Press release
Active Calcium Silicate Market to reach $215mn by 2024
With intumescent and fire resistant characteristics, it is majorly used in acoustic tiles and wallboard applications along with clay and brick product formulation and can help in reducing shrinkage owing to excessive heat exposure. Uses also include board and block in electric arc furnace and blast furnace for high temperature insulation applications. Strong HTI application scope across petrochemical, glass and steel industries will stimulate active calcium silicate market.
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Active calcium silicate market size from insulation applications may witness highest gains at over 5%. It is used in oil & gas, electronics, and construction industries to protect machines from exterior hazards or shocks, and thereby maintaining system temperature. Stringent NIOSH & OSHA guidelines with respect to usage will remain a challenge for companies. The industry is heavily regulated across the U.S., Germany, Italy, France and Italy towards test methods and quality standards for thermal insulation materials.
Key raw materials include sodium silicate, limestone, and hydrochloric acid. Sodium silicate is used in various applications such as catalyst, detergents, food, healthcare, pulp & paper, and elastomers. In addition, it is used as feedstock for manufacturing magnesium, zirconium, potassium, and ethyl silicates. These factors have impact over active calcium silicate market price trend.
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Europe active calcium silicate market should witness consumption of over 40 kilo tons by 2024. ECSPA provides norms for standardization and technology for construction projects in masonry field.
U.S. active calcium silicate market should witness gains at over 3.5%. Favorable regulatory compliances by ASTM to formulate, regulate and direct fire safety standards along with test method for measuring compressive properties of thermal and acoustic insulations should boost regional growth.
Fire protection applications across China will witness significant gains, rising awareness along with increasing government initiatives towards implementing passive fire protection in buildings will drive growth.
Ceramic applications in Brazil are likely to see consumption exceed 90 tons. Growing consumer awareness towards high quality ceramic tiles to replace conventional floors and walls should fuel product demand.
Trade statistics support product export opportunities to Saudi Arabia, UAE and South Africa, which can offer manufacturers to increase regional presence.
Global active calcium silicate market is competitive and some companies operating in this industry include Promat International, Skamol, HIL Limited, Ramco Industries and 2K Technologies.
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