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The calcium silicate market share is expected to increase by USD 61.54 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.67%.
This calcium silicate market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers calcium silicate market segmentations by application (insulation, cement, paints and coatings, ceramics, and others) and geography (Europe, APAC, North America, South America, and MEA). The calcium silicate market report also offers information on several market vendors, including Etex NV, GFS Chemicals Inc., Imperial Chemical Corp., Mil-Spec Industries Corp., Morgan Advanced Materials Plc, Pyrotek Inc., Shandong Lutai Building Material Science And Technology Group Co. Ltd., Skamol AS, Spectrum Chemical Manufacturing Corp., and ZIRCAR Ceramics Inc. among others.
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Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing demand for acoustic insulation coupled with rise in construction spending is notably driving the calcium silicate market growth, although factors such as fragile nature of calcium silicate, questioning the quality of calcium silicate insulation may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the calcium silicate industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Calcium Silicate Market Driver
One of the key factors driving the calcium silicate market growth is the increasing demand for acoustic insulation coupled with rise in construction spending from residential and construction projects. Acoustic insulation, also known as soundproofing, is preferred for music studios, sound quality auditoriums, workout centers, control rooms, and corporate workplaces. Further, demand for acoustic insulators from various manufacturing industries and units for environmental-friendly operations have propelled the demand for calcium silicate. In addition, industries such as oil platforms, construction, and electronics use soundproofing materials such as calcium silicate. The demand for acoustic insulation is driven by the increasing demand from APAC. In countries, such as China, a shift from government-based programs to privately funded commercial and industrial projects, has increased the focus on sound-proofing and fire-safety in high-rise buildings.
Key Calcium Silicate Market Trend
Increasing adoption of eco-friendly calcium silicate boards in conjunction with green buildings is the major trend influencing calcium silicate market growth. The shift from conventional construction themes and styles to drywall construction, associated with the construction industry, has influenced the focus of calcium silicate board manufacturers on their product offerings. Vendors in the global calcium silicate market have shown an increased inclination toward manufacturing eco-friendly calcium silicate boards that complement the construction of green buildings. The focus of the vendors is more on the manufacture of calcium silicate boards as 100% non-asbestos products to eliminate the production of harmful radiation and toxic gases. In addition, the eco-friendly properties of these sheets are coupled with other properties such as resistance to termites and insects, high strength and lightweight, and anti-corrosiveness. This emerging trend is expected to sustain in the market during the forecast period. Further, the global market has also witnessed this trend as a factor that would lead to product differentiation, which is being viewed as a key factor from a vendor's standpoint.
Key Calcium Silicate Market Challenge
The fragile nature of calcium silicate, questioning the quality of calcium silicate insulation is one of the key challenges hindering the calcium silicate market growth. Though calcium silicate is increasingly used for insulation, its installation has raised questions. Calcium silicate is fragile, which can sometimes lead to excessive material breakage during installation. In some cases, calcium silicate absorbs moisture and accelerates corrosion when it encounters metals. The heating of calcium silicate can lead to fracture of the materials, which could cause the material to fall apart when the outer casing or cladding is removed. The installation of calcium silicate can be labor-intensive depending on the nature of the insulation. Calcium silicate is mainly used as an insulating component in building construction materials. Fiberglass, foamed plastic, and stone wool are also increasingly used as insulating materials in construction activities. Stone wool, also known as mineral wool, is one of the major substitutes for calcium silicate and is used in buildings, boilers, and furnaces which hamper the growth of the market.
This calcium silicate market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global calcium silicate market as a part of the global commodity chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the calcium silicate market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the calcium silicate market encompasses successful business strategies deployed by the key vendors. The calcium silicate market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The calcium silicate market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the calcium silicate market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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36% of the market's growth will originate from APAC during the forecast period. Market growth in this region will be faster than the growth of the market in other regions.
The global calcium silicate market in APAC is fueled by the increasing focus on fireproof residential and commercial buildings in countries such as China. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of the COVID-19 pandemic affected the growth of several industries in the region, including the construction industry, as several construction projects were put on hold, owing to the lockdown measures implemented by governments to ensure public safety. For instance, in July 2020, the Wyoming Department of Transportation announced the delay of 11 construction projects, owing to the revenue shortfalls caused by the COVID-19 pandemic. Therefore, with the adverse impact of COVID-19 on the regional construction industry, the growth of the regional calcium silicate market witnessed a decline in 2020. However, with control in the spread of the pandemic, coupled with the reopening of economies, the regional market is expected to grow during the forecast period.
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The calcium silicate market share growth by the insulation will be significant during the forecast period. The global calcium silicate market for insulation is fueled by the extensive use of calcium silicate in high-temperature insulation materials.
Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the calcium silicate market size and actionable market insights on post COVID-19 impact on each segment.
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Calcium Silicate Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.67% |
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Market growth 2021-2025 |
$ 61.54 million |
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Market structure |
Fragmented |
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YoY growth (%) |
4.22 |
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Regional analysis |
Europe, APAC, North America, South America, and MEA |
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Performing market contribution |
APAC at 36% |
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Key consumer countries |
UK, Germany, US, Canada, and Russian Federation |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Etex NV, GFS Chemicals Inc., Imperial Chemical Corp., Mil-Spec Industries Corp., Morgan Advanced Materials Plc, Pyrotek Inc., Shandong Lutai Building Material Science And Technology Group Co. Ltd., Skamol AS, Spectrum Chemical Manufacturing Corp., and ZIRCAR Ceramics Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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