Calcium silicate, also known as calcium orthosilicate, is a white powder derived from diatomaceous earth and limestone. It is obtained by reacting calcium oxide and silica in various ratios. Calcium silicate possesses properties such as high physical water absorption and low bulk density. Due to these special physical characteristics calcium silicate has several applications in the construction sector. It is also used as a food additive in the food processing industry.
Calcium silicate is segmented based on end-use application into insulation material, sealant, and food additive. It is used as a raw material in the production of low-density building material products, which are employed in high temperature insulation and fire-resistive material applications. Calcium silicate is used to produce fire-proofing materials due to its passiveness toward fire. Cladding is the most extensively used fire-proofing material prepared by calcium silicate. Calcium silicate is used as an alternative to asbestos as it has high-temperature insulating property. Calcium silicate is often used in the insulation of industrial grade equipment and pipes. Sodium silicate when applied on cured concrete chemically reacts with calcium hydroxide to form calcium silicate hydrate, which seals the pores, if available, creating an impermeable surface. Calcium silicate is used as an anti-caking agent and antacid in the food industry. Demand for high-temperature insulating materials is expected to increase due to industrial development, thus boosting the market for calcium silicate. Growth in the construction sector has bolstered demand for calcium silicate as it is the major end-user of calcium silicate. Calcium silicate used in manufacturing of fireproofing materials is employed across a wide range of end use applications such as commercial construction, residential construction, industrial construction, marine, aerodynamic, etc. Usage of calcium silicate as an anti-caking agent has boosted growth in the food and beverages industry, thus creating potential opportunities for the calcium silicate market.
The global calcium silicate market is segmented into regions such as Asia Pacific, North America, Europe, Latin America, and Middle East and Africa. Asia Pacific accounted for more than 50% share of the global calcium silicate market followed by Europe and North America. Application of calcium silicate in tiles, bricks, and cement is driving growth in the construction sector. This, in turn, is anticipated to fuel demand for calcium silicate during the forecast period. Construction and infrastructural development in growing economies such as China and India is estimated to drive demand for calcium silicate in Asia Pacific in the next few years.
Global demand for calcium silicate is expected to witness strong growth in the near future, thereby offering significant market opportunities to producers. Increasing demand for calcium silicate has compelled producers to undertake expansion and acquisition of projects to meet global demand. Numerous producers are shifting their plants to countries such as China and India due to various factors such as low raw material and labor costs. Rapid urbanization and infrastructural development are projected to be key market drivers. This, in turn, would propel demand for calcium silicate in the next few years. Low raw material availability and price volatility are factors likely to affect the market growth.
The market is highly diversified due to presence of numerous companies across the globe. Companies operating in the global market include American Elements, Promat, Morgan Advanced Materials plc, Isolite Corporation, Pyrotek, Zircar, Chaitanya Chemicals, Skamol A/S, and Industrial Insulation Group, LLC.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.