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Calcium Aluminosilicate Market Analysis 2024-2033 : Forecast Market Size, Top Segments And Largest Region | Toray Industries Inc., Mitsui Chemicals Inc., Imerys S.A., Zeochem AG, Astrra chemicals
Calcium Aluminosilicate Global Market Report 2024
As per the report, the calcium aluminosilicate market size has grown strongly in recent years. It will grow from $3.74 billion in 2023 to $3.94 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The calcium aluminosilicate market size is expected to see strong growth in the next few years. It will grow to $4.89 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%.
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Chemical Industry Propel Growth Of The Calcium Aluminosilicate Market
The expansion of the chemical industry is expected to propel the growth of the calcium aluminosilicate market going forward. The expansion of the chemical industry is driven by increasing demand for products such as fertilizers, plastics, pharmaceuticals, and specialty chemicals across diverse sectors. Calcium aluminosilicate are utilized as filler, flux, or reinforcing agent in materials such as ceramics, cement, and glass to enhance strength and thermal stability. For instance, in February 2023, according to BASF SE, a Germany-based chemical company, global chemical production (excluding pharmaceuticals) is expected to grow by 2.0% in 2023. Therefore, the expansion of the chemical industry is expected to propel the growth of the calcium aluminosilicate market going forward.
Calcium Aluminosilicate Market Driven By Rising Fertilizer Demand
The rising demand for fertilizers is expected to propel the growth of the calcium aluminosilicate market going forward. Fertilizer is a substance applied to soil or plants to provide essential nutrients for plant growth and enhance crop yields. The rising demand for fertilizers is being fueled by several factors, including the increasing global population, the intensification of agriculture to meet food demands, and the depletion of soil fertility due to continuous cultivation without adequate replenishment of nutrients. Calcium aluminosilicate can be used in fertilizers to improve soil structure, increase nutrient retention, and enhance plant growth by slowly releasing essential minerals. For instance, in September 2023, according to Statistics Canada, a Canada-based national statistical agency, fertilizer sales surged by almost one-third (+29.1%) year over year in May 2023, reaching a record monthly high of $1.8 billion. Exports (+5.7%) for fertilizer, pesticide, and other chemical products also increased in May compared to the previous month. Therefore, the rising demand for fertilizers is driving the growth of the calcium aluminosilicate market.
The calcium aluminosilicate market covered in this report is segmented -
1) By Type: Cosmetics Grade, Pharmaceutical Grade, Industrial Grade, Food Grade
2) By Function: Adsorption, Ion Exchange, Anti-Caking, Stabilization, Catalysis, Other Functions
3) By Application: Cosmetics, Pharmaceutical, Veterinary, Food, Manufacturing Industry
4) By Distribution Channel: Direct Sales, Distributors, E-Commerce
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Major companies operating in the calcium aluminosilicate market are Toray Industries Inc., Mitsui Chemicals Inc., Imerys S.A., Zeochem AG, Astrra chemicals, MLA Group of Industries, Ashok Mineral Enterprises, Nikunj chemicals, A B Enterprises, Amgeen Minerals, Bhavani Chemicals, Industrial Furnace & Controls, Rockchem Products, Kutch Chemical Industries Ltd, Salient Pharmaceuticals, Daksha Energy, Oracle Chemicals Pvt Ltd, R K Polmers, Research Lab Fine Chem Industries, Vizag Chemicals
Contents of the report:
1. Executive Summary
2. Calcium Aluminosilicate Market Report Structure
3. Calcium Aluminosilicate Market Trends And Strategies
4. Calcium Aluminosilicate Market - Macro Economic Scenario
5. Calcium Aluminosilicate Market Size And Growth
…..
27. Calcium Aluminosilicate Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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