Market Definition:
Calcium silicate is a powder procured from limestone and diatomaceous earth. It is extensively used across different end-user industries and is likely to witness rising applications in the years to come. Market Research Future (MRFR) has conducted an analysis recently which states that the global calcium silicate market is poised to expand at a moderate CAGR over the assessment period 2016 to 2023. The growth pace of the market can be accredited to the key advantages offered by the product such as passiveness towards the fire.
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Market Scenario and Growth Factors:
Calcium silicate has paved its way across the construction sector which is poised to influence the revenue growth of the market primarily. It is anticipated to catalyze revenue creation for the players of the calcium silicate market over the next few years. In addition, the implementation of favorable regulatory laws for protecting the health of the workers at construction sites are also projected to support the expansion of the market in the forthcoming years. In addition, rapid industrialization has also unleashed developmental opportunities to the calcium silicate market. The use of the product for insulation in industries is likely to lead the proliferation of the market in the years to come.
Calcium silicate is expected to observe an upsurge in demand for the production of sealants. It helps in sealing micropores which are anticipated to expedite demand generation across the projection period. In addition, it is also likely to gain popularity as an anti-caking agent in food preparation. Also, the product is poised to pave its way across the food & beverage industry as a food additive. These factors are poised to accelerate revenue creation for the participants of the calcium silicate market over the next couple of years.
The product is expected to witness proliferating applications across industries such as paints & coating materials, pharmaceuticals, fertilizers & insecticides, etc. The growth of these industries is anticipated to boost revenue growth over the next few years.
Competitive Dashboard:
The key players operating in the global Calcium silicate market and profiled in this MRFR report are:
- Promat International NV (Belgium)
- American Elements (U.S.)
- Morgan Advanced Materials (U.K)
- Spectrum Chemical Manufacturing Corp. (U.S.)
- Prochem, Inc. (U.S.), Materion Corporation (U.S.)
- Mil-Spec Industries Corporation (New York)
- Associated Ceramics & Technology, Inc. (U.S.)
- Pyrotek (India),
- ZIRCAR CERAMICS (India),
- Skamol (Denmark),
- Industrial Insulation Group, LLC (U.S.)
Market Segmentation:
The global Calcium Silicate Market has been segmented on the basis of application for a detailed segmental analysis. Based on application, the segments include insulation, building materials, sealants, pharmaceuticals, food additive, and others.
Regional Analysis:
On the basis of region, the global calcium silicate market has been segmented into five regions viz. Asia Pacific, Latin America, Europe, the Middle East & Africa (MEA), and North America. Asia Pacific is expected to retain the leading position over the next couple of years. The regional segment resonates strong growth potential and is anticipated to strike a healthy growth rate in the years to come. Rapid industrialization and urbanization are the key factors expected to encourage the growth pace of the calcium silicate market in the region across the projection period. Fast-developing nations such as China and India are prognosticated to contribute significantly to the development of the regional segment in the foreseeable future. In addition, the growth of the end-user industries such as paints & coating, construction, adhesives & sealants, etc. is also anticipated to catapult the regional segment on upward trajectory.
North America and Europe are also significant growth pockets expected to expand at a substantial pace in the forthcoming years. Technological innovations and increasing consumption levels are forecasted to favorably influence the expansion of the calcium silicate market in these regions.
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