Increasing demand from the construction industry, mainly for fire and sound proofing applications will surge the Active Calcium Silicate Market over the coming years. Rising infrastructure spending across airports, harbors, roadways, rail transports will spur the active calcium silicate industry. The global construction spending is estimated to beat USD 15.5 trillion by 2024, with an annual growth rate of 7.5% over the period of 2016-2024. According to Global Market Insights, Inc. “Active Calcium Silicate Market is estimated to surpass USD 215 million over the period of 2016-2024.” Furthermore, global active calcium silicate market is set to witness consumption over 115 kilo tons in the coming seven years.
The major raw materials in the active calcium silicate market include sodium silicate, hydrochloric acid, and limestone. These raw materials provide characteristics such as adhesiveness, fire resistance, and intumescent to active calcium silicate. Due to these dynamics, it can be widely used in acoustic tiles, wallboard, bricks, clay, cement, and tile factories, owing to which there will be a substantial growth in the active calcium silicate industry.
U.S. active calcium silicate market size, by application, 2013-2024 (USD Million)
Active calcium silicate has vast application scope in insulation, ceramics, fire protection, cement, and paints and coatings sectors. The fire protection application is foreseen to surpass USD 135 million by 2024. Usage of blocks and boards forms in blast furnace, oil refinery, and electric arc furnace will boost the product demand in the fire protection segment.
Ceramic applications should witness an annual growth rate of 3.5% over the analysis period, owing to its increasing usage in false ceilings, plaster of Paris, tiles, and roof manufacturing process for construction projects. The ceramic tiles market size is estimated to generate revenue over USD 150 billion by 2024.
Active calcium silicate is further employed in other applications including cement and coating market. Rising government initiatives towards infrastructure spending in the emerging economies will drive the active calcium silicate industry share. Tremendous use of high performance ceramic in the construction sector, owing to its properties such as corrosion resistance, light weight, high hardness, and high melting point will augment the segment growth in the coming seven years.
Below are the regional trends influencing the active calcium silicate industry share.
The active calcium silicate market is highly competitive and exhibits fierce competition globally. The notable industry participants include HIL Limited, 2K Technologies, Skamol, Promat International, Ramco Industries, etc.
Written By : Ojaswita Kutepatil