Calcium Silicate Market Research Report - Forecast to 2030

Calcium Silicate Market By Application (Building Materials, Insulation, Sealants, Food Additive, Pharmaceuticals, And Others), And Region - Forecast Till 2030

ID: MRFR/CnM/4257-HCR | 140 Pages | Author: Chitranshi Jaiswal | March 2024         

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Calcium Silicate Market

Calcium Silicate Market is projected to be worth USD 321 Million by 2028, registering a CAGR of 4.61% during the forecast period (2021 - 2028).

Segmentation
By Application Building Materials Insulation Sealants Food Additive Pharmaceuticals Others
Key Players
Companies Profiled   American Elements (U.S.)    Promat International NV (Belgium)    Morgan Advanced Materials (U.K)    Prochem Inc. (U.S.)    Spectrum Chemical Manufacturing Corp.    Materion Corporation (U.S.)    Associated Ceramics & Technology Inc.    Mil-Spec Industries Corporation    Pyrotek (India)    Skamol (Denmark)    ZIRCAR CERAMICS (India)    Industrial Insulation Group LLC
Drivers
Market Driving Forces    The increasing demand from infrastructure sector is the major driver of the Calcium Silicate Market.
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Calcium Silicate Market Overview


Calcium Silicate Market is projected to be worth USD 321 Million by 2028, registering a CAGR of 4.61% during the forecast period (2021 - 2028). Calcium silicate is a chemical compound composed of calcium and silica and is naturally found in limestone. These compounds are widely utilized as a key industrial chemicals in applications that require strength, flexibility, and high insulation. Calcium silicate helps increase the calcium content in the body, provides high weather resistance, and is used as an anticaking agent. It prevents the formation of lumps, which makes it suitable for their applications in pharmaceutical and food applications.


The increase in the number of construction activities across the globe acts as one of the major factors driving the growth of the calcium silicate market. The rise in the employment of calcium silicate as a substitute for asbestos in high-temperature insulation materials, and high usage in the production of coatings, roofing products, and plastics, among others, further influence the market. The increase in demand for roof and floor tile owning to the increase in new construction and refurbishment work and the surge in government expenditure on infrastructural development further influence the market. Additionally, the expansion of end-use industries increased infrastructural development, urbanization, and industrialization, and research and development activities positively affected the calcium silicate market.


Calcium Silicate Market Share, by the Application (%):


 Calcium Silicate Share


Regional Analysis


The Calcium Silicate Market is spanned across Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.


The Asia Pacific is anticipated to be the leading region in the Calcium Silicate Market due to high demand from the construction sector during the review period. The growing urbanization and infrastructural demand from developing nations such as China and India are driving the market growth in this region. Moreover, the high demand for the product as an insulating material in almost every industry is another factor fuelling the market growth in this region. Moreover, the changing food consumption habits and growth of the food industry in this region is likely to propel the market growth. Availability of raw material and labor in these countries prove advantageous to the Calcium Silicate Market Growth. According to Economy Watch, China, Japan, Malaysia, and Vietnam are likely to experience double-digit industrial production growth rate, which calculates the performance of the major end-use industries such as mining, infrastructure, fertilizers, and pharmaceuticals.


Europe is expected to grow at a considerable CAGR due to the development in the construction sector. With the growing demand for green building materials along with their excellent properties such as moisture resistance, fire resistance, and long shelf life, the demand for calcium silicate is also increasing. Furthermore, the European Calcium Silicate Producer Association (ECSPA) aims to facilitate the sustainable competitive growth of the European construction products industry by promoting efficient housing and infrastructure solutions.


North America is another significant region in the Calcium Silicate Market due to its high demand for fireproof spray plasters in construction. The technological advancements are expected to fuel the market growth further, for instance, Thermal Pipe Shields (TPS) has announced to provide worldwide distribution of calcium silicate mechanical insulation in the U.S. market.


Segmentation


The Calcium Silicate Market is segmented on the basis of the Application and Region.


Based on the Application, the Calcium Silicate Market is segmented into building materials, insulation, sealants, food additive, pharmaceuticals, and others.


Regionally, the Calcium Silicate Market is segmented into five regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.


Key Players


Some of the prominent manufacturers in the Calcium Silicate Market are American Elements (U.S.), Promat International NV (Belgium), Morgan Advanced Materials (U.K), Prochem, Inc. (U.S.), Spectrum Chemical Manufacturing Corp. (U.S.), Materion Corporation (U.S.), Associated Ceramics & Technology, Inc. (U.S.), Mil-Spec Industries Corporation (New York), Pyrotek (India), Skamol (Denmark), ZIRCAR CERAMICS (India), and Industrial Insulation Group, LLC (U.S.)Recent Development


Johns Manville had signed an agreement to acquire ITW Insulation Systems, a business owned by Illinois Tool Works Inc. and popular for its premium, low-temperature polyisocyanurate foam insulations and metal jacketing solutions. This deal is likely to offer a strategic opportunity for the company to expand its insulation systems business.


Similarly, Calsitherm had signed an agreement to acquire International Syalons (Newcastle) Ltd., which is a leading supplier of sialon and silicon nitride-based advanced ceramics. International Salons (Newcastle) Ltd. serves the needs of industries such as molten metal handling and metal forming, aerospace and automotive, and others like industrial wear, oil and gas, welding, chemical processing, and high-temperature sensing. With this acquisition, Calsitherm will be able to solve attrition, corrosion, and heat resistance problems in products used for various industrial applications.


Intended Audience



  • Calcium Silicate Manufacturers

  • Traders and distributors of Calcium Silicate

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory

Report Scope:

Report Attribute/Metric Details
  Market Size   2030: Significant value
  CAGR   2019–2030: Substantial CAGR
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   American Elements (U.S.), Promat International NV (Belgium), Morgan Advanced Materials (U.K), Prochem, Inc. (U.S.), Spectrum Chemical Manufacturing Corp. (U.S.), Materion Corporation (U.S.), Associated Ceramics & Technology, Inc. (U.S.), Mil-Spec Industries Corporation (New York), Pyrotek (India), Skamol (Denmark), ZIRCAR CERAMICS (India), and Industrial Insulation Group, LLC (U.S.)
  Key Market Opportunities   The increasing demand for the product in the food and pharmaceuticals industries is likely to propel the Calcium Silicate Market Growth
  Key Market Drivers   The increasing demand from infrastructure sector is the major driver of the Calcium Silicate Market.




Frequently Asked Questions (FAQ) :

Calcium silicate is a white compound of calcium and silicon, derived from diatomaceous earth and limestone.

Building materials and insulation are the leading application segments of the global calcium silicate market.

Growing demand from the construction industry is likely to be the major driver for the calcium silicate market over the forecast period.

Asia Pacific is the largest regional market for calcium silicate due to the growing construction industry in the region.

Leading players in the market include Prochem, Promat, and American Elements, among others.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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