Press release
Calcium Silicate Market Trend and Forecast 2019-2026 | Promat International NV, Skamol, American Elements, Weifang Hongyuan Chemical Co., Ltd, Johns Manville
Calcium Silicate Market
Global Calcium Silicate Market is expected to register a substantial CAGR of 5.14% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the various mechanical and infrastructural benefits offered by the compound.
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Few of the major competitors currently working in the global calcium silicate market are Promat International NV; Skamol; American Elements; Weifang Hongyuan Chemical Co., Ltd; Johns Manville; Spectrum Chemical Manufacturing Corp.; ASSOCIATED CERAMICS AND TECHNOLOGY, INC.; Mil-Spec Industries Corporation; ZIRCAR Ceramics; Pyrotek; Isolite Insulating Products Co., Ltd.; A&A Material Corporation; NICHIAS Corporation; WELLPOOL CO., LTD.; Ramco Industries Limited; XIANGYUAN; Zhejiang Hailong New Building Materials Co., Ltd.; SANLE GROUP CO.,LTD.; Shandong Lutai Building Material Science And Technology Group Co., Ltd; ProChem, Inc International; Materion Corporation; Anglitemp Ltd and 2K Technologies among others.
Calcium silicate is a chemical compound that majorly finds its application in production of foam or insulating boards. These compounds provide a number of benefits over asbestos which is projected to expand their demand in the construction industry. It is produced with the help of combination between silicate and calcium oxide with variations in mixture composition, and produced in a white powdered form. It can also be extracted naturally from diatomaceous earth and limestone.
Market Drivers:
• High demand from various of areas of application for this chemical compound is expected to boost the growth of the market
• Growing utilization of the product from the food & beverages segment is expected to propel the growth of the market
• High levels of urbanization and industrialization leading to greater construction activities is expected to drive the market growth
Market Restraints:
• Concerns regarding lack of availability of raw materials is expected to hinder the growth of the market
• Vulnerable nature of prices for these compounds is expected to restrict the market growth
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Segmentation: Global Calcium Silicate Market
By Product Type
• Low Density
• Medium Density
• High Density
By Quality
• 2N (99% Calcium Silicate)
• 3N (99.9% Calcium Silicate)
• 4N (99.99% Calcium Silicate)
• 5N (99.999% Calcium Silicate)
By Application
• Building Materials
• Insulation
• Fire Protection
• Cement
• Paints & Coatings
• Sealant
• Food Additive
• Ceramics
• Others
By End-Use Industry
• Pharmaceutical
• Industrial
• Construction
• Food
• Others
By Geography
• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa
Key Developments in the Market:
• In February 2019, Johns Manville announced the introduction of “Thermo-1200 Curved Segments”, with the addition being introduced under their “Thermo-1200” calcium silicate product range. These segments are produced to accurately match the radius of a vessel, being utilized as an alternative for QUAD and HEX pipe components
• In February 2018, H+H International A/S announced that they had completed the acquisition of Heidelberg Cement’s business operations for calcium silicate situated in Germany and Switzerland. This acquisition will significantly help in expansion of business capabilities as well as extending their geographical presence globally
Competitive Analysis:
Global calcium silicate market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of calcium silicate market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Email: sopan.gedam@databridgemarketresearch.com
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