Construction and building sector a prime factor in boosting the growth of Calcium Silicate Market
According to a new report published by Reports Monitor titled, “Global Calcium Silicate Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the Calcium Silicate market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Calcium silicate is white free flowing powder derived from the naturally occurring limestone and sedimentary rocks. However it is also produced synthetically for the purpose of maintaining its purity. The properties exhibited by the calcium silicate are low bulk density, high melting point, and high water absorption.
Increased demand from the building and construction sector and the adoption favorable government policies has resulted in propelling the market growth. Owing to the higher resistance to heat, it is majorly adopted in the manufacturing of various industrial equipment such as blast furnace and pipes. Growing demand for high temperature insulating materials is projected to increase mainly due to industrial development, thereby boosting the market growth. Adoption of calcium silicate as an anti-caking agent has propelled the growth of food and beverages sector, thereby boosting the market growth. However the less material availability and fluctuating price is expected to hamper the market growth.
This report provides a detailed analysis of Calcium Silicate market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and swot analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources with bottom-up and top-down approaches.
The calcium silicate market is segmented on the basis of applications which include building materials, insulation sealants, food additives, pharmaceutical and others.
The global calcium silicate market is analyzed across the regions such as: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Among the regions spanned, Asia Pacific is expected to hold the largest market share owing to the increased demand from the construction and building sector. The increased urbanization in the countries such as China, India and other developing counties are driving the market growth. North America and Europe is expected to grow at a stable rate mainly due to the growing demand for the green building materials with incredible properties such as moisture and fire resistance, thereby contributing in the longer life. Moreover the technological advancements in the product are also playing a significant role in the market growth. For instance: On May, 2018 Thermal Pipe Shields (TPS) has announced to provide worldwide distribution of calcium silicate mechanical insulation in the U.S. market
The major key players in the calcium silicate market are: American Elements (U.S.), Promat International NV (Belgium), Morgan Advanced Materials (U.K), Prochem, Inc. (U.S.), Spectrum Chemical Manufacturing Corp. (U.S.), Materion Corporation (U.S.), Associated Ceramics & Technology, Inc. (U.S.), Mil-Spec Industries Corporation (New York), Pyrotek (India), Skamol (Denmark), ZIRCAR CERAMICS (India), and Industrial Insulation Group, LLC (U.S.)
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