Calcium Silicate Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2023 – 2032

Calcium Silicate Market size is predicted to display considerable expansion during the forecast period of 2023-2032 as the product is widely used in many end-use industries, including food & beverage, construction, and pharmaceutical. Governments across the world are also boosting their expenditure on infrastructure development.
 

Large-scale urbanization is also one of the key factors that has boosted the construction of residential & commercial buildings, thereby driving calcium silicate market progress. The chemical is often considered a suitable alternative to toxic raw materials, such as phthalates and asbestos as it offers effective sound insulation, light density and is resistant to water damage.
 

Products made from calcium silicate are lighter than fiber cement board, making them suitable for bricks, roofing, and floor tiling applications. Since the construction sector is showing promising growth, the demand for these products will rise, further enhancing the market outlook.
 

Based on application, calcium silicate market is divided into building materials, pharmaceuticals, food additives, insulation materials, and others. The industry size from the pharmaceutical application segment is anticipated to record a notable CAGR through 2032. Increasing prevalence of chronic diseases has bolstered the need for therapeutic treatments which in turn, has boosted the production of pharmaceuticals.
 

Calcium silicate is a chemically stable ingredient and is majorly used as an additive in medicinal powders as it allows free flow of products during the production of various medicines. It also possesses superior absorption properties, helping it soak excess moisture and water. Using calcium silicate in medicines can treat weak bones and promote healthy bone formation in women and children, thereby positively affecting the market forecast.
 

Calcium silicate is also used to make drug delivery systems as it increases the drug-release time of medicines, which extends their therapeutic effect. Governments are also showing their support for the development of a robust healthcare infrastructure. For example, in March 2022, the U.K. government announced funding worth USD 316.6 million to support the country’s National Health Service (NHS) in healthcare research and manufacturing. These investments will improve calcium silicate market trends.
 

Calcium silicate will find robust use in food & beverage applications as it is used as an anti-caking agent due to its ability to soak in excess oil and moisture. Calcium silicate-based products are used as food additives to avoid the formation of lumps to make foods, such as table salt, baking powder, and coffee beverages manageable for packaging and transport. The demand for bakery goods is also rising among the younger population, which will boost the usage of calcium silicate, thereby strengthening the industry potential.
 

North America calcium silicate market value is projected to increase tremendously during the analysis timeframe. Customers in the U.S. and Canada are boosting their expenditure on a wide range of innovative healthcare facilities.
 

Global calcium silicate industry consists of several reputed companies, such as Industrial Insulation Group, Thermal Ceramics, American Elements, Promat, and Skamol, among others. These firms are entering partnerships, signing merger & acquisition deals, and launching new products to help them expand their business operations.
 

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