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 Calcium Silicate Industry is projected to be worth USD 321 Million by 2028, registering a CAGR of 4.61% during the forecast period (2021 - 2028). The growth pace of the market can be accredited to the key advantages offered by the product such as passiveness towards the fire.
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 Industry 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 Industry. 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 Industry over the next couple of years.
Market Segmentation:
The Global Calcium Silicate Industry is segmented on the basis of the Application and Region.
On the Basis of the Application, the global calcium silicate industry is segmented into building materials, insulation, sealants, food additive, pharmaceuticals, and others.
The Global Calcium Silicate Industry is segmented into five key regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Competitive Analysis:
Some of the prominent manufacturers in the global market of calcium silicate are American Elements (U.S.), Promat International NV (Belgium), Morgan Advanced Materials (U.K), Prochem, Inc. (U.S.), Spectrum Chemical Manufacturing Corp. (U.S.), Materion Corporation (U.S.), Associated Ceramics & Technology, Inc. (U.S.), Mil-Spec Industries Corporation (New York), Pyrotek (India), Skamol (Denmark), ZIRCAR CERAMICS (India), and Industrial Insulation Group, LLC (U.S.).
Industry News
Dec 2021 - The Ma Hong facility of Ganfeng Lithium, opened in 2012, is located in Xinyu City, Jiangxi Province's High-tech Development Zone. The total designed volume of battery-grade lithium hydroxide in the plant will reach 81,000 tonnes after a project with an yearly output of 50,000 tonnes of lithium hydroxide is put into operation; it can also produce 15,000 tonnes of lithium carbonate, 12,000 tonnes of lithium chloride, and other compound products each year. The facility runs on natural gas instead of coal, recycles 100% of condensed water, supports the use of by-products, and transports items such as calcium silicate slag, sodium sulfate, calcium sulfate slag, and other by-products produced during the manufacturing process.
Nov 2021 - Researchers have identified a high-pressure calcium silicate perovskite (CaSiO3) is a naturally occurring mineral from Earth's lower mantle for the first time. The scientists termed the newly discovered crystalline compound davemaoite. It was discovered trapped as an inclusion inside a deep-earth diamond that developed at extreme pressure and heat more than 660 kilometers below the Earth's surface.
Access Full Report of Calcium Silicate Industry: https://www.marketresearchfuture.com/reports/calcium-silicate-market-5712
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