Calcium Silicate Insulation Market worth $320 million by 2026 | Key players Skamol, Promat (Etex Group), BNZ Materials, Johns Manville, Anglitemp

According to recent market research "Calcium Silicate Insulation Market by Temperature (High-Temperature & Mid-Temperature), End-use Industry (Metals, Industrial, Power Generation, Petrochemical, Transport), and Region (Europe, North America, APAC, MEA, South America) - Global Forecast to 2026", The calcium silicate insulation market is projected to reach USD 320 million by 2026, at a CAGR of 4.6% from USD 256 million in 2021.

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Calcium silicate is the chemical compound Ca2SiO4, also known as calcium orthosilicate and is sometimes formulated as 2CaO·SiO2. It occurs naturally as the mineral larnite and can be derived from naturally occurring limestone and diatomaceous earth, a siliceous sedimentary rock. Calcium silicate has a low bulk density, corrosion-inhibiting properties, high-temperature structural integrity, and high physical water absorption. It is used for the insulation of high-temperature pipes and equipment and for fire endurance applications. It is available in the form of boards, preformed pipes, and preformed blocks.

High temperature calcium silicate is the largest temperature segment of the calcium silicate insulation market. APAC was the largest market for calcium silicate insulation in 2020, in terms of value. Factors such as increasing demand from power generation and transport industries will drive the calcium silicate insulation market.

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The market size of calcium silicate insulation was USD 256 million in 2021 and is projected to reach USD 320 million by 2026, at a CAGR of 4.6% between 2021 and 2026. The growth of the calcium silicate insulation market is primarily triggered by its increasing use in the transport and power generation industries. APAC is the largest market for calcium silicate insulation due to the rising demand for thermal insulation from end-use industries such as power generation, transport, and building & construction. Rising capital expenditure on petrochemical, chemical, and power generation sectors in the region is estimated to drive the market. Calcium silicate insulation is a sustainable form of insulation used for providing energy efficiency, allowing less emissions. Thus, the rising concern of environmental conservation has led to the monitoring of emissions, which act as a driver for the regional calcium silicate insulation market.

The key market players profiled in the report include Skamol (Denmark), A&A Material Corporation (Japan), Promat (Etex Group) (Belgium), BNZ Materials (US), Johns Manville (US), Anglitemp (UK), NICHIAS Corporation (Japan), Calsitherm (Japan), SANLE Group (China), Taisyou International Business Co. Ltd. (Taiwan), Guangdong New Element Building Material Co. Ltd. (China) and Beijing Hocreboard Building Material Co. Ltd. (China).

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Skamol offers calcium silicate insulation for a wide range of applications within building, construction, and several industries. Skamol was among the pioneers in finding a valuable use of microsilica, a waste product from the production of silicon metal and ferrosilicon. The first idea was to use the waste material in connection with moler and this development process led to a special insulating board combining the two materials. The insulation business of Skamol has been further strengthened during 2020 through an increasingly global coverage, where additional sales offices have been opened to facilitate the continued growth. During 2020, Skamol has executed several investment projects in order to increase and upgrade capacity and reduce production costs. The most significant investment project in 2020 was the completion of a new production line of calcium silicate boards and blocks in the polish plan. This is expected to double the output of the calcium silicate products produced by the polish plant.

On the other hand, A&A Material Corporation has been developing business in various fields, ranging from building materials to automotive parts, specializing in heat-controlling technologies such as non-inflammability, fire-proofing and thermal insulation. Based on their 2020 Medium-Term Management Plan (FY2018 - FY2020), currently in effect, they have adopted "Implementing sustainable development and enhancing corporate value" as their group slogan and have formulated the three main policies-Improving labor productivity by reforming the way they work, Expanding the number of high added-value products by aggressively developing, and investing in, new products and new construction methods and finally expanding their areas of business by adding peripheral businesses.

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