Calcium Sulphate or plaster of Paris is a widely used building material due to its lightweight, fire resistance and moisture resistance properties. It is extensively used for constructing walls, ceilings and partitions in residential as well as commercial buildings. Rapid urbanization and infrastructure development across both developed and developing economies have boosted the demand for construction materials including calcium sulphate.
Market Opportunity:
Growing infrastructure development
The rising construction activities globally owing to infrastructure development projects especially in Asia Pacific region provides lucrative opportunities for calcium sulphate market players. Governments of various countries are investing heavily in development of roads, railways, airports, seaports etc to boost economic growth. For instance, in India the government has planned infrastructure projects worth $1.4 trillion by 2023-25 under the National Infrastructure Pipeline. Similarly, China has earmarked around $1.3 trillion for its 13th five year plan period (2016–2020) focused on infrastructure development. Such large scale investments in infrastructure development are expected to propel the demand for construction materials including calcium sulphate significantly over the forecast period.
Porter’s Analysis
Threat of new entrants: Low. Calcium sulphate production requires substantial capital investment and years of experience in building efficient production plants and distribution channels.
Bargaining power of buyers: Moderate. The market has numerous existing buyers however the market is dominated by several large buyers who negotiate for lower prices.
Bargaining power of suppliers: Low. Calcium sulphate is widely available from mines across the globe. Switching costs are low for buyers.
Threat of new substitutes: Low. Calcium sulphate has properties not easily substituted by other materials for construction and industrial applications.
Competitive rivalry: High. The market is dominated by a few large players who compete intensely on pricing and product differentiation.
SWOT Analysis
Strength: Calcium sulphate has wide applications in construction, pharmaceuticals, food and several other industries. It also has beneficial properties like fire resistance and moisture control.
Weakness: Fluctuating raw material prices influence production costs. Environmental regulations affect mining and production processes.
Opportunity: Growing construction activities in developing nations boost demand. New applications in emerging industries present opportunities for market expansion.
Threats: Stringent environmental norms raise compliance costs. Substitutes like magnesium oxide pose competition threat.
Key Takeaways
Global Calcium Sulphate Market Size is expected to witness high growth over the forecast period supported by rapid urbanization and infrastructure development activities worldwide.
Regional analysis - Asia Pacific region is projected to grow at the fastest rate during the forecast period led by China, Japan and India. Rapid infrastructure development and increasing construction activities in these countries will drive calcium sulphate consumption. North America and Europe are also significant producers and consumers with demand influenced by overall economic growth.
Key players - Key players operating in the calcium sulphate market are Leonhard Lang, Nissha Medic and USG Corporation. Leonhard Lang is a leading German producer while Nissha Medic supplies medical grade calcium sulphate to the pharmaceutical industry. USG Corporation is a major North American player and also produces building materials.
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