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Active Calcium Silicate Market to Exhibit Phenomenal Growth Over 2016-2024

Author : Ronak Bora | Published Date : 2019-05-07 

The Active Calcium Silicate Market is set to grow from its current market value of more than $100 million to over $215 million by 2024; as reported in the latest study by Global Market Insights, Inc.

Strong growth in the infrastructural spending has carved a profitable growth map for the global Active Calcium Silicate Market. Active calcium silicate finds extensive application in the construction industry, owing to its properties such as high-temperature stability and sound absorption. Active calcium silicate market offers a wide product availability in the form of powder, boards, blocks and is used for fire protection, in Portland cement, acoustic insulation, ceramics, and paints & coatings. Active calcium silicate industry has witnessed an upsurge with rising demand from the construction projects including airports, flyovers, highways, fire stations, and other commercial complexes.

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The global active calcium silicate industry is set to garner huge profit from its fire protection applications. The product is widely used in boards & blocks form in oil refinery, blast furnace, building walls, and electric arc furnace. Active calcium silicate market share from the fire protection application is estimated to generate sales of USD 135 million by 2024. The EAPFP (European Association for Passive Fire Protection) has imposed regulations and guidelines regarding the harmonization of fire safety standards for the commercial and residential buildings. Properties of active calcium silicate which includes adhesiveness, intumescent, and fire resistance have broadened the application scope to acoustic tiles and wallboards.

Another strong application trend of active calcium silicate is in Ceramic Tiles Market, which is anticipated to grow at a rate of 9% over 2016-2024. The overall active calcium silicate market from ceramic application is likely to register a growth rate of 3.5% from 2016-2024, owing to growing application in false ceiling, plaster of Paris, tiles, and roof manufacturing products as it possesses properties such as hardness, high melting point, corrosion resistance, and light weight.

These advantages of ceramics have propelled its heavy demand in replacement of tiles for improved aesthetic appearance. Brazil active calcium silicate market is poised to see a consumption exceeding 90 tons by 2024, owing to growing trend toward high quality ceramic tiles as a substitute for conventional walls and floors.

Europe active calcium silicate market should witness consumption of over 40 kilo tons by 2024. ECSPA provides norms for standardization and technology for construction projects in masonry field.

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U.S. active calcium silicate market should witness gains at over 3.5%. Favorable regulatory compliances by ASTM to formulate, regulate and direct fire safety standards along with test method for measuring compressive properties of thermal and acoustic insulations should boost regional growth. 

Fire protection applications across China will witness significant gains, rising awareness along with increasing government initiatives towards implementing passive fire protection in buildings will drive growth.

Global active calcium silicate market is competitive and some companies operating in this industry include Promat International, Skamol, HIL Limited, Ramco Industries and 2K Technologies.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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