particularly as manufacturers seek to enhance product quality and nutritional value.
- Rising Application in the Pharmaceutical & Healthcare Sector
Calcium Sulphate is gaining traction in the pharmaceutical and healthcare sectors due to its use as an excipient, a desiccant, and a source of calcium in various formulations. Its biocompatibility and safety profile make it ideal for use in drug delivery systems, bone grafts, and dental applications. The increasing focus on health and wellness, along with advancements in medical technologies, is propelling the demand for Calcium Sulphate in this sector. Companies that specialize in high-purity, pharmaceutical-grade Calcium Sulphate can capitalize on this growing trend.
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Key Opportunity Analysis:
Expansion in the Food & Beverages Industry
The growing global demand for processed and fortified foods presents a significant opportunity for the Calcium Sulphate market. As a versatile additive used as a coagulant, firming agent, and anti-caking agent, Calcium Sulphate is integral to various food production processes. The increasing consumer preference for high-quality, nutritious food products is driving food manufacturers to adopt Calcium Sulphate in their formulations. Companies that offer food-grade Calcium Sulphate with enhanced purity and functionality can capitalize on this expanding market, especially in the production of tofu, baked goods, and dairy products.
Growth in the Building & Construction Sector
The ongoing wave of urbanization and infrastructure development worldwide is driving the demand for durable and sustainable construction materials. Calcium Sulphate, used in drywall, plasters, and flooring compounds, is essential for building fire-resistant and structurally sound constructions. The increasing focus on green building practices and energy-efficient construction is further boosting the demand for Calcium Sulphate-based products. Companies that innovate with eco-friendly and high-performance Calcium Sulphate solutions can seize growth opportunities in this expanding market, particularly in the residential and commercial construction sectors.
Opportunities in the Pharmaceutical & Healthcare Industry
The pharmaceutical and healthcare sectors are witnessing increased demand for Calcium Sulphate, driven by its applications in drug formulations, bone grafts, and dental materials. Its biocompatibility and ability to serve as a calcium source in various medical treatments make it a valuable component in the healthcare industry. As the global focus on health and wellness intensifies, along with the development of advanced medical technologies, the demand for high-purity, pharmaceutical-grade Calcium Sulphate is expected to rise. Companies that specialize in medical and healthcare applications of Calcium Sulphate can tap into this lucrative market.
Emerging Applications in the Agriculture Sector
Calcium Sulphate is increasingly being recognized for its benefits in soil conditioning and crop enhancement in the agriculture sector. As a soil amendment, it improves soil structure, enhances water infiltration, and provides essential nutrients like calcium and sulfur, promoting healthier crop growth. The rising global demand for sustainable agricultural practices and the need to boost crop yields to meet food security challenges offer significant growth opportunities for Calcium Sulphate suppliers. Companies that provide high-quality, agricultural-grade Calcium Sulphate can expand their market presence by addressing the needs of modern, sustainable farming.
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The report also covers the following areas:
- Calcium Sulphate Market Size and Forecast
- Calcium Sulphate Market Trends
- Calcium Sulphate Market Analysis by Product Type
Calcium Sulphate Market 2024-2030: Key Highlights
- CAGR of the market during the forecast period 2024-2030
- Value Chain Analysis of key stakeholders
- Detailed analysis of market drivers and opportunities during the forecast period
- Calcium Sulphate Market size estimation and forecast
- Analysis and predictions on end users’ behavior and upcoming trends
- Competitive landscape and Vendor market analysis including offerings, developments, and financials
- Comprehensive analysis of challenges and constraints in the Calcium Sulphate Market
Covid and Ukrainian Crisis Impact:
- The Covid-19 pandemic significantly impacted the Calcium Sulphate market, causing disruptions across the supply chain. Lockdowns, travel restrictions, and labor shortages led to delays in the manufacturing and distribution of Calcium Sulphate products. The construction, food & beverages, and pharmaceutical sectors, which are key end-users of Calcium Sulphate, faced production slowdowns and reduced demand during the pandemic.
- The ongoing conflict between Russia and Ukraine has introduced further challenges to the Calcium Sulphate market by disrupting global supply chains and increasing the cost of raw materials. The region is a key supplier of certain minerals and resources essential for Calcium Sulphate production.
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List of Key Market Players in the Calcium Sulphate Market:
The Global Calcium Sulphate Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:
- LafargeHolcim Ltd.
- Knauf
- American Gypsum
- National Gypsum Company
- Saint-Gobain Group
- Carmeuse
- Graymont Limited
- Mississippi Lime Company
- Honeywell International Inc.
- MAPEI
Related Reports:
Magnesium Sulfate Market: Rising globally due to the growing population, the need to increase the yield is likely to drive the demand for magnesium sulfate in fertilizer production.
Potassium Sulphate Market: There has been an increase in agricultural schemes by government bodies to initiate the development of modern technology and high yield crops, which is increasing the demand for potassium sulphate and its application as a fertilizer and consecutively driving the market growth.
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