Calcium sulphate or gypsum is a natural mineral found in abundance in nature. It exists in two forms, namely, dihydrate and hemihydrate forms with dihydrate form being the most common. Calcium sulphate has wide applications in construction, industrial materials, agriculture, medical and other industries owing to its properties like fire resistance, moisture resistance, strength, ease of processing and low cost. Its usage in construction as cement additive, making plaster of Paris, cement panels, drywall panels and others helps in lightweight building and fire protection.

The 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:

One of the major trends propelling the growth of the Global Calcium Sulphate Market Size is increasing usage of calcium sulphate in the construction industry. As per estimates, around 60-70% of calcium sulphate produced globally is consumed by the construction industry for various applications like cement production, plastering, making drywall panels and others. The rapidly growing construction activities globally due to rising population and urbanization is directly increasing the demand for calcium sulphate. Additionally, calcium sulphate also finds use in several other industries like agriculture, medical, dental, food and others which is also fuelling the market growth over the forecast period.

Porter’s Analysis

Threat of new entrants: The threat of new entrants is moderate as the entry barrier like economies of scale, capital requirement, government regulations are moderate for calcium sulphate market.

Bargaining power of buyers: The bargaining power of buyers is moderate as the calcium sulphate has applications across diverse industries like construction, medical etc.

Bargaining power of suppliers: The bargaining power of suppliers is high as raw materials like limestone, coal, phosphoric acid needed for calcium sulphate production have few large suppliers globally.

Threat of new substitutes: The threat of new substitutes is low as calcium sulphate has limited substitutes for applications like plasterboards, stucco etc.

Competitive rivalry: High due to presence of large global players.

SWOT Analysis

Strength: Wide applications in construction, healthcare industries. Ability to be produced efficiently at large scales.

Weakness: Fluctuating raw material prices affects production costs. Labour intensive production process increases costs.

Opportunity: Increasing construction activities in developing nations. Growing demand for medical grade gypsum.

Threats: Stringent environmental regulations over emissions during production. Availability of substitute materials in some applications.