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The Calcium Sulfate Market size was valued at around USD 6.83 Billion in 2023 and is expected to reach a value of USD 324.54 Billion by 2031, at a CAGR of 4.1 % over the forecast period (2024–2031).
The market of calcium sulfate is growing due to the expanding pulp and paper industry. It can be used as a surface sizing agent and as a pigment to create coated paper with a high level of brightness and whiteness. Furthermore, it is projected that the growing need for calcium sulfate as a calcium supplement, which is crucial for bone and cell growth, and as a desiccant in the anhydrite form in the pharmaceutical and healthcare sectors will propel the industry's growth throughout the projection period.
The increasing use of calcium sulfate as a soil amendment in agriculture is a noteworthy development because of its ability to enhance soil structure and nutrient absorption. The environmental benefits of calcium sulfate, together with its many uses, make it a valuable component of the agricultural industry as sustainable techniques gain traction. Because calcium sulfate is highly recyclable, it presents an opportunity in light of the expanding sustainability trend. It can be recycled for a number of uses, including making drywall, plaster, and agricultural supplements. Due to its recyclability, fewer new raw materials are required, which helps preserve resources. The growing consumer awareness of the benefits of calcium sulfate powder and how it supports bone health has also played a major role in the market expansion. The market has grown as a result of the pharmaceutical industry's growing use of calcium sulfate crystals in the manufacture of various drug formulations.
Additionally, there are lots of opportunities in the calcium sulfate market, which may be explained by a number of factors. For instance, market participants have access to profitable expansion opportunities due to the growing construction sector in developing countries like China and India. The substance's demand is expected to increase over the course of the forecast period as more individuals become aware of the benefits of using calcium sulfate in animal and agricultural feed applications.
Growing Demand in Construction Industry
Rising Demand in Agriculture Sector
Increasing Use of Synthetic Gypsum
Growing Demand for Calcium Sulfate in Food and Pharmaceutical Industries
Environmental Regulations and Sustainability Concerns
In July 2022: A new, cutting-edge wallboard production facility is planned for Wheatland County by USG Corporation's Canadian subsidiary, CGC Inc., with its headquarters in Alberta. In addition to showing CGC's dedication to the Canadian market, this investment may allow it to offer its loyal consumers in Alberta and the West even more service.
The report will cover the qualitative and quantitative data on the global Calcium Sulfate Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.
Study Period | 2024-31 |
Base Year | 2023 |
Estimated Forecast Year | 2024-31 |
Growth Rate | CAGR of 4.1% from 2024 to 2031 |
Segmentation | By Form, By Grade, By Function, By End User, By Region |
Unit | USD Billion |
By Form |
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By Grade |
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By Function |
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By End User |
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By Region |
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The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2024-2031 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
The report also helps in understanding Global Calcium Sulfate Market dynamics, structure by analyzing the market segments, and project the Global Calcium Sulfate Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Calcium Sulfate Market make the report investor’s guide.
The market scope is segmented because of by Form, by Grade, by Function, by End User.
Based on the Form of the market is segmented into Anhydrous, Hydrated.
The industry that produced calcium sulfate in its anhydrous state held the largest share of the market in 2023, and over the forecast period of 2024–2030, it is anticipated to increase at a CAGR of 4.6%. An odorless, fine white powder or crystalline solid is the anhydrous form. It is used for a wide range of purposes, including making cement and filler for paper manufacturing. When added to pulp and paper, calcium sulfate in its anhydrous form improves the paper's quality by making it stiffer, brighter, and easier to write, print, and draw on. Furthermore, the anhydrous or anhydrite form of calcium sulfate can be used as a desiccant in dental and other medical disciplines. Its segmental expansion is therefore being driven by the features that all of them exhibit, making the anhydrous form of calcium sulfate a preferable option over the other forms.
Based on the End User of the market is segmented into Healthcare, Ore Mining, Construction, Agrochemicals, Food & Beverages, Cosmetic & Personal Care, Pharmaceuticals, Paints & Coatings, Paper.
The Ore mining was the primary application segment, accounting for nearly half of the demand. As a precipitating and flocculating agent, the material is used in several industries, such as the steel and paper industries. It functions as a critical nutrient for plant growth and improves soil quality by increasing the availability of minerals like phosphorus and nitrogen, which are essential for plant growth. The market with the greatest anticipated growth during the projection period is healthcare. The reason behind this is the growing knowledge of the advantages of calcium sulfate in treating a range of medical disorders, including osteoporosis, heart disease, and hypertension. Because of its antioxidant qualities, the substance is widely utilized in the food and cosmetics industries. According to estimates, the greatest application segment is cement. Its expansion can be attributed to the rising need for affordable building supplies and the betterment of regional infrastructure. The device finds use in a multitude of applications, including water filtration systems, road and bridge construction, and building and construction.
By region, Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. The Asia-Pacific region held approximately 43% of the global market in 2023 because to the increased demand for calcium sulfate in developing countries such as China, Japan, India, and South Korea. For the duration of the forecast period, China is expected to hold the top spot in the calcium sulfate market. The expansion of the building and construction industry in the region is the reason for this. It is anticipated that the Japanese construction industry will grow since Osaka, Japan will host the 2027 World Expo. The six-month event, predicted to generate $15 billion in revenue, is anticipated to draw 30 million attendees.
North America is expected to have the fastest growth rate in the global calcium sulfate market over the course of the forecast period. This is the outcome of increased demand from several end-use industries, such as healthcare and agriculture. It is anticipated that the region will also gain from important firms investing more in new production facilities. It is anticipated that calcium sulfate will hold the second-largest regional market share in Europe, with about 20.0%. This is primarily due to the fact that countries such as Germany and Italy, who are major producers and consumers of cement and lime kiln dust, respectively, are big consumers of this commodity. The growing demand from other end-use industries, including as mining and construction, is also expected to generate a significant increase in the region.
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04 Jan 2024