Calcium Silicate Market Growth, Size, Share, Trends, and Forecast...

Calcium Silicate Market Growth, Size, Share, Trends, and Forecast 2030

Posted 2024-08-01 10:54:44

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The market for calcium silicate was estimated to be worth USD 630.88 million in 2022 and is expected to increase to USD 1,239.64 million by 2030, with a projected 8.81% compound annual growth rate (CAGR) between 2023 and 2030.

Global Calcium Silicate Market: Overview

A white powder known as calcium silicate is made from diatomaceous earth and limestone. It is created by reacting silica with calcium oxide in various ratios. Additionally, calcium silicate has special qualities such as a high physical water absorption capacity and a low bulk density. It also gives the body a high calcium content and great weather resilience. It is perfect for use in the food and pharmaceutical industries because it also acts as an anti-caking agent, preventing the formation of lumps. Another name for it is calcium orthosilicate, and its chemical formula is Ca2SiO4. E552, where E is the reference number, is used to represent it.

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Global Calcium Silicate Market: Growth Factors

With a 4.5% CAGR, the worldwide calcium silicate market is anticipated to reach over $320 million by the end of the projected period. The expansion is principally brought about by the rising demand from the transportation and power generation sectors. Additionally, developing joint ventures by end-user sectors and expanding development methods are projected to propel market growth. Furthermore, the expanding government spending on infrastructure development in the developing world will have a favorable effect on market expansion. Its exceptional resistance to fire and corrosion, thermal insulation, and performance stability make them ideal for use in the building industry. Construction calcium silicate is in high demand due to the world's accelerating urbanization and booming investment activities, which are driving up demand for residential and commercial buildings.

These products are a great choice for floor tile, brick, and roofing applications since they are lower in weight than fiber cement board. Furthermore, as diseases become more common, there is an increasing need for both sophisticated medical facilities and therapeutic treatment, which is driving demand in the pharmaceutical industry. Because calcium silicate allows goods to freely flow during the medicine-making process, it is a chemically stable constituent in powdered medications and is used extensively as an addition. It also efficiently absorbs surplus moisture and water. The Covid-19 pandemic has forced industries to temporarily close, upsetting the supply chain and slowing the expansion of the calcium silicate industry globally. Still,

Global Calcium Silicate Market: Segmentation

Applications and geographical areas can be used to divide up the worldwide calcium silicate market.

The market can be divided by application, including building materials, food additives, pharmaceuticals, insulation material, and others. Because of the increasing amount of money being invested in infrastructure projects worldwide, the building material segment holds the greatest share of the global calcium silicate market.

Global Calcium Silicate Market: Regional analysis

Because of the rising costs associated with healthcare facilities, North America holds the highest share of the worldwide calcium silicate market. Moreover, the advantageous reimbursement rules in the healthcare sector are creating additional avenues for consumers to embrace cutting-edge medical care, thus promoting the expansion of the local market. In addition, people's changing lifestyles will support the expansion.

Due to the rising demand for calcium silicate additives in food items that efficiently absorb water and lumps from food ingredients, Europe is likewise expected to experience excellent growth potential in the years to come. Growth prospects will be further enhanced by the notable shift in consumer taste preferences and the surge in investments in the food and beverage industry in the region.

However, due to the soaring demand for better insulation materials from the building and construction sector, Asia Pacific is also expected to experience exponential growth during the forecast period. The market will expand in tandem with the population's steady increase and the growing need for energy-efficient buildings.

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Global Calcium Silicate Market: Competitive Players

Some of the significant players in the global calcium silicate market include

Promat International NV
Skamol
American Elements
Weifang Hongyuan Chemical Co. Ltd
Johns Manville
Spectrum Chemical Manufacturing Corp.
ASSOCIATED CERAMICS AND TECHNOLOGY INC.
Mil-Spec Industries Corporation
ZIRCAR Ceramics
Pyrotek
Isolite Insulating Products Co. Ltd.
A&A Material Corporation
NICHIAS Corporation
WELLPOOL CO. LTD.
Ramco Industries Limited
XIANGYUAN
Zhejiang Hailong New Building Materials Co. Ltd.
SANLE GROUP CO. LTD.
Shandong Lutai Building Material Science And Technology Group Co. Ltd
ProChem Inc International
Materion Corporation
Anglitemp Ltd and 2K Technologies
among other

Global Calcium Silicate Market: Regional Segment Analysis

By Product Type

Low Density
Medium Density
High Density

By Quality

By Application

Building Materials
Insulation
Cement
Ceramics
Fire Protection
Food Additive
Paints & Coatings
Sealant
Others

By End-Use Industry

Construction
Food
Pharmaceutical
Industrial
Others

By Region

North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa