Calcium Silicate Market size is likely to witness significant growth during the projected timespan pertaining to increasing applications in various end use industries such as construction, food & beverages and pharmaceuticals. In addition, growing government expenditure in developing economies on infrastructure developments is expected to have positive impact on the market growth. These products offer superior thermal insulation properties, fire & corrosion resistance and maintain the performance stability when used in construction industry which is likely to accelerate the calcium silicate market demand.
Calcium Silicate is a chemical compound which is composed of calcium and silica. The compound in naturally found in limestone and is widely used as a key industrial chemical in applications which require high insulation, strength and flexibility. Calcium silicate provides high weather resistance, increases the calcium content in body and acts as an anticaking agent thereby preventing the formation of lumps which makes it suitable for their applications in food and pharmaceutical industries.
Rising investments in infrastructure development and rapid growth in urbanization has boosted the demand for residential and commercial buildings which is likely to drive the construction calcium silicate market growth. The chemical acts as a substitute to toxic building materials such as asbestos and phthalates as it provides effective sound insulation, light density and is immune to water damage. Global construction expenditure valued over USD 10 trillion in 2018 which is likely to have a positive impact on the market growth. These products are lighter than fiber cement board which makes them suitable for roofing, bricks and floor tiles applications. Growing building & construction industry along with increasing investment in infrastructure projects across the globe shall stimulate the product demand.
Increasing rate of disease prevalence has created huge demand for therapeutic treatments and healthcare facilities which in turn has boosted the pharmaceuticals market size. Calcium silicate is chemically stable ingredient and is utilized as an additive in medicinal powders owing to its capability to allow free flow of products during the medicine production process as it absorbs moisture and excess water. The presence of calcium silicate in medicines helps in treating weak bones and promotes healthy bone formation in children and women which is expected to have positive impact on market growth. In addition, these products are also used in the manufacture of drug delivery systems as they offer a long drug-release time which significantly extends the therapeutic effect of drugs. Latin America’s pharmaceutical revenue in 2017 valued over at USD 75 billion which shows significant opportunities for product demand. Rising government support towards healthcare development and increasing consumer spending on health and wellness products is likely to boost the calcium silicate market growth.
The product is widely used as an anti-caking agent in food & beverages industry owing to its superior capability of absorbing excess moisture and oil. These products are used as food additives to prevent the formation of lumps while making food products such as baking powder, table salt and coffee beverages manageable for packaging and transport. The U.S. retail sales of food & beverages amounted over at USD 715 billion in 2017 which is likely to have a positive impact on the market growth. Growing demand for additives to enhance the quality and longevity of food products is likely to accelerate the product demand.
North America calcium silicate market demand led by the U.S and Canada is likely to witness significant growth in the forecasted time period pertaining to the growing consumer spending on healthcare facilities in the region. North America healthcare industry revenue accounted over USD 710 billion in 2018 while total pharmaceuticals sales in the U.S. amounted over at USD 370 billion in 2017. Increasing lifestyle diseases, growing health awareness among consumers and rising government funding on healthcare and wellness services are key driving factors of the product demand.
Europe driven by France, Italy, UK, and Germany calcium silicate market size may witness substantial growth during projected timeframe owing to the huge growth in food & beverage industry. These products act as additives in dry products and absorb water and clump from various food ingredients. Germany’s food & beverage industry production value amounted over at USD 200 billion in 2017 which shows significant opportunities for market growth. Changing consumer taste preferences and increasing investments in food & beverage industry is likely to drive the regional growth.
Asia Pacific calcium silicate market led by China, India and Japan may exhibit significant growth during the forecasted timespan owing to the increasing demand for superior insulation materials from building & construction industry. It offers exceptional strength & durability, low thermal conductivity and high corrosion resistance which makes it suitable for the construction of pipes, ceiling and outdoor walls. China’s construction industry valued over USD 900 billion in 2018 which shall have a positive impact on the product demand. Increasing population and growing demand for energy-efficient buildings shall drive the product demand.
Global calcium silicate market share is fragmented as the market consist of several small, medium and major players. Companies like Thermal Ceramics, Industrial Insulation Group, Skamol, Promat and American Elements are major players in this market.
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