According to a report by Future Market Insights (FMI), the calcium sulphate industry in Northern Europe is expected to exhibit a robust compound annual growth rate (CAGR) of 5.3% during the forecast period spanning from 2022 to 2032. Calcium sulphate, a versatile mineral, can be found naturally or synthesized through chemical processes and intermediates. This projection signifies a promising trajectory for the calcium sulphate market in the region, with potential growth opportunities on the horizon.
Calcium sulphate has a wide range of commercial and industrial applications due to its excellent physicochemical properties. Calcium sulphate can be used as a soil conditioner for agriculture, as a coating agent for the paper industry, to make paper very shiny, as a desiccant in chemical laboratories, as a coagulant for foods and beverages, and for coloring paints used as a pigment.
Gypsum, the dihydrate form of calcium sulphate, is the most commonly used form and important raw material in the construction industry. It is used to make Portland cement, highly specialized plasters (also known as gypsum plasters) for wall surfaces, wallboard, cement blocks, and mortars. Growing government infrastructure development initiatives in a number of countries are creating new opportunities for gypsum producers to profit from the construction industry.
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Agrochemical demand is increasing to maximize production from available land. The agricultural industry relies heavily on calcium sulphate dihydrate, also known as gypsum. It is a calcium and sulphur source for plant nutrition. Calcium is required for plants to absorb the majority of their nutrients. It also helps to improve the soil structure. It aids in the improvement of flocculation or aggregation. It also increases the water infiltration & prevents waterlogging in soil. Growing demand from the agriculture industry is expected to drive the demand in the forecast period.
“Over the assessment period, sales of calcium sulphate are expected to be driven by the growing construction industry across Northern Europe followed by agrochemicals and paints & coatings,” says an FMI analyst.
Key Takeaways:
- The additive segment is projected to hold approximately 58% of the total market share in 2022.
- The cement & plaster segment is anticipated to grow at 5.6% CAGR through 2032.
- The calcium sulphate market in the U.K. is expected to create an incremental dollar opportunity of US$453.9Mn in the forecast period.
- The technical grade segment is expected to reach about US$ 5,862.3 Million by the end of the forecast period.
Competitive Landscape
Key market participants of the Calcium Sulphate market elaborated in the report include Saint-Gobain, Solvay SA, Honeywell International Inc., Penta Manufacturing Company, Celtic Chemicals Limited, Miber Mineral Roset, Glentham Life Sciences Limited, Fluorsid, AKO KASEI CO., LTD, JRS Pharma, Macco Organiques, s.r.o., Spectrum Chemical MFG Corp., GFS Chemicals Inc., and others.
Key players are focused on high-growth end-use industries such as construction and infrastructure where calcium sulphate is widely used. These benefits manufacturers in terms of revenue and product portfolio. Leading manufacturers in the market are focusing on high-growth end-use industries to increase annual sales. Great market opportunities are expected from the growth of certain end-use industries such as construction, paints, coatings, and the expansion of infrastructure projects.
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More Insights into the Northern Europe Calcium Sulphate Market Report
In its latest report, FMI offers an unbiased analysis of the Northern Europe calcium sulphate industry, providing historical data for the period of 2017-2021 and forecast statistics for the period of 2022-2032. To understand the global market potential, its growth, and scope, the market is segmented based on product type (anhydrous & hydrated), by grade (technical, food & pharma), by function (coagulant, thickening agent, excipient, desiccant & additive), by end use (cement & plasters, agrochemicals, paints & coatings, paper, mining, food & beverages, cosmetics & personal care, pharmaceuticals) & by country (Germany, United Kingdom, Ireland, France, Netherlands, Belgium & Rest of Northern Europe).
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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