Calcium Silicate Market: Introduction
Calcium silicate is also known as calcium orthosilicate, is a compound which is produced by reacting silica in various ratios with calcium oxide. Calcium silicate is also naturally derived from diatomaceous earth and limestone. It a free flowing powder, having high physical water absorption and low bulk density. Calcium Silicate is used as an antacid and as an anticaking agent in the preparation of food. Calcium silicate is used in various applications such as food additive, insulation material and sealant etc. Thus, contributing to the wide area of application of Calcium Silicate. The demand of Calcium Silicate is expected to grow at a significant CAGR during the forecast period.
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Calcium Silicate Market: Dynamics
Growing construction activities coupled with swift urbanization in China and India is expected to contribute significantly to the overall growth of Calcium Silicate market during the forecast period. By Application, construction segment is expected to account for a significant share in the Global Calcium Silicate Market during the forecast period which can be attributed to the increasing demand of low density of tiles, bricks etc. and fire proof buildings etc. Implementation of regulations by National Institute for Occupational Safety & Health (NIOSH) and Occupation Safety & Health Act, 1970 (OSHA) to provide sale and healthy work environment is expected to further propel the demand for Calcium Silicate in the construction sector during the forecast period.
In industrial application, calcium silicate is used in industrial grade equipments such as blast furnace, pipes etc. Application of Calcium Silicate as a food additive, approved by WHO and FAO, is expected to increase the demand of Calcium Silicate. Thus, the wide area of application and growth in end use industries is expected to have a positive effect on the growth of Global Calcium Silicate consumption during the forecast period.
Fluctuation in the prices of raw material, low raw material availability are certain factors which are expected to pose restraint in the Growth of overall Calcium Silicate Market during the forecast period.
Calcium Silicate Market: Segmentation
By Product Type, the Calcium Silicate market can be segmented as:
By End Use Industry, the Calcium Silicate market can be segmented as:
Calcium Silicate Market: Regional Outlook
North America is expected to witness a surge in the demand of Calcium Silicate during the forecast period which can be attributed to the growing construction industry as Calcium Silicate is used in fireproof spray in plaster. For instance, TPS (Thermal Pipe Shields) has announced to provide the calcium silicate (calsil) mechanical insulation in the U.S., thereby fuelling the growth of Calcium Silicate consumption in North America.
Asia Pacific region is estimated to hold a significant share in the Global Calcium Silicate Market during the forecast period attributing to the growth of pharmaceutical industry, construction and food industry in Asia Pacific, especially in the emerging/ developing countries like India, China etc.
Europe is estimated to witness the growth in the demand of Calcium Silicate during the forecast period which can be attributed to the increasing demand of green building materials which have superior properties such as fire resistant, moisture resistant and long life etc. which is expected to drive the regional Calcium Silicate Market.
Latin America and Middle East & Africa (MEA) are expected to witness a swift demand of Calcium Silicate during the forecast period attributing to the growing construction activities in these regions.
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Calcium Silicate Market: Key Participants
Examples of some of the key participants in the global Calcium Silicate market are:
Weifang Hongyuan Chemical
Morgan Advanced Materials
Spectrum Chemical Manufacturing Corp.
Associated Ceramics & Technology, Inc.
Mil-Spec Industries Corporation
Industrial Insulation Group, LLC