Hygroscopic Building Material Industry worth $1,120 million by 2027 | Key players Porocel Corp, W.R. Grace, Clariant, BASF SE, Arkema SA

According to recent market research the "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", The global hygroscopic building material market size is projected to grow from USD 818 million in 2022 to USD 1,120 million by 2027, at a CAGR of 6.5% between 2022 and 2027. Hygroscopic building materials can absorb and store moisture from the surrounding air. The process of absorbing or desorbing depends on the relative humidity (RH) difference in the vapor partial pressure of the air in the vicinity. The hygroscopic potential of a material depends on the available surface area/porosity and material nature. Hygroscopic materials are used in buildings to control the humidity indoors and maintain a habitable environment in residential, commercial, or industrial buildings.

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Based on end-use, the commercial use of hygroscopic building material accounted for the largest market share in 2021 and is projected to grow at a CAGR of 6.7%. With the burst in population in the last decades, the need for new complexes, shopping malls, and other commercial buildings has increased. These places hold large foot traffic and require a pleasant environment and good ventilation. Hygroscopic materials are used in commercial buildings to achieve an optimum humidity level for people to move at their leisure.

Based on application, the hygroscopic materials in the building material segment accounted for the largest market share in 2021 and is projected to reach USD 677.6 million by 2027, growing at a CAGR of 6.5%. The segment's high market share can be attributed to its wide use of hygroscopic material as concrete admixtures. Furthermore, various hygroscopic clays or molecular sieves are used as additives in paints & coatings.

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The global hygroscopic building material market size is projected to grow from USD 818 million in 2022 to USD 1,120 million by 2026, at a CAGR of 6.5% between 2022 and 2027. Rising demand from emerging markets and growth of construction industry globally are driving the market for hygroscopic building material.

The increase in demand for hygroscopic building material and the growing industrial development in the emerging economies, such as APAC, are driving the market. The key players in this market are 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). These players have adopted various strategies such as merger & acquisition, and joint venture in order to strengthen their market position. For instance, 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.

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Porocel Corporation (Evonik) was established in 1937 as a joint venture between Atlantic Richfield and Standard Oil of New Jersey. The company is one of the top manufacturers and marketers of hygroscopic materials. Porocel develops and manufactures activated alumina, specialty adsorbents like silica gel, and activated bauxite. The company offers its products for various applications in industries such as construction and chemical & petroleum processing. It serves its customers through five manufacturing sites and sales offices located in North America, Europe and Asia Pacific.

W.R. Grace is one of the global suppliers of specialty chemicals. The company operates through two major business segments: materials technologies and catalyst technologies. W.R. Grace offers hygroscopic building material under its materials technologies segment. This segment offers its products for general industrial purposes which can be further segmented into process adsorbents, static adsorbents, and colloidal silica in catalysts, investment casting binders, refractory additives and construction. The company offers various custom-designed catalysts and adsorbents for the construction industry. It exclusively offers various products for the building and construction industry to improve durability and visual appearance.

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