The Global Calcium Sulphate Market Growth Accelerated By Wide Range Of Industrial Applications

 

Calcium Sulphate Market 

Calcium sulphate, also known as gypsum, is an inorganic, white or colorless mineral that finds wide applications in building material, agriculture, dental work, medical application, and more. It is widely used in making plaster of Paris, which helps provide strength and support in making statues, ornaments, and medical casts. Calcium sulphate also acts as fertilizer and plays a crucial role in improving soil quality and enhancing crop yield.

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 6.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the key trends driving the growth of the calcium sulphate market is its increasing demand from the construction industry. Calcium sulphate plays a vital role in making plaster, which is used on interior walls and ceilings for decorative purposes. It provides strength, holds paints and wallpapers well, and offers an even surface. With rapid urbanization and growth of the construction sector globally, the demand for plaster and other building materials is increasing exponentially, which in turn is fueling the calcium sulphate market growth. Factors such as rising disposable income, growing population, and increasing investment in infrastructure development are expected to drive the construction industry during the forecast period, thereby accelerating the market growth of calcium sulphate.
Segment Analysis

The global calcium sulphate market analysis is segmented by type into hemihydrate, anhydrite, and others. The hemihydrate segment is dominating the market and is expected to witness high growth during the forecast period. Hemihydrate, also known as bassanite, is the most common form of calcium sulphate used industrially due to its fast setting properties. It is widely used for making plaster of Paris and building construction activities.

Key Takeaways

The global calcium sulphate market is expected to witness high growth. Regional analysis related content comprises The Asia Pacific region is expected to be the fastest growing as well as dominating region in the global calcium sulphate market during the forecast period. The growth in the region is driven by presence of developing economies like India and China with significant investment in infrastructure development and construction activities.

Key players operating in the calcium sulphate market are Samsung, Apple Inc., Microsoft Corporation, Mozo Accessories, iLuv Creative Technology, Energizer, Case-mate, and Muvit. The market is concentrated in nature with leading players accounting for major share. Players are focusing on investment in advancing production technologies to cater to the increasing product demand

Get more insights on this topic: https://www.newswirestats.com/calcium-sulphate-market-industry-insights-trendscalcium-sulphate-market-2023-2030/

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