Calcium Sulfate Market Overview
The Calcium Sulfate Market size is estimated to reach US$3.1 billion by 2027, after growing at a CAGR of 4.8% during the forecast period 2022-2027. Calcium sulfate is an inorganic substance, also known as gypsum, that has relatively low toxicity and is available in solid form and in various particle sizes. The growing pulp & paper sector is driving the calcium sulfate market growth, to be utilized as a surface sizing agent and to be applied as a pigment to manufacture coated paper of high brightness and whiteness. Moreover, the increasing requirement for calcium sulfate as a desiccant in the anhydrite form in the pharmaceutical & healthcare industry and also as a calcium supplement, which is important for cell and bone growth and as a whitening or coloring agent, is anticipated to upsurge the growth of the calcium sulfate industry during the forecast period. The global economic downturn caused by the COVID-19 pandemic resulted in a huge drop in building & construction, chemicals, cosmetics, pulp & paper and other end-use industries all across the world, which had a significant impact on the growth of the calcium sulfate market size.
Calcium Sulfate Market Report Coverage
The
“Calcium Sulfate Market Report – Forecast (2022 - 2027)” by
IndustryARC, covers an in-depth analysis of the following segments in the calcium sulfate industry.
By Form Type: Anhydrous and Hydrated.
By Grade: Technical Grade, Food & Pharma Grade and Others.
By Function: Coagulant, Thickening Agent, Excipient, Desiccant, Additive,
Intermediate, Colorants, Coating Agent, Drying Agent, Anti-Caking Agent and
Others.
By End-use Industry: Food & Beverages, Cosmetic & Personal Care, Pulp & Paper,
Building & Construction (Residential, Commercial, Industrial,
Infrastructure), Chemical & Petrochemical, Pharmaceutical & Healthcare,
Agriculture, Mining and Others.
By Geography: North
America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy,
Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan,
India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and
Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of
South America), Rest of the World (the Middle East and Africa).
Key Takeaways
- The Asia-Pacific region dominates the Calcium Sulfate market owing to the
rising growth in the food & beverages industry. For instance, in February
2022, TH Group commenced the development of the Thai Binh food processing
factory in the northern province of Thai Binh's Quynh Ph district in Vietnam.
The overall cost of the project reached up to VND 620 billion (US$27 million)
and aims at producing fresh, clean and completely natural food products.
- Rapidly rising demand for Calcium Sulfate in the pulp & paper industry as a surface sizing
agent and to be applied as a pigment to manufacture coated paper of high
brightness and whiteness, has
driven the growth of the calcium
sulfate market.
- The increasing demand for Calcium Sulfate in the pharmaceutical & healthcare sector,
due to its usage as a calcium
supplement, has been a
critical factor driving the growth of the calcium sulfate market in the upcoming years.
- However, the health effects associated with calcium sulfate can hinder the
growth of the calcium sulfate
market.
Figure: Calcium Sulfate Market Revenue Share, By Geography, 2021 (%)
Calcium Sulfate Market Segment Analysis – by Form
The anhydrous form segment held the largest Calcium Sulfate market share in 2021 and is expected to grow at a CAGR of 4.6% during the forecast period 2022-2027. The anhydrous form is a fine white odorless powder or crystalline solid. It is employed in a large number of applications such as in the production of cement and as a filler in paper production. The anhydrous form of calcium sulfate, when utilized as a filler in pulp & paper production, enhances the quality of paper and makes it firmer, brighter and easier to draw, print and write on. Also, the anhydrous or anhydrite form of calcium sulfate can be used as a desiccant in the healthcare sector such as in dentistry. Thus, all these exhibit characteristics of the anhydrous form of calcium sulfate make it a preferred choice over the other forms of calcium sulfate which is driving its segmental growth.
Calcium Sulfate Market Segment Analysis – by End-use Industry
The building & construction industry held a significant Calcium Sulfate market share in 2021 and is forecasted to grow at a CAGR of 5.2%
during the forecast period 2022-2027. In the
building & construction industry, calcium sulfate is utilized as an
additive in aerated blocks, as a shrinkage reducing agent and in cement
mixtures. It is used as a raw material for manufacturing various construction
products such as plasters, drywall and other products. The building and
construction industry is growing, for instance, according to the U.S Department
of Commerce, the privately owned housing units authorized by building permits
in March 2022 were around 1,873,000 which is 0.4% above February 2022 of
1,865,000 units and is 6.7% above March 2021 of around 1,755,000 units.
Moreover, according to Statistics of Japan, the number of construction contract
orders went from 6,00,46,960 units in 2020 to 6,36,10,223 in 2021 and has
witnessed a growth in 2021 (Jan-July) compared to 2020(Jan-July). Thus, the
growing building and construction industry will require more calcium sulfate
due to their exhibit characteristics, which will drive the demand for the calcium
sulfate market growth during the forecast period.
Calcium Sulfate Market Segment Analysis – by Geography
Asia-Pacific
region held the largest Calcium Sulfate
market share in 2021 up to 45%, due to
the increasing requirement for calcium sulfate in developing countries such as China, Japan, India and South Korea.
China is expected to continue its dominance in the calcium sulfate market during the forecast period. This is
due to the growth of the building & construction industry in the country.
For instance, according to International Trade Administration (ITA), China is
the world’s largest construction market and is forecasted to grow at an annual
average growth of 8.6% between 2022 and 2030. Also, in Singapore, according to
the Australian Government, the building and construction sector remains healthy
in Singapore, with strong government spending on public infrastructure, of
about S$2 billion (US$1.43 billion) in contracts being awarded each month.
Moreover, according to Invest India, by 2025, the building and construction
industry is estimated to reach US$1.4 Trillion. Such increasing building &
construction activities in the APAC countries are anticipated to increase the
demand for calcium sulfate as an additive, reducing and drying agent in the forecasted period and are proving to
be a market booster for the calcium sulfate market size in this region.
Calcium Sulfate Market Drivers
Surging Pulp & Paper Industry:
The pulp & paper industry utilizes Calcium Sulfate as a surface sizing agent for papers in paperboard mills. It can be applied as a pigment to
manufacture coated paper of high brightness and whiteness. The pulp & paper industry is growing, for instance, according to the
government of Canada, in 2021, the Minister of Natural Resources, announced an investment in
Kelowna-based Red Leaf Pulp through Sustainable Development
Technology Canada (SDTC), of about US$3.8 million. Additionally, according to Invest India, India’s paper and paperboard market is estimated
to grow at 6-7% per annum. The per capita consumption of paper in India is
15kgs. The Indian packaging market was valued at US$50.5 billion in 2019 and it
is expected to reach US$204.81 billion by 2025, registering a CAGR of 26.7%
during the period 2020-2025. Thus, the growing pulp & paper industry will require more calcium sulfate as a surface sizing agent,
which will drive the calcium sulfate
industry growth during the forecast period.
Increasing Pharmaceutical & Healthcare Sector:
The pharmaceutical & healthcare sector utilizes Calcium Sulfate, also known as gypsum, as a calcium supplement, which is
important for cell and bone growth and as a whitening or coloring agent. It provides
a natural organic excipient with essential calcium nutrients and also used as a
desiccant in the anhydrite form. Calcium sulfate creates an inexpensive binder,
filler, coating, disintegrant or bulking agent for tablets and capsules, decreasing
the requirement for synthetic polymers and other non-organic agents. It is also
used in toothpaste, powders, creams and other healthcare products. The
pharmaceutical & healthcare sector is growing, for instance, in China, by
2030, the size of the pharmaceuticals & healthcare industry
is expected to reach 16 trillion RMB (US$ 2.3 Million), according to the staff
research report on the "US-China Economic and Security Review
Commission." Additionally, according to the European Federation of
Pharmaceutical Industries and Associations (EFPIA), the total pharmaceutical
production was US$340,898.7 Million in 2020 from US$322,407.6 Million in 2019.
Thus, the growing pharmaceutical & healthcare sector will increase the
demand for calcium sulfate as a calcium supplement and is anticipated to drive the growth of the
market over the forecast period.
Calcium Sulfate Market Challenge
Health Effects Associated with Calcium Sulfate:
Calcium sulfate,
also known as gypsum, has a lot of applications in various industries, however,
it causes health effects as well. Acute exposure to calcium sulfate can create
redness and itching of the eyes, sore throat, runny nose and irritation of the skin
and respiratory tract. Calcium sulfate causes irritation to the mucous membrane
and can impair the sense of smell and taste and even can cause nose bleeding.
It can also create pulmonary nodular fibrosis. Its high intake can cause
constipation and can also hinder the absorption of iron and zinc in the body. Moreover,
in the supplements form, calcium sulfate can create a risk of kidney stones,
cardiovascular diseases and prostate cancer on high intake. Thus, the health
effects associated with calcium sulfate will create hurdles to the growth of
the calcium sulfate market.
Calcium Sulfate Industry Outlook
Technology launches, acquisitions and R&D
activities are key strategies players adopt in the Calcium Sulfate markets. The top 10 companies in the calcium
sulfate market are:
Report Code: CMR 0501
Report Code: CMR 0803
Report Code: CMR 52796
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