The global Calcium Silicate market size is expected to reach close to USD 321 Million by 2029 with an annualized growth rate of 4.61% through the projected period.
Globally, demand for calcium silicate is anticipated to ascent in the upcoming years, thereby, offers enormous opportunities to market producers. Outstanding growth of the calcium silicate market has compelled producers to initiate expansion and acquisition of projects to satisfy the global demand. There is a positive drift by producers to shift their plants to developing economies like India and China owing to the factors like low labor cost and raw material. The key drivers of the market are infrastructural development and rapid urbanization. This will bolster the demand in the forthcoming years. Whereas, price volatility and low raw material availability will affect the market. As fluctuation is recorded in the rates of raw material, easily available raw material at cheap costs are some factors that may hamper the growth of overall global calcium silicate market.
With the steady growth in the world economy, the calcium silicate boards market has suffered a certain impact. But, in the past four years, it has maintained an optimistic growth by maintaining the average annual growth rate of x.xx%.
National Institute for Occupational Safety & Health (NIOSH) and Occupation Safety & Health Act, 1970 (OSHA) standardizing the regulations to offer healthy work environment, is also responsible fof calcium silicate demand in construction industry in near future. Another approval by WHO and FAO to use calcium silicate as food additive has widen its application and consumption.
Furthermore, segmentation of calcium silicate, based on end-use application is breakdown into sealant, food additive, cement, fire protection, ceramics, paints & coatings and insulation material. Demand for high-temperature insulating materials is anticipated to increase because of industrial development, thus propelling the calcium silicate market. Emerging construction sector has consolidated the demand for calcium silicate. Calcium silicate is an important substance in manufacturing fireproofing materials, employed in varied end-use applications such as residential construction, marine, commercial construction, industrial construction, aerodynamic, etc. Another factor that has boosted the calcium silicate use in food and beverage industry is its potential to be used as anti-caking agent.
The global calcium silicate market has a strong presence in North America, Asia Pacific, Latin America, Europe, and Middle East and Africa. Asia Pacific is anticipated to account a significant calcium silicate market share that is more than 50%, attributing to the growth of construction, pharmaceutical and food industry, especially in the emerging developing countries like China, India, etc. After Asia-Pacific, stands Europe and North America in the global market. Europe’s progress is due to the major demand coming from green building materials which encompasses properties such as moisture resistant, fire resistant and long life etc. Latin America and Middle East & Africa (MEA) is anticipated to huge demand of Calcium Silicate due to the growing construction activities.
global calcium silicate market is highly diversified as huge number of companies are present globally. Companies that dominate the global market include Promat, Isolite Corporation, Zircar, Skamol A/S, American Elements, Morgan Advanced Materials plc, Pyrotek, Chaitanya Chemicals, and Industrial Insulation Group, LLC.
Key segments of ‘Global Calcium Silicate Market’
Based on Product Type, the market has been segmented into,
- Low Density
- Medium Density
- High Density
The market breakdown, by End Use Industry
Others Based on region, the market has been segmented into,
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- South East Asia & Pacific (ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
What to expect from the upcoming report on ‘Global Calcium Silicate Market’:
- Future prospects and current trends of the global calcium silicate market by the end of forecast period (2018-2025)
- Information regarding technological progressions as well as innovations taking place in developing economies
- Supportive initiatives by government likely to influence the market dynamics
- Trends, drivers, opportunities, restraints, challenges and key developments in the market
- In-depth analysis of different market segmentations including regional segmentations, and product types
- Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market