In 2023, the calcium sulfate market is expected to be worth US$ 266.84 billion, and by 2033, It is expected to reach US$ 338.54 billion. Calcium sulfate sales are expected to grow at a CAGR of 4.1% over the forecast period.
The melting point of calcium sulfate is 1,400°C. It is a white, odorless powder. In nature, it can be found as both a hydrated and anhydrous powder. Calcium sulfate can be found in a variety of forms, including selenite, satin, light spar, terra alba, and satinite. When calcium sulfate is heated, a considerable amount of water molecules are released, resulting in plaster of Paris (POP).
POP hardens into a mass when mixed with water and can be used to manufacture plaster casts, wall plasters, and other items. Furthermore, calcium sulfate is used as a drying agent in laboratories, a coating agent in the paper industry, a color pigment in paintings, and a soil conditioner in agriculture.
The rise in the use of calcium sulfate in construction products such as rapid setting cement, plaster of Paris, and wall plasters is the primary factor driving the growth of the worldwide calcium sulfate market. It is also commonly used in dental offices as a tool for generating casts or dental imprints, which aids market growth.
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The rising pulp and paper industry is driving demand for calcium sulfate, which is used as a surface sizing agent and a pigment to generate coated paper with high brightness and whiteness. Furthermore, the market is expected to expand at a quicker rate due to an increasing demand for calcium sulfate as a calcium supplement that is necessary for cell and bone formation.
The market is also expected to grow due to an increase in the use of calcium sulfate as a desiccant and an inactive component in pharmaceuticals. The rapidly expanding applications across numerous end-use sectors, as well as rising demand from emerging nations, are expected to provide potential development chances for market expansion.
Given the increasing demand for calcium sulfate in emerging markets such as China and India, the Asia-Pacific region held the largest market share for calcium sulfate in 2022 and is expected to maintain that position in the future. China is expected to maintain its dominance in the calcium sulfate market over the forecast period. This is due to the country’s expanding building industry. The demand for calcium sulfate as an additive, reducing agent, and drying agent is expected to expand over the anticipated period, and this is proving to be a key driver of calcium sulfate market expansion in this region.
KEY TAKEAWAYS
- The market in the United States has grown significantly in 2022 holding a 10.7% share of the global market.
- The market in China is expected to grow at a CAGR of 4.1% over the forecast period.
- The market in the United Kingdom is anticipated to grow at a CAGR of 2.7% through 2033.
- With a CAGR of 5.8% over the forecast period, India is predicted to grow rapidly in the market.
- Germany accounted for 3.8% of the global market in 2022.
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COMPETITIVE LANDSCAPE
The top manufacturers of the calcium sulfate market are USG Corporation, Solvay SA, Honeywell International Inc., Beijing New Building Materials PLC, Penta Manufacturing Company, Boral Limited, Compagnie de Saint-Gobain SA, YOSHINO GYPSUM CO., LTD., JONOUB GYPSUM, PABCO Building Products, LLC, Celtic Chemicals Limited, Georgia-Pacific LLC, and among others.
To meet the rising demand from several end-use sectors, such as construction, food and beverage, and pharmaceuticals, manufacturers in the calcium sulfate market are concentrating on creating high-quality goods. In order to lessen their influence on the environment and adhere to rules, they are also implementing sustainable production techniques. Also, to reach new markets and boost their market share, firms are extending their global reach through strategic alliances and acquisitions.
RECENT DEVELOPMENTS
- In July 2022, Alberta-based CGC Inc., a Canadian unit of USG Corporation, aims to open a brand-new, slashing wallboard manufacturing facility in Wheatland County. This investment could further enable CGC to provide even greater service to its devoted customers in Alberta and the West, and it also demonstrates CGC’s commitment to the Canadian market.
- In order to reduce the cost of building construction and boost productivity and speed of implementation, Jonoub Gypsum Co. started manufacturing its new product, “Mixed soil and gypsum (Soil Gypsum)” in July 2018.
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