Certified Global Research Member
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
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The Calcium Silicate market is influenced by various market factors that play a crucial role in shaping its dynamics. One of the key drivers contributing to the growth of the Calcium Silicate market is the increasing demand from the construction industry. Calcium Silicate finds extensive use as a construction material due to its excellent heat resistance, fireproofing properties, and durability. As urbanization continues to surge globally, the construction sector experiences a parallel upswing, thereby boosting the demand for Calcium Silicate. 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).
Another significant factor impacting the Calcium Silicate market is the growing emphasis on industrial insulation. Calcium Silicate is widely employed as an insulating material in various industries, including petrochemical, cement, and steel. The increasing awareness regarding energy conservation and the need for efficient insulation solutions drive the adoption of Calcium Silicate in industrial applications. As industries seek ways to enhance energy efficiency and reduce operational costs, the demand for Calcium Silicate as an insulation material is expected to rise.
Furthermore, regulatory initiatives and standards related to fire safety and building codes contribute to the Calcium Silicate market's growth. Governments and regulatory bodies worldwide are implementing stringent norms to ensure the safety of structures and promote the use of fire-resistant materials. Calcium Silicate, with its fireproofing characteristics, aligns well with these regulations, driving its adoption in construction projects and infrastructure development.
The market dynamics are also influenced by the availability and pricing of raw materials. Calcium Silicate is primarily composed of lime and silica, and the cost and accessibility of these raw materials impact the overall production cost of Calcium Silicate. Fluctuations in raw material prices can directly affect the pricing strategy of Calcium Silicate manufacturers, consequently influencing the market dynamics.
Global economic conditions play a pivotal role in the Calcium Silicate market as well. Economic growth, industrialization, and infrastructure development in emerging economies contribute to increased demand for Calcium Silicate. On the other hand, economic downturns or uncertainties can lead to a slowdown in construction activities, impacting the Calcium Silicate market negatively.
In addition to these factors, technological advancements and innovations in the manufacturing processes of Calcium Silicate also influence the market landscape. Manufacturers are continually focusing on research and development to enhance the properties of Calcium Silicate, making it more versatile and applicable in diverse industries. Improved product quality and performance can drive market growth by expanding the range of applications for Calcium Silicate.
Competitive factors also play a significant role in shaping the Calcium Silicate market. The presence of key market players, their strategies, and market share contribute to the overall competitiveness of the industry. Factors such as mergers and acquisitions, partnerships, and investments in research and development can impact the market structure and influence the growth trajectory of Calcium Silicate.
The Calcium Silicate market is influenced by a myriad of factors, ranging from the demand in construction and industrial insulation to regulatory standards, economic conditions, raw material availability, technological advancements, and competitive dynamics. A holistic understanding of these market factors is essential for stakeholders to make informed decisions and navigate the ever-evolving landscape of the Calcium Silicate market.
Calcium Silicate Market Highlights:
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.
International Syalons (Newcastle) Ltd., one of the leading suppliers of sialon and silicon nitride-based advanced ceramics, was acquired by Calsitherm in July 2018. International Syalons (Newcastle) Ltd. helps with molten metal conduct and metal forming, aerospace and automotive, industrial wear, oil and gas, fusing, chemical handling, and high temperature detecting basically. Calsitherm will be able to solve abrasion resistance problems in products with this collaboration
Calcium Silicate Market Share, by the Application (%):
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.
July 2023 - Morgan Advanced Materials, one of the world’s top producers of inventive ceramics and carbon materials, announced the start of commercial operations at its expanded Yixing factory. By building a new factory in Yixing, it shows that this company wants to produce more stuff. This could be in order to keep up with increased demand for their products from customers worldwide. Morgan Advanced Materials makes sophisticated advanced materials used in many industries, such as aerospace or automotive sectors among others.
Intended Audience
- Calcium Silicate Manufacturers
- Traders and distributors of Calcium Silicate
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratory
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
