Plasterboard is the fastest growing segment fueling the growth of Calcium Sulphate Market

 

Calcium sulphate finds wide applications as a building material such as in construction of roads, buildings and infrastructure development activities owing to its properties such as high strength, moisture-resistant and fireproof. Plasterboard made of calcium sulphate has emerged as a highly preferred building material compared to traditional lime plaster owing to its advantages such as ease of installation, durability and ability to provide a smooth and crack-free surface finish.


Market Overview:

Calcium sulphate exists in two forms - hemihydrate and dihydrate. It is widely used as a drying agent in many industries such as pharmaceutical, food, chemical, construction and agriculture. In construction, calcium sulphate finds major application in making plaster of Paris, mouldings, floor levelling compounds and plasterboards.

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 key trends:

The growing infrastructure development and construction spending worldwide especially in emerging countries is fueling the demand for plasterboards made of calcium sulphate. Key construction projects in Asia Pacific such as China's Belt and Road Initiative and India's Smart Cities Mission are boosting the usage of plasterboards owing to advantages they offer over traditional lime plaster in terms of speed of installation, seamless finish and durability.

Segment Analysis

The Global Calcium Sulphate Market Size is segmented as hemihydrate and anhydrous calcium sulphate. Hemihydrate calcium sulphate dominates the market and holds around 85% share due to extensive usage in construction sector for applications such as plastering and cement. It has strong bonding properties allowing structures to dry quickly and hold securely.

Key Takeaways

The global calcium sulphate market is expected to witness high growth, exhibiting CAGR of 5.9% over the forecast period, due to increasing construction activities globally.

Regional analysis

Asia Pacific dominates the global market and is expected to grow at the fastest rate during the forecast period. This is attributed to rising infrastructural development and construction industry in China, India and other developing nations. North America and Europe hold significant shares due rapid growth in residential and commercial construction.

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. Knauf Gips KG leads the market with its premium products used for making plaster boards, ceilings and partitions.

For More Insights, Read- https://www.newsstatix.com/calcium-sulphate-market-size-share-analysis-2023-2030/

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