Active Calcium Silicate Market Size to hit $210mn by 2024
Published Date: September 17, 2019 Authors: Kunal Ahuja, Kritika Mamtani
Active Calcium Silicate Market size is set to reach USD 210 million by 2024; according to a new research report by Global Market Insights, Inc.
Growing demand for premium performance insulation materials from various end use industries including building & construction and automotive is projected to drive the active calcium silicate market growth. The product is extensively used as a building material in the construction sector due to their superior fire resistance and adhesive characteristics which makes it suitable for various applications such as roofs, floor, tiles in residential, industrial and commercial structures. Increasing awareness towards fire safety norms pertaining to rapid growth in industrial mega infrastructure projects is expected to propel the market growth
The materials are used as a substitute for construction chemicals like asbestos in high-temperature insulation materials owing to their superior thermal insulation properties, corrosion resistance and low environmental impact. Furthermore, the product is also utilized in the production of coatings and roofing products. Growing demand for high quality floor tiles and decorative roofing material to enhance the aesthetics of buildings and increasing refurbishment work is expected to have a huge impact on the active calcium silicate market revenue.
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Ceramics application market demand is expected to exceed USD 16 million up to 2024. These products are used mostly by tile factories owing to its fluxing properties, freedom from volatile constituents and whiteness which enhances the aesthetic appearance of the tiles. Increasing demand for high-performance ceramics which deliver multiple benefits in challenging and hostile environments with unique characteristics such as lightweight, hardness and corrosion resistance shall further stimulate the product demand.
Browse key industry insights spread across 150 pages with 154 market data tables and 12 figures & charts from the report, “Active Calcium Silicate Market Size By Application (Insulation, Fire Protection, Ceramics, Cement, Paints & coatings), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, China, India, South Korea, Japan, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 - 2024” in detail along with the table of contents:
U.S. active calcium silicate market may witness gains at around 3.5% during the expected time period. Increasing demand for durable paints & coatings for new and ongoing building development is projected to boost the product demand. Rising demand for the materials which maintain the durability of the buildings when exposed to extreme weather fluctuations such as high heat, rain shall have a positive impact on the industry growth. Rising R&D initiatives along with consumer preference towards less toxic paints and coating materials should further stimulate the market growth.
The demand for active calcium silicate in China is expected to record gains over 5% over the projected timespan. Booming construction industry along with increasing consumer expenditure on renovation activities may foster the product demand in the country. Rapid development in infrastructure and increasing disposable incomes has led to an upsurge in the construction of commercial and residential buildings is the key driving factor of the market. Growing technological advancements and rising research & developments towards the adoption of superior performance materials may favor product demand.
Germany active calcium silicate market shall witness gains over 4% during the projected time period. Ongoing new building construction owing to increasing industrialization has fueled the requirement for passive fire-resistant materials for building walls, blast furnaces, and oil refineries which is expected to augment the market growth. Rising government policies towards consumer and worker’s safety has further enabled manufactures to develop high performance building materials which provide superior fire protection, thereby driving the industry growth.
Johns Manville, Ramco Industries, 2K Technologies, Bees Chem, BIP Chemicals and Tirupati Industries are key industrial participants in the market. Companies are focusing to improve their business by collaborations & strategic mergers with focus on R&D to enhance the product portfolio offered by the company.
The active calcium silicate market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in Tons and revenue in USD from 2013 to 2024, for the following segments:
- Fire Protection
- Paints & coatings
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South Korea
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