Active Calcium Silicate Market Size By Application (Insulation, Fire Protection, Ceramics, Cement, Paints & coatings), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 - 2024
Published Date: Dec 2016 | Report ID: GMI1108 | Authors: Kunal Ahuja, Shreya Deb
Active Calcium Silicate Market size estimated at USD 100 million in 2015 and is poised to surpass consumption of 115 Kilo tons by 2024.
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Robust growth in the construction of new residential and commercial buildings owing to increasing population has created demand for high quality cement, fire protection and insulation materials which shall accelerate the active calcium silicate market growth. These products are served in a variety of applications such as building materials, fireproof ceilings, paints & coatings pertaining to its superior thermal insulation properties and performance stability. Rising government regulations pertaining to fire safety standards during infrastructure development owing to growing safety concerns should further accelerate the market size.
The compound acts as an alternative to various building materials such as asbestos, metals owing to its light density and resistance from water damage. These materials are lighter than fiber cement board, offer effective sound absorption and high temperature protection which makes them ideal for roofing and floor tiles applications. Construction investments in Western Europe valued over at USD 1.4 trillion in 2015 which shows healthy market growth. Growing investments in infrastructure projects across the globe along with rising demand for high insulation materials is likely to stimulate the product demand.
Stringent regulations laid down by various regulatory bodies such as OSHA and ACGIH towards the exposure of calcium silicate to human health may hinder the market growth. Excessive exposure of the product may lead to itching, pain, redness in eyes and scratchiness of the throat which may further obstruct market growth during the forecasted timeperiod. However, increasing demand for products that offer superior dimensional stability in humid environments shall escalate the market size.
|Base Year:||2015||Market Size in 2015:||100 Million (USD)|
|Historical Data for:||2013 to 2015||Forecast Period:||2016 to 2024|
|Forecast Period 2016 to 2024 CAGR:||8.4%||2024 Value Projection:||210 Million (USD)|
|Pages:||150||Tables, Charts & Figures:||166|
|Geographies covered (12):||U.S., Canada, Germany, UK, France, Italy, Russia, China, India, South Korea, Japan, Brazil|
|Segments covered:||Application and Region|
|Companies covered (22):||American Elements, Promat International NV, Skamol AS, Weifang Hong Yuan Chemical Co. Ltd., Sibelco Europe MineralsPlus, HIL Limited, Megha Insulations Pvt Ltd., Imerys Filtration Minerals Inc., MLA Group of Companies, Anglitemp Limited, Johns Manville, Ramco Industries Ltd, Weifang Hongxin Chemical Co. Ltd., Suzhou CMT Engineering Company Limited, K Technologies, Bee Chems, Tirupati Industries, Taian Shuoyun Chemical Co. Ltd, Krishna Udyog, Vinzai Chemical Industries Pvt. Ltd., R.K. Oil Industries Pvt. Ltd., BIP Chemicals, Kyocera Corp., Corning, Inc., Murata Manufacturing Co. Ltd., CoorsTek, GrafTech International Holdings, Inc., ACC Limited, Soben Board Group, Bornder Fire-proof Board Company Ltd., Rath Inc.,|
|Pitfalls & Challenges:||
Global insulation application segment may register gains close to 5% during the projected timeperiod owing to the growing demand for superior insulation materials from various industries such as petrochemical and glass. These materials offer exceptional strength, durability, inhibit corrosion to the outside surfaces of pipe and equipment which makes them suitable for pipe insulation applications. Increasing demand for materials which offer high temperature structural integrity and contribute to energy conservation during manufacturing process should further propel the active calcium silicate market revenue.
Global fire protection market size is likely to exceed USD 135 million by 2024 owing to the growing demand for high performance fire protection materials from heavy industries which work with high temperature furnace. These products offer a safe and durable fire-resistant solution to various industries owing to their non-combustible nature, lightweight and economic feasibility. These materials can withstand extreme heat for a longer period of time and replace traditional construction materials which are the key attributes for market growth.
Paints & coating application segment accounted for over 2.3 kilo tons volume share in 2015 and expected to witness significant growth over the forecast period. It is mainly used as binders in paints & coatings industry and offers weather resistance characteristics. The rapid industrialization and increase in the number of residential construction projects has boosted the paints & coatings application segment.
North America, driven by the U.S., Canada and Mexico market may record gains over 3.5% by 2024 owing to the increasing paints & coatings industry in the region. Growing consumption of paints and coatings by automotive, home furnishing and construction industry is likely to propel the product demand in the region. Rising consumer spending on high quality decorative interiors pertaining to changing living standards has further boosted the product demand. Growing demand for eco-friendly paints to provide a better visual appeal, texture and shelf life shall induce the regional growth.
Europe active calcium silicate market, driven by Germany, UK, France, Italy and Spain is likely to surpass USD 85 million upto 2024 owing to the increasing consumer inclination towards green buildings. Stringent government regulations towards the use of certain construction chemicals such as asbestos and formaldehyde pertaining to their toxic nature has further augmented the demand for eco-friendly alternatives which shows huge opportunities for market growth. Growing environmental concerns and rising favourable policies towards the development of green buildings shall stimulate the market size.
Asia Pacific driven by China, India, Japan, South Korea, Thailand, Malaysia and Australia active calcium silicate industry will grow at over 5% during the forecasted timeperiod pertaining to the growing government support towards the development of new residential buildings owing to rapid growth in population. Increasing construction activities has boosted the demand for high quality bricks, cement and insulation materials to enhance the longevity of buildings which is likely to have a positive impact on the market growth. Growing demand for energy efficient buildings and rising urbanization shall induce the regional growth.
Competitive Market Share
Global active calcium silicate market share is competitive pertaining the presence of several players such as American Elements, Skamol, HIL limited, MLA Group of Companies and Johns Manville. Manufacturers are focusing on improving their strategic mergers & acquisitions and are investing heavily in research and innovations to enhance their product line and attract new customers.
Active calcium silicate is used in fire protection and acoustic insulation applications owing to its high temperature stability, water repellency and superior heat insulation properties. The compound in naturally found in limestone and is widely used as a major industrial chemical in a variety of construction applications such as roofing, ceiling, cladding, and insulation.
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