Active Calcium Silicate Market Analysis

Active Calcium Silicate Market Analysis

Global insulation application segment may register gains close to 5% during the projected timeperiod owing to the growing demand for superior insulation materials from various industries such as petrochemical and glass. These materials offer exceptional strength, durability, inhibit corrosion to the outside surfaces of pipe and equipment which makes them suitable for pipe insulation applications. Increasing demand for materials which offer high temperature structural integrity and contribute to energy conservation during manufacturing process should further propel the active calcium silicate market revenue.
 

Global fire protection market size is likely to exceed USD 135 million by 2024 owing to the growing demand for high performance fire protection materials from heavy industries which work with high temperature furnace. These products offer a safe and durable fire-resistant solution to various industries owing to their non-combustible nature, lightweight and economic feasibility. These materials can withstand extreme heat for a longer period of time and replace traditional construction materials which are the key attributes for market growth.
 

Paints & coating application segment accounted for over 2.3 kilo tons volume share in 2015 and expected to witness significant growth over the forecast period. It is mainly used as binders in paints & coatings industry and offers weather resistance characteristics. The rapid industrialization and increase in the number of residential construction projects has boosted the paints & coatings application segment.
 

North America, driven by the U.S., Canada and Mexico market may record gains over 3.5% by 2024 owing to the increasing paints & coatings industry in the region. Growing consumption of paints and coatings by automotive, home furnishing and construction industry is likely to propel the product demand in the region. Rising consumer spending on high quality decorative interiors pertaining to changing living standards has further boosted the product demand. Growing demand for eco-friendly paints to provide a better visual appeal, texture and shelf life shall induce the regional growth.
 

Europe active calcium silicate market, driven by Germany, UK, France, Italy and Spain is likely to surpass USD 85 million upto 2024 owing to the increasing consumer inclination towards green buildings. Stringent government regulations towards the use of certain construction chemicals such as asbestos and formaldehyde pertaining to their toxic nature has further augmented the demand for eco-friendly alternatives which shows huge opportunities for market growth. Growing environmental concerns and rising favourable policies towards the development of green buildings shall stimulate the market size.
 

Asia Pacific driven by China, India, Japan, South Korea, Thailand, Malaysia and Australia active calcium silicate industry will grow at over 5% during the forecasted timeperiod pertaining to the growing government support towards the development of new residential buildings owing to rapid growth in population. Increasing construction activities has boosted the demand for high quality bricks, cement and insulation materials to enhance the longevity of buildings which is likely to have a positive impact on the market growth. Growing demand for energy efficient buildings and rising urbanization shall induce the regional growth.