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

Calcium Silicate Market

Calcium Silicate Market By Product Type (Low Density, Medium Density, High Density), By Quality (2N, 3N, 4N, 5N), 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: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030

Category: Chemical & Materials Report Format : PDF Report Code: ZMR-6878 Status : Upcoming
Market Size in 2022 Market Forecast in 2030 CAGR (in %) Base Year
USD 630.88 million USD 1,239.64 million 8.81% 2022

Description

The global calcium silicate market size was worth around USD 630.88 Million in 2022 and is predicted to grow to around USD 1,239.64 Million by 2030 with a compound annual growth rate (CAGR) of roughly 8.81% between 2023 and 2030.

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Global Calcium Silicate Market: Overview

Calcium silicate is a white powder extracted from limestone and diatomaceous earth. It is produced by reacting calcium oxide with silica in different ratios. Also, calcium silicate owns unique properties like low bulk density and high physical water absorption. Also, it offers high calcium content to the body and provides high weather resistance. It also functions as an anti-caking agent, which helps prevent the formation of lumps, making it ideal for application in the pharmaceutical and food sector. Its chemical formula is Ca2SiO4 and is also called calcium orthosilicate. It is denoted by E552, where E is the reference number.

Global Calcium Silicate Market: Growth Factors

The global calcium silicate market is expected to surpass $320 million with a CAGR of 4.5% during the forecast period. The growth is primarily triggered by the growing demand from power generation and the transport sector. Also, the increasing expansion strategies along with the growing joint ventures by end-users sectors are likely to drive market growth. Additionally, the growing government funding in the developing region on infrastructure development will positively impact the market growth. It offers superior fire & corrosion resistance, thermal insulation, and performance stability, which make them suitable for applications in the construction sector. The surging investment activities and rapid urbanization globally are inducing demand for commercial and residential buildings is posing a huge demand for construction calcium silicate. However, it is an effective substitute for toxic building materials like phthalates and asbestos.

These products are lighter in weight when compared to the fiber cement board, which in turn make it an ideal option for floor tile, brick, and roofing application. In addition, the growing prevalence of diseases has created a huge demand for therapeutic treatment along with advanced healthcare facilities, thereby fueling the demand from the pharmaceutical sector. Calcium silicate is widely used as an additive and is a chemically stable ingredient in medicinal powders due to its property to permit the free flow of products in the medicine production process. Also, it effectively absorbs excess water and moisture. The outbreak of the Covid-19 pandemic has posed a temporary shutdown on industries, thereby disrupting the supply chain, restraining the growth of the global calcium silicate market. However, the growing scope of the pharmaceutical sector will propel the demand for calcium silicate as raw material in the forthcoming years.

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Calcium Silicate Market: Report Scope

Report Attributes Report Details
Report Name Calcium Silicate Market
Market Size in 2022 USD 630.88 Million
Market Forecast in 2030 USD 1,239.64 Million
Growth Rate CAGR of 8.81%
Number of Pages 202
Key Companies Covered 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.
Segments Covered By Product Type, By Quality, By Application, By End-Use Industry, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Calcium Silicate Market: Segmentation

The global calcium silicate market can be segmented into application and region.

By application, the market can be segmented into insulation material, pharmaceutical, food additives, building material, and others. The building material segment accounts for the largest share in the global calcium silicate market due to the surging investments in infrastructure projects globally.

Global Calcium Silicate Market: Regional analysis

North America accounts for the largest share in the global calcium silicate market due to the growing expenditure on healthcare facilities. Furthermore, the favorable reimbursement healthcare policies are further paving the way for consumers to adopt advanced medical treatment, thereby stimulating the growth of the regional market. Additionally, the transforming lifestyle of people will also complement the growth.

Europe is also likely to see strong growth prospects in the forthcoming years due to the growing demand for calcium silicate as additives in food products to effectively absorb water and lumps from food ingredients. The significant shift in consumer taste preferences and surging investments in the food & beverage sector in the region will further foster growth prospects.

However, Asia Pacific is also projected to exhibit exponential growth during the forecast period due to the surging demand from the building and construction sector for superior insulation materials. The growing requirement for energy-efficient building along with the constantly increasing population will also drive the growth of the market.

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

  • 2N
  • 3N
  • 4N
  • 5N

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

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global calcium silicate market is expected to surpass $320 million with a CAGR of 4.5% during the forecast period. The growth is primarily triggered by the growing demand from power generation and the transport sector. Also, the increasing expansion strategies along with the growing joint ventures by end-users sectors. Additionally, the growing government funding in the developing region on infrastructure development will positively impact the market growth.

 

Some of the significant players in the global calcium silicate market include Mil-Spec Industries, Spectrum Chemical Manufacturing, Chaitanya Chemicals, Industrial Insulation Group, Thermal Ceramics, and American Elements.

North America accounts for the largest share in the global calcium silicate market due to the growing expenditure on healthcare facilities. Furthermore, the favorable reimbursement healthcare policies are further paving the way for consumers to adopt advanced medical treatment, thereby stimulating the growth of the regional market.

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