Press release
Hygroscopic Building Material Market by Adsorption Process, End Use, Type (Inorganic Minerals, Inorganic Salts, Natural Materials, Molecular Sieve, Silica/Silicon Dioxide), Application (Building Material, Structural) and Region - Global Forecast to 2027
Hygroscopic Building Material Market
The Asia Pacific region witnessed high industrial growth in the past decade. This resulted in increased demand for hygroscopic building materials in various applications. The region's developing countries, such as China and India, are expected to witness substantial growth in the hygroscopic building material market due to increased demand for the residential, commercial, and industrial construction.
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Key Market Players
Major players operating in the global hygroscopic building material market include Porocel Corporation (US), W.R. Grace (US), Clariant (Switzerland), BASF SE (Germany), Arkema SA (France), Honeywell International (UK), Jalon Chemicals (China), Hengye Inc (US), Dessica Chemicals (India), and Fuji Silysia Chemical Ltd. (Japan).
KeyTakeways From Market Study Report:
• In terms of value, the building material segment is projected to account for the largest share of the hygroscopic building material market, by application, during the forecast period.
• In terms of value, the inorganic salts is projected to account for the fastest growth of the hygroscopic building material market, by type, during the forecast period.
• APAC is expected to be the fastest-growing market during the forecast period.
• Based on region, Asia Pacific is a key market for the production of hygroscopic building material and is projected to grow at a CAGR of 7.0% in terms of value during the forecasted period.
The building material segment dominated the hygroscopic building material market, with a share of 60.4% in terms of value, of the overall market in 2021. Amorphous silica, activated alumina, and calcium oxides are mostly used among building materials due to their excellent moisture adsorbing ability and vast applications in concrete materials and dewatering additives.
Based on type, the inorganic salts segment accounted for the fastest growth at a CAGR of 6.8% during the forecast period. Calcium Chloride is one of the widely used inorganic salts. Calcium chloride has high efficiency compared to other types of hygroscopic materials, such as silica/silicon dioxide and clay, and finds a range of applications in the building & construction industry, such as dust control, gravel stabilization, concrete acceleration, and others.
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This research report categorizes the hygroscopic building material market based on type, design, material, flow type, technology, application and region.
Based on Adsorption Process:
• Physical Adsorption
• Chemical Adsorption
Based on Enduse:
• Commercial
• Residential
• Industrial
Based on Type:
• Inorganic Minerals/Clays
• Inorganic Salts
Natural Hygroscopic Materials
• Molecular Sieve
• Silica/Silicon Dioxide
• Others
Based on Application:
• Building Material
• Structural Application
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Recent Developments
In June 2021, This acquisition is favorable for the materials technologies business segment of W.R. Grace. Fine Chemistry Business adds innovative and manufacturing capabilities to the company.
In June 2018, The joint venture between Porocel Innovation and Zhejiang Rebirth leveraged Porocel Corporation with many years of experience and leadership in the Chinese market. This expanded their presence in the Asia region.
FAQs:
• What are the factors influencing the growth of the hygroscopic building material market?
• Which are the key applications driving the hygroscopic building material market?
• Who are the major manufacturers?
• What is the biggest restraint for hygroscopic building material?
• How is COVID-19 affecting the overall hygroscopic building material market?
• What will be the growth prospects of the hygroscopic building material market?
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REPORTS PUBLISHER is a market research and consultative company that provides market research reports and business insights to large and small & medium enterprises. The company supports its clients to conceive business policies and accomplish sustainable growth in their particular market domain.
REPORTS PUBLISHER is a market research and consultative company that provides market research reports and business insights to large and small & medium enterprises. The company supports its clients to conceive business policies and accomplish sustainable growth in their particular market domain.
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