Press release
2016 - 2023 Calcium Silicate Market: Global Industry Size, Share, Growth, Forecasts
Calcium silicate, also known as calcium orthosilicate, is a white powder derived from diatomaceous earth and limestone. It is obtained by reacting calcium oxide and silica in various ratios. Calcium silicate possesses properties such as high physical water absorption and low bulk density. Due to these special physical characteristics calcium silicate has several applications in the construction sector. It is also used as a food additive in the food processing industry.
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Calcium silicate is segmented based on end-use application into insulation material, sealant, and food additive. It is used as a raw material in the production of low-density building material products, which are employed in high temperature insulation and fire-resistive material applications. Calcium silicate is used to produce fire-proofing materials due to its passiveness toward fire. Cladding is the most extensively used fire-proofing material prepared by calcium silicate. Calcium silicate is used as an alternative to asbestos as it has high-temperature insulating property. Calcium silicate is often used in the insulation of industrial grade equipment and pipes. Sodium silicate when applied on cured concrete chemically reacts with calcium hydroxide to form calcium silicate hydrate, which seals the pores, if available, creating an impermeable surface. Calcium silicate is used as an anti-caking agent and antacid in the food industry. Demand for high-temperature insulating materials is expected to increase due to industrial development, thus boosting the market for calcium silicate. Growth in the construction sector has bolstered demand for calcium silicate as it is the major end-user of calcium silicate. Calcium silicate used in manufacturing of fireproofing materials is employed across a wide range of end use applications such as commercial construction, residential construction, industrial construction, marine, aerodynamic, etc. Usage of calcium silicate as an anti-caking agent has boosted growth in the food and beverages industry, thus creating potential opportunities for the calcium silicate market.
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The global calcium silicate market is segmented into regions such as Asia Pacific, North America, Europe, Latin America, and Middle East and Africa. Asia Pacific accounted for more than 50% share of the global calcium silicate market followed by Europe and North America. Application of calcium silicate in tiles, bricks, and cement is driving growth in the construction sector. This, in turn, is anticipated to fuel demand for calcium silicate during the forecast period. Construction and infrastructural development in growing economies such as China and India is estimated to drive demand for calcium silicate in Asia Pacific in the next few years.
Global demand for calcium silicate is expected to witness strong growth in the near future, thereby offering significant market opportunities to producers. Increasing demand for calcium silicate has compelled producers to undertake expansion and acquisition of projects to meet global demand. Numerous producers are shifting their plants to countries such as China and India due to various factors such as low raw material and labor costs. Rapid urbanization and infrastructural development are projected to be key market drivers. This, in turn, would propel demand for calcium silicate in the next few years. Low raw material availability and price volatility are factors likely to affect the market growth.
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The market is highly diversified due to presence of numerous companies across the globe. Companies operating in the global market include American Elements, Promat, Morgan Advanced Materials plc, Isolite Corporation, Pyrotek, Zircar, Chaitanya Chemicals, Skamol A/S, and Industrial Insulation Group, LLC.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
It provides distinctive graphics and exemplified SWOT analysis of major market segments
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