Calcium Silicate is majorly used as a raw material in the manufacturing of low-density building materials such as bricks, tiles, building boards, and fireproof ceilings. Extensive usages of Calcium Silicate in the construction sector have pushed its market to an extent, presenting the construction sector as the leading application of the product.
Additionally, various other applications of Calcium Silicate such as insulation, sealants, food additive, and pharmaceuticals among others escalate its market on the ascended heights. Resultantly, the Calcium Silicate Market is growing pervasively and rapidly on the global platform.
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Acknowledging the exponential growth, the market is witnessing currently, Market Research Future (MRFR) in its recently published study report asserts that the Calcium Silicate Market is estimated to expand colossally by 2023 posting a striking CAGR during the forecast period (2016 -2023). The market is also expected to remain highly attractive drawing substantial investments in the years ahead.
The burgeoning construction industry is currently a hot topic worldwide. Ever-increasing population, urbanization, and industrialization are supporting the construction industry prompting the demand to meet the growing needs for the accommodations. Simultaneously, improving economic conditions worldwide are providing impetus to the construction sector by increasing the consumers’ purchasing power.
Some of the eminent leaders of the market include Promat International NV (Belgium), American Elements (U.S.), Morgan Advanced Materials (U.K), Spectrum Chemical Manufacturing Corp. (U.S.), Prochem, Inc. (U.S.), Materion Corporation (U.S.), Mil-Spec Industries Corporation (New York), Associated Ceramics & Technology, Inc. (U.S.), Pyrotek (India), ZIRCAR CERAMICS (India), Industrial Insulation Group, LLC (U.S.), and Skamol (Denmark).
Global Calcium Silicate Market – Segmentation
MRFR has segmented its analysis into two key dynamics for the convenience of understanding.
By Applications: Building Materials, Insulation, Sealants, Food Additive, and Pharmaceuticals among others.
By Regions: North America, Europe, APAC and the Rest-of-the-World.
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Global Calcium Silicate Market – Regional Analysis
Geographically, Asia Pacific region accounts for the largest market for calcium silicate followed by North America and Europe. The APAC region is mainly led by China, Japan, and India and is forecasted to experience highest gains at a substantial CAGR over the projected period. Increasing demand as a building material to meet the growing regional population is the key factor driving the growth in the regional market.
In addition, rapid industrialization in China and India will significantly propel the product demand in the Pharmaceutical and construction sector and subsequently, will drive the market growth in the region. Furthermore, augmenting demand for the product as an insulating material acts as a key driving force pushing up the market growth. Also, the changing preference of consumers towards food consumption alongside the burgeoning food industry in this region is expected to foster the growth in the regional market.
The European region is another lucrative market for calcium silicate, globally. The region is forecasted to grow further at a considerable CAGR due to the development in the construction sector. The construction sector in Europe is witnessing huge demand for green building materials that have excellent properties such as fire resistance, moisture resistance, and long shelf life, which, in turn, accelerates the demand for Calcium Silicate.
On the other hand, the North American region is growing rapidly to become a promising market for calcium silicate. The region is mainly led by the growing Calcium Silicate Market in the U.S., which generated astronomical revenue in 2015. The product is extensively used in fireproof spray plasters in the construction sector. Furthermore, large technological advancements are the major factor contributing to the regional business growth.
Global Calcium Silicate Market – Competitive Analysis
The Calcium Silicate Market is highly competitive. Manufacturers are competing on the basis of price, quality, innovation, reputation, and distribution. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players in the Calcium Silicate global market.
These strategies are expected to improve product quality and increase production capacity to meet the rapidly growing demand, particularly from the emerging regions. With increasing industrialization and upgradation, manufacturers are setting up facilities to meet the demand for Calcium Silicate in the most efficient manner. Many manufacturers are making high investments into R&D of Calcium Silicate which is anticipated to impact the market positively.
Industry/ Innovation /Related News:
September 26, 2018 – A team of civil and materials engineers from the Rice University (US) published the study of a Nano-sized calcium silicate spheres they have developed which could lead to stronger and greener concrete. These spheres were developed as a low cost and less energy-intensive alternative to cement, the most common binder in concrete. The spheres can be prompted to self-assemble into solids that are stronger, harder, more elastic and more durable than traditional cement.
The research supported by the National Science Foundation and C-Crete Technologies LLC suggests that increasing the strength of cement allows manufacturers to use less concrete, decreasing not only weight but also the energy required to make it and the carbon emissions associated with cement’s manufacture.
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